American Forest & Paper Association Releases June 2021 Containerboard Monthly Report

International technology group ANDRITZ has received an order from DS Smith to supply a complete stock preparation line and an innovative reject treatment system for the mill in Porcari that produces new packaging papers from 100% recycled paper. The equipment provided by ANDRITZ will be used on the new paper machine, due to start up mid-2025, that will provide a range of paper grades for the FMCG and e-commerce sectors serviced by DS Smith. Stefano Andreotti, Project Manager at DS Smith, says: “The new equipment from ANDRITZ, as well as helping us to recover more water, will help us capture, clean and use fibres that would normally get rejected in the paper making process, so they can be once again used in our recycling loops.”

Highlights - Nine Months Ended March 31, 2022 • Net sales of $10,635 million, up 13%; • GAAP Net Income of $696 million, up 2%; GAAP earnings per share (EPS) of 45.6 cents per share, up 4%; • Increasing returns to shareholders: quarterly dividend increased to 12.0 cents per share; $600 million ofshare repurchases expected in fiscal 2022; RoAFE increased to 16%; and • Fiscal 2022 outlook for adjusted EPS growth raised to 9.5-11% on a comparable constant currency basis(previously 7-11%). Adjusted Free Cash Flow of approximately $1.1 billion.

Transcendia is excited to announce it is breaking ground on a 52,000 square foot manufacturing expansion at its Hebron, OH location as part of its ongoing commitment to investing in barrier film technologies. The new building will be equipped with additional multilayer blown and cast film lines, specialty converting equipment and a new testing lab dedicated to supporting new barrier applications in the food, pharmaceutical and industrial film markets. Upon completion, the Hebron, OH facility, with its ISO 9001:2015 certified quality systems, SQF certification and class 7 clean room capabilities, will have a total footprint of 84,000 square feet. The new building will complement existing barrier extrusion capabilities, including Transcendia’s most recent seven-layer blown film asset capable of producing films up to 78” wide with thicknesses between 1.0 – 10.0 mil. In addition to multiple asset investments, Transcendia will be adding to its application and process engineering team to provide additional technology resources for customers’ new application development. To support the expansion and 24/7 operation, Transcendia will hire approximately 36 new associates including machine operators, material handlers, maintenance technicians and supervisors.