HIGHLIGHTS *First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter of 2021. First quarter adjusted operating earnings* (non-GAAP) of $288 million ($0.76 per diluted share) compared with $301 million ($0.78 per diluted share) in the fourth quarter of 2021 and $198 million ($0.50 per diluted share) in the first quarter of 2021. *$40 million of earnings achieved from Building a Better IP initiatives *14% year-over-year revenue growth *First quarter cash provided by operations of $588 million *Share repurchases of $406 million *Actively pursuing strategic options, including a sale of equity investment in Ilim Group
American Carton Company, Mansfield, TX, has installed a six-color Komori Lithrone GX40 (GLX640) press with both conventional UV and UV LED to increase its folding carton print capacity. Folding cartons are the company’s primary product, and American Carton currently holds a number of globally-recognized certifications to meet the quality and U.S. FDA safety compliance requirements of its clients in the pharmaceutical, medical device, food, personal care products and retail markets. American Carton chose the GLX640 for its ability to meet both complex packaging requirements and high-end commercial print applications, making it possible to expand on what the company can offer its customers.
Key to American Carton’s success is the full range of services it offers, from design and prototyping through printing to die-cutting, embossing and finishing. General Manager, Trent Tucker, expects the GLX640 to become the company workhorse. He noted, “The UV allows us to do value-added specialty effects, whether it is raised UV or strike-through, and it also prints on non-absorptive substrates like foil. The GLX has so many features that are specific to folding cartons. One in particular is the ease with which it handles paperboard in the feed and delivery, versus a press that is really meant for paper but could run paperboard.”
more detail at source: https://whattheythink.com/news/101786-american-carton-expands-folding-carton-capabilities-new-komori-glx640/?utm_source=newsletter&utm_medium=email&utm_campaign=daily