Packaging Corporation of America reported first quarter 2021 net income of $167 million, or $1.75 per share, and net income of $169 million, or $1.77 per share, excluding special items. First quarter net sales were $1.8 billion in 2021 and $1.7 billion in 2020. Reported earnings in the first quarter of 2021 include special items for closure costs related to certain corrugated products facilities and specific costs related to discontinuing paper operations associated with the previously announced conversion of the No. 3 paper machine at our Jackson, Alabama mill to linerboard. In the Packaging segment, total corrugated products shipments with one less workday were up 6.6%, and shipments per day were up 8.3% over last year’s first quarter. Containerboard production was 1,195,000 tons, and containerboard inventory was up 14,000 tons from the fourth quarter of 2020 and up 41,000 tons compared to the first quarter of 2020. In the Paper segment, sales volume was up 5,000 tons from the fourth quarter of 2020 and down 48,000 tons compared to the first quarter of 2020.
Flint Group Packaging Inks, one of the largest ink and coatings suppliers to the global print and packaging industry, has enhanced its solvent-based range of inks and coatings for European customers. The new ONECode range is designed simplify the flexible packaging printing process, reducing process waste and increasing ease in doing business.
“Under the ONECode brand, we have built a new product hierarchy including six new brands,” says Kim Melander, Vice President & General Manager for Packaging Inks Europe, “These ink systems, developed to unlock the complex landscape of flexible package printing, to connect, clarify, and bring transparency to the flexible packaging printing industry.”
Mr. Melander continues, “Flint Group Packaging Inks’ ONECode range will guarantee printers and converters innovative, reliable, and sustainable ink solutions that deliver the highest performance possible from your most simple to your most demanding applications.”
The ONECode portfolio incorporates VertixCode for Flexo printing, MatrixCode for Gravure, HelixCode for dual purpose inks (Flexo and Gravure), and ZenCode, a recently launched range of sustainable solutions. Enhancing and complementing the portfolio are overprint varnishes and primers under the NexisCode brand name, and additives under the AdmixCode brand.
“These products, designed for both current and new developments in printing processes and substrates, adhere to global regulatory compliance requirements and are suitable for all flexible packaging applications,” explains Thomas Strohe, Senior Director Product Strategy & Segmentation, “ONECode offers a flexible solution enabling printers and converters to expand and flex their operations as these inks will always deliver high quality and consistent results. Importantly, our development teams do not stand still – we are constantly innovating for our strategic segments and customers.”
more at: https://www.flintgrp.com/en/news-information/press-releases/a-new-simplified-range-of-solvent-based-inks-and-coatings-for-european-flexible-packaging-converters/