Amcor Recognized as Sustainable Packaging Leader by Dow Jones Sustainability Indices Australia

Drive down almost any street in America and you’re bound to see them— brown shipping boxes (many made by Georgia-Pacific). They’re stacked up in apartment complex offices; slung on front porches and lining the back doors of many businesses. Ecommerce demand has tended to be more seasonal because of holiday shopping, but the last several years the seasonality has flattened somewhat as online purchasing has become more common throughout the rest of the year. The pandemic is also having an impact on demand. In fact, COVID-19 has created approximately a 30-40 percent increase in demand for boxes, as many are ordering online to decrease in-person shopping trips. Unlike the grocery store, there is no “paper or plastic” option in your online cart. These days, almost everyone gets a box (or a shipping envelope) and those home deliveries are expected to continue. Georgia-Pacific has 40 operations in the U.S. dedicated to making brown paper (called containerboard) and converting that paper into boxes of all kinds. Watch this 1-minute video for some behind the scenes “How It’s Made” footage.

Xanita, the makers of sustainable fiberboard, launched the Xanita Board in the USA and Canada. Xanita Board is being brought to market through a partnership with Mohawk Fine Papers Inc. The partnership will entail Mohawk taking the position of master distributor for Xanita Board in the North American region. Mohawk will offer the full range of Xanita products and have stock available until the end of March 2018. “The U.S. is by far the biggest market in our category, and we’re thrilled to have a partner like Mohawk to help maximize our position in the market,” says James Beattie, CEO, Xanita.

Fourth Quarter 2021 Highlights (as compared to fourth quarter 2020): • Revenue increased 20.2% to $413.7 million primarily due to the impact of higher selling prices and an increase in volume/mix primarily driven by certain tapes and dispensing machines. • Gross margin decreased to 19.7% from 25.7% primarily due to the unfavourable mathematical impact of Dollar Spread Maintenance(2) and an increase in plant operating costs including costs associated with supply chain disruptions and labor shortages, partially offset by a favourable product mix. • Net earnings attributable to the Company's shareholders ("IPG Net Earnings") decreased $8.0 million to $9.1 million primarily due to an increase in finance costs mainly due to an increase in the NCI Put Options Revaluation(3) and a decrease in gross profit, partially offset by a decrease in SG&A. Fiscal Year 2021 Highlights (as compared to fiscal year 2020): • Revenue increased 26.3% to $1,531.5 million primarily due to the impact of higher selling prices in all product categories driven by significant increases in the cost of raw materials and freight as well as an increase in volume/mix. 1 • Gross margin decreased to 22.2% from 23.8% primarily due to the unfavourable mathematical impact of Dollar Spread Maintenance. • IPG Net Earnings decreased $4.9 million to $67.8 million primarily due to (i) an increase in finance costs mainly due to the 2018 Senior Unsecured Notes Redemption Charges(5), the non-recurrence of the Nortech Contingent Consideration Gain(6) and an increase in the NCI Put Options Revaluation, and (ii) an increase in SG&A, partially offset by an increase in gross profit.