Total boxboard production increased 2.4 percent when compared to February 2017, but decreased 4.8 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago, but decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to February 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to February 2017 and decreased when compared to last month.
http://afandpa.org/media/news/2018/03/19/american-forest-paper-association-releases-february-2018-boxboard-report
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Stora Enso acquires De Jong Packaging Group, based in the Netherlands, for an enterprise value of approximately EUR 1,020 million. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. De Jong Packaging Group is one of the largest corrugated packaging producers in the Benelux countries. Its product portfolio and geographic presence will complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging. The acquisition of De Jong Packaging Group will significantly strengthen Stora Enso’s European market presence in corrugated packaging and provide an entry into the Netherlands, Belgium, Germany and the UK. With this acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. This will secure a platform for continued growth in key markets. The European corrugated packaging market is fragmented, with local presence key for sustainable growth.
Highlights • Strong financial performance, good momentum ◦ Higher sales volumes, higher average selling prices and effective cost control ◦ Underlying EBITDA of €709 million, with margin of 19.5% ◦ Cash generated from operations of €552 million ◦ Balance sheet at 1.5x net debt to underlying EBITDA • Investing through-the-cycle ◦ Completed acquisition of Olmuksan, strengthening our position in the fast growing Turkish corrugated market (€88 million on an implied 100% EV basis) ◦ Good progress on capital investment projects, delivering growth, sustainability benefits and enhanced cost competitiveness (€286 million capital investments in the period) ◦ Approved €125 million upgrade and expansion of Kuopio containerboard mill (Finland) and further investment in corrugated plants to support strong growth in eCommerce • Launched Mondi Action Plan 2030 (MAP2030), our sustainability framework for the next decade • Signed €750 million revolving credit facility aligning financing with MAP2030 and extending debt maturity profile • Interim dividend declared of 20.0 euro cents per share • Well-positioned for growth in packaging markets, with cost-advantaged asset base, strong financial position and unique portfolio of sustainable solutions
Pregis joined 1% for the Planet, pledging to donate one percent of sales of its Inspyre brand products to support nonprofit organizations. 1% for the Planet is a global organization with a mission to inspire businesses and individuals to support approved environmental nonprofits to build a better world and future for all. Pregis introduced its Inspyre brand in 2018 with the mission of providing customers with the option to choose packaging that does good for the world. Since the introduction, Pregis has donated a portion of the proceeds of these products, including Inspyre hybrid cushioning with water blue color tint and tissue paper packaging, to Uzima Clean Water Mission. The company plans to expand the Inspyre product offering to increase its global impact. Uzima provides water filters, hygiene kits and education to communities across the world to overcome water insecurities improving overall wellness in those communities through access to clean water.