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
Sonoco has issued its 2021 Annual Report to Shareholders and announced the date for its 2022 Annual General Meeting. The annual report, entitled Better Than Ever details the Company’s 2021 financial results, its strategy and the complementary $1.35 billion acquisition of Ball Metalpack, a leading manufacturer of sustainable tin-plate food and aerosol containers, along with closures and packaging components. “Sonoco’s purpose is Better Packaging. Better Life. This means we are committed to creating sustainable packaging solutions that help build our customers brands, enhance the quality of their products and improve the quality of life for our stakeholders around the world,” Howard Coker, Sonoco President and Chief Executive Officer, wrote to shareholders. “We also believe our value-creation strategy – to be the benchmark company for yield and stability in the packaging industry – will make Sonoco Better than Ever.”
Key Points: *Revenue of €2.7 billion *EBITDA of €487 million with an EBITDA margin of 18.0% *Continuing corrugated box volume growth as anticipated *Highly successful bond offering of US$2.75 billion *Smurfit WestRock integration planning progressing well
A new infographic from the Flexible Packaging Association highlights how flexible packaging can help keep food fresher and prevent food waste.
According to the U.S. Department of Agriculture, approximately 40% of food is not consumed. The annual amount of food waste is 36 million tons, which is worth $162 billion.