Stora Enso launches Performa Nova, a high-yield folding boxboard for consumer packaging

Further to an announcement made in July 2022, Mondi confirms that all conditions have been satisfied and the merger of Mondi Tire Kutsan Kağıt ve Ambalaj Sanayi a.ş. and Mondi Olmuksan Kağıt ve Ambalaj Sanayi Anonim Şirketi will come into effect from 30 September 2022. Mondi currently holds 84.65% of the shares of Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. . The new entity Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş., is part of Mondi’s Corrugated Packaging business unit. Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. operates a network of nine corrugated solutions plants across the country, a containerboard mill in Tire and a waste paper collection facility in Adana. Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. employs more than 1,600 people and has a listing on the Istanbul Stock Exchange (BIST).

UPM Raflatac will launch a brand new product range for medical device and healthcare industry. New RPMD is a multi-faceted adhesive that is ideal for labeling medical devices. Selection of different face materials with new RPMD adhesive are specially designed for different medical device sub-segments such as sterilization wraps and bags, infusion bags and bottles, drug-device combinations like pens, auto-injectors and inhalers and blood donation labeling. RPMD adhesive combines excellent adhesion with a tight mandrel hold on glass and plastic and is sterilization resistant and migration safe. "In April 2017 the EU Commission formally adopted two new regulations on medical devices and in vitro diagnostic medical devices. One of the main regulatory updates is the implementation of a Unique Device Identification system (UDI) that provides a globally harmonized and consistent approach for the marking and identification of medical devices", comments Markku Pietarinen, Manager, Business Segments & Pharma, Specials EMEIA. "A UDI is a code printed on a label affixed to a device or its packaging, or even directly on the device itself, in both plain text and machine-readable format. All medical devices available in the EU must comply with the new regulations by April 2020, with the deadline for in vitro diagnostic devices falling two years later, in 2022." Click Read More below for additional information.

*Sonoco achieved fully diluted earnings per share of $1.32 *Continued near record results in the flexible packaging and the rigid paper container businesses in the Consumer Packaging (“Consumer”) and Industrial Paper Packaging (“Industrial”) segments *Inflationary pricing pressures continue to impact year-over-year demand in the Consumer segment *Generated $617 million of operating cash flow in the first nine months of 2023 due to strong GAAP Net Income and disciplined working capital management *Lowered full-year operating cash flow and free cash flow guidance based on lowered operating cash flow and lower capital expenses