Total boxboard production increased 6.3 percent when compared to May 2017 and increased 2.3 percent from last month. Unbleached Kraft Boxboard production decreased over the same month a year ago and decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to May 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to May 2017 but increased when compared to last month.
http://afandpa.org/media/news/2018/06/19/american-forest-paper-association-releases-may-2018-boxboard-report
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Trioworld, a leading supplier of innovative, high-performance plastic film solutions, announces two new divisions – Division Retail and Division Recycling. Division Carrier bags, based in Arvika, Sweden, merges into the new Division Retail. Six divisions become seven as an adjustment to accelerating growth in line with the M&A strategy as well as the increasing focus on circular solutions and expanded recycling capacity. Division Retail is headed by Niklas Agevall, former Business Director Bags & Sacks. Oskar Karlsson, Vice President Sustainability and CPO, will lead Division Recycling. “We are refining our governance model to better fit the accelerating growth as well as our focus on circular solutions. The new Recycling division is an important component in our overall product offering to our customers, ensuring high-quality PCR to all product categories with Loop alternatives. It includes Trioworld Korsberga, which will be the hub for recycling of industrial stretch film along with the current recycling lines for silage film, says Andreas Malmberg, CEO, Trioworld Group. “Division Retail gathers a strong product portfolio including refuse bags and sacks as well as carrier bags, bin bags and building film.” Trioworld now operates under the following structure: Consumer Packaging Division, Health Care Division, Industrial Film Division, Recycling Division, Retail Division, Stretch Film Division and North America Division.
Summary *Strong performance and cash flows despite operating in a generally disruptive demand environment *Most of our businesses were at or above expectations for the quarter due to commercial and operational excellence, with particular strength in the flexible packaging and rigid paper container businesses, offset by weakness in the metal packaging and industrial North American region businesses *Inventory management and destocking trends among our customers as well as inflationary pricing pressures led to lower and increasingly uncertain demand which impacted operational efficiency in our metal and industrials businesses *Remained disciplined in managing working capital to generate $349 million of operating cash flow in the first six months of 2023
Third Quarter 2020 Highlights (as compared to third quarter 2019): • Revenue increased 10.0% to $323.0 million primarily due to increased demand in products with significant ecommerce end market exposure including water-activated tape and protective packaging. • Gross margin increased to 26.0% from 21.8% primarily due to effective management of the spread between selling prices and combined raw material and freight costs, and favorable plant performance from both increased production to meet demand and continued cost savings initiatives implemented in the prior quarter. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") increased $14.2 million to $26.7 million ($0.45 basic and diluted earnings per share) primarily due to an increase in gross profit, partially offset by an increase in selling, general and administrative expenses ("SG&A") due to an increase in the fair value of cash-settled sharebased compensation and an increase in income tax expense mainly driven by improved profitability in 2020.