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
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Atlantic Printing & Graphics has a legacy of meeting our customers needs and growing right alongside them. As our customers’ product lines gain in popularity, we’ve been able to expand our capacity to stay right in step with them. Our latest example of this commitment is the installation of new KBA Wide Format Printer and Bobst Die Cutter. We’ve always operated on a traditional printing press format – 28 x 40 – but we saw an opportunity this past year to branch out and enter new markets. With the KBA 6 color printer, we can print 47.25 x 63.50. This is significantly larger and gives us a whole new capacity and output. We installed the Bobst Die Cutter to support the materials we’re creating on the KBA printer. These pieces of equipment together are incredible and put Atlantic Printing & Graphics in a whole new playing field. We are set up to service and support our current and new large customers with their needs for printing, folding cartons, and much more.
Atlantic Packaging, one of North Carolina’s largest privately held companies, headquartered in Wilmington, announced today that management is awarding $1,000 bonuses immediately to full-time employees. Nearly 1,000 Atlantic employees will…
For the second quarter ended June 30, 2017, net sales were $12,812,000 down 9.5% from net sales of $14,151,000 for the Second Quarter 2016. For the six month period ended June 30, 2017, net sales were $28,171,000 down 4% from net sales of $29,355,000 for the same period of 2016. The second quarter net loss was ($526,000) or ($0.15) per share basic, ($0.14) per share diluted, compared to a 2016 second quarter net loss of ($83,000) or ($0.02) per share. For the six month period ended June 30, 2017, there was a net loss of ($468,000) or ($0.13) per share compared to a net loss of ($76,000) or ($0.02) per share for the same period of 2016. Click Read More below for additional detail.