SCA to increase kraftliner prices by €50 per tonne

Imaflex Inc. is pleased to announce that it has signed equipment purchase agreements over the past quarter for three new co-extrusion blown film lines ("extruders") to help meet heightening demand for its products. "In recent years Imaflex has seen consistent, profitable growth in its Canadian and U.S. operations," commented Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. "During this time, we have been upgrading all major extrusion lines in order to meet heightening market demand for enhanced film quality, which permits our converting customers' equipment to run at ever increasing speeds. Simultaneously, and as forecasted, we successfully reached our goal of selling out the capacity of our higher margin 5-layer line. Demand has been so robust on the niche products we created for this line that we recently purchased three new co-extruders." They are expected to generate additional extrusion capacity of between 12 to 15 million pounds per year, depending on product mix. Once an extruder is installed and fully operational, it should be fully utilized within 18 months. Barring any supply chain challenges, the extruders are expected to arrive at varying intervals ending the second quarter of 2023.

Cortec® is pleased to announce that its Cortec® Coated Products (CCP) division in Eau Claire, Wisconsin, has won the Wisconsin Recycling Excellence Award! CCP is one of 11 organizations that received the award this year from the Wisconsin DNR (Department of Natural Resources) in recognition of outstanding efforts to recycle and reduce waste. CCP’s award falls under the category of “Projects and Initiatives” that have led to the recycling of more material and/or better recycling cost-effectiveness. In addition to sourcing most of its paper rolls from recycled content, CCP’s specialty is to apply a corrosion inhibiting coating that still allows the paper to be recycled after use. This is an important environmental benefit for manufacturers and distributors that use Cortec® VpCI® Paper to package and protect metal parts in a variety of industries.

International Paper is pleased to announce that it received the necessary shareholder approval for its pending acquisition of DS Smith. Earlier this week, DS Smith also received the necessary shareholder approval for the Combination. International Paper will report the final vote results of the special shareholder meeting in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC"). International Paper and DS Smith continue to expect the Combination to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary closing conditions. "The overwhelming approval from both DS Smith and IP shareholders confirms the strong support of this combination," said Andy Silvernail, Chairman and CEO of International Paper. "Bringing the two companies together will create a true global leader of sustainable packaging solutions which will drive significant value for our employees, customers and shareholders."