Containerboard production was up 0.7 percent compared to January 2017. The month-over-month average daily production compared to December 2017 was 2.9 percent lower. The containerboard operating rate was 97.2 percent, or 2.2 percentage points higher than January 2017. Production for exports was 10.5 percent lower than January 2017, which was the month with the second highest export volume in 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-containerboard-report
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Summary: *Generated $166 million of operating cash flow and $80 million of Free Cash Flow *Achieved net income attributable to Sonoco of $65 million; higher productivity of $51 million partially offset price/cost pressures and lower volumes *Completed the sale of Protective Solutions on April 1, 2024, as part of our strategy to simplify our portfolio and used the majority of the $82 million cash proceeds to pay down debt *Entered a Virtual Power Purchase Agreement (“VPPA”) to contract a significant portion of Sonoco’s expected U.S. electricity consumption in 2025 and support Sonoco’s emissions reduction goals
Summary: *Achieved GAAP net income attributable to Sonoco of $91 million, Adjusted EBITDA of $262 million, diluted earnings per share of $0.92 and diluted Adjusted earnings per share of $1.28 *Generated strong productivity of $51 million during the second quarter and $102 million during the first half of 2024 *Generated $275 million of operating cash flow and $96 million of Free Cash Flow during the first half of 2024 *Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately $3.9 billion; expected to be completed in the fourth quarter of 2024. “Sonoco delivered solid second quarter results with sequential growth in adjusted EBITDA and EPS,” said Sonoco’s President and CEO, Howard Coker. “While the pace of Consumer volume recovery remains muted, we were pleased to see low single digit organic volume improvements in Industrials. Importantly, productivity was $51 million in the second quarter bringing our first half 2024 total to $102 million, well ahead of our full year outlook. Our assertive actions to improve productivity from value creating capital and portfolio simplification has continued to yield results. In addition, we continued executing on our disciplined and dynamic capital deployment strategy by investing in capital and innovation projects while returning capital to shareholders.”
Solenis, a leading global provider of water and hygiene solutions, released its 2024 Sustainability Report, marking the first edition that combines information and data from Diversey. Solenis acquired Diversey Holdings, Ltd. in 2023 and now operates as one integrated company with aligned sustainability policies. “With the integration of Diversey and the addition of more than 9,000 employees to the Solenis team, we finished 2024 as one united company on a clear path to make a real and lasting positive impact on our customers, our employees and our world,” said CEO John Panichella. “We continue to embrace and enhance our own transparency around sustainability, while as a partner we are uniquely able to help customers achieve their sustainability and operational goals.” Along with the report, Solenis unveiled a new sustainability-focused website at sustainability.solenis.com, underscoring its ESG initiatives and activities that add sustainability value for customers.