Total boxboard production increased 4.0 percent when compared to April 2017 and increased 2.6 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to April 2017 and increased compared to last month. The production of Recycled Boxboard increased compared to April 2017 and increased when compared to last month.
http://afandpa.org/media/news/2018/05/18/american-forest-paper-association-releases-april-2018-boxboard-report
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The U.S.-based nonprofit Food System 6 (FS6) announces the launch of a comprehensive startup program in partnership with global sustainable food packaging leader Huhtamaki. The Huhtamaki Circular Economy Startup Program by Food System 6 is designed to accelerate the development of young and promising companies working for a more sustainable future. It will focus on identifying and developing early-stage companies with innovative and promising sustainable solutions in areas such as waste diversion, sustainable packaging alternatives, new materials innovations, and regenerative production models. “Our program is happening at a critical time. The COVID-19 crisis has exposed the vulnerabilities that already existed in our fragile food system,” said Caesaré Assad, Chief Executive Officer of Food System 6. “We need solutions now that will support regeneration and circularity across agriculture, food distribution and production. By supporting entrepreneurs, we can rectify the problems that impact people and our planet to create a stronger, resilient, and equitable world.”
Revolution Sustainable Solutions LLC, Little Rock, Arkansas, has acquired PolyAg Recycling Ltd., a Canada-based mechanical recycler of agricultural films. Established in 2019, PolyAg offers local recycling of used agricultural film through its recycling facility in Bashaw, Alberta. This acquisition aligns with Revolution’s growth in the agricultural film space, having invested more than $20 million to expand its manufacturing facility in Little Rock, Arkansas, by 36,000 square feet in 2020. The expansion supports the production of various polyethylene products made from recycled materials, including construction film, agricultural film and geomembrane film, by adding two blown film lines. As previously reported by Recycling Today, the film lines are able to produce more than 40 million pounds of film products annually.
Second Quarter 2020 Highlights: *Second quarter net earnings (loss) attributable to International Paper of $266 million, compared with $(141) million in the first quarter of 2020 and $292 million in the second quarter of 2019. First quarter 2020 net earnings included an after-tax charge of $337 million for the impairment of the net assets and write-off of foreign currency translation adjustment following the announcement of the sale of our Brazil Packaging business. *Second quarter adjusted operating earnings* (non-GAAP) of $305 million compared with $226 million in the first quarter of 2020 and $460 million in the second quarter of 2019 *Second quarter cash provided by operations of $890 million and year-to-date of $1.5 billion compared with $1.8 billion year-to-date in the same period of 2019 *Liquidity position of $3.6 billion at the end of the second quarter compared with $3.5 billion at the end of the first quarter, which reflects cash and unused committed facilities