Containerboard production was down 3.0 percent compared to February 2017 and down 1.1 percent year-to-date. The month-over-month average daily production compared to January 2018 was 3.2 percent lower. The containerboard operating rate was 94.1 percent, or 3.1 percentage points lower than the same month last year. Production for exports was 6.0 percent lower than February 2017 and 8.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/03/16/american-forest-paper-association-releases-february-2018-containerboard-report
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Metsä Group’s innovation company Metsä Spring and Valmet are building a demo plant in Äänekoski. The plant will manufacture new 3D fibre products for food packaging and other purposes. The demo plant reached its full height on 23 March 2021 with construction work proceeding as planned. The main equipment delivered by Valmet will be installed in the autumn 2021, and the first test runs should begin at the end of 2021 – approximately 12 months after the start of the construction. “The demo plant will test the production of new 3D fibre-based packaging. New packages will be tested with different partners to receive feedback on their market feasibility,” says Veli-Matti Hulkko, Technology Manager at Metsä Spring. The advanced production process is efficient and flexible. Wood fibre from Metsä Group’s mills could be used to produce large volumes of completely ready packages for different purposes.
Pregis celebrated production start-up at its new 265,000 square foot manufacturing facility in Arlington, Texas with a ribbon cutting attended by the city’s mayor The Honorable Jim Ross. The new facility is now producing the Pregis EverTec™ mailer which is a durable, lightweight, curbside recyclable, paper cushioned, shipping solution. Pregis is currently employing 75 people in Arlington with plans to scale up to 105 over time. Pregis acquired the technology to manufacture the envirotech shipping solution in October 2020 with the goal to scale the production of the curbside recyclable product to meet consumer demand. The company self-manufactures the proprietary equipment used to produce the mailers. The new capacity in Arlington is in addition to the recently announced facilities in Bethel, Pennsylvania and McDonough, Georgia, as well as the Elk Grove Village, Illinois facility. The company is expanding with additional sites to serve strategic geographic markets which will create approximately 450 new jobs, in total.
Net sales were $1.8 billion in the second quarter of 2022, up from $1.7 billion in the prior year quarter. Unfavorable foreign currency translation impacted sales by $95 million and $11 million of lower sales was due to divestitures. Higher average selling prices contributed $208 million to sales. Shipments (in tons, excluding divestitures) improved approximately one percent while sales declined $1 million due to the net effect of higher sales volume and a slightly unfavorable change in mix. Other sales improved $17 million driven by higher machine part sales. Segment operating profit was $257 million in the second quarter of 2022 compared to $232 million in the prior year quarter.