Containerboard production was up 3.6 percent compared to December 2016 and up 3.1 percent year-to-date. The month-over-month average daily production was 1.8 percent higher compared to November 2017. The containerboard operating rate for December increased from 96.9 percent to 98.9 percent, 2.4 percentage points higher than December of 2016 and production for exports was 3.3 percent higher than December 2016. Year-to-date production of containerboard for exports is up 4.1 percent.
http://afandpa.org/media/news/2018/01/16/american-forest-paper-association-releases-december-2017-containerboard-report
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Mondi, leading global packaging and paper group, has successfully completed the implementation of a new state-of-the-art paper sack converting machine at its Nyíregyháza site in Hungary. The machine – a Windmöller & Hölscher AD 8320 / AM 8115 – allows the plant to produce a new line of sophisticated paper sacks for food packaging. The site will be capable of producing more than 130 million sacks annually. The Mondi Nyíregyháza plant, which employs more than one hundred people, serves the Hungarian, Romanian, Austrian and Bulgarian market in many industries and sectors. It produces industrial paper sacks (open mouth and valve bags) for applications such as cement, building materials, food-feed-seed, chemicals and pharmaceuticals.
First Quarter Summary • Reported sales increased 17%, including the positive effect of currency rates (+10%) • Core sales, excluding currency effects, rose 7% driven by growth in each business segment • Reported net income (8% of net sales) increased 14% to $59 million • Adjusted EBITDA (19% of net sales) increased 17% to $134 million • Reported earnings per share grew 14% to $0.92 and included costs associated with our business transformation ($0.07 per share) • Adjusted earnings per share of $0.99 compared to prior year reported earnings per share of $0.81 (+22%) and to prior year currency adjusted earnings per share of $0.90 (+10%) • Business transformation progressing as planned. Click Read More below for additional information.
Sun Chemical has launched its SunLam™ De-seaming Adhesive for shrink-labeled containers. This new de-seamable adhesive helps recyclers improve recycled polyethylene terephthalate (rPET) yield without process changes. Developed in partnership, Sun Chemical and Eastman extensively tested SunLam on labels made with Eastman Embrace™ LV copolyester. It has received a “Responsible Innovation Acknowledgment” by the Association of Plastic Recyclers (APR) after passing stringent testing outlined by the APR. By changing from a traditional solvent to SunLam De-seaming Adhesive, shrink labels deseam and release during the whole bottle wash step of the wet recycling process, without sacrifice of label performance. The label removal occurs prior to color, infrared and manual sorting, thus preventing shrink-labeled PET bottles being removed from the rPET stream due to misidentification. Click Read More below for additional information.