Total Packaging Papers shipments were up 3.0 percent compared to May 2017 but down 0.2 percent year-to-date. Bag & Sack shipments were essentially flat year-to-date, Multiwall shipments were down 3.3 percent, Converting shipments were down 0.4 percent and Food Wrapping shipments were up 3.5 percent. The operating rate for May increased to 94.5 percent from 92.9 percent in April. Inventories were down 3.6 percent since April.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Mondi has teamed up with the UK’s number 1 frozen food retailer to provide renewable, recyclable packaging in a move that further validates Mondi’s approach of using “paper where possible, plastic when useful”. Iceland is replacing its previous packaging with Mondi’s versatile functional barrier paper across a number of its ranges. The first newly packaged product to hit the shelves earlier this month was the retailer’s frozen chicken dippers, which reduces the amount of plastic used per year by 80%. The functional barrier paper is made from renewable resources with Mondi managing the paper production and coating in-house, providing a fully integrated solution. It is easy for consumers to recycle the paper in existing waste streams and as paper is the most widely recycled material in the world - 74% of paper and 83% of paper-based packaging in Europe are recycled – the solution ensures that the paper can be recycled at the end of its life, contributing to a circular economy.
Q4 2021 in brief •Net sales increased 23% to EUR 999 million (EUR 813 million) •Adjusted EBIT was EUR 82 million (EUR 73 million); reported EBIT was EUR 84 million (EUR 48 million) •Adjusted EPS was EUR 0.54 (EUR 0.48); reported EPS was EUR 0.56 (EUR 0.30) •Comparable net sales growth was 12% at Group level and 19% in emerging markets •The impact of currency movements was EUR 24 million on the Group’s net sales and EUR 2 million on EBIT. Q1-Q4 2021 in brief •Net sales increased 8% to EUR 3,575 million (EUR 3,302 million) •Adjusted EBIT was EUR 315 million (EUR 302 million); reported EBIT was EUR 296 million (EUR 265 million) •Adjusted EPS was EUR 2.07 (EUR 1.95); reported EPS was EUR 1.91 (EUR 1.69) •Comparable net sales growth was 7% at Group level and 13% in emerging markets •The impact of currency movements was EUR -54 million on the Group’s net sales and EUR -6 million on EBIT •Capital expenditure was EUR 259 million (EUR 223 million) •Free cash flow was EUR -26 million (EUR 207 million)
Total Containerboard production in May increased one percent compared to May 2019. It was up six percent when compared to the same five months of 2019. May 2020 production of containerboard for export increased 42 percent compared to the same month last year; it was up 41 percent year-to-date. The containerboard operating rate was 90.3 percent, essentially flat (-0.2 pts.) from May 2019 and up 4.4 points year-to-date. Mill inventories of containerboard at the end of May increased 39,000 short tons from the previous month and were up 77,000 short tons compared to May 2019.