Containerboard production was up 3.5 percent compared to March 2017 and up 0.5 percent year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher. The containerboard operating rate was 97.4 percent or 0.7 percentage points higher than the same month last year. Production for exports was 3.3 percent lower than March 2017 and 6.7 percent lower year-to-date.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-containerboard-report
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Mondi, a global leader in packaging and paper, is increasing capacity for their paper-based MailerBAG range to further replace plastic packaging in eCommerce with a recyclable solution made of responsibly sourced renewable materials. The innovative MailerBAG is now available in three designs, with the flat bottom version complementing the existing range of pinch and folded bottom bags, as each one offers consumers user-friendly packaging with multiple advantages. This includes easy closing for packing, expandability for bulkier goods, and easy resealing functionality for returns. The bags are made from kraft paper, a renewable material, and are completely re-usable and recyclable. MailerBAGs protect products without transporting too much air, meaning less space in storage and transit due to their flexible properties. The bags can be used and shipped worldwide.
Pactiv Evergreen Inc. announced that all required regulatory approvals have been received in connection with the Company’s previously announced definitive agreement to be acquired by Novolex® for $18.00 per share in cash. As a result, the transaction is now expected to close on April 1, 2025, subject to satisfaction of other customary closing conditions. Upon the completion of the transaction, Pactiv Evergreen will become a privately held company, and its common stock will no longer be listed on Nasdaq.
Third Quarter Highlights include (all results compared to the third quarter of 2019 unless otherwise noted): *Net income of $20.7 million decreased compared to net income of $62.7 million *Net cash provided by operating activities decreased by $6.5 million to $135.0 million. *Total debt decreased by $240.9 million to $2,637.6 million. Net debt(4) decreased by $263.6 million to $2,539.1 million and decreased $70.8 million sequentially from the second quarter of 2020.