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.
http://afandpa.org/media/news/2018/05/17/american-forest-paper-association-releases-april-2018-containerboard-report
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Net income for the first six months of 2020 was $135.8 million, as compared to net income of $77.7 million, for the first six months of 2019. Net sales for the first six months of 2020 increased $86.5 million, or 4.1 percent, to $2.21 billion as compared to $2.12 billion for the first six months of 2019. This increase was primarily a result of higher volumes in each of the businesses, including the impact from acquisitions, and a more favorable mix of products sold in the closures business, partially offset by the pass through of lower raw material costs across all businesses, a less favorable mix of products sold in the metal and plastic container businesses and the impact of unfavorable foreign currency translation.
At EUR 1,903.5 million, the Group's consolidated sales almost reached the previous year's level (1-3Q 2019: EUR 1,924.3 million). At EUR 169.3 million, the operating result was 13.4% or EUR 26.3 million below the previous year's figure (1-3Q 2019: EUR 195.6 million). This includes one-time expenses of EUR 57.5 million from adjustments necessary for market and structural reasons as well as the termination agreement with the former CEO. Of this, EUR 38.5 million are attributable to the cartonboard division and EUR 19.0 million to the packaging division. As a result, depreciation rose from EUR 101.6 million to EUR 137.8 million. The Group's operating margin was 8.9% (1-3Q 2019: 10.2%).
Nestlé recently announced that its well-known brand, Smarties, will be using recyclable paper packaging for all of its products worldwide! This represents a transition of 90% of the Smarties range, as 10% was already packed in recyclable paper packaging. The rollout of the new material, which will be complete in the UK and Ireland by April, makes Smarties the first global confectionery brand to move to paper packaging, removing approximately 250 million plastic packs sold worldwide every year. The innovative new designs includes sharing bags, multipacks and giant hexatubes made from coated paper, paper labels or carton board, all produced from sustainably sourced and recyclable material. Alexander von Maillot, Global Head of Confectionery at Nestlé, said: “Moving Smarties packaging to recyclable paper is one of our key sustainable packaging initiatives in the confectionery category. It is a further step in realising Nestlé’s ambition to make all of our packaging recyclable or reusable by 2025 and to reduce our use of virgin plastics by one-third in the same period.”