American Forest & Paper Association Releases December 2017 Containerboard Report

First Fiscal Quarter Highlights: *Net sales of $3.6 billion, a 14% increase *Operating income of $229 million; Operating EBITDA of $457 million *Diluted net income per share of $0.87; *Authorized new share repurchase plan of $1 billion; expect to repurchase at least $350 million of shares outstanding in fiscal 2022

Huhtamaki, a leading global provider of sustainable packaging solutions for consumers around the world, is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately USD 30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business. Production is expected to start ramping up in Q1 2025 and will be key to servicing the growth of existing customers and a growing list of up-and-coming customers throughout the Southern and Midwestern states. The Paris facility is uniquely positioned to meet the increased demand in the U.S. for more innovative and sustainable folding cartons which provide convenient, safe and hygienic food for busy consumers. The site is expected to employ up to 80 employees within the first three years.

Diversified Labeling Solutions, a national converter of pressure-sensitive labels, has expanded its RFID label business with the addition of a new Mark Andy flexographic press with an inline Tamarack RFID inserter. As a leading national label supplier, DLS has seen significant growth in the demand for RFID labels. To continue to meet customer demand, and bring RFID label conversion inhouse, DLS has installed a new 13” 4-color Mark Andy 2200 flexographic press with three die cutters, a perforation station and an inline Tamarack P500 RFID module. The new equipment is installed in DLS’ Itasca, IL facility and adds to DLS’s already significant production portfolio. With five nationwide locations, DLS maintains a fleet of over 50 presses including flexographic, UV digital, HP Indigo and hybrid printing equipment.