LEIPA Group CEO Peter Probst: “We look forward to growing successfully with our customers and partners. The demand for White Top Liner remains consistently high and the trend is rising. Prices are at a high level as well. These factors result in excellent conditions for the market launch of the PM 5.” As an international market leader LEIPA will have developed a one-stop shop for their customers with the PM 3 and PM 5, offering an annual total capacity of 700,000 tons of coated and uncoated White Top Testliner. Christian Schürmann, COO of LEIPA Georg Leinfelder GmbH said: “The entire project team has done a great job rebuilding the PM 5. We will produce a state-of-the-art testliner on this machine – the world’s most powerful of its kind – and start with our first deliveries in April.” Click Read More below for additional information.
Total packaging papers shipments were down 7.2 percent from May 2018 and down 2.4 percent year-to-date. Bag and sack shipments were down 0.6 percent year-to-date; multiwall shipments were down 7.5 percent; food wrapping shipments were essentially flat; and converting shipments were down 2.8 percent. The operating rate for May decreased to 85.2 percent compared to 88.4 percent in April. Inventory levels decreased 2.3 percent from April.