Total Packaging Papers shipments were 230,900 tons, 4.7% higher than July 2016. Bag & Sack shipments were up 6.1% year-to-date, while Food Wrapping shipments were down 9.5% over the same period. The operating rate for July 2017 was 88.4%, in line with the year-to-date rate of 88.6%. Inventories were 173,100 tons, up slightly since June.
http://afandpa.org/media/news/2017/08/17/american-forest-paper-association-releases-july-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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As shoppers and retailers head back to more routine day-to-day activities following the holiday chaos, one activity that is likely to continue well into February is gift returns. Returns are a routine cost of doing business for online retailers as part of a positive user experience. But the holidays offer more significant challenges regarding returns, particularly when you add more brick-and-mortar stores to the situation. The National Retail Federation estimates consumers will return about 16.5 percent of their gifts. A UPS study puts that at around 23 percent - a quarter of the gifts given over the holidays. In cases where an item still has value after being returned, it is imperative to maintain the integrity of the product during shipment. The easiest way to do that is through effective packaging.
BASF and the Swedish packaging material manufacturer BillerudKorsnäs have developed a unique home-compostable paper laminate for flexible packaging. It can be used to produce wraps with individually adjusted barrier properties e.g. for cookies, ice cream, cereal bars and dairy items as well as wrappers for fish, meat and cheese freshly sold in supermarkets. And it is a solution that meets today’s requirement for sustainability by being organically recyclable. The multi-layer laminate consists of three basic components: BillerudKorsnäs‘ paper ConFlex® Silk, a sealing layer made of BASF’s certified home compostable and partly bio-based biopolymer ecovio® and BASF’s water-based adhesive Epotal® Eco 3675 X. All components are certified home-compostable according to official European certification schemes for home-composting. The laminate contains a high share of renewables and extends the end-of-life options for multi-layer flexible packaging by being organically recyclable. The new home-compostable solution has the same performance features as conventional multi-layer packaging: it is puncture resistant, shows a good printability, excellent heat-seal properties and can be processed on standard packaging machines.
Fourth Quarter Results Include (all results compared to the fourth quarter 2020 unless otherwise noted)(1): *Net income of $104.5 million or $1.74 per diluted Class A share compared to net income of $44.4 million or $0.74 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.4 million or $1.93 per diluted Class A share compared to net income, excluding the impact of adjustments, of $46.4 million or $0.78 per diluted Class A share. Adjusted EBITDA(3) increased by $56.8 million to $211.3 million. *Net cash provided by operating activities decreased by $63.1 million to $137.3 million. Adjusted free cash flow(4) decreased by $79.1 million to $94.8 million primarily as a result of inflationary raw material costs. *Total debt decreased by $261.4 million to $2,225.6 million. Net debt(5) decreased by $280.1 million to $2,101.0 million and decreased by $66.8 million sequentially from the third quarter of 2021. The Company's leverage ratio(6) decreased to 2.49x compared to 3.66x, within our targeted leverage ratio range of 2.0x - 2.5x.