Total Packaging Papers shipments were 207,700 tons, 3.1 percent lower than February 2017. Bag & Sack shipments were down 8.6 percent year-to-date and Multiwall shipments were down 14.5 percent, while Food Wrapping shipments and Converting shipments were both down less than 1 percent. The operating rate for February increased to 88.5 percent from 84.3 percent in January. Inventories were 175,600 tons, up 2.2 percent since January.
http://afandpa.org/media/news/2018/03/16/american-forest-paper-association-releases-february-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
Related Posts
Pregis, a leading global manufacturer of protective and flexible packaging solutions, has acquired Danco Converting, Carol Stream, Illinois, from its privately-held owners. As Pregis continues to grow its manufacturing footprint, both organically and through acquisition, bringing Danco’s paper converting capabilities and diverse offering into its portfolio will further enhance the company’s vertical integration strategy. Further, the paper converting acquisition is another demonstration of Pregis’ commitment to its previously announced 2K30 sustainability objectives. For more than a decade, the company has brought to the marketplace a portfolio of products that address environmental concerns, as well as deliver protective attributes critical for damage-free delivery of products to consumers. The Danco acquisition will enable Pregis to add complementary curbside recyclable products to its offering and support the explosive demand for paper solutions.
Fourth Quarter Highlights Include (all results compared to the fourth quarter 2019 unless otherwise noted): Net income of $44.4 million or $0.74 per diluted Class A share decreased compared to net income of $65.0 million or $1.09 per diluted Class A share. Net cash provided by operating activities increased by $5.0 million to $200.4 million. Adjusted free cash flow(3) increased by $23.7 million to $173.9 million. Awarded a Gold Rating in sustainability performance for the third consecutive year by EcoVadis. Fiscal Year Highlights Include (all results compared to the fiscal year 2019 unless otherwise noted): Net income of $108.8 million or $1.83 per diluted Class A share decreased compared to net income of $171.0 million or $2.89 per diluted Class A share. Net cash provided by operating activities increased by $65.2 million to $454.7 million. Adjusted free cash flow increased by $78.4 million to $346.2 million.
Oji Holdings Corporation, a leader in the pulp and paper industry of Japan, decided to start-up a new containerboard machine at Paperboard & Packaging Sdn Bhd (GSPP) located in Malaysia. The company plans to commence the operation in April 2021. According to the announcement, by starting a new container manufacturing machine, Oji wants to be able to respond to the mentioned business, business and business expansion. The investment into 450ktpa machine accounts for around JPY 35 billion (including containerboard machine and equipment for energy supply and water treatment). The machine will produce liner, corrugating medium.