American Forest & Paper Association Releases November 2017 Boxboard Report

Pregis® expands its EasyPack® on-demand paper systems portfolio with three curbside-recyclable solutions that will be featured at Pack Expo 2024. These additions strengthen the comprehensive Pregis paper systems portfolio, which supports a wide range of in-the-box applications such as block and brace, cushioning, void fill, and wrapping. The company’s continued investment in paper-based solutions reinforces a commitment to sustainability by offering versatile systems designed for a wide range of applications. The on-demand Paper portfolio includes FSC® certified options, ensuring packaging is sourced in a socially and environmentally responsible manner. Each system is engineered to enhance packer productivity with safe, ergonomic designs that require minimal training. EasyPack Quantum Pro Void-Fill System: Launched in early 2024, the Quantum Pro enhances the proven Quantum platform with bladeless auto-tear technology and increased throughput, ideal for high-volume environments. It maintains the trusted performance, safety, reliability, and ease of use that customers expect. EasyPack Bantam Void-Fill System: Engineered for simplicity and efficiency, Bantam optimizes the packaging process with a streamlined design and a precise paper-cutting mechanism. The adjustable head allows quick reorientation and effortless loading, ensuring seamless in-the-box fulfillment. EasyPack GeoTerra Auto Dispenser: Building on the success of the manual GeoTerra dispenser, the new automatic model delivers a faster, more efficient solution tailored for high-volume operations. GeoTerra wrappable paper offers light cushioning and interleaving protection, while its aesthetic design enhances the unboxing experience.

Q2 2023 in brief • Net sales decreased 8% to EUR 1,052 million (EUR 1,147 million) • Comparable net sales growth at Group level was -2% and -2% in emerging markets • The impact of currency movements on the Group’s net sales was EUR -38 million and EUR -3 million on EBIT. Charles Héaulmé, President and CEO: “The market environment remained muted in the second quarter of 2023, as inflation affected consumption across categories and geographies. Destocking also continued to impact volumes during the second quarter, although at a lower level than during the first quarter. Our financial performance in the second quarter was in line with the first quarter of 2023, however it was soft compared to last year. Market conditions remained challenging, resulting in lower sales volumes. Our comparable net sales decreased by 2% in the second quarter but remained stable during the first half of the year. Adjusted EBIT decreased by 10% in the second quarter and 8% during the first half of the year, mainly due to lower sales volumes and the divested operations in Russia. Free cash flow continued to improve, reaching EUR 28 million during the second quarter and EUR 71 million during the first half of the year, driven by reduced working capital.

Green Bay Packaging Inc. (GBP) announced they will begin construction of a new 600,000 square foot corrugator plant in Fort Worth, Texas. Construction on the site is set to begin in the first quarter of 2022 and startup operation is scheduled for the second quarter of 2023. The new “super-plant” will be replacing GBP’s current 200,000 square foot corrugator plant in Fort Worth. GBP has operated a plant in Fort Worth for over 50 years. The new plant will be equipped with a new 110” Fosber corrugator and all new state-of-the-art high-speed flexo folder gluers and rotary die cutters.