Total Packaging Papers shipments were 235,900 tons, 1.7 percent lower than August 2016. Bag & Sack shipments were up 5.5 percent year-to-date, while Food Wrapping shipments were down 8.5 percent over the same period. The operating rate for August 2017 was 90.3 percent, while the year-to-date rate was 88.8 percent. Inventories were 168,600 tons, down slightly since July.
http://afandpa.org/media/news/2017/09/19/american-forest-paper-association-releases-august-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Total Containerboard production in June increased one percent compared to June 2019. It was up five percent when compared to the same six months of 2019. June 2020 production of containerboard for export increased five percent compared to the same month last year; it was up 34 percent year-to-date. The containerboard operating rate was 90.1 percent, up 1.8 points from June 2019 and up 3.9 points year-to-date. Mill inventories of containerboard at the end of June decreased 4,000 short tons from the previous month and were up 48,000 short tons compared to June 2019.
Third Quarter 2021 Results: Reported Results: For the third quarter 2021, the company recorded earnings from continuing operations of $0.48 per share (diluted) compared to earnings from continuing operations of $2.06 per share (diluted) in the prior year period. The current year earnings from continuing operations before income taxes were $127 million, compared to $376 million in the third quarter of 2020 which included an approximately $280 million net gain on the sale of O-I’s ANZ business unit. Segment Operating Profit1: Third quarter 2021 segment operating profit was $243 million compared to $204 million in the prior year period. While demand for glass containers remains strong, sales volumes (excluding divestitures) declined approximately 1 percent from the prior year. Higher segment operating profit was largely due to higher production levels, as well as strong operating performance and the benefits from the company’s margin expansion initiatives. Cash Flows: Cash provided by continuing operating activities was $306 million in the third quarter 2021, compared to $262 million in the prior year period. Third quarter 2021 free cash flow1 was $213 million compared to $205 million in 2020.
The U.S.-based nonprofit Food System 6 (FS6) announces the launch of a comprehensive startup program in partnership with global sustainable food packaging leader Huhtamaki. The Huhtamaki Circular Economy Startup Program by Food System 6 is designed to accelerate the development of young and promising companies working for a more sustainable future. It will focus on identifying and developing early-stage companies with innovative and promising sustainable solutions in areas such as waste diversion, sustainable packaging alternatives, new materials innovations, and regenerative production models. “Our program is happening at a critical time. The COVID-19 crisis has exposed the vulnerabilities that already existed in our fragile food system,” said Caesaré Assad, Chief Executive Officer of Food System 6. “We need solutions now that will support regeneration and circularity across agriculture, food distribution and production. By supporting entrepreneurs, we can rectify the problems that impact people and our planet to create a stronger, resilient, and equitable world.”