Compared to third quarter guidance, results were negatively impacted by ($.02) per share due to hurricane-related items at certain mills and corrugated products facilities, offset by a partial insurance recovery related to the DeRidder Mill incident of $.02 per share. In the Packaging segment, total corrugated products shipments with two less workdays were up 4.0% and shipments per day were up 7.3% over last year’s third quarter. Containerboard production was 996,000 tons, and containerboard inventory was up 7,000 tons compared to the third quarter of 2016 and up 20,000 tons from the second quarter of 2017. In the Paper segment, lower volumes in the third quarter of 2017 compared to last year were primarily due to the previously announced shutdown of market pulp operations at the Wallula Mill. Click Read More below for additional information.
With a major investment of EUR 40 million in a now operational production asset, Ahlstrom-Munksjö cements its market position, upgrading its production platform in its well-established Beverage & Casing business.
A top-of-the-line asset
The advanced Voith paper machine line was installed on the Chirnside site in the Scottish Borders. This investment enables an improved product portfolio, higher quality, and significantly increased manufacturing capacity in addition to upgraded supply-chain security.
The machine is now starting commercial grade production, marking a new era for the Beverage & Casing Business. To consolidate the success of the new line, the Radcliffe long fiber production facility in Scotland has also expanded to enable seamless vertical integration.
“Commissioning the new paper machine allows us to serve our existing customers faster and better whilst facilitating our growth ambitions,” says Philippe Sevoz, Vice President of Beverage & Casing business. “Thanks to our Chirnside and Radcliffe team’s extensive knowledge and capabilities in Tea, Coffee and Casing we can continue to provide best-in-class innovative and sustainable products to our customers worldwide and can cement our unique position to become our customers’ supplier of choice.”
A unique capability: Spunbond PLA
In addition to the new production line, the business boasts an exclusive capability of Spunbond PLA. The know-how in this rare technology was developed throughout several years – Ahlstrom-Munksjö was one of the pioneers working with PLA.
Ahlstrom-Munksjö has a leading position with its BioWeb® and Fiber+ offering for tea filter materials, both compostable and manufactured without the use of oil based heat seal fibers. In the single-serve coffee market, Ahlstrom-Munksjö is also present with compostable options both in Europe and the USA.