Total Packaging Papers shipments were 219,200 tons, 9.5 percent lower than January 2017. Bag & Sack shipments were down 13.4 percent month-over-month and Multiwall shipments were down 19.0 percent. Food Wrapping shipments were up 0.4 percent. The operating rate for January was 84.3 percent, the second lowest over the last 13 months. Inventories were 171,800 tons, up 3.6 percent since December 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
Related Posts
Graphic Packaging Holding Company announced that its wholly owned subsidiary, Graphic Packaging International, Inc., has completed the previously announced acquisition of substantially all the assets of Carton Craft Corporation and its affiliate Lithocraft, Inc.
For many craft brewers, the limited volumes produced have presented an obstacle in being able to make the transition to aluminium cans, as many can manufacturers require minimum order volume quantities which are out of scope for many craft businesses. For Pinthouse, a Texas craft brewery, there has been no such problem. The company has been able to utilise CANPACK’s on-going partnership with Gamer Packaging, a provider of full-service custom packaging solutions. In turn, CANPACK has been tasked with producing cans that enhance the refreshed branding of Pinthouse’s two premium IPA beers. These beautifully creative cans are produced at CANPACK’s new, state-of-the-art beverage can plant in Olyphant, Pennsylvania, which uses an innovative 8-colour can printing process.
"With the shift into two verticals, Food and Protective, and the onboarding of new leadership, we have positioned Sealed Air for long-term success," said Patrick Kivits, Sealed Air's CEO. "Over the coming months, we are focused on operationalizing each vertical and finalizing the long-term growth strategy for each business. In parallel, we are stepping up our cost take-out initiatives to right-size each business and improve profitability until our transformation takes hold." "While our third quarter results were ahead of expectation, the strength of our Food business continues to be offset by continued softness in our Protective portfolio. As a result, we are maintaining the midpoint of our Sales and Adjusted EBITDA guidance," said Dustin Semach, Sealed Air's President and CFO. "We continue to improve underlying cash generation fundamentals, optimize our debt and tax rate, and as a result, we are raising our guidance for Free Cash Flow and Adjusted EPS for the year."