The newest products made with at least 10% PCR include: • Signature dessert cups: Designed to enhance dessert presentations, these transparent cups are available in three sizes and come with a universal lid. All are made with polyethylene terephthalate (PET), a strong, lightweight and recyclable plastic. • CakePak™ bases and lids: These clear containers offer the patented EZ Release™ system that features easy-to-use lift tabs, making the containers simple to open and seal. They offer different bases to fit various cake designs, with customization options available. • BreakAway™ tamper-evident containers: These clear containers keep food safe and secure with a tamper-evident feature indicating when the top has been removed. They also are stackable and available in various popular sizes and shapes. • Multi-use clamshells: These clear containers provide optimal product visibility and enhance food presentation. They also feature a secure closure that provides a tight seal to keep food fresh. The clamshells come in a variety of custom shapes and sizes, making them ideal for loaf cakes, cookies and more.
UPM Raflatac has released the findings of a new neuromarketing study. Results show the power of different label materials and finishes to shape consumer perceptions and drive purchasing. Focused on white wine labels, the research carried out in collaboration with partners in the packaging value chain, ARGEA, SenseCatch, Kurz, and Krämer Druck, shows that label material and finishes all have a significant part to play in consumer purchasing behavior and post-purchase enjoyment. The research has been summarized in a book, which also features a foreword by Uwe Melichari, a sustainable packaging expert, designer, and Pentawards jury member. The book is available in three languages and as a digital version. A wine’s label plays a pivotal role in the consumer’s decision to buy it or not. In fact, according to a study on the wine sector conducted by wine.net, it was found that 82% of a sample of 2000 consumers relied primarily on the label to choose their favorite wine. Many other studies have also commented on the link between the perceived taste of wine and expectations, and how these are influenced by the label’s color, shape, paper, printing technique, and overall design.
Aptar Pharma, a global leader in drug delivery systems, services and active material science solutions, today announced the opening of its new Aptar Mumbai site, which will increase manufacturing capabilities in South East Asia. An inauguration ceremony held on December 1, 2023, marked the official opening of the new Aptar Mumbai production facility in the Palava Industrial and Logistics Park at Taloja, Mumbai. Members of Aptar’s Executive Committee and Aptar Pharma’s Global Leadership Team welcomed more than 100 key customers and Aptar employees from the Mumbai and Hyderabad, India sites to this momentous occasion, which included a ribbon cutting and tree-planting ceremony. Manufacturing capabilities at Aptar Mumbai, which began in 2012 with the assembly and supply of metered dose valves and pumps, have now been expanded to offer more innovative product solutions and ensure increased manufacturing capacity to pharma customers in South East Asia.
A 100 per cent recycling target by 2050 for the world’s aluminium drinks cans has been set by industry leaders at COP 28. Aluminium producers, recyclers, rolling mills, can makers and industry associations have set the target having stressed the need for enhanced recycling to support the IEAs Net Zero 2050 goal. Currently more than 70 per cent of aluminium beverage cans are recycled into new products but this figure falls short of making the complete contribution necessary for achieving the 1.5-degree target.
Fourth Quarter Results Include (all results compared to the fourth quarter 2022 unless otherwise noted): *Net income of $67.8 million or $1.16 per diluted Class A share compared to net income of $99.5 million or $1.67 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $90.9 million or $1.56 per diluted Class A share compared to net income, excluding the impact of adjustments, of $109.0 million or $1.83 per diluted Class A share. *Net cash provided by operating activities decreased by $83.1 million to $203.5 million. Adjusted free cash flow(3) decreased by $98.3 million to $136.2 million. Fiscal Year Results Include (all results compared to the fiscal year 2022 unless otherwise noted): *Net income of $359.2 million or $6.15 per diluted Class A share compared to net income of $376.7 million or $6.30 per diluted Class A share. Net income, excluding the impact of adjustments, of $358.7 million or $6.14 per diluted Class A share compared to net income, excluding the impact of adjustments, of $471.2 million or $7.87 per diluted Class A share. *Net cash provided by operating activities decreased by $8.0 million to $649.5 million. Adjusted free cash flow decreased by $25.1 million to $481.2 million.
Paper production in Laakirchen and Steyrermühl is undergoing radical changes. The two sites - in future both part of the HEINZEL GROUP - are to grow together into a center for sustainable packaging papers, renewable energy and wood processing. Several key projects are planned and the projects are being presented at a press conference of Laakirchen Papier AG on Wednesday, December 6th: from the conversion of the paper machines to the production of sustainable packaging papers to the conversion of the energy supply to renewable energy sources through the use of existing recyclable and residual materials to the expansion of district heating. The HEINZEL GROUP is pursuing ambitious climate targets, focusing even more on the circular economy and planning to significantly reduce its consumption of fossil natural gas.
Mondi has expanded its range of saturating kraft paper and increased capacity, in order to improve and enhance its service to manufacturers of internal and external building panels, worktops, furniture and technical films. With the previously announced investment in a new paper machine at its Štĕtí plant in the Czech Republic and further increases in production efficiency, Mondi will optimise capacity across its mill network, providing increased production of its saturating kraft, Advantage MF Boost, at Mondi Frantschach in Austria and Mondi Dynäs in Sweden. Both Frantschach and Dynäs mills are ideally placed to deliver short lead times across Europe and provide customers with reassurance of good service and production back-up. These changes signal Mondi's commitment to increase the availability of Advantage MF Boost – the kraft paper that is used in laminated applications.
Global packaging leader Sonoco is pleased to announce the expansion of its flexible packaging service operations with the acquisition of Inapel Embalagens Ltda. in Brazil. Inapel has been an industry leading flexible packaging manufacturer for over 50 years. The company currently operates two facilities in São Paulo – one in Jundiai and the other in Guarulhos – with approximately 500 employees companywide. Production capabilities range from rotogravure printing, adhesive and extrusion laminations, specialty coatings, cold seal, pouching and cylinder engraving. Inapel will add to Sonoco’s existing flexible packaging operation in Pinhais, Brazil. The Sonoco Graffo site has been a top producer of high-quality rotogravure printing and sophisticated lamination for eight years and is one of the largest converters of foil-based flexibles packaging.
Georgia-Pacific seeks to grow its retail consumer tissue business through a $150 million investment in its facility in Halsey, Oregon. Investments at Halsey, which started in 2022, will increase production capacity for high quality bath tissue, with initial production expected in 2025. When the work at this facility is complete, Georgia-Pacific will have invested more than $200 million in paper machine and converting assets. “This truly is an investment in our customers and consumers who appreciate the quality of our products,” said Vivek Joshi, president of the retail tissue, towel, and napkin business for Georgia-Pacific. “It is a clear indication of Georgia-Pacific’s focus on growing our premium tissue business and creating products that consumers value.” The Halsey facility makes both bath tissue and paper towels for the consumer market, and the improvements will support Georgia-Pacific’s premium tissue offerings, such as Quilted Northern Ultra Plush® tissue, as well as customer branded tissue.
Liberty Coca-Cola Beverages, a local Coca-Cola bottler serving Philadelphia, New Jersey and New York City, and WestRock will collaborate to implement a paperboard carrier that replaces plastic rings for its multipack bottled beverages. WestRock’s PETCollar™ Shield Plus paper-based packaging will be used at Liberty’s Philadelphia production facility to package Coca-Cola’s top brands in multipacks. The 12 ounce (355 millileter) and 16.9 ounce (500 milliliter) products packaged with the durable, easy-to-hold carriers will be distributed throughout Liberty’s multi-state territory. Liberty Coca-Cola Beverages will be the first bottler in the world to implement the PETCollar Shield Plus bottle clip solution. “We’ve made it our mission to invest in technology that produces recyclable beverage containers that can return to our system while significantly reducing the need for secondary plastic packaging,” said Fran McGorry, co-owner of Liberty Coca-Cola Beverages. “We know the most valuable change to reduce plastic waste occurs when bottlers and packaging producers work together. We are proud to partner with WestRock to make this change.”
Huhtamaki accelerates strategy implementation by starting a program which is expected to materially support the profitability of Huhtamaki with efficiency improvements leading to savings of approximately EUR 100 million over the next three years. All cost levers will be addressed including potential restructuring to a more optimal manufacturing footprint, reducing input costs at an accelerated pace, and improving productivity globally. The costs of the program are expected to be approximately EUR 80 million, which upon materialization will be treated as items affecting comparability. The program’s performance will be monitored and communicated on a regular basis. Huhtamaki’s updated 2030 growth strategy was announced in March 2023. It is focused on scaling the profitable core for growth, innovating in sustainable packaging solutions for additional growth, and delivering world-class operational performance. With this updated strategy the Company raised its long-term financial ambition to grow 5-6% p.a., reach 10-12% adjusted EBIT%, and deliver 13-15% adjusted ROI.
CANPACK Group and BA Glass announce that on November 28th they have entered a definitive agreement whereby CANPACK Group will transfer its CP Glass operations in Poland to BA Glass. Consequently, the CP Glass plant located in Orzesze will be incorporated into the existing glass operations of BA Glass in Poland where BA operates two plants located in Sierakow and Jedlice. The parties are committed to ensure a smooth transition of the CP Glass operations and employees into the BA Glass organization in Poland. This agreement, which is pending customary merger control approval from the Polish competition authority and other customary closing formalities, is anticipated to be completed during the first half of 2024. Marius Croitoru, CANPACK Group CEO stated: “CP Glass is a strong niche manufacturer of glass bottles for beverages, and we are confident that our CP Glass operations and team will find a new home with BA Glass, one of the world leaders in the manufacture of glass packaging. With this sale, CANPACK Group will continue to focus its resources on its core businesses.”
Smurfit Kappa has launched its new SupplySmart digital solution, which helps businesses to intelligently adapt their packaging to increase efficiency and reduce emissions across their supply chains. SupplySmart has evolved to tackle increased supply chain complexities and uncertainty in a world which has seen one supply chain disruption after another. Using insights from the analysis of over 100,000 supply chains, it identifies opportunities for optimisation across the entire length of the supply chain. Its new digital twin feature also allows businesses to test their updated packaging in a virtual environment to eliminate risks ahead of implementation. Leading German consumer goods company Henkel partnered with Smurfit Kappa to launch a compact and sustainable paper-based alternative to plastic packaging. SupplySmart was used to build a digital model of Henkel’s supply chain to achieve the company’s goals of reducing CO2 emissions while introducing a more user-friendly and compact pack.
The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Swedish company Billerud, a world-leading paper and packaging materials supplier. The loan supports investments in the modernisation and upgrade of a bioproduct mill, including the replacement of a recovery boiler. The upgrades are well anchored in Billerud’s sustainability strategy and will secure high environmental performance for the mill, with increased energy and resource efficiency. Materials made at Frövi mill are used in various packaging applications, with a particular focus on food and beverage packaging — an area that has strict requirements in terms of durability and hygiene standards. Fibre-based packaging has the advantage of being fossil-free, recyclable, and biodegradable — features that set it apart from fossil-based types of packaging. Materials produced by Billerud can be recycled many times and made into recycled board, before finally being used for energy production.
With the ongoing development of the United Nations Treaty on Plastic Pollution, governments from over 170 nations are working toward policy measures to combat the negative environmental impacts of hard-to-recycle plastics. The introduction of bans, levies, and increased disposal fees for EPS packaging materials will continue to be on trend for the foreseeable future, especially in regions lacking recycling infrastructure. Corrugated packaging solutions are 100% recyclable and 100% compostable, making them the ideal packaging material. What’s more, Mondi’s corrugated packaging solutions includes a wide portfolio of corrugated boxes made of recycled fibres. Paper-based packaging boasts an impressive 82.5% recycling rate in Europe, outperforming the combined recycling rates of all other packaging materials.7 The recycling value of corrugated packaging has enormous potential worldwide. Paper fibre can be recycled with good quality many times, keeping fibres in circulation.8,9
The project to expand folding boxboard production capacity has been completed at the Husum integrated pulp and paperboard mill in Sweden. With the modernisation of the board machine 1 (BM1), the annual production capacity of folding boxboard (FBB) will be increased by 200,000 tons to reach 600,000 tons. This will make the Husum BM1 the largest, and most modern, paperboard machine in Europe and further strengthen Metsä Board’s position as the leading European supplier of folding boxboards. The expansion of folding boxboard capacity is in response to the growing demand for packaging materials made of renewable resources. The BM1 produces folding boxboards that are lightweight, without sacrificing strength properties, which saves on raw materials usage and helps to reduce the carbon footprint of packaging.
Due to uncompetitive wood prices from the Polish State Forestry Monopoly and significantly reduced market demand for paper and cardboard products, the company has decided to significantly reduce the planned multi-year strategic investment project at MM Kwidzyn with a focus on energy, further pulp integration and product portfolio, which was announced at the end of April 2023 . MM Kwidzyn will instead focus investments on further increasing its already high share of renewable energy from the current 69%. In addition, discussions were started with employee representatives about a possible closure of the small paper machine (PM 3) for packaging kraft paper and about restructuring, which could lead to a reduction in the workforce of around 110 employees. MM Kwidzyn will continue pulp and virgin fiber board production unchanged. In the paper sector, the PM 1 and PM 2 paper machines will continue to produce up to 360,000tpa of uncoated fine paper and 40-80,000tpa of “IPACK TM Strong Pro” (packaging kraft paper). Since one of the fine paper machines has not been converted, no sack kraft paper will be produced in Kwidzyn.
The third-party certification verifies mass balance chain of custody and traceability from raw materials to finished products. Given this, Pregis can produce films classified as advanced recycled (circular, bio-circular and/or bio-based). Ryan Wolcott, chief sustainability officer, explains the significance of this achievement, "Obtaining ISCC PLUS certifications for two additional facilities is a pivotal step in furthering our circular economy goals. This certification validates our ongoing investments in product development and our commitment to sustainability and lowering greenhouse gas emissions. This step represents one more path toward overcoming plastic waste and our goals of incorporating recycled content into our products through both mechanically recycled and advanced recycled sources."
TC Transcontinental announced that it will be phasing out operations at its Tomah (WI) packaging plant in anticipation of the complete closure of the facility in early February 2024. Operations will gradually be transferred to TC Transcontinental Packaging’s plants in Battle Creek (MI), Clinton (MO), Elgin (IL), Lenexa (KS) and Spartanburg (SC) to ensure a smooth transition for customers and maintain high-quality service. “In line with our priority of optimizing the return on our assets, reducing costs and improving operational efficiency, we have made the decision, after thorough consideration, to close our Tomah, Wisconsin, plant. Servicing our customers in the most competitive manner is something we are constantly evaluating and taking action on,” said Jeff Lasley, Senior Vice President, Dairy, Protein and Pet Food (DPP), Latin America and New Zealand, TC Transcontinental Packaging.
Pactiv Evergreen Inc. released its latest Environmental, Social and Governance Report, 'Packaging a Better Future,' sharing progress toward the Company’s ambitious goals in 2021 and 2022. The report highlights advancements across the Company's three strategic ESG pillars – Protect Our Planet’s Resources, Deliver Sustainable Products Essential to Consumers and Value Our People and Communities, supported by strong ESG governance practices. “Our commitment to sustainability is foundational to our Purpose of Packaging a Better Future and is guided by our Value to Do What’s Right to deliver sustainably manufactured products with ethics and integrity,” said Mike King, President and Chief Executive Officer of Pactiv Evergreen. “Every day we strive to operate with respect for the environment and are dedicated to sustainability across our product portfolio, manufacturing and supply chains.”
Matrix Pack, a leading global provider of fiber-based food packaging products and solutions, partnered with Stora Enso’s Fiber as a Service (FaaS) to successfully accelerate the time-to-market of their molded fiber range. Fiber as a Service helps converters broaden their offering, assisting them with everything needed from education to support, tools, recipes, and a broad network of suppliers. To help converters broaden their offerings with molded fiber products, Stora Enso has launched Fiber as a Service. Also called: FaaS, an all-in-one service to help converters with wet and dry molding of, for example, cup lids, bowls, cutlery, and other similar products. Whether it is about getting started or scaling up production, FaaS by Stora Enso can help with material supply, consultancy, and tooling. The idea is to support converters produce molded fiber products to meet regulations and serve consumer demand.
Clearwater Paper Corporation announced a collaboration with Charter Next Generation (CNG) for an early-to-market initiative to include advanced recycled polyethylene in Clearwater Paper's private label tissue packaging offerings. Advanced recycling includes difficult-to-recycle waste plastics converted into new plastics that perform like virgin materials. The purchase of this material in the place of traditional resins helps to give new life to some plastics otherwise headed to landfills. "CNG is providing a competitive edge and is leading the way in transforming waste plastics into useful products. This advancement is critical to our success in meeting and exceeding sustainability goals for Clearwater Paper," said Mike Urlick, senior vice president and general manager, consumer products at Clearwater Paper.
Fourth Quarter Highlights *GAAP: Net sales of $3.1 billion; Operating income of $301 million; Earnings per share (EPS) of $1.55 *Returned $216 million to shareholders ($185 million via share repurchases and $31 million in dividends). Fiscal Year Highlights *GAAP: Net sales of $12.7 billion; Operating income of $1.1 billion; EPS of $4.95 *Cash flow from operations of $1.6 billion; Free cash flow of $926 million *Returned $728 million to shareholders ($601 million via share repurchases and $127 million in dividends)
Eco-Products® announced today that it has been recertified as a B Corporation, once again achieving the coveted distinction for meeting “high standards of social and environmental performance, accountability and transparency.” This is the third time the company has gone through the rigorous certification and verification process. To achieve this distinction, Eco-Products met score requirements of the B Impact Assessment, which rates business factors such as employee benefits, civic engagement, DE&I initiatives, product environmental benefits and the impacts of business operations.
Vegware™, a leading provider of compostable foodservice packaging solutions, is thrilled to announce its first certification as a B Corporation. This prestigious recognition reflects Vegware’s commitment to ethical and responsible business practices that benefit both society and the environment. The certification is a testament to Vegware’s dedication to fostering positive change. By meeting rigorous social and environmental performance standards, Vegware has joined a global community of businesses that prioritises environment, people, community and also purpose.
Following successful commercial consumer testing in 2022, Tetra Pak and Lactogal have now launched an aseptic beverage carton featuring a paper-based barrier. This is part of a large-scale technology validation, involving around 25 million packages and currently ongoing in Portugal. Made of approximately 80% paperboard, the package increases the renewable content to 90%, reduces its carbon footprint by one third (33%1) and has been certified as Carbon Neutral by the Carbon Trust™.2 Greenhouse gas emissions, food waste and plastic littering are cited as the top three environmental sustainability concerns facing food and beverage (F&B) businesses today, and this is expected to remain the case over the next five years.3 Packaging solutions like these, that expand the amount of paper and lower the carbon footprint, while ensuring food safety, can help the industry overcome these challenges.
Trioworld launched the first ever Post-Consumer Recyclates (PCR) based bale wrap in Agritechnica 2019, the world’s largest agricultural exhibition. With more than five million bales successfully wrapped in high-performance bale wrap made of recycled content since then, Trioworld now displays a full assortment of premium products for baled silage with recycled content at Agritechnica 2023. “We believe that this is the bale wrap of the future”, says Anders Larsson, Product manager Agricultural stretch films at Trioworld. “The performance is just as we want it. Silage quality and wrapping performance have proven to be on equal level as with our premium products without PCR. The fact that five million bales have been successfully wrapped with our bale wrap containing recycled material is just additional proof that it really does work”, he continues.
Norske Skog announced that the start-up of the rebuilt PM 1 at its Golbey mill in France will we delayed and has been again postponed from Q2 2024 to the second half of next year due to delivery delays. In addition, the net investment amount for the conversion project will increase from €265m to €300m, primarily due to increased purchase prices for goods and services as well as somewhat delayed deliveries of equipment. In July this year, the company had postponed the start-up to Q2 2024 in order to align it with the commissioning of the new biomass boiler. The Golbey project is to convert PM 1 from newsprint to recycled containerboard production. The rebuilt paper machine will have an output capacity of 550,000 tpy, and Norske Skog expects the machine to run at 95 per cent of full capacity within two to three years after start-up. PM 1 formerly produced up to 250,000 tpy of newsprint and was stopped in the fourth quarter of 2022 to commence the rebuild.
Smurfit Kappa has developed a recyclable film to replace the nylon which is commonly used in bag-in-box products, particularly in the US. Nylon bags are often used in bag-in-box packaging which requires extra protection, for example motor oil or detergents or large industrial-use food bags. Nylon is also sometimes chosen when there is particularly long or complex supply chain. Smurfit Kappa Bag-in-Box has developed a polyethylene film which has similar properties to nylon, in terms of strength and resilience but, unlike nylon, is recyclable. Massimiliano Bianchi, COO of Smurfit Kappa Bag-in-Box, commented: “Our new Lx polyethylene film is much better for the planet because polyethylene is the most developed recyclability stream in the flexible packaging sector.
Trioworld, a leading producer of innovative, high-performance plastic packaging solutions in Europe and North America with its head office in Sweden, is proud to announce that it has once again received the EcoVadis Platinum medal, the highest-level of recognition from EcoVadis, a leading provider of business sustainability ratings. “I am again truly honoured by this third consecutive EcoVadis Platinum medal”, says Andreas Malmberg, CEO of Trioworld Group. “This acknowledgement of our ambitious sustainability agenda and performance is of great value to us as well as to our customers. Cooperation and credibility are essential components if we are to achieve sustainable value chains, that include flexible plastic packaging, to accelerate the journey towards a circular economy for plastics.” continues Andreas Malmberg. “The EcoVadis Platinum medal helps us to provide our stakeholders with a deeper understanding of our ESG practices by demonstrating our sustainability performance through a scorecard. And it encourages us to continuously improve our processes and performance,” says Andreas Malmberg.
Paper and paper-based packaging manufacturers in the United States have renewed their commitment to sharing the industry’s successful sustainability story by continuing support for the Paper and Packaging Board program. In a recent referendum, 53 percent of domestic manufacturers and importers — who represented 53 percent of the volume of paper and paper-based packaging voting in the referendum — voted in favor of continuing the Paper and Packaging Board program. The decision comes in time for America Recycles Day on Nov. 15, another opportunity to highlight paper’s unmatched recycling record.
“Being acknowledged by AF&PA and receiving this award for PawPrint® Pet Food Packaging is a great achievement. It demonstrates how we are living up to our purpose to purify and protect with every fiber for a sustainable world by innovating more sustainable solutions,“ says Mark Ushpol, Executive Vice President for Ahlstrom’s Food and Consumer Packaging division. Ahlstrom’s PawPrint® papers provide pet food brand owners functional and visually appealing pet food packaging, eliminating plastic and using fiber-based materials, while helping pet food manufactures achieve their sustainability metrics. They are made from renewable materials and are recyclable and compostable. What makes the product truly unique is that it is produced with Ahlstrom’s FluoroFree® proprietary technology, making it fully grease-resistant without the use of PFAS compounds. Ahlstrom’s next generation of PawPrint® packaging solutions additionally ensure pet food shelf-life requirements are met while achieving pet-palatability test results for the most distinguished of pet consumers.
*Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions was $5.1 million in the third quarter of 2023 versus $12.1 million in the third quarter of last year due to sluggish market conditions. EBITDA from ongoing operations during the last four quarters has been weak, in a range of $5.1 million to $14.6 million. -Sales volume of 32.5 million pounds in the third quarter of 2023 declined significantly versus 45.5 million pounds in the third quarter of last year. -Open orders at the end of the third quarter of 2023 were approximately 17 million pounds (versus 20 million pounds at the end of the second quarter of 2023), which is below the quarterly range of 21 to 27 million pounds in 2019 before pandemic-related disruptions that resulted in excessive open orders, which peaked in the first quarter of 2022 at approximately 100 million pounds. *EBITDA from ongoing operations for PE Films was $4.0 million in the third quarter of 2023 versus $0.4 million in the third quarter of 2022. EBITDA from ongoing operations during the last four quarters has been low with a range of negative $2.6 million to positive $4.0 million. *EBITDA from ongoing operations for Flexible Packaging Films (also referred to as "Terphane") was $0.5 million during the third quarter of 2023 versus $7.8 million in the third quarter of 2022 primarily due to lower sales volume and lower margins that the Company believes were driven by customer inventory corrections earlier in the year and now are being driven by global excess capacity and competition in Brazil from imports. See the Status of Current Corporate Strategic Initiatives section of this report for information on the sale of Terphane.
Huhtamaki’s subsidiary in India has recently consolidated five manufacturing sites into larger local units. Following the reorganization, the company has sold its real estate in Thane, India, from where a manufacturing facility and offices have been transferred. The real estate was sold to Phoenix Group, a large real estate developer, for EUR 47 million. Huhtamaki will book a gain of approximately EUR 44 million in the fourth quarter of 2023 and it will be treated as an item affecting comparability.
Lacerta Group, a leading provider of innovative and sustainable thermoformed packaging solutions, announced today the appointment of Paul Young as its new Chief Executive Officer, effective November 6, 2023. Mr. Young previously served as the Chief Executive Officer of Tekni-Plex, a global leader in the consumer and healthcare packaging sector, where he led the successful turnaround of the business. Through operational excellence, customer responsiveness and strategic growth investments, its revenue grew to more than $1 billion while earnings quadrupled. Prior to joining Tekni-Plex, Mr. Young held various general management and manufacturing roles for Graham Packaging, Owens-Illinois and Continental PET Technologies. Mr. Young holds an M.B.A. from DePaul University and a B.S. in Chemical Engineering from the University of Toledo.
Amcor announced a Memorandum of Understanding (MOU) with leading sustainable polyethylene producer NOVA Chemicals Corporation for the purchase of mechanically recycled polyethylene resin (rPE) for use in flexible packaging films. Increasing the use of rPE in flexible packaging applications is an important element of Amcor’s commitment to support packaging circularity. The supply agreement would enable Amcor to purchase SYNDIGO™ rPE resin, manufactured at NOVA Chemicals’ first mechanical recycling facility in Connersville, Indiana, which is projected to be in operation as early as 2025. The recycling facility was announced in July as a significant expansion of NOVA Chemicals’ Circular Solutions business.
Mondi, a global leader in packaging and paper, has collaborated with Skånemejerier to create a mono-material, polypropylene (PP) based packaging for, among others, ICA’s Hushållsost cheese. The new packaging comprises a mono-material base web and lidding film, all of which is produced and printed by Mondi before being converted for 1kg and 2kg blocks of cheese by Skånemejerier. It will be sold in leading Swedish supermarket ICA and now comes in packaging that is designed for recycling. Mondi’s mono-material solution provides high barriers against oxygen and water vapours, keeping the product fresh on the supermarket shelf. It offers high puncture resistance protecting the cheese, and great printability so that the brand and recycling messages can be communicated well on-pack.
Virox Technologies Inc., a leading innovator of patented, sustainable disinfectant chemistries, today announces that it has finalized multi-year licensing and supply agreements with Diversey, A Solenis Company, to bring its latest patented disinfectant technology, Citr-IQTM, to the healthcare sector and others. Diversey is a leading provider of hygiene, infection prevention and cleaning products, and technology, and will add multiple disinfectant products, powered by Virox’s Citr-IQ, to its lineup of professional offerings. Under the terms of the agreements, Virox will receive undisclosed license fees and royalties for the use of the formulas covered under the patented Citr-IQ disinfectant platform, as well as manufacture products containing the Citr-IQ formulas for Diversey’s North American markets. These Citr-IQ products will be produced in Virox’s LEED® Gold Certified manufacturing facility in Oakville, Ontario, Canada. Diversey has previously licensed chemical disinfectant technology from Virox with the patented Accelerated Hydrogen Peroxide® (AHP®) platform, which Diversey fully acquired from Virox in 2019. AHP was created by Virox in 1998, and successfully transformed disinfection with a safe, effective, and sustainable patented chemistry. AHP is used across the globe in human and animal health sectors and is the active ingredient in multiple brands, including Diversey’s Oxivir® and Accel® infection prevention platforms.
Fourth Quarter Highlights and other notable items: *Net sales of $5.0 billion *Net income of $110 million, net income included $344 million ($239 million of which was non-cash) of restructuring and other costs, net and a $239 million gain on sale of the Company’s interior partitions converting operations and Chattanooga, Tennessee uncoated recycled paperboard mill *Results negatively impacted by $64 million due to economic downtime and a $40 million increase in non-cash pension costs, each compared to the fourth quarter of fiscal 2022; WestRock’s U.S. qualified and non-qualified pension plans remain overfunded *Announced 10% dividend increase in October 2023 *Announced proposed business combination with Smurfit Kappa Group plc to create a global leader in sustainable packaging (the “Transaction”)
Billerud’s European production of packaging materials is the first to be third-party assessed as 100% recyclable, according to EU legislation proposed for 2030. This reinforces Billerud as a world leader in sustainable packaging. The standards proposed by the coming Packaging and Packaging Waste Regulation (PPWR) are high, but Billerud has been meeting high standards for many years. This is why we reached the goal seven years in advance and are the first in the world to do so. Whatever type of 100% recyclable paper or packaging material you need, contact our team to achieve your sustainability goals. Together, we will customize a solution with tomorrow in mind!
UPM Specialty Papers is responding to the growing pet food market’s need to transform traditional packaging solutions by offering paper-based alternatives for plastics and packages that contain soon to be phased out PFAS chemicals. “As PFAS chemicals are expected to be banned in the EU, UPM Specialty Papers can support converters and brand owners in this change. UPM’s barrier papers can achieve excellent grease resistance without the use of PFAS chemicals,” says Kalle Luomi, Senior Manager, Product Stewardship, UPM Specialty Papers. Depending on customer requirements, the company offers a wide range of packaging papers for pet food packaging. One example is the UPM Asendo™ Pro barrier paper that combines recyclability and grease resistance with excellent print properties.
*Operating result in Q3 above the previous quarter but significantly below the previous year *Solid performance at MM Packaging *A decline in volume caused by the market and renovations continued to weigh on MM Board & Paper's earnings *General conditions remain tense due to inflation-related consumer restraint and the overall economic slowdown *No immediate recovery apparent *The profit and cash protection program that has been initiated is beginning to take effect
*Net Revenues of $1,379 million for the third quarter of 2023 were down 14% compared to $1,609 million in the third quarter of 2022 and down 3% compared to $1,426 million in the second quarter of 2023. *Net Income from continuing operations of $28 million for the third quarter of 2023 compared to $175 million in the third quarter of 2022, a net loss from continuing operations of $139 million in the second quarter of 2023 and a net loss from continuing operations of $217 million in the twelve months ended September 30, 2023.
*Net sales of $1.38 billion, down 1% as reported; flat at constant currency *Net earnings of $58 million, down 57% *Cash flow from operations (YTD) of $193 million
WestRock Company earned 10 awards for packaging design excellence during the 80th annual North American Paperboard Packaging Competition. The competition, sponsored by the Paperboard Packaging Council (PPC), is widely known as one of the premier competitions for manufacturers in the packaging industry. WestRock earned the prestigious Package of the Year award for its WhistlePig Whiskey PiggyBank rigid box with folding carton sleeve. The sleek and sturdy packaging displayed a pig-shaped bottle, leading to a unique “reveal” of the product. Due to its upscale look and limited-edition status, the carton quickly became a collector’s item celebrating WhistlePig’s premium standard. WestRock was recognized for its “commitment to detail and structural innovation in delivering premium packaging that offered a memorable unboxing experience.” Grounded World collaborated on the design.
*Sonoco achieved fully diluted earnings per share of $1.32 *Continued near record results in the flexible packaging and the rigid paper container businesses in the Consumer Packaging (“Consumer”) and Industrial Paper Packaging (“Industrial”) segments *Inflationary pricing pressures continue to impact year-over-year demand in the Consumer segment *Generated $617 million of operating cash flow in the first nine months of 2023 due to strong GAAP Net Income and disciplined working capital management *Lowered full-year operating cash flow and free cash flow guidance based on lowered operating cash flow and lower capital expenses
• Net sales of $3,443 million; • GAAP Net income of $152 million; GAAP diluted earnings per share (EPS) of 10.5 cps; • Increased cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased
Greif, Inc. announced that it has entered into exclusive negotiations to acquire I PACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538 million. The planned transaction would be funded through available capacity in Greif’s existing credit facilities and would be expected to close by the end of the second quarter of Greif’s 2024 fiscal year, subject to prior completion of the information-consultation processes under French law and closing conditions, including regulatory clearances.
*EBITDA of €1,625 million with an EBITDA margin of 19.0% *ROCE of 18.0% reflecting the ongoing benefit of capital plans and operating excellence *Net Debt to EBITDA ratio of 1.4x *Announced transaction to combine Smurfit Kappa and WestRock, creating a global leader in sustainable fibre based packaging
*Net Sales were $2,349 million, a decrease of 4% versus the prior year quarter. *Net Income was $170 million, a decrease of 12% versus the prior year quarter. *Continued progress of multi-year coated recycled paperboard (CRB) system transformation. *Completed acquisition and commenced integration of Bell Incorporated in September. *Published 2022 ESG Report demonstrating progress on Vision 2025 ESG goals.
TIME featured 200 innovations this year in its annual list of the best inventions, and Cruz Cool is featured in the Reuse & Recycle category. Cruz Cool is a curbside-recyclable cold-chain cooler from Cruz Foam, a circular materials company. This modern take on cold-chain packaging replaces traditional EPS foam coolers and is perfect for protecting temperature-sensitive products for up to 48 hours. Cruz Foam is made from chitin, a material derived from shrimp shells and sustainably sourced from naturally occurring waste streams in the seafood industry. Whether it’s meal kits, fish packaging, or frozen-food packaging, it has the same temperature control performance as its non-sustainable predecessors. Cruz Foam, which forms the inner insulation layer of Cruz Cool, is home compostable, and the entire unit is certified through Western Michigan University (WMU) as curbside recyclable. The Cruz Foam is washed out and separated from the cardboard during the recycling process, eliminating any impact on the cardboard recovery.
The certification underpins Mondi’s MAP2030 (Mondi Action Plan 2030) sustainability commitment to make 100% of its packaging and paper products reusable, recyclable, or compostable by 2025, ensuring a sustainable end-of-life for all paper and packaging products. While recyclability remains Mondi’s focus to keep fibres in circulation, composting can be a viable end-of-life option for certain applications, such as those disposed in the biowaste stream. Mondi’s kraft papers are made from renewable and certified sources, which can support customers to achieve their own sustainability targets. Customers can benefit from a comprehensive product range to meet requirements for industrial packaging, shopping bags for retailers and attractive food packaging for supermarket shelves. An example of Mondi’s compostable kraft papers is Advantage MF EcoComp, which is specifically designed for household and agricultural use and is used for paper bags for wet organic household waste. Another example is Mondi’s EcoVantage kraft paper, which combines fresh and recycled fibres for sustainable and food compliant shopping packaging.
UPM Specialty Papers and adhesive tape specialist Lohmann have partnered to promote recycling of paper liners in the tape industry. Until now, liner recycling in the tape industry has proven to be very difficult. As part of its own sustainability strategy of driving forward sustainable adhesive technologies, Lohmann saw the opportunity to spearhead design for recycling in the tapes industry. The collaboration builds on UPM LinerLoop, which is the pioneering closed-loop paper liner recycling solution launched in 2018. For adhesive tape liners, the greatest technical barrier to high-yield recycling is that the industry has traditionally used siliconized release liners with a darker brown shade. As the typical shade of glassine is white or some other light shade, recycling darker coloured glassine grades in the same stream would contaminate the recycled pulp. Darker shades are comparatively small in volume so recycling them separately is not economically viable.
A.J. Plast Vietnam Co has inaugurated a 70,000sq.m biaxially oriented plastic film production plant in the southern province of Bình Dương. The factory's core products include biaxially oriented polypropylene (BOPP) and biaxially oriented polyethylene trephthalate (BOPET) firms, both serving as essential raw materials for flexible packaging industry in a wide range of applications such as household products, agriculture, and pet food. Prasan Onwong, General Director of A.J. Plast Vietnam, said that the packaging sector in Việt Nam boasted considerable growth prospects, particularly in the domain of flexible packaging, which predominantly utilises BOPP and BOPET films. In terms of production capacity, the initial BOPP production line is geared to deliver 30,000 tonnes annually.
January–September 2023 compared with January–September 2022 *Net sales decreased to SEK 13,697m (15,921). The decline was mainly related to lower selling prices, which was partly offset by positive exchange rate effects and higher delivery volumes. *EBITDA amounted to SEK 5,172m (8,213). The change was mainly attributable to lower selling prices. A strong result in the Forest segment and good growth in the Renewable Energy segment had a positive impact on earnings. EBITDA margin was 37.8% (51.6). *Operating profit declined to SEK 3,738m (7,052). *Operating cash flow was SEK 3,040m (4,958).
*Reported sales increased 7% and net income increased 55% to $84 million *Core sales increased 2% and adjusted EBITDA of $193 million increased 26% from the prior year *Pharma proprietary drug delivery systems had double-digit growth across multiple therapeutic applications *Beauty’s prestige and mass fragrance dispensing technologies had double-digit sales growth *Reported earnings per share increased about 56% to $1.26 compared to $0.81 in the prior year *Adjusted earnings per share increased 39% to $1.39 compared to $1.00 in the prior year (including comparable exchange rates) *Margins continued to expand across all three segments *Cash flow from operations was $173 million and free cash flow was $97 million, up from $55 million in 2022, a 76% increase
*Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share) *$75 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets *Cash provided by operations of $468 million, bringing year-to-date to $1.3 billion *Returned $160 million to shareholders in dividends, bringing year-to-date to $679 million in share repurchases and dividends *Completed the sale of our Ilim Joint Venture interest for $508 million
January–September 2023 (compared to 1–9/2022) *Sales were EUR 1,519.2 million (1,879.7). *The comparable operating result was EUR 121.5 million 420.0), or 8.0% of sales (22.3). Operating result was EUR 121.0 million (436.8). *Comparable earnings per share were EUR 0.26 (0.90), and earnings per share were EUR 0.26 (0.94). *Comparable return on capital employed was 6.7% (23.0). *Net cash flow from operations was EUR 218.6 million (161.7). July–September 2023 (compared to 7–9/2022) *Sales were EUR 479.0 million (647.3). *The comparable operating result was EUR 5.5 million (152.5), or 1.1% (23.6) of sales. Operating result was EUR 3.1 million (153.4). *Comparable earnings per share were EUR 0.02 (0.33), and earnings per share were EUR 0.01 (0.33). *Comparable return on capital employed was 1.3% (24.7). *Net cash flow from operations was EUR 76.6 million (66.4).
Mondi plc provides an update on trading for the three months to 30 September 2023. In the third quarter of 2023 the challenging market conditions continued as expected in light of the ongoing weak macro-economic environment. Market demand has remained soft with lower average selling prices largely mitigated by lower input costs and tight fixed cost control. A much-reduced forestry fair value gain resulted in a lower underlying EBITDA of €261 million when compared to Q2 2023. In Corrugated Packaging, containerboard prices were stable with our order books improving. Flexible Packaging saw further price and volume declines in kraft paper, which is traditionally later cycle. Our converting network delivered a resilient performance. Uncoated Fine Paper pricing continued to decline in Europe on ongoing weakness in demand. Southern Africa markets remain stable. The forestry fair value gain, accounted for within uncoated fine paper, was €14 million in Q3 2023, significantly lower than Q2 2023 of €72 million.
Silgan Holdings Inc., a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, reported third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share, as compared to record third quarter 2022 net sales of $1.97 billion and net income of $138.7 million, or $1.25 per diluted share. "Our third quarter results continued to display the strength and breadth of our diverse portfolio, as we delivered our second highest quarterly earnings amidst challenging market conditions. Our high value dispensing business posted another record quarter, and trends in the third quarter developed largely as we expected," said Adam Greenlee, President and CEO.
Smurfit Kappa recently published its second annual Green Bond Allocation and Impact Report which provides details on the use of proceeds of its inaugural €1 billion dual-tranche Green Bond issued in September 2021. Circular economy adapted products, production technologies and processes and/or certified eco-efficient projects (96%) contributing to: *6.8m tonnes of primarily post-consumer waste recycled in 2022 *76% recycled fibres in global production *100% recycled fibres from certified FSC, PEFC or SFI sustainable sources *4% reduction in waste sent to landfill versus 2020 *8% reduction in water intake versus 2020
Consumers are now actively considering the environment alongside their individual health when buying food, according to Tetra Pak’s Index 2023. These environmentally conscious consumers labelled 'Climatarians’ are willing to alter their eating habits to protect the planet. The market for healthy foods is already well established, as consumers actively seek products that will have a positive impact on their physical wellbeing. But a significant majority now take a more holistic view: 70% say that healthy products should not harm the environment, while another 54% are willing to take responsibility for the planet and change their diet to contribute to a better world. This dual focus is reflected in the rising number of consumers consciously reducing the amount of meat they eat, known as 'flexitarians', with nearly half of all consumers saying they are reducing meat intake or excluding meat altogether.
Stora Enso appoints Ad Smit as Executive Vice President of the Packaging Solutions division and a member of the Group Leadership Team. He will start on 1 December 2023 and report to Hans Sohlström, President and CEO of Stora Enso. Ad Smit is a Dutch citizen and will be based in the Netherlands. He has led the Business Unit Western Europe within Stora Enso’s Packaging Solutions division since January 2023. He has over 30 years of business leadership experience in the packaging industry. From 2012, Ad was the CEO of De Jong Packaging Group, which Stora Enso acquired in January 2023. Prior to that he held various Managing Director positions leading packaging divisions and units at Smurfit Kappa Group for over 20 years. “I’m delighted to welcome Ad Smit to Stora Enso’s leadership team. Ad has extensive experience and a successful track record in the packaging business. He is well placed to both lead the Packaging Solutions division and to optimise the integration and synergies with De Jong Packaging Group,” says Hans Sohlström.
Q3/2023 (year-on-year) • Sales decreased by 28% to EUR 2,127 (2,963) million. • Operational EBIT decreased to EUR 21 (527) million. • Operating profit (IFRS) was EUR -1 (511) million. • Cash flow from operations amounted to EUR 231 (639) million. Cash flow after investing activities was EUR 38 (489) million. • The net debt to operational EBITDA ratio (last 12 months) was 2.4 (0.8). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division (last 12 months) decreased to 4.7% (22.1%), the target being above 13%.
Packaging Corporation of America (NYSE: PKG) today reported third quarter 2023 net income of $183 million, or $2.03 per share, and net income of $185 million, or $2.05 per share, excluding special items. Third quarter net sales were $1.9 billion in 2023 and $2.1 billion in 2022. Reported earnings in the third quarter of 2023 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities. Results were $.17 above third quarter guidance of $1.88 per share primarily due to higher volume in the Packaging and Paper segments and lower operating and converting costs.
SEE announced that its Board of Directors and Ted Doheny have mutually agreed to transition SEE’s leadership. Mr. Doheny has stepped down as President and Chief Executive Officer and as a member of the Board, effective immediately. He will continue to serve SEE in an advisory capacity to assist in the transition. Effective immediately, Emile Chammas, Chief Operating Officer, and Dustin Semach, Chief Financial Officer, are appointed Interim Co-Presidents and Co-CEOs, in addition to their current roles. The Board is undertaking a comprehensive search, internally and externally, with the assistance of a leading executive search firm to identify SEE’s next Chief Executive Officer.
Nearly half of all new plastic waste entering the ocean each year comes from one ubiquitous source: thin-film plastic made from fossil fuels, that are extracted from the ground, releasing harmful carbon into the atmosphere and displacing wildlife and people from their homes. These flexible films are not readily degradable and difficult to recycle — they can often end up in the ocean, where they can be ingested by sea life. In 2020, Lonely Whale, a nonprofit whose mission is to keep plastic out of oceans, unveiled “Unwrap the Future,” a three phase, multi-year program to vet and scale viable, marine-safe solutions to traditional thin-film plastic. For phase one of the program, the TOM FORD Plastic Innovation Prize was created in partnership with Lonely Whale and TOM FORD, a luxury fashion house.
Net sales in the third quarter were $3,069 million compared to $3,259 million in the third quarter of 2022 reflecting higher beverage can volumes in North America and favorable foreign currency translation of $60 million, offset by lower volumes across most other businesses and the pass through of $187 million in lower material costs. Income from operations was $374 million in the third quarter compared to $297 million in the third quarter of 2022. Segment income in the third quarter of 2023 was $430 million compared to $336 million in the prior year third quarter reflecting the benefits from higher beverage can volumes in North America, the contractual recovery of prior years' inflationary cost increases in Europe and the successful implementation of cost reduction programs in Transit Packaging.
Quarter Highlights *Delivered net sales of $5.1 billion, up 2 percent, with organic sales growth of 5 percent. *Gross margin was 35.8 percent, up 530 basis points versus the prior year, driven by favorable net revenue realization and productivity. *Raised 2023 outlook for organic growth to 4% - 5%, and for adjusted earnings per share growth of 15% - 17%, with adjusted operating margin up 170 basis points at the midpoint versus last year.
Metsä Group is conducting a pre-study related to the construction of a first commercial mill for producing Muoto™ packaging products on its Rauma mill site, Finland. The goal is to determine the mill’s technical feasibility and economic profitability. It is envisioned that the mill will produce Muoto fibre-based packaging tailored to various uses in people’s daily lives. Muoto is a wood-based alternative to plastics and aluminium in food packaging, for example. In addition to being easy to mould in different shapes, Muoto is lightweight, strong and recyclable. Muoto products have been developed at the joint demo plant of Metsä Group’s innovation company Metsä Spring and Valmet in Äänekoski, Finland, since May 2022. The demo plant has conducted parallel development of the fibre-based packaging and an entirely new production method that converts wood fibre into safe packaging while saving raw material, energy and water.
Q3 2023 in brief *Net sales decreased 12% to EUR 1,037 million (EUR 1,178 million) *Comparable net sales growth at Group level was -4% and -7% in emerging markets. Q1-Q3 2023 in brief *Net sales decreased 7% to EUR 3,136 million (EUR 3,375 million) *Comparable net sales growth at Group level was -1% and -3% in emerging markets *Capital expenditure was EUR 204 million (EUR 185 million) *Free cash flow was EUR 193 million (EUR -60 million)
Crawford Packaging is pleased to announce its new partnership and distribution agreement in Central Mexico with StePacPPC, a global leader in Modified Atmosphere Packaging (MAP) solutions for shelf-life extension of fresh produce. StePacPPC’s products are revolutionizing fresh produce packaging by naturally altering gas composition and controlling moisture within the packaging, creating an environment that extends the produce shelf life, preserves freshness, and reduces spoilage in the supply chain. The partnership between Crawford Packaging and StePacPPC builds upon an already well-established cooperation between the two companies in Canada. This joint collaboration in the Central Mexican market is a testament to their shared dedication to bringing value-added solutions to the produce marketplace.
Tetra Pak and Lund University have announced the launch of Biotech Heights, a new research hub that will explore food and materials production using bioprocessing to create useful products from living cells or cell components. Biotech Heights will establish an open innovation environment, in which all participating organisations will have access to world leading laboratories and equipment for both commercial and academic purposes. In addition, participants will have the opportunity to work alongside several faculties at the University to address both the technical and non-technical challenges facing producers, brands, and manufacturers operating in this space. This, combined with Tetra Pak’s experience supporting food and beverage brands with product development, will make Biotech Heights a space to nurture and test ideas, and collaborate to share knowledge on best practices and consumer trends.
Supremex Inc., a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced optimization initiatives aimed at improving operational efficiency and achieving synergies within its Packaging and Specialty Products segment. These initiatives are expected to result in annual cost savings of approximately $1.5 million once all measures are implemented. First, the Company is closing its Saint-Hyacinthe facility, acquired as part of the Impression Paragraph Inc. transaction completed earlier this year. Production of packaging products carried out in Saint-Hyacinthe will be transferred to existing packaging facilities in the Montreal area. Supremex also announces the departure of Simon Provencher, President of the Packaging segment. Following his departure, the Company revamped its Packaging management structure under which three general managers will be responsible, respectively, for folding carton, e-commerce, and the commercial printing activities.
The role of food packaging in improving resource circularity has become more vital than ever as the emphasis on sustainability increases across the globe, especially in Europe. With that, many brands are facing the challenge of providing more sustainable packaging solutions without compromising consumers’ convenience and product safety. Consumer and market expertise are critical to staying up to date with new and upcoming sustainability requirements and having the ability to leverage breakthrough innovations to incorporate them in the development of new solutions. Aptar’s SimpliCycle, a fully recyclable valve for use in dispensing closures, is a recent demonstration of Aptar’s commitment to sustainability without compromising performance. Like other flow control valves that we have brought to market over the past 30 years, the SimpliCycle valve results in a clean and controlled product dispensing throughout the life of the package. With SimpliCycle, consumers get a cleaner and more convenient product squeeze while brand owners benefit from a fully recyclable closure.
UPM Specialty Papers, Lantmännen Unibake and Adara have co-created a new fibre-based packaging that replaces plastic bags as primary packaging for frozen baked goods. To minimize the use of fossil-based materials, the companies joined forces to create a solution where the plastic bags were eliminated by using UPM Asendo™ barrier paper as an inner liner in the corrugated cardboard box; the barrier paper layer ensures food safety and freshness. “The partnership with Lantmännen Unibake and Adara opened the opportunity to unite our expertise across the food packaging value network to create a renewable and recyclable packaging solution for frozen bread. Lantmännen Unibake and a third-party food industry development company conducted thorough testing and analysis on the impact of packaging materials on the taste of the frozen bread; as a result UPM Asendo was chosen as the inner liner for the cardboard box. The food safe UPM Asendo barrier paper layer has proven to offer the grease and moisture resistance needed while ensuring food safety,” says Kirsi Lahtela, Product Manager, UPM Specialty Papers.
International technology group ANDRITZ will rebuild a paper machine at Holmen Paper’s Braviken mill in Sweden to provide maximum production flexibility. Start-up is planned for autumn 2024. This order follows Holmen Paper’s recent successful entry into the packaging market with an innovative lightweight corrugated board product. The rebuild of PM52 will enable Holmen Paper to increase the production of fluting for corrugated boxes. ANDRITZ will implement a sophisticated technology concept allowing to easily switch production between the different paper grades.
Mester Grønn has together with Stora Enso developed a plastic-free transportation tray for plants. The new PureFiber™ Horti tray is made from formed fiber and reduces CO2 emissions compared to the plastic alternatives. Mester Grønn is hoping the new tray will have a positive effect on the entire industry’s environmental impact. With an ambition to replace plastic where they can, Mester Grønn set sight on the single use plastic trays used for transporting plants from growers to flower shops. They discussed with Stora Enso about finding a new sustainable option. It should be plastic-free but still had to meet three criteria: 1. Stiffness and Resilience: The tray needed to retain its rigidity in both dry and humid conditions. 2. Efficiency in Logistics: It needed to follow industry standards to fit the existing logistical chain. 3. Water Resistance: The new material had to be able to withstand exposure to water.
Sonopress, a manufacturer of storage media that is part of Bertelsmann Marketing Services, has developed a revolutionary new form of vinyl LP that drastically reduces the environmental impact of the manufacturing process. The product is being launched in collaboration with Warner Music, a long-term client of Sonopress. This new vinyl is produced using recyclable polyethylene terephthalate (PET) as its base material, which can also be made from 100% recycled PET, rather than polyvinyl chloride (PVC). Pressing the discs requires neither natural gas nor steam, and a test operation saw energy savings of up to 85 percent compared to the traditional process. A first production line for the innovative LPs – dubbed Eco Record – was put into operation by Sonopress on Thursday at its plant in Gütersloh, Germany, following a series of tests last year.
The Regional State Administrative Agency for Western and Inland Finland has given public notice of the environmental permit application filed for the Kaskinen paperboard mill of Metsä Board, part of Metsä Group, on 6 October 2023 The permit applications will be available for public statements and comments for 37 days at https://ylupa.avi.fi/fi-FI The mill project’s environmental impact assessment process ended on 22 September 2023 when the South Ostrobothnia Centre for Economic Development, Transport and the Environment issued its reasoned conclusion. Metsä Board initiated pre-engineering for the new paperboard mill in Kaskinen in the autumn of 2022. Planning is based on fossil free production and world-class resource, production and environmental efficiency. Metsä Board estimates that any investment decision will be made in 2024 at the earliest.
As sustainability efforts and initiatives continue to take the spotlight, a recent life cycle assessment (LCA) conducted for the Corrugated Packaging Alliance (CPA) shows that the corrugated packaging industry has achieved substantial reductions in the environmental impacts of corrugated cardboard boxes. A release from Fibre Box Association (FBA) revealed the details. “Reducing carbon emissions is the most important thing we can do for a more sustainable future,” said CPA Executive Director Bob McIlvaine. “Additional improvements in land, air, and water indicators highlight the industry’s progress and reaffirm our longstanding commitment to sustainable manufacturing across operations.” CPA is a corrugated industry initiative jointly sponsored by the American Forest & Paper Association (AF&PA), AICC – The Independent Packaging Association, FBA, and TAPPI, a release explained. Its recent LCA shows a 50 percent per unit reduction in greenhouse gas emissions between 2006 and 2020 for the corrugated packaging industry, showcasing its commitment to tackling climate change.
Amcor has been recognized for its AmSky™ and AmPrima™ more sustainable packaging solutions, earning a place on Walmart’s ‘Circular Connector’ platform. Circular Connector, established by retail giant Walmart, is a platform that makes it easier for sourcing teams and brands to quickly find more sustainable packaging solutions for the products they put on Walmart shelves. Being able to easily source more sustainable packaging solutions will enable the brands, and Walmart, to achieve their sustainability goals while driving a circular packaging economy. AmSky offers a world’s-first, recycle-ready blister pack for pharmaceuticals. AmPrima is a portfolio of recycle-ready packaging solutions with a low carbon footprint, applicable in different packaging formats from bags to packs and pouches, for both solid and liquid content.
As market demand for high-performance, sustainable building materials is increasing, Ahlstrom continues to grow its glass fiber tissue business and strengthen its manufacturing platform globally by completing a major investment at its plant in Madisonville, KY, U.S. Ahlstrom’s product portfolio for the construction industry, FibRoc®, offers carriers, facings, and backing solutions protecting against fire, flame spread, moisture, and water. All of Ahlstrom’s glass fiber tissue solutions are fluorocarbon-free and have formaldehyde-free options.
Graphic Packaging Holding Company announced it will permanently decommission the K3 coated recycled paperboard (CRB) machine in Kalamazoo, Michigan. The K3 machine is one of three CRB machines at the Kalamazoo facility and is the company's longest-running machine. K3 ceased operation on July 1 and today's announcement reflects the decision to permanently shut down the 125,000-tons per annum machine. Removing higher-cost, less efficient production capacity is part of Graphic Packaging's CRB optimization plan first announced in 2019 alongside the transformational investment in a new, state-of-the-art K2 CRB machine. Permanently decommissioning the older machine is the company's next step of network optimization. With K2 reaching expected quality, cost improvement and volume commitments ahead of schedule, the permanent decommissioning of K3 supports more efficient resource use and margin enhancement goals for the CRB network, while continuing to service increased customer demand for high quality coated recycled paperboard.
We’re excited to announce Canopy™, a sustainability program that provides a curbside-recyclable alternative to PE shrink film for tray bundling! We are collaboratively bringing this program to market with WestRock and just displayed Canopy™ with working demos during PACK EXPO 2023. Canopy™ Wrap has passed rigorous ISTA 3 Series testing, is coated for moisture and abrasion resistance, and provides a printable surface for showcasing branding. Canopy™ Equipment can be retrofitted to existing bundling machinery or installed as a dedicated high-speed bundler.
Greif, Inc. announced it has acquired Reliance Products, Ltd., a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada. The all-cash transaction, which reflects approximately 6.75x proforma adjusted EBITDA, was funded through Greif's existing credit facility. With a single operating location in Winnipeg, Canada, Reliance's operations are strategically located to serve the primary agriculture markets in North America. Reliance products utilize a unique in-mold fluorination barrier (IMF) process which provides a compelling additional capability to the Greif portfolio of barrier technologies.
Mactac® Engineered Tapes & Laminates announces it will have a leading presence at the 2023 Tape and Functional Film (TFF) Expo, showcasing a wide variety of bonding and laminating tapes for diverse applications. “Mactac has been providing specially engineered, high-quality adhesive tapes for bonding, mounting and fastening applications for more than 60 years and we are excited to show expo attendees what Mactac tapes are made of,” said Janet Page, General Manager, Mactac Engineered Tapes & Laminates, and TFF advisory board member. “Our products are constructed for high-performance long-term applications, economical temporary applications, and everything in between. They are formulated in-house, and they are cleaner and greener than other pressure-sensitive adhesives (PSAs) on the market.” Mactac tapes feature attributes such as high strength, excellent tack and peel, superior shear performance, near-immediate adhesion, ease of product handling and die-cutting, and chemical and UV resistance. Mactac leads the industry in sustainable manufacturing practices as one of the first manufacturers to specialize in 100% solids adhesive technology.
Conwed, a Mativ brand and globally recognized netting manufacturer, unveiled its newly refreshed branding and a contemporary website that more distinctly features its innovative extruded, oriented, and multilayer netting offering for agriculture, packaging and consumer goods, filtration, industrial, medical, erosion control, energy applications, and more. The new look honors Conwed’s legacy and credibility while advancing the brand as modern and innovative. The visual identity pays homage to the original Conwed logo and includes a globe representing how Conwed often “hold the world together.” “Conwed is well-known for its innovative products and industry leading quality. Our new visual identity reintroduces customers to the idea that Conwed is an essential partner of leading manufacturers in a variety of markets,” says Vishal Rao, President, Industrials business unit, Mativ.
Ahlstrom is extending its product range of pressure-sensitive adhesive packaging tape applications. MasterTape® Pack supplements the fiber-based product offering supporting megatrends like e-commerce and the global need for more sustainable packaging solutions. There are approximately 30 billion square meters of packaging tape worldwide, and the numbers are growing with the expansion of e-commerce. Ahlstrom's MasterTape® WAT and MasterTape® Pack offer a high-quality product range for packaging tape applications. They address the need for high-quality performance packaging tape backings while providing customers with a sustainability-driven tape solution that protects and secures packages with the utmost care.
Selecting the right protective packaging can significantly impact business operations. With considerations such as minimizing damage rates, improving throughput and aligning with environmental initiatives, it's essential to evaluate your options carefully. The most effective solution is not one-size-fits-all. A customized approach is essential whether you are in the consumer-centric world of e-commerce or the vast landscape of third-party logistics (3PL). Click Read More below to explore ways tailored protective packaging solutions can meet the nuanced needs of each industry.
The flexible “Koehler NexPlus® Seal Pure 40 gsm” packaging paper from Koehler Paper is the final piece in the games manufacturer’s quest to offer its customers 100% recyclable and sustainable products, entirely free from plastics, for both games and puzzles. The card decks for the board games “CATAN“ and “Halli Galli”, which were originally wrapped in cellophane, switched to flexible packaging paper from Koehler Paper back in 2022. Like all other Koehler NexPlus® papers, “Koehler NexPlus® Seal Pure” is also heat-sealable, and its sturdiness characteristics make it ideally suited for further processing on all commercially available packaging machines. “We can produce approx. 120,000 puzzles per week — from puzzles for small children to puzzles for adults with 6000 pieces. The stability of the packaging paper from Koehler Paper enables us to pack the products at the same speed as plastic film, for example“, says Marcel Riehle, Director Of Operations at Ludo Fact, explaining the decision to switch to paper. Ludo Fact produces up to 17 million units per year for around 200 games publishing companies worldwide. The company is the first manufacturer on the market that has been able to introduce sustainable paper packaging for its products in large runs and at optimal costs.
Pactiv Evergreen Inc. and ExxonMobil are teaming up to provide certified-circular packaging solutions to major food brands and foodservice providers. Pactiv Evergreen will soon offer its customers certified-circular polypropylene (PP) packaging products leveraging ExxonMobil’s Exxtend™ technology for advanced recycling. These innovative products will meet all regulatory requirements and specifications for food contact applications.
In today’s market, consumers are continuously seeking safe, innovative and convenient packaging that aligns with their different lifestyles and environmental values. To remain competitive and increase market share, brands around the world are searching for attractive and highly functional packaging solutions that enable them to stand out and attract consumers while helping them reach their sustainability targets. At Aptar Closures, we are dedicated to partnering with brands to provide innovative, high-performing and sustainable dispensing closures for a range of applications and markets around the world. We use our exceptional in-house expertise, consumer insights and industry partnerships to design, manufacture and commercialize solutions that improve consumers’ experience while unlocking growth opportunities for brands. In addition to creating memorable consumer experiences, Aptar Closures’ is committed to designing innovative solutions to help brands achieve their sustainability targets without compromising on quality or performance.
We are increasing our footprint in the Romanian market with an investment of over €13 million in our Ghimbav production site. Work at Ghimbav is expected to be completed by the end of 2023, and will support customers’ sustainability goals as well as reducing our carbon emissions on site. This investment will support ongoing plastic replacement with customers, increase capacity by over 20%, and significantly boost productivity. With a continued focus on innovation, the investment will further differentiate our offering in the market by supporting customers to reach environmental targets.
Thomasine Kamerling, Executive Vice President, Sustainability and Communications, and a member of Huhtamaki Global Executive Team has decided to leave Huhtamaki to pursue other career opportunities. “I want to thank Thomasine for her contribution during the last three and a half years, standing up our sustainability strategy, and paving the path to our 2030 ESG commitments to become first choice in our industry. Thomasine has also engaged actively with important stakeholders, particularly in the context of the evolving regulatory environment” says Charles Héaulmé, President and CEO of Huhtamaki.
Continuing a rapid development journey of sustainable and fiber-based packaging innovations, Ahlstrom passes Western Michigan Recyclability Certification for several food packaging base papers that utilize Ahlstrom’s proprietary FluoroFree® technology. “We are proud that our food packaging products passed Western Michigan University’s testing protocol for recyclability,” says Travis Dahlke, Vice President, Food Packaging Americas. “Achieving this certification offers our customers and the marketplace yet another fiber-based solution to reduce traditional non-renewable materials in packaging engineering and creates a positive end-of-life scenario that consumers are demanding.”
Mondi is bringing paper-packed dry rice to the UK for the first time, by collaborating with award-winning rice supplier Veetee. Veetee’s new rice packaging has been created using Mondi’s FunctionalBarrier Paper, providing a safe, secure and strong alternative to the industry standard plastic packs. Veetee and Mondi are the first in the UK to launch a paper-based alternative for dry rice, customised in direct response to consumer demands for more sustainable packaging. Mondi uses its customer-centric approach to evaluate the needs of the product, customer and consumer to deliver a fit-for-purpose solution - using paper where possible and plastic when useful. The company provided a full in-house solution for Veetee - sourcing certified renewable material, producing the certified kraft paper, add barrier functionality and printing it before delivering the final paper-based reels to Veetee for conversion and filling.
UPM Raflatac has achieved global approvals for its OptiCut™ Direct Thermal (DT) Linerless RL50 on Star Micronics mC-Label3 printers. These approvals further expand the label materials' proven performance in the hospitality environment. Extensive testing and approval processes have confirmed the exceptional efficiency and performance of the mC-Label3 printers when paired with OptiCut label materials. This synergy brings tangible benefits to quick service and fast casual kitchens, as well as other types of businesses in the hospitality sector.
The just released Paper and Packaging Board’s (P+PB) 9th annual State of the Campaign report details the positive impact of its sustainability campaign on the paper and packaging industry’s reputation and consumer preference. The national consumer campaign addresses consumers’ concerns about the use of forests to make products, showcases product innovations and plastic substitutions, educates why using paper products is a smart choice for the environment and reminds how to recycle properly. “The campaign is making an impact with consumers,” says Mary Anne Hansan, P+PB President. Learning the facts about the paper industry’s sustainability practices and product benefits dramatically improves whether our core audience sees the industry as part of the environmental solution or problem,” says Hansan. “After hearing our messaging, consumers' perceptions of our industry tend to increase based on our Attitudes and Usage Tracking Survey. When people feel like they are part of the environmental solution by choosing paper products, their likelihood of consuming more paper and packaging increases.”
Klabin, the largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil , held, today (21/9), the inauguration ceremony of Puma II, a project that marked the expansion of the Puma Unit, in Ortigueira (PR). This is the largest investment in the Company's history and the largest private investment ever made in the State of Paraná. With an investment of R$12.9 billion for the installation of two new paper machines, the MP27 and MP28, both in operation and with a total production capacity of 910 thousand tons of paper per year, Puma II reinforces the integrated business model , diversified and flexible company. Announced in 2019, the Puma II Project is part of Klabin's biggest growth cycle in its 124-year history. The first phase, completed in August 2021, included the construction and start-up of Paper Machine 27 (MP27), which manufactures the innovative Eukaliner®, the world's first kraftliner paper made 100% with eucalyptus fiber.
The development programme for Metsä Board's white kraftliner mill in Kemi has been completed in parallel with Metsä Fibre's new bioproduct mill. Metsä Board and Metsä Fibre are part of Metsä Group. In addition to increasing the mill’s capacity by 40,000 tonnes per year, the development programme will reduce the mill's energy consumption by 5% and water consumption by around 40% per tonne produced. The Kemi paperboard mill is the world's largest producer of coated white top kraftliner and its products are used as a surface material for corrugated packaging worldwide. The development programme will increase Kemi’s annual production capacity of white kraftliners to 465,000 tonnes, with the majority being sold in Europe and North America.
SCA's new facility in Obbola, outside Umeå, has now been inaugurated. This means that the paper mill has the world's largest machine for kraftliner and with it a significantly increased capacity to produce climate-smart packaging material. “This is very good for SCA’s and Obbola's competitiveness and gives us a better ability to deliver in a market that needs to grow as fossil packaging materials are phased out,” says Gustaf Nygren, Mill manager at SCA Obbola. Capacity for kraftliner production is increasing, from 450,000 tons to 725,000 tons annually. The most visible change at the facility is the addition of the world's largest machine, supplied by German Voith, for the production of kraftliner. The machine is 250 meters long and is estimated to weigh around 11,000 tonnes.
Graphic Packaging Holding Company published its 2022 Environmental, Social and Governance (ESG) report, demonstrating progress on all pillars in the company's ESG Vision 2025. The company achieved its climate intensity goals three years early and advanced decarbonization by seeking to set new, science-based climate targets to reduce absolute greenhouse gas emissions. Ethnic diversity reported among the company's U.S. employee base was more than double the industry benchmark, underscoring its commitment to a diverse and inclusive workplace. Graphic Packaging is aggressively pursuing a future fueled by renewable resources. Packaging solutions from the 27-country operation are made primarily with fibers from sustainably sourced trees or recycled materials. Nearly 65 percent of its energy is derived from renewable sources. Most of the company's packaging today is designed to be recyclable, promoting a circular economy.
Berry Global Group, Inc. announced a five-year power purchase agreement (PPA) with multinational renewable energy leader ACCIONA Energía to power all four of its facilities in Mexico with wind and solar power. Procuring nearly 100,000 megawatt hours (MWh) of cost-effective, renewable energy annually, this agreement is projected to avoid around 40,000 metric tons of carbon dioxide equivalent, or CO2e, annually – equivalent to taking over 15,000 cars off the road. This not only helps Berry meet its climate goals, it also helps Berry’s customers advance their ambitious sustainability goals by providing lower-carbon solutions. Utilizing a breakdown of around 70% wind and 30% solar, Berry’s San Luis Potosi, Cuautitlán Izcalli, Atlacomulco, and Tlanepantla sites across Mexico will consume 100% renewable energy thanks to this deal. San Luis Potosi is the largest site powered through the agreement, accounting for roughly two-thirds of Berry’s total energy consumption in the country..
The largest investment of the forest industry in Finland – the new Kemi bioproduct mill and the paperboard mill expansion – came into operation as planned on Wednesday 20 September 2023. The operations will start department by department. Pulp deliveries from the new mill to customers will begin in October 2023. “Metsä Group’s products replace fossil materials in people’s daily lives. Pulp and paperboard are used as raw materials for numerous consumer goods, and we are able to produce them in Kemi with considerably lower emissions. Finland needs sustainable investment that creates employment, income and a strong belief in the future,” says Ilkka Hämälä, President and CEO of Metsä Group. The Kemi bioproduct mill produces 1.5 million tonnes of softwood and hardwood pulp annually. It uses zero fossil fuels and will be completely waste-free by 2030.
WestRock Company announced that its wholly-owned subsidiary WRKCo Inc. commenced a consent solicitation through which it is soliciting consents from registered holders of the Notes to amend certain terms of the indentures governing the respective Notes. The terms and conditions of the Consent Solicitation are set forth in a consent solicitation statement dated as of September 20, 2023. Adoption of the proposed amendments with respect to the applicable Indenture for each series of Notes requires the Consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes of such series. The purpose of the Consent Solicitation is to obtain Consents from the Holders to (i) amend the definition of “Change of Control” applicable for the relevant series of the Notes under the Indentures to add an exception for the previously disclosed proposed business combination of WestRock and the Smurfit Kappa group announced by WestRock on September 12, 2023, pursuant to the transaction agreement entered into on September 12, 2023, by and among, inter alios, Smurfit Kappa Group plc, a public limited company incorporated in Ireland, and WestRock; and (ii) make any other changes of a technical or conforming nature to the Indentures necessary or desirable for the implementation of the proposed amendment above.
The Board of Directors of Stora Enso Oyj has appointed Hans Sohlström (58), M.Sc. (tech.) and M.Sc. (econ.), as the new President and CEO of Stora Enso as of today. Hans Sohlström is currently a member of Stora Enso’s Board of Directors from which position he is stepping down today. Stora Enso’s Board of Directors will now have eight members. Hans Sohlström has over 30 years of experience in business leadership, including over 10 years as CEO predominantly in the forest and renewable materials industries. Most recently he led Ahlstrom Corporation, Ahlström Capital and Rettig Group. Prior to that, for over 20 years, he held several leadership positions at UPM-Kymmene Corporation, such as Mill Director, Business Unit Vice President and was a member of the Group Executive Team responsible for Marketing, New Businesses and Biofuels, and Corporate Relations and Development.
International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash. In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM (USD) in cash and is divesting other non-material residual interests associated with Ilim. With the completion of these transactions, International Paper has divested all of its ownership interests in Ilim.
UPM Specialty Papers now offers a compostable solution for paper-based food stickers. UPM LabelCoatTM and UPM LabelCoatTM Prime label face papers are certified as both industrially (EN13432:2000) and home compostable (NFT51-800:2015), helping customers and brand owners meet EU’s Packaging and Packaging Waste Regulation proposal (PPWR) requirements. PPWR aims to ensure that all packaging in the EU must be reusable or recyclable by 2030. It also sets out the requirements that sticky labels attached to fruits and vegetables need to be compostable in industrially controlled conditions.
International Paper celebrated the opening of its newest state-of-the-art corrugated packaging facility in Atglen, PA. The new $100 million facility is providing more than 100 manufacturing jobs to Atglen and the surrounding communities. The new facility will produce corrugated packaging for produce, processed food, beverage, shipping, distribution and e-commerce customers. "Our corrugated packaging business is an important part of International Paper. This strategic investment will add local jobs and help us better serve our customers," said Tom Hamic, Senior Vice President and Chief Commercial Officer, International Paper.
IPG® has launched the new Tishma® brand AMS (Auto Mailer Machine) in partnership with Garrido Printing Equipment out of Miami, FL. The AMS is a revolutionary design that automatically creates a right sized, paper mailable package around each order. This high speed, inline system adjusts the creation of the mailer length to the product need, at a rate of 30 mailers per minute in random, or up to 80 per minute in a batched mode.
Pratt Industries, Inc. officially opened its $700 million 100% recycled paper mill and corrugated box factory in Henderson, Kentucky. It is the most technologically advanced and environmentally friendly paper mill ever built and will save the equivalent of 25,000 trees every day – more trees than are in New York City’s Central Park. “This is a very proud day for our company because this investment represents a major part of my recent pledge to the United States Ambassador to Australia, Caroline Kennedy, to invest $5 billion in recycling and clean energy infrastructure in the U.S. over the next 10 years,” said Pratt Executive Chairman, Anthony Pratt.
DS Smith PLC and Coca Cola HBC Austria have collaborated to replace plastic handles for 1.5 litre PET soft drink multi-packs with cardboard based outer packaging. This new plastic replacement solution will be delivered to supermarkets in Austria as of September 2023. The innovative packaging solution, DS Smith Lift Up, is a 100% recyclable corrugated handle which improves carry functionality for consumers and is designed to contribute together with other partners to the kraft paper and cardboard based solution that reduces around 200 tonnes of plastic each year for Coca-Cola HBC Austria.
IPG® (Intertape Polymer Group®) a leading manufacturer of packaging and protective solutions, is excited to introduce the new 170e water based acrylic pressure-sensitive carton sealing tape, designed with 30% recycled film. This construction is a significant step in reducing the consumption of new virgin raw materials, thereby providing an overall lower carbon footprint. 170e maintains the performance characteristics and reliability of the carton closure product line. It’s superior tack, UV resistance and broad application temperature performance mirror those of its non-recycled content counterparts and is ideal for both manual and automated applications. 170e is one of several new product launches that support and contribute to IPG’s sustainability and circularity goals. IPG continues to embrace sustainability as a key strategy for achieving the company vision and mission, and as a primary driver of operational excellence.
SCA has been nominated for the German National Sustainability Award, Deutscher Nachhaltigkeitspreis, which is presented in collaboration with the German federal government and several prominent organizations. “It's gratifying that our systematic climate and sustainability efforts are being recognized and proposed for such a prestigious honor. We are, of course, proud of this recognition. We have put a lot of effort into developing sustainability throughout the entire value chain,” says Hans Djurberg, Head of Sustainability, SCA. SCA has been nominated for the German Sustainability in two different categories: raw materials and agriculture and forestry.
Berry Global Group, Inc. earned an “A” environmental, social, and governance (ESG) rating from international ratings agency MSCI for its progress managing ESG risks and opportunities, including improvements in Carbon Emissions, Labor Management, and Packaging Material and Waste. “We are honored to receive such high recognition from MSCI for our continued efforts to increase transparency and prioritize key environmental and social issues across our global business, while strengthening Berry’s resilience to long-term ESG risks,” said Tom Salmon, CEO of Berry Global. “This improved 'A' rating reflects our ongoing investments in our workforce as well as our commitment to reducing the environmental impact of packaging and achieving net-zero emissions by 2050.”
Following the announcement of a possible combination dated 7 September 2023, the Boards of Smurfit Kappa, a FTSE 100 company, and WestRock are pleased to announce the signing of a definitive transaction agreement to create Smurfit WestRock, a global leader in sustainable packaging. The Boards of Smurfit Kappa and WestRock see compelling strategic, commercial and financial rationale for combining Smurfit Kappa and WestRock’s highly complementary paper-based packaging companies to create a global leader in sustainable packaging. The Combination will enhance Smurfit Kappa and WestRock’s existing offerings by creating the global “Go-To” packaging partner of choice and bringing together: *Smurfit Kappa’s industry-leading operational execution and innovation as a European leader in corrugated and containerboard as well as its large-scale pan-regional Americas presence that delivers best-in-class performance and returns; and *WestRock’s leadership in the United States as well as its strong footprint in Brazil and Mexico, across corrugated and consumer packaging delivering a broad portfolio of packaging solutions serving diverse, growing end-markets.
Tetra Pak is pleased to announce the first Custom Printing collaboration. The launch follows the successful validation of the Tetra Pak® Custom Printing solution, encompassing over 100 million packages, and is set to unleash new business and marketing opportunities with increased flexibility and customization, all within the package in the consumer’s hand. Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”), distributing a naturally alkaline spring water across U.S. and Canada, is the first brand to leverage this unique technology to create one-of-a-kind designs, for a truly immersive and engaging consumer experience. "In today’s world, brands need the ability to quickly activate marketing efforts and capitalize on consumer trends. Tetra Pak® Custom Printing allows brands greater agility than ever before to create impactful, unique campaigns that diversify their advertising strategies in a cost-effective way,” said Pedro Gonçalves, Marketing Director U.S. and Canada, Tetra Pak. “We are prou
Mondi has partnered with Robopac, a world-leading manufacturer of pallet-wrapping machinery, to offer a seamless and more sustainable paper wrapping solution for pallet storage and transportation. The two organisations collaborated closely to develop the solution, combining Mondi’s expertise in packaging and paper with Robopac’s know-how about wrapping machines. Robopac’s new paper wrapping machine uses Mondi’s Advantage StretchWrap which is 100% kraft paper, delivering excellent protection for palletised goods due to high strength, puncture resistance and tension absorption. The paper is created with responsibly sourced, renewable materials, containing no plastic or coating making it fully recyclable in existing waste streams across Europe. Robopac’s semi-automated and fully automated machines can both take Mondi’s Advantage StretchWrap, allowing customers to replace unnecessary plastic which is currently the industry standard for pallet wrapping.
Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock (NYSE:WRK) and one WestRock paper mill in Chattanooga, Tennessee. The acquisition, originally announced on November 9, 2022, will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this acquisition was $330 million, subject to customary price adjustments. The Company funded the acquisition with borrowings under its existing credit facilities and cash on hand. After the transaction, the Company’s net debt to adjusted EBITDA ratio is less than 2.9x. The acquisition is expected to be immediately accretive to earnings per share, excluding the impact of purchase accounting adjustments.
Berry Global Group, Inc. announced that it has initiated a formal process to evaluate strategic alternatives for its Health, Hygiene and Specialties segment (“HH&S”). HH&S is a leading provider of nonwovens, specialty films, and tapes for a broad range of end markets, including healthcare, hygiene, consumer, building and construction, and industrials. The segment is well-positioned in its core businesses, providing value-added products to many of the world’s leading brand owners. The Company is considering a wide range of available alternatives to maximize shareholder value, including, but not limited to, a sale, strategic partnership or joint venture, spin-off to shareholders, or other separation transaction for some or all of the businesses within HH&S. Importantly, the Company expects current members of the HH&S leadership team will continue to lead the business in any anticipated outcome.
IPG® has launched the new Tishma brand SafeSeal-AI™ Vision Inspection System which offers a reliable, repeatable, and precise inline seal and product inspection process. “We have harnessed the power of A.I. to offer an unbelievably easy to use in-line heat seal inspection system for the food and medical industries,” explains Micah Ordway, IPG Product Manager - Machinery. “We applied our deep-learning A.I. vision tools to thermal images to find sealing, product or packaging defects - including those that are almost impossible to find with rules-based vision tools or even standard vacuum-check inspections.” This PC-based, turnkey inspection system includes everything needed to reliably inspect heat sealed trays, bags, or packaged products at a rate of 300 scans/minute and includes 20 TB of data storage.
Colbert Packaging announces its new robotic solution for product palletization operations. Designed for fully automated and integrated labeling, orientation and palletization, the new customized system is expected to streamline the current manual processes. Colbert partnered with RōBEX, an industrial robot integration provider, to assess operational challenges and identify a solution. The RōBEX team, with expertise in automotive, aerospace, food and beverage, and palletizing, worked alongside the Colbert team to design the new system. Developing this system was a complex task, given Colbert’s diverse needs. The solution needed the capability to pick and palletize multiple case variations and pallet configurations. Colbert also needed to manage multiple tier sheets and pallet types. RōBEX’s extensive expertise and innovative design approach led to the creation of a unique End-of-Arm Tool (EOAT) that proficiently handles all requirements. The RōBEX solution included a design blueprint, integration plan and meticulous cycle time calculations before final implementation.
Ardian, a world-leading private investment house, has sold its investment in Soteria Flexibles Holdings LLC to TJC LP (TJC). With the Ardian North America Fund team’s support, today Soteria Flexibles is a North American leader in short-run, custom flexible packaging manufacturing serving the healthcare, fresh food, industrial, foodservice, janitorial/sanitation and commercial markets. Led by CEO Brad Herbolsheimer and headquartered in Carol Stream, IL, Soteria Flexibles was created in 2019 following Ardian’s platform acquisition of Colonial Bag, a family-owned company based outside Chicago. It provides customized high-quality packaging products in relatively small volumes to specialized businesses in underserved, high-growth sub-segments that need tailored specifications.
Inteplast Group’s BOPP Films and Engineered Films (IEF) have developed a film portfolio of recyclable, mono-material flexible packaging featuring cutting edge biaxially oriented polyethylene (BOPE) films and low seal initiation temperature (SIT) sealant webs. The portfolio will be exhibited at this September’s Pack Expo in Las Vegas. When used in tandem, these BOPE films and low-SIT sealant webs support the industry-wide shift toward flexible packaging that is recycle-ready and circular economy friendly. Potential applications include stand-up pouches, fresh-cut produce packaging, cold-seal packaging, and vertical and horizontal form, fill and seal.
Smurfit Kappa Group confirms that the boards of directors of Smurfit Kappa and WestRock Company are discussing the key terms of a potential combination to create Smurfit WestRock, a global leader in sustainable packaging. The Potential Combination would be expected to involve the creation of a new holding company, Smurfit WestRock. Smurfit WestRock would be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and North and South American operations headquartered in Atlanta, Georgia. The Potential Combination would be effected through an Irish scheme of arrangement involving Smurfit Kappa and a merger of a subsidiary with WestRock. Any such combination would result in WestRock shareholders receiving consideration consisting primarily of shares of the Combined Group.
Mondi is delighted to launch a new more sustainable sleeve packaging, created to replace conventional plastic shrink wrap around 1.5 litre sparkling soft drink multipacks produced by Coca-Cola HBC in Austria and keep them secure. Mondi’s Hug-IT, which keeps six bottles together during transportation, is made of Mondi’s Advantage SpringPack Plus, crowned by Guinness World Records as the strongest paper in the world.¹ The Hug-IT sleeve has high tensile strength and incomparable stretchability, so it can be trusted to wrap around the six bottles tightly, keeping them upright and held together during transit – from factory site, to retailer, to the consumer’s home. It will secure 1.5-liter PET multi-packs of the Coca-Cola, Fanta, Sprite and Mezzo Mix brands and will be sold in retail outlets throughout Austria. Hug-IT is an innovative solution, and Advantage SpringPack Plus is currently the only paper on the market offering such unique capabilities, being strong enough holding the bottle bundles together as final Hug-IT solution.
Tredegar Corporation announced that it has agreed to sell its flexible packaging films business to affiliates of Oben Group for net debt-free base consideration of $116 million. Terphane, which solely comprises the flexible packaging segment reported by Tredegar, has approximately 500 employees with manufacturing sites located in Cabo de Santo Agostinho, Brazil and Bloomfield, New York, and headquarters located in São Paulo, Brazil, and exports to 29 countries. Tredegar expects to realize after-tax cash proceeds from completion of the transaction of $85 million after deducting projected Brazil withholding taxes, escrw funds, US capital gains taxes and transaction costs. Actual after-tax proceeds may differ from estimates due to possible changes in deductions during the potentially lengthy interim period (expected to be between 8 and 14 months) to the closing date. For the 12 months ended June 30, 2023, net sales and EBITDA from ongoing operations for Terphane were $152 million and $16.4 million, respectively.
IPG (Intertape Polymer Group), a leading manufacturer of highly automated packaging machinery and turnkey solutions, has launched the new Tishma brand HYDRA™2, a fully automatic random case erector and bottom sealer. The HYDRA2 is a random case erector that offers manual box selection or seamless data connectivity with your Warehouse Management System for superior operational management and control.
Metsä Group’s Kemi mills are getting ready for a maintenance and connection shutdown to prepare for the deployment of the largest ever investment of the forest industry in Finland – the new bioproduct mill and paperboard mill expansion in Kemi. The shutdown will begin on Sunday, 10 September 2023, and the aim is to start up the mills on 20 September 2023. During shutdown, odours may occur, and there may be temporary traffic congestion around the mill area, especially at the beginning of the week starting on 11 September. Odours may also occur before the shutdown due to preparations for the bioproduct mill's start-up.
Stora Enso has progressed with its restructuring actions, announced on 15 June 2023, aimed at strengthening the Group’s long-term competitiveness and creating a decentralised and more customer centric operating model. These actions would reduce the number of employees by approximately 1,150. The parts of the change negotiations completed so far, will result in a reduction of 710 employees. Closure of pulp unit in Finland, Biomaterials division; Restructurings in the Packaging Materials division; Closure of sawmill in Estonia, Wood Products division; Group office employee reductions.
Holmen Iggesund launches Inverform PET 30, a 30 gsm version of its popular ready-made meal trays. This unique product will help customers lower their climate impact substantially. Compared to the 40 gsm version, the reduction is more than 25%. Food trays made from combined paperboard and PET coatings offer better recyclability than trays made entirely with fossil-based materials. And as well as having a fat and moisture barrier, the PET coating ensures extreme temperature resistance. This makes it ideal for trays that are placed into microwave or conventional ovens with ready-made chilled and frozen food.
Greif, Inc. announced it has acquired 51% of the ownership interest in ColePak, LLC in an all-cash transaction funded through Greif's existing credit facility. ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche. As partners, ColePak adds a completely new product offering to the Greif paper converting portfolio, which provides integration to the Greif mill system in both containerboard and URB grades. Additionally, the ColePak margin profile is immediately accretive to the Greif portfolio. A shared set of company values, a growth-oriented business profile, and exposure to stable and growing food and beverage end markets all further highlight the strong strategic fit, which closely reflects the growth priorities we outlined at our Investor Day in 2022.
Ahlstrom is further extending its range of release papers by introducing new products supporting sustainability and circularity in manufacturing Pressure Sensitive Adhesive (PSA) laminates and labels. Ahlstrom strives to develop sustainable products, support the transition to more renewable, bio-based materials, and enable more efficient use of resources. In line with these targets, Ahlstrom is extending its Acti-V® range of high-performance label release liners with new products offering novel options to sustainability-driven laminators, label printers, and end-users, thanks to the use of post-consumer recycled fibers and unbleached cellulose fibers: *Acti-V® RF Yellow is a supercalendered release paper including at least 15% post-consumer recycled fiber, featuring the typical light-yellow color of paper liners that carry most PSA paper labels in Europe. *Acti-V® RF Natural is a supercalendered release paper featuring a light creamy color, naturally resulting from the blend of at least 15% post-consumer recycled fiber and unbleached and bleached cellulose fibers.
Amcor announced the North American launch of curbside-recyclable AmFiber™ Performance Paper packaging, part of the company’s AmFiber portfolio. Prequalified by How2Recycle®, performance paper meets the repulpability standards for curbside recycling, allowing brands to provide consumers with more sustainable end-of-life outcomes for packaging. Paper-based packaging alternatives employ innovative technologies to deliver the right barrier, shelf-life, and machine performance to meet brand and product needs. Consumers often seek paper-based packaging to deliver a more sustainable end-of-life, due to widespread curbside paper collection and recycling. And on the shelf, paper-based solutions meet consumers’ preferences for a natural look and feel.
R.R. Donnelley & Sons Company (RRD), a leading global provider of marketing, packaging, print, and supply chain solutions, highlights the impact of continued eCommerce growth based on its 2023 (Un)Packaging Reality Report. Sixty percent of RRD’s survey respondents reported continued upticks in eCommerce orders through 2022, and of those, 62% said they are working to level-set expectations for inventory due to over-corrections on COVID-19-related shortages. Findings also suggest brands are giving similar attention to packaging design for online and in-person retail. Survey respondents represented packaging and labels decision-makers from a wide range of different product categories. The top categories seeing upticks in eCommerce orders were center aisle food brands (77%), personal care and cosmetics brands (72%) and household products (68%). Across all categories, 92% of affected respondents reported an increase in packaging needs and 86% saw an increase in labeling needs over the past year. However, respondents from the appliances and durable goods category seemed uniquely impacted. While 64% of packaging and label decision-makers in this category reported a rise in eCommerce orders, 98% reported increased packaging needs tied to eCommerce activity.
Diversified Labeling Solutions (DLS), a national converter of pressure-sensitive labels, has added a new Mark Andy Rotoflex DLI 500 series semi-rotary die cutter to its nationwide fleet. Installed in DLS’ Itasca, IL headquarters, the new Rotoflex is part of the company’s ongoing focus on updating and modernizing its fleet of label conversion equipment. The Rotoflex DLI is a top-of-the-line die cutting platform. It is designed with efficiency and accuracy in mind, offering high-speed precision, quality control and flexibility. By investing in this state-of-the-art technology, DLS solidifies its position as a leader in the label industry. The upgraded die cutter not only enhances production capabilities but also demonstrates the company's commitment to staying ahead of the curve and adopting the latest advancements in printing technology.
Largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, and the only one in the country to offer short, long and fluff fiber pulp to the market, Klabin received approval for its use in Blue Angel products – the world's first environmental label, linked to the German Ministry of the Environment and the RAL gGmbH as competent bodies. Created in 1978, the seal takes a holistic view of a product's life cycle in order to assess its sustainability. The German agency approved the PineFluff line, Klabin's fluff cellulose, for use in products that are already or may be certified by Blue Angel, such as children's diapers, adult diapers and feminine sanitary pads. PineFluff's production was designed to provide the stability, homogeneity and quality that the segment of absorbent products requires. Among its properties are low defiber energy, high absorption capacity and speed, liquid retention and uniformity. Alexandre Nicolini, director of Klabin's Pulp Business, reinforces that the adoption of sustainable processes in production is extremely important, as well as the search for partners that endorse the work carried out. “Our Company is committed to offering the market innovative solutions that add productivity and sustainability. Blue Angel attests that the product's lifecycle has less impact on the environment,” he explains.
Ahlstrom has entered into an agreement to divest its Stenay plant in France to Accursia Capital, following the announcement of Accursia Capital’s binding offer in July. The divestment was confirmed after receiving endorsement from the site’s employee representatives. The transaction is expected to be completed by the end of September. "We are delighted to announce this positive outcome for the future of our Stenay plant, its employees and the community of Stenay. This would not have been possible without the role of our team on site and the collaboration of all stakeholders. A new chapter in the plant's history starts now with Accursia Capital,” says Mark Ushpol, EVP, Food and Consumer Packaging division. "This acquisition is part of a long-term investment strategy aimed at making Stenay a leading player in the highly competitive paper-based packaging market. We therefore look forward to developing the business of the Stenay site in collaboration with the employees," says Martin Scheiblegger, Managing Director of Accursia Capital.
Sustainable, paper-based frozen food packaging is now a reality! Ahlstrom and The Paper People LLC have codeveloped and launched an innovative and sustainable solution for frozen food packaging. This new line of fully fiber-based, recyclability-certified packaging is specifically designed to replace traditional fossil-based plastic and films for frozen food packaging. “This new package is designed to be used on existing packaging equipment including vertical form-fill-seal, stand-up pouches and SOS style systems,” said Neil Bretl, President for The Paper People. “The package can also be used in flow wrap and bundle wrap applications. We worked diligently to ensure these materials could easily replace traditional non-renewable substrates on existing equipment.”
Aptar Closures has been the industry leader in providing flow control dispensing solutions for more than 25 years. Its award-winning SimpliCycle recyclable valve is driving sustainability to the forefront of packaging innovation, and in September 2022, RecyClass confirmed its full compatibility with polypropylene (PP), polyethylene terephthalate (PET) and high-density polyethylene (HDPE) recycling streams. RecyClass is a non-profit, cross-industry initiative facilitating the transition toward a circular plastic economy in Europe. The organization published Design for Recycling Guidelines and, in partnership with independent laboratories, evaluates a variety of products to assess their ability to be recycled. The RecyClass approval provides brands with confirmation that Aptar closures featuring the SimpliCycle valve can directly contribute toward their full packaging recyclability goals. As a result, this summer, SimpliCycle has launched in a variety of dispensing closures with brands in several consumer end markets in Europe.
TC Transcontinental Packaging, the Packaging Sector of TC Transcontinental, announces an investment of $60M US (approximately $80M CAD) toward the development of cutting-edge mono-material recyclable flexible plastic packaging solutions, providing high-performance polyethylene films with more heat resistance. In addition to a new innovative film line that will produce biaxially oriented polyethylene (BOPE), a first in North America, the investment includes ancillary equipment and a 120,000 sq. ft building expansion in TC Transcontinental Packaging’s Spartanburg, South Carolina facility. “This new offering will be a game changer in TC Transcontinental's recyclability journey, demonstrating our commitment to distinguish ourselves and gain market share with innovative sustainable solutions for our customers,” said Thomas Morin, President and CEO of TC Transcontinental. “Our offering aligns with our customers’ desire to accelerate speed to market with recyclable products that also protect and preserve their contents throughout their lifecycle, in addition to creating a more circular economy for plastic.”
Mondi has collaborated with Fressnapf, Europe’s market leader for pet supplies, to switch their packaging to a new range of premium mono-material recyclable solutions using process colour printing technology. Fressnapf | Maxi Zoo’s exclusive brand SELECT GOLD dry pet food range will now be packed in Mondi’s FlexiBag Recyclable, BarrierPack Recyclable and Recyclable StandUp Pouches. These mono-material packaging solutions provide strong barrier properties providing protection from moisture, fat and odour and are strong and flexible to pack and store. As certified by Institute cyclos-HTP, the mono-material packaging is recyclable with other mono-polyethylene (PE) films using various existing recycling streams across Europe, contributing to a circular economy. The adaptability of the packs enabled Fressnapf | Maxi Zoo to design around 150 pet food packaging designs from 300 g to 12 kg. All packaging sizes offer long shelf life and ease of use for consumers.
The American Forest & Paper Association (AF&PA) released the July 2023 Packaging Papers Monthly report. According to the report, total packaging papers & specialty packaging shipments in July remained essentially flat (+0.4%) compared to July 2022. They were down 3% when compared to the same 7 months of 2022. Shipments of the biggest subgrade in unbleached packaging papers — bag & sack — were 89,400 short tons for the month of July, down 1.1% year-to-date. The bleached packaging papers operating rate was 78.0%, up 5.4 points from July 2022 and down 2.2 points year-to-date.
Australia’s leading tea producer Madura Tea has taken a significant step toward reducing its own impact on the environment: All packaging materials that were previously based on metalized OPP (oriented polypropylene) have been switched to flexible packaging paper. Together with Gundlach Packaging Group and Koehler Paper, Madura Tea has found the ideal packaging paper for its products in the form of “Koehler NexPlus® Seal Pure MOB 72 gsm,” which has a mineral oil barrier and offers protection against MOSH/MOAH. After several promising tests, the products are now available on the Australian market.
Fiscal 2023 Full Year Highlights • Net sales of $14,694 million, in line with the prior year on a comparable constant currency basis; • GAAP Net Income of $1,048 million; GAAP diluted earnings per share (EPS) of 70.5 cps; • Strong total cash returns to shareholders of $1.2 billion: annual dividend increased to 49.0 cents pershare; $431 million of shares repurchased (approximately 3% of outstanding shares); and • Fiscal 2024 outlook: Adjusted EPS of 67-71 cents per share. Adjusted Free Cash Flow of $850-950million.
Berry Global Group, Inc. announced that its Board of Directors has unanimously elected Kevin Kwilinski as Chief Executive Officer of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO and Chairman, and he will remain with the Company through the end of the calendar year in an advisory capacity to ensure a smooth transition. Mr. Kwilinski brings to Berry nearly three decades of experience in the packaging industry and a track record of driving operational excellence, expanding margins and managing complex global operations. He currently serves as President and CEO of Multi-Color Corporation, a global provider of label solutions, where he successfully led and integrated multiple acquisitions, resulting in significant EBITDA and revenue growth while delivering above target commercial and operational synergies.
Cardboard is one of the most widely recycled materials in the world. This guide will showcase the seven key steps of how cardboard is recycled, showing the journey of cardboard from waste collection, right through to its new life. Recycling cardboard helps protect the environment and saves valuable resources from landfill. Understanding the recycling process is key to ensuring that cardboard is stored and collected correctly, reducing contamination, and helping to enable a circular economy. Our Recycling, Paper and Packaging divisions at DS Smith work together to achieve this every day. Step 1: Cardboard sorting and storage. Step 2: Managing the quality of cardboard at the recycling facility. Step 3: Transportation to paper mills. Step 4: Processing the cardboard bales to pulp. Step 5: Making the paper. Step 6: Creating the paper reels. Step 7: Creating the cardboard.
Phoenix Flexibles has one plant located in Gujarat, India, and the business generates annual revenue of approximately US$20 million from the sale of flexible packaging for food, home care and personal care applications. Amcor currently has four flexible packaging plants in India. The business has delivered double-digit organic sales growth per annum over the last three years, significantly outpacing growth in the underlying market, and is also investing to double its local footprint in the Pharmaceutical and Medical packaging categories.
"Strong liners with excellent printability don’t need to be thick and heavy. With 100% virgin fibers and a multi-layer construction, Billerud´s coated liners are so strong that packaging converters can use a lighter base weight which means better packaging performance and runnability at lower costs. This improves their resource efficiency and reduces their carbon footprint throughout the value chain,” says Rolf Gustafsson, Senior Director Product Management Containerboard at Billerud. The Pure Coated Liner portfolio consists of: Pure Supreme: a double-coated white top kraftliner for litho-laminated packaging, suitable for high quality prints as well as effects like lacquer, foil and embossing. Pure Decor: a light-coated white top kraftliner with a smooth surface suited for high quality pre- and post-print flexo- and digital print applications.
Developed in collaboration with Megaflex Schaumstoff, a family-owned manufacturer for flexible foams, mattresses and sleeping products, Protector Bag ExpandForm replaces the current plastic packaging for mattress rollpacking with a flexible and recyclable paper bag solution. The innovative packaging not only helps to reduce plastic waste but also ensures optimal product protection and handling during the transportation and storage of rolled mattresses. Its unique design and superior strength provide secure packaging that retains its shape and protects the mattresses throughout the transport journey. The great partnership between Mondi and Megaflex Schaumstoff ensured a smooth transition, and implementation of the new solution, with only a few adjustments to the packaging machinery. By the end of 2023, Megaflex plans to switch its entire range of mattress rollpacking to paper packaging, which is already used for instance by Bett1 to package its kids’ mattresses.
We are proud to announce that our production facility has passed its annual food safety inspection and audit performed by the American Institute of Baking (AIB) International. We received a Superior rating. This certificate of achievement signifies that Lamitech produces clean, safe paperboard products qualified for sanitary use in the food industry. As part of the review process, Lamitech was asked to demonstrate performance in the areas of operational methods and personnel practices, sanitation program and procedures, integrated pest control, overall maintenance and thoroughness of documentation to validate on-going activities. Lamitech’s food safe packaging includes Cake Boards, SBS, Polyguard and Sammyboard fish boards.
At EUR 2,181.4 million, the consolidated sales of the group were slightly below the previous year's figure (H1 2022: EUR 2,218.5 million). A decrease in the MM Board & Paper division, which was mainly due to volume, was offset by an increase in the MM Packaging division due to acquisitions and prices. The operating result fell by EUR 181.0 million from EUR 285.0 million to EUR 104.0 million. This decline is mainly due to extensive shutdowns at MM Board & Paper due to market and remodeling. The Group's operating margin was therefore 4.8% (H1 2022: 12.8%). The profit for the period fell from EUR 205.8 million to EUR 63.3 million.
Sonoco has added two new cold seal structures to the growing family of EnviroFlex® Paper products receiving How2Recycle® Widely recyclable pre-qualification. EnviroFlex Paper Ultimate (ULT) 1.0 CS and Advanced (ADV) 4.0 CS are the first of their kind to bring cold seal properties to curbside recyclable paper packaging. This results from Sonoco’s ongoing efforts to develop and provide a range of innovative and sustainable packaging solutions to meet the challenging needs of consumer-packaged goods companies in today’s competitive market. The ULT line of paper-based packaging has high oxygen, moisture, and grease barrier, ideal for moisture sensitive applications like pet treats and products containing nuts. The ADV line provides optimal performance for medium level oxygen and moisture barrier applications, like confections and powdered products.
Second quarter 2023 net income (loss) was $(18.9) million compared to net income (loss) of $14.9 million in the second quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(2.0) million in the second quarter of 2023 compared with $17.2 million in the second quarter of 2022.
*GAAP: Net sales of $3.2 billion; Operating income of $267 million; Earnings per share of $1.18 *Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.90 *Returned $115 million to shareholders in the quarter ($83 million via share repurchases and $32 million in dividends)
Net sales of $1.38 billion, down 3% as reported; down 1% constant currency Net earnings of $94 million, down 18% Earnings per share (Diluted) of $0.65, down 16% Cash flow from operations (year to date) use of $7 million Cash flow from operations includes the impact of the $175 million tax deposit
International technology group ANDRITZ has received an order from Stora Enso to optimize the fiberline at the Enocell pulp mill in Uimaharju, Finland. This will help the customer meet the growing demand for non-bleached renewable packaging materials while at the same time reducing its ecological footprint. The Enocell pulp mill in eastern Finland is part of Stora Enso’s Biomaterials division. It produces softwood and hardwood pulp with an annual production capacity of 630,000 tonnes. The site was founded in 1967 and also includes a sawmill.
Amcor, a global leader in developing and producing responsible packaging solutions, announced that it has earned two AmeriStar awards from the Institute of Packaging Professionals (IoPP) for its McCoy™ dunnage free IBC liners for bulk liquid aseptic products, and Perflex® S grab-n-go shrink bags for meat and poultry. McCoy™ Dunnage Free IBC Liners for Bulk Liquid Aseptic Products Reduces Costs Up to 40% - The 330-gallon McCoy™ dunnage free bulk container liner reduces waste and cost, while enhancing sustainability. The combination of co-polymer blends and decreased materials per ply makes the package less susceptible to pinhole leaks and flex-cracking during transit. Perflex® S Grab-n-go Shrink Bags for Meat and Poultry - Amcor uses an inventive handle design in a shrink bag header to create a one-piece shrink bag that makes it easy to lift and carry slick, heavy, fresh or frozen meat and poultry up to 22 pounds. New Perflex® S shrink bags with integrated grab-n-go handles eliminate the need to use plastic netting with a clipped loop, which previously was the only option to provide a handle to carry heavy products such as turkeys.
Crown Holdings, Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition of the Saarlouis facility will expand Crown's European beverage can platform to Germany with approximately one billion units of annual can capacity. At closing, and as part of the agreement, Crown will assume the existing Helvetia customer base and accompanying contracts. The unmatched sustainability benefits and infinite recyclability of aluminum has led to an increasing preference for beverage cans to serve both the alcoholic and non-alcoholic drinks segments.
Second Quarter 2023 Financial Highlights: *Net Revenues of $1,426 million for the second quarter of 2023 were down 13% compared to $1,640 million in the second quarter of 2022 and approximately flat compared to $1,431 million in the first quarter of 2023. *Net Loss of $139 million for the second quarter of 2023 compared to $74 million of net income in the second quarter of 2022 and a net loss of $133 million in the first quarter of 2023.
Faced with a labour shortage, this Vaughan, Ont.-based blown film coextruder is using a mix of hiring and retention strategies to staff up. A boxer on the receiving end of a few one-two combos – a jab and the straight right hand – can have his lights turned out pretty quickly. For manufacturers, the one-two combo of a shortage of both skilled workers (which predated the COVID-19 pandemic) and unskilled workers (triggered by the pandemic and continuing to this day) can put a business out of business, literally turning out the lights for good. The ongoing workforce crisis is the most pressing challenge facing manufacturers today, and plastics processing – which is technologically-driven but also labour-centric – can be particularly vulnerable.
Highlights • Strong delivery from continuing operations against the backdrop of challenging market conditions ◦ Underlying EBITDA of €680 million, down 28% (H1 2022: €942 million) ◦ Basic underlying earnings per share (EPS) of 67.0 euro cents, down 32% (H1 2022: 98.7 euro cents) ◦ Improved cash generated from operations of €554 million (H1 2022: €519 million) ◦ Robust balance sheet at 0.8 times net debt to underlying EBITDA (31 December 2022: 0.5 times) ◦ Return on capital employed (ROCE) of 19.1% (31 December 2022: 23.7%) • Delivering value accretive growth, sustainably ◦ €1.2 billion of expansionary projects on track and on budget ◦ Announced acquisition of Hinton Pulp mill (Canada) • Sale process of Syktyvkar mill ongoing within an evolving political and regulatory environment
Third Quarter Highlights and other notable items: *Net sales of $5.121 billion *Net income of $202 million, Adjusted Net Income of $229 million *Earned $0.79 per diluted share (“EPS”) and $0.89 of Adjusted EPS *Consolidated Adjusted EBITDA of $802 million; Corrugated Packaging segment Adjusted EBITDA increased 11.6% year-over-year *Results negatively impacted by $89 million due to economic downtime and a $39 million increase in non-cash pension costs year-over-year; WestRock’s U.S. qualified and non-qualified pension plans remain overfunded
Key Points: *Revenue of €5.8 billion *EBITDA of €1.1 billion and an EBITDA margin of 19.1% *Return on capital employed of 19.0% *Free Cash Flow of €119 million
The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin recorded Adjusted EBITDA (Earnings before Interest, Taxes, Fees, Depreciation and Amortization) of R＄ 1,344 billion in the second quarter of 2023, a decrease of 27% compared to the same period of the previous year, excluding one-off effects. In the second quarter of 2023, the company achieved net income of R＄4.293 billion. It is worth highlighting the corrugated cardboard segment, whose revenue grew 5% in the second quarter of 2023 in the annual comparison. The positive result reinforces the benefits of Klabin's integrated business model. The ROIC (return on invested capital) reached 17.4% in the last 12 months, proving the Company's ability to generate value for shareholders even in challenging economic scenarios.
Highlights: *Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. *Net Income was $150 million, an increase of 127% versus the prior year quarter. *Earnings per Diluted Share were $0.49, an increase of 133% versus the prior year quarter. *Announcing definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. *Board of Directors approved $500 million increase to share repurchase authorization.
Hood Container Corporation announced today that it has acquired the corrugated packaging business of Dalton, GA based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton, GA. Hood will continue operating these assets in the current facility. These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities. Charlie Hodges, President and COO of Hood Container Corporation, commented, “The Dalton facility will provide additional capacity and new capabilities to Hood’s presence in the markets we serve. We are excited to add these capabilities to Hood’s offerings to better serve and care for our existing and new customers.”
Summary *Strong performance and cash flows despite operating in a generally disruptive demand environment *Most of our businesses were at or above expectations for the quarter due to commercial and operational excellence, with particular strength in the flexible packaging and rigid paper container businesses, offset by weakness in the metal packaging and industrial North American region businesses *Inventory management and destocking trends among our customers as well as inflationary pricing pressures led to lower and increasingly uncertain demand which impacted operational efficiency in our metal and industrials businesses *Remained disciplined in managing working capital to generate $349 million of operating cash flow in the first six months of 2023
DS Smith, a leading sustainable packaging provider, today announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia. The acquisition is complementary to the business’ existing regional packaging activity in Eastern Europe, and will support its growth drive in the region. With a focus on fast moving consumer goods (FMCG) customers, Bosis doo is particularly well suited to complement DS Smith’s strategy in the region, which targets higher growth and margin opportunities through its sustainable performance packaging customer proposition. The acquisition will be structured as a share transaction and is expected to complete within the second half of DS Smith’s financial year, subject to customary closing conditions.
The primary reason to use compostable packaging is to help deliver food waste and other organic matter to composting facilities. Food waste in landfills is one of the main sources of methane, a powerful greenhouse gas that has about 20-80 times the power of carbon dioxide. Diverting food waste from landfills is a key intervention to limiting climate change, and compostable packaging can help do that by being the “vehicle” that food scraps ride along with on their way to composting facilities. Composting facilities that accept compostable packaging are able to bring in more food waste than those that don’t. Compostable packaging should be reserved for packaging that is: *Used to serve prepared food or contains frozen or raw food *Likely to deliver food to a composting facility *Food-contact packaging that is not readily recyclable *Often disposed of with food waste (e.g., produce stickers) *Fiber-based and is likely to become food-soiled
Mondi, a global leader in sustainable packaging and paper, is pleased to announce the expansion of its International Safe Transit Association (ISTA) and Amazon Packaging Support and Supplier Network (APASS) certified Performance Lab services to cater to the growing demands of eCommerce customers. Mondi's Performance Lab can now also test converted solutions such as MailerBAGs and corrugated boxes. Located in České Budějovice, Czechia, the Mondi Performance Lab complements its eCommerce service offering for high-performance eCommerce packaging, from base material to converted solutions. The laboratory's state-of-the-art equipment simulates the typical impact of packed goods in each supply chain step.
Second Quarter 2023 Highlights *Reported sales increased 6% and net income increased 31% to $83 million *Core sales increased 4% and adjusted EBITDA of $181 million increased 13% from the prior year *Pharma proprietary drug delivery systems grew across the majority of end-use categories *Beauty’s fragrance dispensing technologies had double-digit growth in the quarter *Issued new Corporate Sustainability Report highlighting ESG commitments and initiatives
Essity has made the decision to close its tissue manufacturing operations in New York state and consolidate production at its other U.S. sites. This closure will include the South Glens Falls paper mill, Greenwich converting facility and Saratoga warehouse/distribution center. The South Glens Falls paper mill will cease papermaking operations immediately, while the Greenwich converting facility and Saratoga Springs warehouse/distribution center will remain open and continue to operate as long as needed to ensure a smooth transition for customers. There are approximately 300 employees across the three locations.
*Net earnings of $235 million ($0.68 per diluted share); Adjusted operating earnings* (non-GAAP) of $204 million ($0.59 per diluted share) *$55 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $120 million *Cash provided by operations of $528 million, bringing year-to-date to $873 million; Free cash flow** (non-GAAP) of $265 million year-to-date 2023 *Returned $200 million to shareholders through $40 million share repurchases and $160 million in dividends, bringing year-to-date to $519 million
January–June 2023 (compared to 1–6/2022) *Sales were EUR 1,040.2 million (1,232.5). *The comparable operating result was EUR 116.0 million 267.4), or 11.2% of sales (21.7). Operating result was EUR 117.9 million (283.3). *Net cash flow from operations was EUR 142.0 million (95.3). April–June 2023 (compared to 4–6/2022) *Sales were EUR 498.2 million (650.5). *The comparable operating result was EUR 27.3 million (145.9), or 5.5% (22.4) of sales. Operating result was EUR 29.5 million (142.6). *Net cash flow from operations was EUR 15.6 million (2.7).
R.R. Donnelley & Sons Company will showcase recent investments in Packaging Solutions at PACK EXPO Las Vegas. At the show, RRD will unveil anew single pass digital press to reduce time-to-market on large format runs by 25%. Ideal for retail signage and displays made from thicker substrates like corrugated and poly-based materials, the state-of-the-art technology combines the agility and speed of digital printing with exceptional print quality, a wide color spectrum and minimal energy consumption. RRD will announce full details in the fall. With growing RFID mandates from top retailers, RRD is helping clients navigate the shift by upping its investment in industry-leading technology to offer a complete solution of RFID labels and folding cartons. RRD manufactures the RFID labels and folding cartons and then affixes the label to the folding carton. RRD can also complete the fulfillment and distribution of the finished product. This comprehensive suite of services is a welcomed change from coordinating multiple steps and vendors to one seamless process.
Extended Producer Responsibility (EPR) charges for packaging converters, producers and suppliers have been delayed a year, from October 2024 to 2025. The government blamed economic pressures for the delay, but said it would use the time to finalise plans for the scheme’s implementation with local government, businesses, and waste management companies. Companies involved in packaging will still have to collect and process data on the amount and nature of packaging they use or produce during the delay.
Silgan Holdings Inc. reported second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share, as compared to second quarter 2022 net sales of $1.54 billion and net income of $92.7 million, or $0.83 per diluted share. Adjusted net income per diluted share for the second quarter of 2023 was $0.83, after adjustments increasing net income per diluted share by $0.12. Adjusted net income per diluted share for the second quarter of 2022, which included $0.06 per diluted share from non-recurring income associated with Russia, was a record $1.09 after adjustments increasing net income per diluted share by $0.26.
Packaging Corporation of America reported second quarter 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Second quarter net sales were $2.0 billion in 2023 and $2.2 billion in 2022. Reported earnings in the second quarter of 2023 include special items for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities and closure costs related to corrugated products facilities and design centers.
Net sales in the second quarter were $3,109 million compared to $3,510 million in the second quarter of 2022 reflecting higher beverage can volumes in Americas Beverage and favorable foreign currency translation of $11 million, offset by the pass through of $288 million in lower material costs and lower volumes across most other businesses. Income from operations was $367 million in the second quarter compared to $466 million in the second quarter of 2022, which included a gain of $113 million for the sale of the Transit Packaging segment's Kiwiplan business. Segment income in the second quarter of 2023 was $414 million compared to $432 million in the prior year second quarter as benefits from the contractual recovery of prior years' inflationary cost increases in European Beverage and cost reduction initiatives in Transit Packaging were offset by lower volumes.
The 33.9 million euro investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity as part of our ambitious growth strategy in the East European market. Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste. The investments support our customers’ growing demand for sustainable packaging innovations and align with our Now & Next Sustainability Strategy to deliver the circular economy.
Quarter Highlights: *Delivered net sales of $5.1 billion, up 1 percent, with organic sales growth of 5 percent. *Gross margin was 33.7 percent, up 350 basis points; adjusted gross margin was 34.0 percent, up 380 basis points versus the prior year, driven by favorable net revenue realization and productivity, offsetting inflation. *Raised 2023 outlook for organic growth to 3% - 5%, and for adjusted earnings per share growth of 10% - 14%, with adjusted operating margin up 150 basis points at the midpoint versus last year.
Q2/2023 (year-on-year) • Sales decreased by 22% to EUR 2,374 (3,054) million. • Operational EBIT decreased by 93% to EUR 37 (505) million. • Operational EBIT margin decreased to 1.6% (16.5%). • Operating profit (IFRS) decreased to EUR -253 (399) million. • EPS was EUR -0.29 (0.38) and EPS excl. fair valuations (FV) was EUR -0.27 (0.42). • Cash flow from operations amounted to EUR 146 (404) million. Cash flow after investing activities was EUR -70 (247) million. • The net debt to operational EBITDA ratio (last 12 months) was 1.7 (1.0). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division (last 12 months) decreased to 10.7% (21.7%), the target being above 13%.
Our Kingsport Mill is running again, using recycled fiber from a corrugated recycling partnership established with a regional grocery store chain and attracting customers from across the corrugated industry. After a successful two-year conversion project and the production of the mill’s first roll of 100-percent recycled containerboard in January, Domtar hosted a ribbon-cutting ceremony in May to celebrate the Kingsport Mill’s grand reopening. Local and state officials and employees joined together to mark this important milestone. The Kingsport Mill’s production has continued apace through the summer, thanks in part to a new corrugated recycling partnership established with Food City. The mill will collect and recycle old corrugated containers from the chain’s 140 stores and use them to produce 100-percent recycled performance linerboard and medium.
Crews estimate they will continue to battle last night's large commercial fire at an Industrial Way paper mill throughout Wednesday in Longview. Wood chip piles are fueling the blaze at Nippon Dynawave Packaging at 1701 Industrial Way near the entrance on the Longview side of the Lewis and Clark Bridge and Weyerhaeuser's gate 4 near Oregon and Industrial ways. A large plume of smoke could still be seen Wednesday morning.
Q2 2023 in brief • Net sales decreased 8% to EUR 1,052 million (EUR 1,147 million) • Comparable net sales growth at Group level was -2% and -2% in emerging markets • The impact of currency movements on the Group’s net sales was EUR -38 million and EUR -3 million on EBIT. Charles Héaulmé, President and CEO: “The market environment remained muted in the second quarter of 2023, as inflation affected consumption across categories and geographies. Destocking also continued to impact volumes during the second quarter, although at a lower level than during the first quarter. Our financial performance in the second quarter was in line with the first quarter of 2023, however it was soft compared to last year. Market conditions remained challenging, resulting in lower sales volumes. Our comparable net sales decreased by 2% in the second quarter but remained stable during the first half of the year. Adjusted EBIT decreased by 10% in the second quarter and 8% during the first half of the year, mainly due to lower sales volumes and the divested operations in Russia. Free cash flow continued to improve, reaching EUR 28 million during the second quarter and EUR 71 million during the first half of the year, driven by reduced working capital.
Call to correct mistakes in proposed amendments to EU Packaging and Packaging Waste Regulation that will penalize recyclable materials, like cardboard, while promoting the plastics industry. Imagine you’re in charge of regulating packaging in the European Union. You’re bringing in some new rules to reduce waste and pollution. So far, so good. But then it is revealed that an amendment mandating the reuse of packaging will cause a flood of plastic. That is exactly the opposite of what you’re trying to achieve. Do you vote for it anyway? The answer is obvious. Yet this is the exact dilemma now facing the EU, as it debates proposed amendments to the Packaging and Packaging Waste Regulation (PPWR).
Ahlstrom, a leading manufacturer of innovative fiber-based materials, in collaboration with adapa, a leading supplier of flexible packaging solutions, and Maped, a prominent stationery brand, is proud to introduce a groundbreaking flowpack solution for eraser packaging. Ahlstrom’s Cristal™ base papers are an optimum solution for transparent packaging. By partnering with adapa and Maped, the three companies have developed fiber-based window packaging for a popular school supply – erasers. "This collaboration between Ahlstrom, adapa, and Maped is an example of our shared dedication to sustainability and responsible business practices," said Guillaume Lavoue, Product Manager for Ahlstrom. “By offering a transparent paper alternative, we are empowering companies and consumers to find fiber-based alternatives for traditional plastic or film substrates without sacrificing functionality or aesthetics."
Amcor announced its AmFiber™ Performance Paper packaging is now available to customers in Latin America seeking a high barrier, recyclable paper-based packaging solution. Launched first for the confectionery market with cold seal, it has been recently expanded to include heat seal sachets for dry culinary and beverage applications, such as instant coffee, drink powders, spices, seasonings, and dried soups. With more than 80% paper fiber content and PVDC-free, this latest material innovation is recyclable, where a paper recycling stream exists. In addition to expanding its application to new product categories, Amcor has invested in manufacturing capacity to meet growing global demand for this kind of paper packaging, including an integrated a state-of-the-art production line in its Amcor Flexibles Alzira plant in Spain.
Imagine a paper vase, where a “grass” grows, made from popcorn, suitable for consumption by your pet and, even better, rich in fiber, nutrients and mineral salts . The innovation is already available in Brazil, authored by agronomist Márcio Alexandre, better known as “Dr. Plant”, and can already be found in pet shop chains across the country. To package the product, Klabin's KlaCup Natural Kraft® paperboard was chosen, which added sustainability to delivery and, once again, reinforced its versatility and efficiency. For this initiative, Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, innovated in the application of KlaCup Natural Kraft®, creating an ideal product for the preservation and commercialization of the content, which has, including , its cover produced in paper.
Huhtamaki, a leading global provider of sustainable packaging solutions for consumers around the world, is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately USD 30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business. Production is expected to start ramping up in Q1 2025 and will be key to servicing the growth of existing customers and a growing list of up-and-coming customers throughout the Southern and Midwestern states. The Paris facility is uniquely positioned to meet the increased demand in the U.S. for more innovative and sustainable folding cartons which provide convenient, safe and hygienic food for busy consumers. The site is expected to employ up to 80 employees within the first three years.
Mondi, a global leader in packaging and paper, is investing €16 million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy. The new addition expands Mondi’s existing portfolio of FunctionalBarrier Papers providing high-barrier paper-based packaging for food products such as dried foods and powdered milk as well as for applications in the home and personal care industry. These products require packaging that offer protection from water vapour and oxygen and can ensure a long shelf life. The current industry standards to achieve this level of barrier protection are unrecyclable solutions made of plastic or lined with aluminium. Mondi’s FunctionalBarrier Paper Ultimate range is designed to be recyclable in paper waste streams across Europe while providing the necessary product protection.
Amcor Rigid Packaging (ARP) is excited to partner with Ron Rubin Winery for the launch of BLUE BIN, the first premium wine packaged in a 750mL bottle made from 100% recycled polyethylene terephthalate (rPET) plastic. PET allows BLUE BIN’s bottles to have several environmental advantages when compared to traditional wine packaging, including a reduction of greenhouse gas emissions, global warming, and other environmental impacts. Additionally, PET wine bottles are lighter and shatterproof, allowing wine enthusiasts to enjoy BLUE BIN at places they previously may not have been able to, including at the beach, by the pool, camping and other outdoor activities.
Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023. The intention to divest the business unit Managed Packaging is a consequence of Billerud’s focus on packaging materials, which means a reduced strategic importance of service offerings. The sale will reduce complexity and positively impact Billerud's EBITDA margin.
Pixelle Specialty Solutions announced the launch of its new ARMOR™ brand of barrier paper solutions, featuring FlexArmor™ for uncoated applications and SelectArmor™ with a coated surface for enhanced printability. The barrier papers portfolio features a wide range of capabilities from oxygen, aroma, and mineral oil barriers to chocolate, OGR and moisture vapor barriers among several others. Barriers can be applied individually or layered to enhance packaging performance. “The ARMOR™ portfolio is supported by a team of engineers across multiple mill locations who can tailor a solution to meet specific performance requirements,” said Bob van Helden, Senior Vice President, Sales & Marketing. “For those with a more standard packaging application, Pixelle offers preengineered, off-the-shelf solutions that are available today,” said van Helden. FlexArmor™ and SelectArmor™ are PFAS-Free and plastic free. Both product lines are available as FDA-approved for direct and indirect food contact. Basis weights range from 20lb. to 150lb. with functional one-side (F1S) and functional two-side (F2S) performance options. Wet strength is available along with bleached and unbleached options.
ANDRITZ will convert the idled paper machine PM3 at Steyrermühl mill in Austria to produce kraft papers for sustainable flexible packaging. The machine previously produced graphic paper for UPM. The conversion project has been launched by the Heinzel Group, which will take over the Steyrermühl mill from UPM by January 1, 2024. Once rebuilt by ANDRITZ, the paper machine (then PM6) will produce up to 150,000 tons of brown and white low-basis weight kraft paper per year to be sold under the Heinzel Group’s well-established StarKraft brand. The paper will be used for shopper bags, pouches, and other flexible packaging products. Werner Hartmann, COO of Heinzel Pöls, says: “With this investment, StarKraft will become one of the world’s leading brands for bleached and unbleached kraft paper. ANDRITZ PrimeLine technology is already successfully operating at our Pöls and Laakirchen mills. The current rebuild by ANDRITZ will help us expand our product portfolio for sustainable packaging.”
Mondi plc has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket. The intention, subject to pre-engineering and permitting, is to invest €400 million in the expansion of Hinton, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027. The acquisition of the mill, and investment in the paper machine, will fully integrate operations in the Americas and enable Mondi to secure the long-term supply of high quality, cost competitive kraft paper into its network of 10 paper bags plants in the region, better positioning Mondi to support the growing market demand for industrial and mailer bags.
Brazilian beverage producer Socorro Bebidas (Socorro) has expanded its partnership with Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), to launch Acquíssima Sabor flavored mineral water in 350ml (12oz) CrownSleek cans. The premium zero-calorie drink features natural aromas, offering a health-conscious alternative for consumers to stay hydrated and incorporate key nutrients into their daily diets. The line made its debut with two flavors, Lychee and Green Apple, and is currently available in Acquíssima stores, restaurants and supermarkets in Brazil. Socorro also previously utilized CrownSleek cans to package its Acquíssima mineral water brand, its first entry into the water market. Total canned water volume in Brazil has increased by nearly 7x between 2021 and 2022, demonstrating a growing trend in the region for water packaged in aluminum and a continued shift away from tap and bulk water. When considering the package format for the brand, Socorro knew it needed to help convey the refreshing and health-conscious nature of the beverage, while also delivering on sustainability. The inherent properties of metal packaging, including providing a powerful barrier against light and oxygen, helps maintain the product's freshness. Aluminum beverage cans are also infinitely recyclable and are the most recycled beverage package in the world. These characteristics resonate with Brazilian consumers, who have recently helped drive the country's recycling rate for aluminum beverage cans to an astounding 100%.
The plastic recycling capacity in Europe is growing according to a recent study made by Plastic Recyclers Europe and is expected to continue growing with the coming legislation on packaging as a key driver. The demand for PCR (Post-Consumer Recyclates) material is expected to increase significantly and Trioworld is investing heavily to meet the demand and secure the supply of PCR for our customers. The study from PRE shows that plastic recycling capacity grew 8 % between 2018 to 2020 alongside considerable improvements in collection, sorting and recycling leading to a growing uptake in a wider range of end applications. “In 2022, Trioworld decided to invest more than 50 million EUR in expanding our recycling capabilities. Investments that will make it possible to supply high-quality post-consumer recycled material to stretch film”, says Oskar Karlsson, CPO and VP Sustainability at Trioworld Group.