Containerboard production was up 1.5 percent compared to May 2017 and up 0.8 percent year-to-date. The month-over-month average daily production compared to April 2018 was 1.5 percent higher. The containerboard operating rate was 98.5 percent, 1.4 percentage points higher than the same month last year. Production for export was 3.6 percent lower than May 2017 and 5.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-containerboard-report
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Metsä Group is conducting a pre-study related to the construction of a first commercial mill for producing Muoto™ packaging products on its Rauma mill site, Finland. The goal is to determine the mill’s technical feasibility and economic profitability. It is envisioned that the mill will produce Muoto fibre-based packaging tailored to various uses in people’s daily lives. Muoto is a wood-based alternative to plastics and aluminium in food packaging, for example. In addition to being easy to mould in different shapes, Muoto is lightweight, strong and recyclable. Muoto products have been developed at the joint demo plant of Metsä Group’s innovation company Metsä Spring and Valmet in Äänekoski, Finland, since May 2022. The demo plant has conducted parallel development of the fibre-based packaging and an entirely new production method that converts wood fibre into safe packaging while saving raw material, energy and water.
The 33.9 million euro investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity as part of our ambitious growth strategy in the East European market. Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste. The investments support our customers’ growing demand for sustainable packaging innovations and align with our Now & Next Sustainability Strategy to deliver the circular economy.
Sonoco announced it has signed a definitive agreement to acquire Highland Packaging Solutions for approximately $150 million in cash. Highland is a privately owned producer of thermoformed plastic packaging for fresh produce and dairy products, based in Plant City, Fla. The transaction is subject to normal regulatory review and is expected to close in the second quarter of 2018. Owned by Steve Maxwell, Chief Executive Officer, and John Durham, along with select members of the company’s leadership team, Highland has grown from a regional supplier of agriculture packaging products into a global packaging company with 2017 net sales of approximately $90 million. The Company has approximately 425 employees operating a world-class production facility in Plant City producing a total packaging solution for customers that includes sophisticated engineered containers, flexographic printed labels and inventory management through distribution warehouses in the Southeast and West Coast of the United States. Click Read More below for additional information.