Containerboard production was up 1.5 percent compared to May 2017 and up 0.8 percent year-to-date. The month-over-month average daily production compared to April 2018 was 1.5 percent higher. The containerboard operating rate was 98.5 percent, 1.4 percentage points higher than the same month last year. Production for export was 3.6 percent lower than May 2017 and 5.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-containerboard-report
Related Posts
Sonoco announced it has completed the acquisition of Highland Packaging Solutions, a Plant City, Fla.-based, leading manufacturer of thermoformed packaging for fresh fruits, vegetables and eggs found in the fast-growing perimeter of retail supermarkets. Sonoco acquired the privately-held Highland for approximately $150 million in cash. Highland’s financial results will be added to Sonoco’s Consumer Packaging segment, and the business will operate within the Company’s Global Plastics division. Click Read More below for additional information.
Klabin, Brazil’s largest producer and exporter of paper for packaging and sustainable solutions for paper packaging, besides offering hardwood pulp, softwood pulp and fluff to the market, has reported Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of R$1.843 billion in the second quarter of 2022, excluding non-recurring effects, an increase of 2% from the same period last year. Net revenue reached R$ 5.039 billion in the second quarter of this year, up 24% year on year, driven by higher sales volume and consistent growth across all business lines, which offset the impact caused by the higher real vis-à-vis the dollar on exports during the period.
IPG (Intertape Polymer Group) announced that its Danville, VA manufacturing plant, which produces carton sealing tape, stretch film, air pillows, and polyethylene (PE) tape, was awarded TRUE Zero Waste Certification under the TRUE (Total Resource Use and Efficiency) rating system. Administered by Green Business Certification Inc. (GBCI), TRUE helps facilities measure, improve, and recognize zero waste performance by encouraging the adoption of sustainable waste management and reduction practices, which contribute to positive environmental, health and economic outcomes. The Danville, VA facility is the first IPG manufacturing plant to obtain this certification. The IPG Danville team has implemented numerous recycling initiatives over the years and now has a diversion rate of 97.5%. In 2023, the plant diverted over 16 million pounds of material from the landfill, mostly through recycling efforts. By implementing the TRUE Zero Waste program, the plant has enhanced its already robust culture of zero waste.