American Forest & Paper Association Releases September 2017 U.S. Packaging Papers & Specialty Packaging Monthly Report

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning July 15, 2021. Sonoco said the price increase was in response to continuing strong demand across its U.S. and Canada mill network which has driven order backlogs to near historical levels as well as stepped up inflationary pressures from energy, freight, papermaking chemicals and packaging materials.

Adjusted operating earnings in the third quarter of 2017 were $449 million or $1.08 per share compared with $270 million or $0.65 per share in the second quarter of 2017 and $380 million or $0.91 per share in the third quarter of 2016. Quarterly net sales were $5.9 billion in the third quarter of 2017 compared with $5.8 billion in the second quarter of 2017 and $5.3 billion in the third quarter of 2016. The year-over-year revenue increase was primarily due to the pulp business that was acquired in late 2016. Business segment operating profits in the third quarter of 2017 were $707 million, compared with $129 million in the second quarter of 2017 and $613 million in the third quarter of 2016. The second quarter of 2017 includes the impact of the Kleen Products settlement. Click Read More below for additional information.

Industrial Packaging Corporation (IPC) has announced the addition of a new Kraft Paper Honeycomb panel line in Arcadia, WI, located 40 miles northwest of La Crosse, WI. This new equipment adds to IPC’s Honeycomb capacity, currently supplied from Wilton, IA. With two Honeycomb operations in the Upper Midwest, IPC will better service the states of Wisconsin, Minnesota, North Dakota, and South Dakota. Additionally, this will free up capacity restraints in the Wilton, IA facility to better serve Iowa, Nebraska, Kansas, Missouri, and Illinois. IPC is a family owned and has been in business since 1989. In addition to Kraft Paper Honeycomb, IPC manufactures Build Up A-flute products of Angle Pads, U Channels, and Flat Pads, in Tomahawk, WI, Arcadia, WI and Fort Payne, AL.