Total Packaging Papers shipments were 223,400 tons, 1.6 percent lower than October 2016. Bag & Sack shipments are up 3.3 percent year-to-date, while Food Wrapping shipments are down 7.1 percent over the same period. The operating rate for October 2017 was 85.5 percent, while the year-to-date rate was 88.3 percent. Inventories were 167,800 tons, down slightly since September.
http://afandpa.org/media/news/2017/11/15/american-forest-paper-association-releases-october-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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• Net sales increased $65.0 million, or 16.5%, to $459.1 million vs. 1Q 2015
• Net income attributable to MPS increased $6.0 million, or 85.6%, to $13.0 million vs. 1Q 2015
• Earnings per share on a fully diluted basis increased to $0.21 per share vs. $0.11 per share for 1Q 2015
• Adjusted EBITDA increased $16.0 million, or 26.2%, to $77.2 million vs. $61.2 million for 1Q 2015
• Achieved Adjusted EBITDA margin of 16.8% vs. 15.5% for 1Q 2015
The two new containerboard production lines will be designed to produce high-quality testliner grades out of 100 percent recycled raw materials as the four production lines ordered last year. The start-ups of PM 43 and PM 45 are scheduled to take place within a few months' timeframe in 2019. The start-ups of the four previous production lines are scheduled to take place a few months apart from each other starting from mid-2018. PM 43 and PM 45 will produce testliner grades with a basis weight range of 75-140 g/m2. Click Read More below for additional information.
Fiber-based solutions offer more sustainable packaging options, including lower packaging weight creating less waste, package integrity and safety while building distinctive branding through packaging and offering diverse levels of protection. In addition, fiber-based packaging can reduce the overall impact on the environment, offering positive recyclability, repulpability, and at times compostable end-of-life scenarios. PurposeFil™ packaging products help meet multiple sustainability goals. Ahlstrom-Munksjö uses fiber from responsible and legal sources, and all PurposeFil™ products qualify for Chain of Custody Forestry Credits and Certification. The ultimate goal of PurposeFil™ packaging papers is to offer alternative packaging options to non-renewable substrates. “PurposeFil™ products are utilized in a wide variety of e-commerce packaging and retail packaging, in both primary and secondary packaging functions,” explained Zack Leimkuehler, Vice President of Ahlstrom-Munksjö’s Technical Solutions business. “There is so much diversity in the e-commerce and retail space, and we have the technical expertise and manufacturing flexibility to work with our customers to meet their unique performance requirements for their specific packaging structures.”