Containerboard production was up 5.1 percent compared to October 2016. The month-over-month average daily production compared to September 2017 was 3.1 percent higher. The containerboard operating rate for October increased from 95.9 percent to 101.3 percent, which was 6 percentage points higher than October of last year. Year-to-date production of containerboard for export is up 3.5 percent, with the October volume surging 16.2 percent above the same month last year.
http://afandpa.org/media/news/2017/11/15/american-forest-paper-association-releases-october-2017-containerboard-report
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Mondi, a global leader in packaging and paper, is expanding its unique range of medium, high and very high-barrier paper-based packaging to support customers on their journey to use more sustainable packaging solutions. Thanks to Mondi’s extensive research and development activities, expertise in both paper and plastic as well as investments in new technology and increased capacity, the company has further evolved its portfolio and now offers a full range of FunctionalBarrier Papers to customers. By applying different barrier technologies, such as extrusion coatings, aqueous coatings and other very high barriers, this range of paper-based packaging solutions is fit for purpose and can be used for a variety of applications. The medium barrier solution, designed for industrial, eCommerce and personal care packaging, offers high sealability and medium water vapour protection, while the high barrier functional paper offers a medium oxygen and water vapour barrier, as well as a high grease and mineral oil barrier for frozen foods and chocolates. The very high barrier solution, for consumer food products such as coffee, cereals and confectionery, provides excellent product protection from water vapour and oxygen and ensures a long shelf life.
Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. John Steitz, Tredegar’s president and chief executive officer, said, "Our ongoing operations for the third quarter were disappointingly at the break-even level due to low profitability at Bonnell Aluminum from unfavorable cost events, including manufacturing inefficiencies. On the favorable side, net new orders were up 7% over the second quarter but with margin pressures from imports and excess industry capacity." Mr. Steitz continued, "Regarding the trade case brought by a coalition of aluminum extruders and the United Steelworkers against 14 countries, we were very disappointed by the split negative vote by the U.S. International Trade Commission and the surprising recusal of one of its members. The USITC decision on October 30 indicated that it believes the industry was not materially injured by reason of the subject imports, despite preliminary determinations by the U.S. Department of Commerce of pricing below fair value and receiving unfair subsidies. The coalition is evaluating next steps for challenging the decision."
Smurfit Kappa has harnessed its experience in eCommerce and sustainability to help a prestigious vineyard in the UK tap into the flourishing online wine space. The Kingscote Estate and Vineyard in West Sussex, which sells a range of fine wines through its ‘The Wine Caverns’ sub-brand, needed a sustainable packaging solution to drive online sales and reflect the premium nature of its brand. Smurfit Kappa utilised the eCommerce insights, knowledge and data that sit behind its eBottle portfolio as the starting point for the collaboration. The portfolio has a range of single bottle, multi-bottle and bag-in-box solutions designed to protect fragile liquid products throughout all stages of the supply chain.