Total Packaging Papers shipments were 222,200 tons, 3.4% lower than September 2016. Bag & Sack shipments were up 3.8% year-to-date, while Food Wrapping shipments were down 7.8% over the same period. The operating rate for September 2017 was 87.9%, while the year-to-date rate was 88.7%. Inventories were 168,300 tons, down slightly since August.
http://afandpa.org/media/news/2017/10/18/american-forest-paper-association-releases-september-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Net sales of $1.33 billion decreased 1% as reported, with EMEA decreasing 6%, APAC decreasing 3% and the Americas up less than 1%. Net earnings were $83 million, or $0.57 per diluted share, as compared to net earnings of $63 million, or $0.44 per diluted share. The current year results were impacted by $29 million of Special Items expense, including $22 million of restructuring and other associated costs related to the cost take-out to grow program ("CTO2Grow Program"). The prior year results were impacted by $44 million of Special Items expense, $30 million of which related to the Liquibox acquisition. Income tax expense was $36 million, resulting in an effective tax rate of 30.0% in the quarter. This compares to an income tax expense of $34 million in the prior year period, or an effective tax rate of 35.0%. The lower effective tax rate is primarily driven by lower accruals for uncertain tax positions in the current year.
Q1 2022 in brief: • Net sales increased 31% to EUR 1,050 million (EUR 802 million) • Comparable net sales growth was 19% at Group level and 19% in emerging markets • The impact of currency movements was EUR 35 million on the Group’s net sales and EUR 3 million on EBIT
Oji Holdings announces that Oji Group's paper was adopted by Nestle in Malaysia as 3rd market for replacement of plastic package to paper package as a solution to reduce plastic for one of the biggest sustainability issues the world is facing today. We highly appreciate Nestle's considerate commitment towards creation of sustainable society. At the same time we will maintain supporting Nestle's action as a packaging material supplier. As environmental statements were made at G20 summit which was held in Osaka in June 2019, the need to replace plastic with paper for the purpose of environment protection is increasing all over the world. Oji Group would like to engage in SDGs by supply of environmental friendly products together with our clients' actions.