American Forest & Paper Association Releases July 2020 Packaging Papers Monthly Report

First Quarter Overview: *EBITDA growth of 13% to €579 million with an EBITDA margin of 19.3% *ROCE of 21.6% *Net Debt to EBITDA ratio of 1.2x *Finalised exit from Russian business. Tony Smurfit, Group CEO, commented: “Smurfit Kappa is reporting another strong performance for the first quarter with EBITDA of €579 million, an EBITDA margin of 19.3%, a ROCE of 21.6% and a net debt to EBITDA of 1.2x. This performance reflects the continuing benefits of our integrated model, the effectiveness of our capital spend, our constant focus on innovation for customers and our geographic footprint.

We’re excited to announce the expansion of our air filtration packaging program with the addition of our new 77,000-square-foot facility in Tabor City, North Carolina! The air filtration industry is experiencing record demand… we’re here to help it with custom die-cutting, folding, gluing, and printing capabilities. Atlantic can produce nearly any design you need for your filter frames, whether that involves standard tooling or complex die cuts. Over the last 25 years, we have developed what we believe to be the premier program of products to supply the air filtration industry.

Amcor announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor’s commitment to support packaging circularity. The supply agreement would enable Amcor to purchase SYNDIGO™ rPE resin, manufactured at NOVA Chemicals’ first mechanical recycling facility in Connersville, Indiana, which is projected to be in operation as early as 2025. The recycling facility was announced in July as a significant expansion of NOVA Chemicals’ Circular Solutions business.