Smurfit Kappa has been awarded the prestigious “Order of San Carlos” medal from the Colombian Government for 75 years of dedication to the country. Smurfit Kappa Colombia has continuously invested in job creation, innovation and sustainability. The award was also recognition for Smurfit Kappa Colombia´s leadership in the development of renewable, recyclable and biodegradable packaging, as well as the work it has done to support and develop recycling infrastructure. The packaging leader also has a strong track record in corporate social responsibility which it runs through the Smurfit Kappa Colombia Foundation which was established in the 1960s and benefits more than 10,000 people in surrounding communities.
Ahlstrom-Munksjö has received the OK compost HOME and OK compost INDUSTRIAL certifications from TÜV® Austria for its CristalTM and CristallineTM ranges of transparent papers. Whether used as transparent bread bags or paper window for fruits and vegetable sachets, CristalTM and CristallineTM product ranges are ideal materials to produce all-paper packaging solutions enabling consumers to quickly identify the products they buy. Made of responsibly-sourced natural fibers, these translucent papers are renewable and biodegradable materials, safe for direct food contact. Recyclable according to EN 13430 and now ok compost certified, CristalTM and CristallineTM offer alternatives to choose the best fitting end-of-life scenario for their packaging depending on the end-use application.
The consolidated sales of the Group totaled EUR 1,924.3 million and were thus 9.1 % or EUR 161.2 million above the previous year’s value (1-3Q 2018: EUR 1,763.1 million). This increase primarily resulted acquisition-related from the packaging division. EBITDA rose by 17.9 % to EUR 297.2 million (1-3Q 2018: EUR 252.1 million). At EUR 195.6 million, an operating profit 13.5 % or EUR 23.3 million above the previous year’s value was achieved (1-3Q 2018: EUR 172.3 million), with MM Packaging accounting for two thirds and MM Karton for one third of the increase. In the course of the initial consolidation of the Tann-Group one-off expenses from acquisition effects totaling EUR -4.8 million were reported due to recognition of order backlog and inventory measurement. The operating margin amounted to 10.2 % (1-3Q 2018: 9.8 %).
WestRock received the Leadership in Sustainability Award for Safety for creating recovery boiler safety shields and the Innovation in Sustainability Award for developing EnShield® Natural Kraft, a completely recyclable paperboard that is suitable for foodservice packaging. “WestRock’s safety shield helps to eliminate a safety hazard, showing that creativity and ingenuity go a long way in protecting the wellbeing of employees,” said AF&PA President and CEO Heidi Brock. WestRock’s Kraft containerboard mill in Hopewell, Virginia developed a safety shield to cover the recovery boiler ports and eliminate the risk of burn injuries to boiler operators and bystanders. EnShield® Natural Kraft is an innovative, completely recyclable paperboard that has the same level of oil and grease resistance as plastic and plastic-lined alternatives. Manufactured at WestRock's Mahrt, Alabama paper mill, its proprietary coating is achieved on the paper machine, eliminating the need for additional manufacturing steps.
Seaman Paper reduced their electricity consumption by over 1.2 million kilowatt hours per year by switching a significant portion of their lighting over to LED. The lightweight papers and decorative packaging supplier used energy conservation incentives provided by their utility to replace existing lighting with LED or specify LED lighting in their converting plants and warehouses in northcentral Massachusetts. Cost savings from the project offset payment to the utility and are now accrued by Seaman Paper. In addition, the project improved lighting in the facilities, promoting safety. “We thank AF&PA for recognizing our Let There Be (LED) Light Program,” said Seaman Paper CEO George Jones. “This program greatly improved our company’s energy efficiency and is appreciated by our stockholders, employees and customers.”
“By maximizing water reuse and recycling, Green Bay Packaging minimized their environmental footprint per ton of paper production, optimized energy savings and benefited their community by being a responsible water steward,” said AF&PA President and CEO Heidi Brock. Green Bay Packaging’s 100-percent recycled linerboard and medium mill in Green Bay, Wisconsin initiated water reuse practices, equipment investments, technology installations and chemistry changes that resulted in water efficiencies and reductions. Between 2005 and 2018, the mill achieved a 15 percent reduction in overall water use and an 18 percent reduction in water use per ton of paper production, while increasing production by 10 percent. Improving water reuse and recycling also reduced energy use and related greenhouse gas emissions, and provided resource savings to the community.
Berry Global Group, Inc. announced its collaboration with global chemical industry leader, SABIC in driving the innovation and use of polyolefin resins made from chemical recycling. The companies boast a longtime partnership and focus on their shared values of sustainability and promotion of a circular economy. Earlier this year, Berry announced its sustainability strategy Impact 2025, and has pledged to design 100 percent of its packaging to be reusable, recyclable, or compostable by 2025. As part of this commitment and in support of circular economy, Berry is always advancing to utilize new and innovative methods to create more environmentally sustainable packaging. Included in the Company’s efforts is the collaboration with trusted suppliers to aid in the advancement of the packaging industry as a whole. SABIC announced at the end of 2018 its intended project to build a semi-commercial unit in the Netherlands to refine and upgrade valuable feedstocks produced from the recycling of low-quality, mixed plastic waste.
Third Quarter 2019 Highlights (as compared to third quarter 2018): • Revenue increased 5.2% to $293.6 million primarily due to the Polyair(3) and Maiweave(4) acquisitions. • Gross margin increased to 21.8% from 20.5% primarily due to an increase in spread between selling prices and combined raw material and freight costs, partially offset by the dilutive impact of the Maiweave acquisition. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") increased $2.9 million to $12.5 million ($0.21 basic and diluted earnings per share) primarily due to an increase in gross profit and a decrease in manufacturing facility closures, restructuring and other related charges resulting mainly from the non recurrence of a one-time charge for non-cash impairments of property, plant and equipment and inventory related to the closure of the Johnson City, Tennessee manufacturing facility in the third quarter of 2018. These favourable impacts were partially offset by increases in (i) interest expense mainly due to a higher average cost of debt, including the impact of the Senior Unsecured Notes(5), (ii) income tax expense mainly due to the elimination of certain tax benefits as a result of the Tax Cuts and Jobs Act ("TCJA") enacted into law in the United States on December 22, 2017 related to intercompany debt, and (iii) selling, general and administrative ("SG&A") expenses primarily due to additional SG&A from the Polyair and Maiweave acquisitions.
Manufacturers are better managing packaging supplies and shipping costs because parcels are smaller and lighter in weight. Customers are more satisfied because packages are easier to open and don’t generate as much waste. Retail brands now can tout their eco-friendly shipping practices, and they can delight customers and improve branding with sharp, innovative protective packaging designs. For Amazon, eliminating packaging waste isn’t just about increased profitability and concern for the environment; it’s about customer satisfaction. Consumers routinely call out the company on social media for hard-to-open packages and for using superfluous packaging materials with the hashtags #wraprage and #amazonpackaging. In addition, with Amazon moving to one-day shipping for standard Prime members, it needs to make order fulfillment as efficient as possible, and that requires packages to be tight.
Sales of $1,264 million (compared with $1,275 million in Q2 2019 (-1%) and $1,175 million in Q3 2018 (+8%)) ◾ As reported (including specific items) ◦Operating income of $135 million (compared with $82 million in Q2 2019 (+65%) and $78 million in Q3 2018 (+73%)) ◦Operating income before depreciation and amortization (OIBD)1 of $208 million (compared with $154 million in Q2 2019 (+35%) and $139 million in Q3 2018 (+50%)) ◦Net earnings per share of $0.74 (compared with $0.33 in Q2 2019 and $0.38 in Q3 2018) ◾ Completed acquisition of Orchids Paper Products 2 for total cash consideration of US$237 million on September 13, 2019 ◾ On October 30, 2019 , announced planned closure of two tissue converting facilities in the U.S. by March 2020 .