Containerboard production was up 0.7 percent compared to April 2017 and up 0.7 percent year-to-date. The month-over-month average daily production compared to March 2018 was 0.5 percent lower. The containerboard operating rate was 98.3 percent, 2.5 percentage points higher than the same month last year. Production for exports was 3.0 percent lower than April 2017 and 5.8 percent lower year-to-date.
Cosmo Films will re-commence the installation of a speciality polyester films line (BOPET) by the second quarter of 2022-23. The new line will be commissioned at the Waluj plant site in Aurangabad, Maharashtra, India with a capacity of 30,000 MT per annum. This plant already houses BOPP lines, extrusion coating lines, chemical coating lines, metallizers and a CPP line. The new production line will complement the existing BOPP capacity of 200,000 MT per annum and allow Cosmo Films to offer a more comprehensive speciality product basket for flexible packaging, labeling, lamination and industrial applications. The project cost is estimated to be 300 crore INR (41 million USD), which will be financed through a mix of internal accruals and loans.
Metsä Group’s innovation company Metsä Spring and Valmet have decided to continue the development collaboration related to 3D fibre products and hence, to invest jointly approximately EUR 20 million in a new R&D project. As part of the project, a greenfield pilot plant will be built on Metsä Group’s mill site in Äänekoski, Finland. When operational, the pilot plant will employ roughly 10 persons. The technology applied in the pilot plant converts wet wood pulp into final 3D fibre products without any intermediate steps. In other words, the new environmentally-friendly 3D fibre products are ready to be shipped to end customers as such. “Our objective is to develop a novel wood-based 3D fibre product, which can replace, for instance, packages made out of fossil raw materials. The pre-study phase with Valmet was a success. We have thus decided to accelerate the pace of development by constructing a pilot plant. I believe that our possibilities for developing a new significant added-value product for the Finnish forest industry are good”, says Jarkko Tuominen, head of the project at Metsä Spring.
Mondi has helped Spanish retail chain Alvaro Moreno to save almost 90 tonnes of plastic per year by switching from plastic to paper shopping, online delivery and gift bags. In the past, Alvaro Moreno used more than 3.7 million plastic bags and containers per year. By switching to paper packaging for its bags and thus reducing its plastic consumption, the company is demonstrating its commitment to sustainability. All three bags are recyclable and made from Mondi’s Advantage and EcoVantage product ranges using renewable and responsibly sourced materials. EcoVantage is Mondi’s newest paper range created with fresh pulp and recycled fibres, providing a high-quality printing surface to feature the brand’s distinct white logo and promote the sustainability benefits for its customers.