Pregis® introduces Pregis AirSpeed® Hybrid Cushioning (HC) Renew™ PCR, the only high-pressure air cushioning film made with 80 percent post-consumer recycled (PCR) content. This innovative product represents a significant advancement for companies seeking to improve the sustainability of their protective packaging without compromising on performance. With consumers becoming progressively environmentally conscious throughout each buying stage, there is a growing demand for sustainable packaging solutions. HC Renew PCR is an inside-the-box shipping solution that meets this need by providing the same level of protection and durability as traditional air cushions while reducing the environmental impact.

Mexico is the second largest economy in Latin America, after Brazil, and has an ideal location for accessing the US market. It is becoming increasingly attractive for global companies that are nearshoring by moving production away from Asia to the north part of the country, between the cities of Monterrey and Tijuana. The Mexican economy is estimated to grow up to 3.0% both this year and next, boosted by increased manufacturing investment, according to the most up-to-date government forecast*. Smurfit Kappa’s latest USD12 million investment in its Tijuana plant includes new machinery and process upgrades which will significantly increase both printing quality and efficiency. Laurent Sellier, Smurfit Kappa CEO of the Americas, commented: “Mexico is an important market for Smurfit Kappa. We have invested substantial resources both in paper machines and corrugated plants while increasing our network to support the country’s economy and our customers’ needs.

Huhtamaki has made the decision to consolidate the production footprint of its Flexible Packaging segment in Europe and will be closing its Flexible Packaging production facility in Prague, Czech Republic. All production and supporting activities at the facility will be scaled down during the second half of the year, with the closure of the operations completed by March 31, 2024. Production will gradually be transferred to Huhtamaki’s other manufacturing sites. The decision affects all 198 employees in the site. Huhtamaki will support its employees during this period, including providing information about vacancies in other Huhtamaki units in the Czech Republic and across Europe. Huhtamaki currently has two manufacturing units in Czech Republic. The closure of the Prague site does not affect the Fiber packaging operations in Okrisky which today employs 274 people.

-Second Quarter Financial Highlights include (all results compared to the second quarter of 2022 unless otherwise noted): *Net income of $111.2 million or $1.90 per diluted Class A share decreased compared to net income of $125.1 million. Net income, excluding the impact of adjustments(1), of $103.8 million decreased compared to net income, excluding the impact of adjustments, of $144.9 million. *Net cash provided by operating activities increased by $71.6 million to $210.8 million. Adjusted free cash flow(3) increased by $70.7 million to a source of $185.5 million.

Blown and cast film maker Sigma Stretch Film, a division of Sigma Plastics Group with operations in Ontario, is boosting its production capacity by 30 million pounds through two new Davis-Standard equipment installations. Sigma’s plant in Belleville, Ont., will receive a Davis-Standard seven-layer agricultural stretch film line aimed at expanding the current silage film offerings. According to Sigma officials, the new line allows production using the latest resins, expanded exploration in sustainability options, and better service for both domestic and international agricultural customers. The new line adds fifteen million pounds of silage film capacity in Belleville. The second machine is a three-layer Davis-Standard blown film line for Sigma’s Shelbyville, Kentucky location. “Supporting the ever-growing demand for prestretched hand films and the Vortex product lines, this equipment will add fifteen million pounds of capacity,” Sigma officials said.

Metsä Group is cooperating with Fiskars Group on a brand new fibre-based gift packaging. The innovative Muoto 3D inner packaging and a box made of Metsä Board’s folding boxboard encase Fiskars ReNew scissors made of recycled material. Pure, safe, sustainable, easy to use and recyclable. That is what the plastic-free Muoto 3D fibre packaging, originating in northern forests and set to revolutionise packaging, is all about. Renewable and sustainably grown Finnish wood is the main raw material of the Muoto 3D fibre packaging. The packaging is made of wet wood-fibre pulp in Äänekoski, at Metsä Group’s and Valmet’s joint demo plant.

Hilex®, a Novolex® brand, announced today new options for its popular ProWAVE® Tote, a recyclable, reusable tote bag that simplifies deliveries and carry-out for supermarkets, restaurants, retailers and their customers. Customers can now choose a ProWAVE Tote that features a 2.25-mil gauge film that’s manufactured with a minimum of 40% post-consumer recycled material — attributes that allow the totes to meet most legislative requirements for reusable bags, including those in California. Customers also can now opt for a ProWAVE Tote made with 1.7-mil gauge film. The ProWAVE tote boasts folded handles and a sturdy double-ply top, ensuring that the bag remains open for easy loading. The flat bottom design allows for efficient packing of larger grocery or retail products.

Our Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of 11.35 million euros. The major investment and expansion plans aim to improve service to customers, as well as to open up new business opportunities in the northwest of Iberia. The project will add 6,000 square meters to the current 11,000 square meters, to see the packaging plant become an industry leader, operating at more than 17,000 square meters. During the seven months that the works are estimated to last, the construction and roofing of the new buildings will be carried out using sustainable and environmentally friendly materials.

Mondi plc confirms that it has advised Augment Investments Limited that it is withdrawing from the agreement to sell Mondi’s most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities, to Augment. This follows recent discussions with Augment on its lack of progress in gaining the necessary approvals to complete this transaction. As per the terms of the Sale and Purchase Agreement, the Disposal to Augment will therefore be terminated and will not complete. The Board remains committed to divest Syktyvkar and will continue to assess all alternative divestment options.

Light Wrap, which has been specifically designed as a wraparound for cartons such as milk and juice cartons, offers a clever design that improves packaging while using less fibre. This results in a remarkable 19% reduction in CO₂ emissions compared to current, alternative packaging methods. Not only does Light Wrap effectively support the weight of stacked packs during transportation and at the point of sale, but it also ensures the safe transportation of cartons without any damage or deformation. By using 19% less paper fibre than other solutions, the innovative design not only minimises environmental impact but also improves protection, efficiency and packaging costs.

UPM Biochemicals and Selenis, a subsidiary of the IMG Group that produces speciality polyester resins for a wide range of applications, announced a partnership today that will help the packaging industry reduce its CO2 footprint and redefine the sustainability goals of its customers. The goal of the strategic partnership is to produce sustainable polyethylene terephthalate glycol (PETG) resin that will accelerate the introduction of renewable, sustainable forest-sourced materials into plastic applications and reduce fossil resource dependency. PETG is a highly transparent, FDA approved material used in a large variety of applications including cosmetics and personal care packaging, heat shrink sleeves, and durable goods, such as bulk dispenser.

The event marked the completion of the mill’s conversion into our first 100 percent recycled containerboard facility. The two-year project transformed the mill’s uncoated freesheet paper machine into the second-largest 100 percent-recycled containerboard machine in North America, capable of producing approximately 600,000 tons of high-quality recycled linerboard and corrugated medium annually. “Our machine is one of the most sophisticated and highly automated machines in North America,” says Mill Manager Troy Wilson. “Its state-of-the-art technology is enabling us to provide our customers a high-quality, consistent product thanks to a highly controllable, stable and repeatable process.” The mill reopened in January and is now the largest recycled manufacturer in the state of Tennessee.

Metsä Board has submitted the EIA report for the Kaskinen paperboard mill in accordance with the Environmental Impact Assessment Procedure Act to the South Ostrobothnia Regional Economic, Transport and Environment Centre (ELY Centre). The report is open for public comment and opinion from 25.05.2023 to 21.07.2023. The EIA procedure addresses the environmental impact of Metsä Board's planned paperboard mill on the existing mill site in Kaskinen. The EIA is a two-stage procedure. In the first stage, the project developer draws up an assessment programme and in the second stage, the evaluations are carried out and an assessment report is prepared. The results of the impact assessment will be considered in the ongoing planning and decision-making process. The EIA process does not make decisions on the project but aims to provide information to support decision-making and to increase public access to information and influence.

Ahlstrom expands its offering for the medical industry by introducing Reliance® Fusion, a next-generation simultaneous sterilization wrap that helps increase efficiency in the sterilization of surgical equipment trays at hospitals. Sterilization wraps are extensively used in healthcare facilities worldwide to help maintain the sterility of surgical instruments. Ahlstrom single-use sterilization wraps help to prevent microorganisms (bacteria, viruses, spores) from easily gaining access to the tray contents, allow sterilization, provide physical protection, and maintain sterility of surgical instruments up to the point of use. They thus play a crucial role in infection prevention and patients’ safety. The sterilization process is often time-consuming, requires the use of expensive processing aids such as tray liners, and involves longer drying cycles and stocking multiple weights of sterilization wrap to ensure all moisture has been eliminated.

Mondi has collaborated with Silbo to upgrade its pallet wrapping from plastic stretch film to Mondi’s kraft paper Advantage StretchWrap. Silbo has installed the first EW Technology PaperWrap machine at its plant in Żory, Poland and provides more sustainable flexible packaging for its broad range of customers, including those supplying fruits and vegetables. Mondi’s Advantage StretchWrap is made with responsibly sourced fibres and does not contain plastic or coating. Made from wood as a renewable resource, it is fully recyclable in existing paper waste streams, supporting the transition to a circular economy. Mondi commissioned an independent Life Cycle Assessment (LCA) which showed that Advantage StretchWrap performs better than standard plastic stretch film in several important environmental impact categories. The paper has exceptional puncture-resistance combined with high stretch properties providing robust protection for a wide range of goods during transportation.

New research from the renewable materials company Stora Enso sheds light on the importance of packaging in achieving greater food systems sustainability. The report entitled “Food packaging for better food systems” identifies 13 impact opportunities for the food packaging value chain, powered by innovation and collaboration, to unlock greater global climate, biodiversity, and social progress. Fiber-based packaging is an enabler of sustainable food systems due in part to its renewable base material, recyclability, and reliability in hygienic food protection. In the report, Stora Enso envisions a new developmental role for packaging to combat the hidden socioeconomic costs created by our food systems. This includes strengthening food system sustainability by advancing opportunities in areas including supporting healthy diets, minimizing food loss, and developing new compostable or waste-based materials. Tiina Pursula, SVP Sustainability commented: “Our food systems play a crucial role in securing a circular, biodiversity- and climate-positive future. We need to look at these systems holistically and consider how can we contribute to food system transformation, such as healthier, plant-based foods and food waste reduction. This way, we can drastically change the way we produce, transport, and consume food.”

Kimberly-Clark Professional™ is a winner of this year's world-renowned iF DESIGN AWARD in the bath category for the Kimberly-Clark Professional™ ICON™ dispenser collection. Hannover-based iF International Design Forum GmbH is the world's oldest independent design organization. The judging panel was comprised of 133 independent design experts from across the globe, and the competition consisted of nearly 11,000 entries submitted from 56 countries. The Kimberly-Clark Professional ICON dispenser collection won the judges over with its unique combination of aesthetic flexibility and functional excellence, elevating the entire user experience. The Kimberly-Clark Professional ICON collection is a family of hand towel, soap and toilet paper dispensers, which includes a first-of-its-kind dispenser that offers interchangeable and customizable faceplate options to elevate commercial washrooms with added sophistication and enhanced functionality.

Amcor, Delterra, Mars and P&G jointly announce the launch of a strategic partnership to stem the tide of plastic pollution in the Global South. These global leaders will work together to scale upstream and downstream solutions for a circular plastics economy, jointly committing $6 million USD over five years. The partners are coming together with a shared commitment to urgent environmental action and a shared understanding that the challenge of plastic pollution cannot be solved without a systemic and holistic approach to roll out scalable and sustainable programs to boost the transition to a circular economy. The strategic partners call on like-minded organizations to join this first group and add their support to drive real change, at scale.

Mondi has created new paper bags for Holz-Bauer’s wooden pellets replacing unnecessary plastic. Mondi’s PelletBags are created from 2-ply Mondi kraft paper which is produced, printed and converted in-house before being sent to Holz-Bauer for filling and closing, using its secure sewing method with a static binder machine. With PelletBag, Holz-Bauer will replace their existent plastic bag solution; currently an industry standard for wooden pellets. Holz-Bauer’s move to paper packaging is indicative of the trend towards using more sustainable packaging solutions. Mondi and Holz-Bauer have complementary sustainability goals, that aim to contribute to a circular economy. Holz-Bauer's wooden pellets are created from sawmill residue sourced from local businesses. Using sawmill residue in this way is in adherence to the principle of the cascading use of wood, which Mondi supports, and leverages the full value of fibre. This means that wood is used first for high performance products with hygiene or strengths requirements, such as kraft paper, and successively recycled until the residues are burned for green energy at the end of live.

Amcor, a global leader in developing and producing responsible packaging solutions, announced today that the Amcor Flexibles manufacturing plant in Londrina, Brazil, is the first Amcor plant in Latin America to achieve International Sustainability and Carbon Certification Plus (ISSC Plus)status. . The certification allows one of Amcor’s largest plants in Latin America to use advanced recycled materials across its product portfolio. The achievement also supports Amcor’s commitment to reach 30% recycled content by 2030 and aligns with the company’s sustainability pledge to make all products recyclable, reusable or compostable by 2025.

Huhtamäki Oyj has signed a EUR 125 million bilateral term loan facility agreement with a maturity of two (2) years. The term loan will be used for refinancing and general corporate purposes of the Group. The facility has a one-year extension option at the discretion of the Lender, and the interest margin is tied to three sustainability indicators: 1. Absolute scope 1 and 2 greenhouse gas emissions amount 2. Share of non-hazardous waste recycled 3. Ecovadis Rating

Duro®, a Novolex® brand, announced today that it has earned Biodegradable Products Institute (BPI) certification for even more of its paper bags and sacks. Now featuring more than 100 SKUs that have been tested and certified by BPI, Duro is adding to the growing number of certified commercially compostable products offered by Novolex. Certification by BPI assures customers that the packaging can be processed in a commercial compost facility. The newly certified bags include Duro recycled kraft paper shopping bags as well as lawn and leaf bags. They join other Novolex products that have already earned BPI certification, including compostable produce bags, T-shirt bags, can liners, and foodservice items from Eco-Products®. BPI says the certifications are important, noting that while the terms “biodegradable” and “compostable” may appear to be synonymous, there are critical differences.

Ortviken's new factory facility was inaugurated on 16 May 2023 with a ceremonial speech by Berit Högman, Governor of Västernorrland County, and a "ribbon cutting" by timber sports profile Ferry Svan. This means that the journey towards the production of 300,000 tonnes of climate-smart CTMP pulp has formally begun. Ulf Larsson, SCA's President and CEO, started the opening ceremony in Herrgårdsparken next to Ortviken's industrial site. He stated that the project was delivered and completed on budget and also ahead of schedule, and now SCA's operations provide strengthened competitiveness on the global market. Ulf also asked the guests to send a thought to the relatives of the employee of a subcontractor who died in a workplace accident during construction. The investment of SEK 1.5 billion in Ortviken's industrial site was announced in 2020 and is aimed to increase the production of Chemi-Thermo-Mechanical Pulp, CTMP, from approximately 90,000 tons per year to 300,000 tons per year.

Norske Skog Bruck announces successful commercial orders of the containerboard grades Testliner 3 and Fluting. This represents the introduction of 210,000 tonnes of competitive containerboard capacity to meet the growing demand for renewable and re-usable packaging. The production is based 100% on recycled fibre and will use steam from the waste-to-energy plant, which opened in April 2022. Norske Skog Bruck is now ramping up production and expects full utilisation of 95% in the second half of 2025. The successful commercial orders of Strato Testliner 3 and Fluting mark a new era for Norske Skog and strengthen the company's asset base and cash flow generation for decades ahead.

Q1 2023 Highlights • Sales of $1,134 million (compared with $1,135 million in Q4 2022 and $1,038 million in Q1 2022) • Operating loss of $(80) million (compared with $(20) million in Q4 2022 and $(4) million in Q1 2022) • Net debt1 of $2,070 million as of March 31, 2023 (compared with $1,966 million as of December 31, 2022). Net debt to EBITDA (A) ratio1 of 4.6x, down from 5.2x as of December 31, 2022.

To meet the growing demand for faster speed to market and a more agile supply chain, Pratt Industries has committed to strategic growth initiatives across our nationwide network, and a top priority is staying at the forefront of the high graphics movement. Pratt’s high graphics investments offer our customers quality graphic solutions through a combination of advanced print technologies and value driven options. We strive to find the best print solution to satisfy the corrugated packaging needs and budgets of our customers by investing in state-of-the-art technology and equipment. Pratt Lewisburg, OH recently added an HP PageWide digital web press to its already impressive equipment lineup in order to increase speed to market and flexibility while complementing their flexo and offset graphic capabilities. “We have the capabilities and expertise to offer customers the best supply chain solution for their high graphics packaging needs,” said Sergio Morales, General Manager.

The expansion makes the plant Smurfit Kappa’s largest in Poland and one of the most high-tech and modern packaging plants in Europe. In addition to the state-of-the-art machinery installed at the plant, it is expected that a further 50 new jobs will be created, bringing employment to more than 250 staff at the location. These new jobs will enable the plant to further serve its customer portfolio that includes some of the leading brands in the FMCG food and beverage sectors and serves both international and local customers. The investment in Poland includes the installation of a new high-tech corrugator and a range of ultra-modern converting machinery. The plant was also equipped with a new finished goods warehouse, which can accommodate upwards of 12,000 pallets. The investment will ultimately double the output from the plant which now spans 37,500 m2.

Kruger Products Q1 2023 Business and Financial Highlights • Revenue was $451.0 million in Q1 2023 compared to $398.7 million in Q1 2022, an increase of $52.3 million or 13.1%. • Net loss was $49.3 million in Q1 2023 compared to net income of $1.4 million in Q1 2022, a decrease of $50.7 million.

Billerud presents a machine glazed kraft paper especially adapted and validated for wrapping toilet and kitchen paper rolls. Hitting the sustainability sweet spot – renewable, recyclable and biodegradable, but also enduring tough handling as good as any PE plastic. Toilet and kitchen paper rolls are consumed in enormous numbers every day. For brand owners, switching from plastic to this paper wrapping would mean a significant sustainability gain. But also, for meeting consumer preferences. An Ipsos Global survey of 20 000 consumers (2021) shows that three out of four consumers want to get rid of single-use plastics. So, this new alternative from Billerud is a strong tool to decrease the gap between brands and consumers. Sustainability and a low carbon footprint are obvious strengths, but the new wrapping has more up its sleeve. Billerud’s white, long, soft virgin fibers enable excellent printability. The packaging will certainly stand out on the shelf.

When the highly-anticipated next generation Koenig & Bauer Rapida 145 eight-color press plus coater arrived on the pressroom floor at Calumet Carton, the leading producer of mailers and packaging products, the South Holland, IL manufacturer fulfilled one of its primary goals to continually reinvest in today’s most modern state-of-the-art equipment for its valued well-known customers. “We are proud to be operating this next generation offset press from Koenig & Bauer,” says Gina Inwood, vice president at Calumet Carton. “In today’s competitive marketplace, we need to provide the utmost speed, automation, and efficiency for our packaging customers, allowing them to offer color consistent eye-popping packaging within tight deadlines. This press, one of the first in North America, sets us apart from our competition, creating additional opportunities and offering lightning-fast production speeds.”

Net revenues in the first quarter of 2023 were $1,431 million compared to $1,495 million in the first quarter of 2022. The decrease was due to lower sales volume and the impact from dispositions, notably the disposition of Beverage Merchandising Asia on August 2, 2022. Lower sales volume was largely due to our focus on value over volume in the Foodservice and Food Merchandising segments and the market softening amid inflationary pressures in the Beverage Merchandising and Food Merchandising segments. These decreases were partially offset by favorable pricing, due to pricing actions in the Food Merchandising and Beverage Merchandising segments and the contractual pass-through of higher material costs across all segments. Net loss was $133 million in the first quarter of 2023 compared to $43 million of net income in the first quarter of 2022. The decrease was mostly due to $187 million of charges associated with the Beverage Merchandising Restructuring and a $27 million decrease due to the gain on the sale of Naturepak Beverage Packaging Co. Ltd in the prior year period. These decreases were partially offset by a $55 million decrease in tax expense, mainly attributable to decreased profitability.

Although many of us use products containing fluff pulp, some of us daily, it is one of those materials which is surprisingly unknown to the wider group of consumers. Fluff pulp is a type of wood pulp typically used in absorption cores of baby diapers, sanitary pads, incontinence products and various forms of air-laid nonwoven products. Not many consumers know what fluff pulp is, and that it in many cases is the only natural raw material in a typical disposable hygiene product. Even if a single absorbent hygiene product only contains a few grams of fluff pulp, the massive number of products consumed every day make that global fluff pulp market big. In 2023 it is projected to reach over 7 million tons globally (Global Fluff Pulp Consumption, projection according to Smithers). We describe NaturaFluff Eco as an oxygen delignified fluff pulp. This means that it is not bleached, only treated with oxygen to remove the remaining lignin after the cooking of the pulp. By not bleaching the fluff pulp we save approximately 80 kgs of bleaching chemicals per airdried tonne of fluff pulp. This corresponds to a saving of the carbon footprint by more than 30% compared to bleached fluff pulp.

Mondi, a global leader in sustainable packaging and paper, is upgrading its Dynäs pulp and paper mill in Sweden. The modernisation programme will increase efficiency and further improve the overall environmental performance of the mill, positioning it well to continue meeting customer demand for sustainable paper and paper-based packaging solutions. The Dynäs mill produces high-quality sack and speciality kraft papers, used for a variety of paper-based packaging solutions for industrial and consumer industries, and is an important part of Mondi’s Flexible Packaging business. The project includes the installation and upgrade of machinery and equipment such as a new cooking plant and bark boiler, which will improve the mill's energy efficiency. Upgrades will also further reduce air and water emissions, and result in better wood utilisation at the mill.

First quarter 2023 net income (loss) was $(1.0) million compared to net income (loss) of $16.4 million in the first quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $2.5 million in the first quarter of 2023 compared with $16.8 million in the first quarter of 2022. John Steitz, Tredegar’s president and chief executive officer, said, “Our businesses and markets continue to suffer from a significant slowdown that has been exacerbated by customer inventory corrections, which has resulted in excessive inventory levels for us, too. The timing of a recovery is uncertain, especially for Bonnell Aluminum and the Surface Protection component of PE Films.”

Amcor announced that it has signed a definitive agreement to acquire Moda Systems, a leading manufacturer of state-of-the-art, automated protein packaging machines. Based in New Zealand, privately-held Moda Systems designs, assembles, and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry, and dairy industries. The acquisition will complement Amcor’s existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service, and parts.

Supremex Inc. announced today the acquisition of the assets of Graf-Pak Inc., a provider of folding carton packaging solutions to a variety of commercial markets. The transaction was concluded for a total consideration of approximately $6.0 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility. Founded in 1995 and employing close to 25 people, Graf-Pak operates a facility located in Pointe-Claire, Québec, near the Company’s primary folding carton plant in Lachine. Its offering is comprised primarily of the printing and manufacturing of folding carton packaging products, mainly for the food and cosmetics markets. For its last fiscal year, Graf-Pak generated sales of approximately $6.7 million.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050. “By setting science-based targets, we are committing to taking steps to reduce our greenhouse gas emissions, which is crucial to mitigating the impacts of climate change,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division. “The SBTi goal-setting process helps to strengthen and unify our company’s overall commitment to reduce greenhouse gas (GHG) emissions, while SBTi’s validation of our goals gives our employees, customers, and communities confidence that we are being good stewards of our natural resources.”

Fruit and vegetables are the centerpiece of today’s grocery stores and often the first department that customers experience when walking in the door. Visually appealing produce signals quality and freshness, and for brand owners and retailers, it is critical that fruits and vegetables arrive undamaged. With fruit and vegetable loss already as much as 50% throughout the value chain, strong packaging can play a role at minimizing this by preventing damage to fresh produce. Producers and sellers have high expectations for packaging reliability and at the same time seek to balance this with increasingly ambitious sustainability measures. This includes combating food waste and reducing their packaging’s environmental impact. In the fruits and vegetables category, retailers and brand owners are commonly presented with a choice between recyclable corrugated containerboard packaging and reusable plastic crates. Both offer protection, but how can they know which is the most sustainable choice? To help our customers better understand the options and their potential environmental impacts, we recently conducted a Life Cycle Assessment (LCA) comparing corrugated containerboard box to a reusable plastic crate for transporting fresh produce.

Amcor announced it has launched an Amcor Lift-Off session dedicated to Michigan State University (MSU) with the support of the MSU Research Foundation and its network. The program offers an opportunity for early-stage start-ups from MSU and its wider network to win up to $250,000 in seed funding. Additionally, through collaboration with the MSU’s Burgess Institute for Entrepreneurship and Innovation, MSU student teams will compete for a grant of up to $10,000. This initiative follows the April 20 opening of the newly renovated MSU School of Packaging building, a program Amcor supported with a $10 million investment that included the establishment of an Endowed Chair of Packaging Sustainability.

Stora Enso alongside Blue Ocean Closures and AISA have developed together the first ever paperboard tube with a fiber-based closure. This new, innovative wood fiber-based concept helps brand owners increase the share of renewable material in their packaging. All components of the tube are designed for recycling. The tube is composed of Stora Enso’s barrier-coated board material Natura Shape™ and a screw cap designed in collaboration with Blue Ocean Closures with assembly by AISA. The solution contains more than 85% fiber content, the highest proportion available in a tube design. Intended for cosmetics and personal care applications, it is expected to be commercially available in 2024.

In a recent supplier award ceremony, Ahlstrom was recognized specifically for their packaging contributions to the Taco Bell® brand. “We are extremely humbled to have received this recognition from our Taco Bell® partners,” commented Travis Dahlke, Vice President of Ahlstrom’s North American Food business. Dahlke and members of his team accepted the award during the event. “This is a result of strong collaboration through our entire value chain – from Taco Bell® through our converting partners.” The S.T.A.R. awards (Supplier – Tracking – Assessment – Recognition) uses company-wide audits built to qualify supplier performance in several categories, including Packaging. Ahlstrom leveraged both its FluoroFree® and trulyNatural® technologies in the development of sustainable packaging solutions for Taco Bell.

Cascades inc. is very pleased to announce that it has produced yesterday its first roll of 100% recycled containerboard at its Bear Island, Virginia mill. With annual production capacity of 465,000 short tons of lightweight, high-quality, 100% recycled containerboard, the state-of-the-art mill is equipped to perform within the top quartile of its industry, and will strengthen the operational flexibility, geographic footprint, and competitiveness of Cascades' Containerboard platform. The project created 700 jobs in the region during the construction phase, and 180 permanent jobs with the onset of commercial production. The Bear Island mill is now entering the ramp-up phase of the machine and will gradually increase its production to reach full capacity. An official inauguration will be held in the coming months.

Second Quarter Highlights: *Non-GAAP: Operating EBITDA of $541 million; Adjusted earnings per share of $1.96 *Returned $187 million to shareholders in the quarter ($155 million via share repurchases and $32 million in dividends) *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges

Second Quarter Highlights and other notable items: *Net sales of $5.3 billion *Net loss of $2.0 billion, included a $1.9 billion pre-tax, non-cash goodwill impairment and $445 million of pre-tax restructuring and other costs; Adjusted Net Income of $198 million *Results negatively impacted by $58 million due to economic downtime, as well as a $40 million increase in non-cash pension costs year-over-year; our U.S. qualified and non-qualified pension plans remain overfunded *Loss per diluted share of $7.85 and Adjusted Earnings per Diluted Share of $0.77

The new recovery boiler and turbine of the Husum pulp mill started up at the end of 2022. Thanks to the latest technology and processes the mill’s bio-based energy production will increase and the mill integrate’s electricity self-sufficiency will amount to over 80 per cent. The total value of the investment was approximately EUR 380 million. In the second phase of the renewal, to be decided and implemented later in the decade, the two current fibre lines would be replaced with one new line. An investment programme is also underway at the Husum mill to increase the annual production capacity of folding boxboard by around 200,000 tonnes. The investment is expected to be completed in the fourth quarter of 2023. Metsä Board Husum mill in Sweden is an integrated board and pulp mill producing folding boxboard, uncoated white kraftliner and bleached chemical pulp.

Klabin recorded, in the first quarter of 2023, Adjusted EBITDA (Earnings before Interest, Taxes, Fees , Depreciation and Amortization) of R＄ 1.942 billion, up 13% over the same period of the previous year. In the first three months of the year, the Company's sales volume, excluding wood, totaled 881 thousand tons. The flexibility of Klabin's integrated business model benefited the conversion of paper into packaging, minimizing the Company's exposure to the Kraftliner foreign market. As a result, Net Revenue reached R＄ 4.831 billion in 1Q23, growth of 9% compared to 1Q22, a result that also reflects the price adjustments carried out over the last few months. The ROIC (Return on Invested Capital) reached 19.4% in the period, demonstrating the Company's ability to combine growth with the generation of value for shareholders.

Underlying EBITDA from continuing operations in Q1 2023 was €351 million and broadly flat when compared to Q4 2022 after excluding the non-cash forestry fair value gain1. The quarter was characterised by lower average selling prices; softer demand, driven in part by destocking; and lower input costs from the highs seen in H2 2022. While wood prices remained high in Q1 2023, they have now started to reduce. Corrugated Packaging saw softer demand, driven in part by destocking, and lower prices compared to Q4 2022. Flexible Packaging delivered a stable performance compared to Q4 2022, with weaker industry demand and modestly lower prices being offset by falling input costs. Uncoated Fine Paper demand in Europe was lower compared to Q4 2022, with prices declining towards the end of the quarter. In Southern Africa demand and pricing were stable.

Working in partnership with Fiorini Packaging, the specialist manufacturer of industrial paper sacks, UPM Specialty Papers has co-created a sustainable, fibre-based sack suitable for pet food applications of up to 20 kg. Already available to order from Fiorini, a sample of the new sack will be showcased on the UPM Specialty Papers stand at Interpack 2023. Pet food can be challenging to pack because it has high levels of grease. Standard papers typically used for pet food packaging are unable to offer the required level of grease and moisture resistance. In addition, 20kg pet food sacks need to be strong, creating a need for reinforcement and the possibility to resist external weather conditions. Until now, plastic laminated paper has been usually used to provide the required level of strength and barrier qualities.

WestRock Company (NYSE: WRK) today announced it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023. The North Charleston mill produces containerboard, uncoated kraft paper (KraftPak®), and unbleached saturating kraft paper (DuraSorb®), with a combined annual capacity of 550,000 tons. Containerboard and uncoated kraft currently produced at the mill will be manufactured at other WestRock facilities. The Company intends to exit the unbleached saturating kraft paper business when the mill shutdown is completed.

Highlights - Nine Months Ended March 31, 2023 • Net sales of $11,021 million, up 4%; • GAAP Net income of $868 million, up 25%; GAAP diluted earnings per share (EPS) of 58.1 cps, up 27%; • Strong cash returns to shareholders: quarterly dividend of 12.25 cents per share and $200 million of sharerepurchases year-to-date; and

Intertape Polymer Group is proud to announce the exclusive distribution partnership in the US and Canada with IMA Group, a world leader in the design and manufacture of automatic packaging machines. IMA Group established a new IMA E-COMMERCE Division, specifically dedicated to the e-commerce market in response to the increasing demand for online shopping and growing importance of that segment in today's economy.

Tambrite Aqua+ is a new circular packaging material for frozen and chilled food packaging that reduces the need for fossil-based plastics and improves recyclability after use. Tambrite folding box board has been providing industry-leading stiffness and bulk for over fifty years with its excellent printability, runnability, and robustness. Aqua+ is a new water-based dispersion coating that provides the necessary protection and food safety. Tambrite Aqua+ utilises a dispersion coating that helps to reduce the use of plastic that is increasingly subject to costs incurred by packagers, such as extended producer responsibility (EPR) fees. Tambrite Aqua+ is fluorochemical-free, resistant to grease and moisture, comes with the PAP21 logo that shows it is easily recyclable with normal paper and board waste streams.

The long-term collaboration between Koehler Paper and HDG-Verpackungsmaschinen has resulted in a new innovation: For the first time, paper bags can now be produced and filled on horizontal form-fill-seal machines using the "pressure seal module" for the RB-300 HDG packing machine and the specially developed "NexPlus MC" packaging paper from Koehler Paper, which features high mechanical strength and no sealing layer. Possible formats are 3-edge sealing bags, folding flat-bottom bags (fully sealed) and double bags with a bag length of up to 250 mm and a width of at least 50 mm. The new packaging option can be used for all products that do not require an additional barrier, as well as for secondary packaging of dry products.

In the face of the fast-growing demand for sustainable packaging, UPM Specialty Papers is working closely with customers and expert partners from across the food packaging value network to co-create the next generation of transformative and recyclable fibre-based packaging solutions. The aim is to develop and test papers, products and concepts that will support converters and brand owners in the transition to packaging made from sustainable and recyclable materials. This will in turn help them to meet their sustainability targets and comply with upcoming EU regulations on recyclability.

Q1 2023 Highlights: *Net Sales were $2,438 million, an increase of 9% versus the prior year quarter. *Net Organic Sales increased 1% versus the prior year quarter. *Net Income was $207 million, an increase of 93% versus the prior year quarter. *Net leverage was 3.1x versus 3.2x at year-end 2022.

*Net sales decreased 2% year-over-year to $1.7 billion as strong pricing was offset by lower overall volume. *GAAP operating profit increased 36% year-over-year as gains on asset sales and lower acquisition related costs offset lower price cost and lower volume and mix. *GAAP net income increased 29% and Adjusted Earnings decreased 25% from the same period last year. *Diluted GAAP EPS increased 28% while diluted Adjusted EPS decreased 24% from the same period last year.

*Net sales of $1.3 billion, down 5% as reported; down 2% constant currency *Net earnings of $63 million, down 58% *Earnings per share (Diluted) of $0.44, down 56% *Cash flow from operations (year to date) of $52 million, up 7%

Heidelberger Druckmaschinen AG (HEIDELBERG), the largest supplier and technology leader for the folding carton market, expects the segment to grow worldwide by more than two percent annually over the next few years. According to a study by the US market research institute Smithers, the total value of folding carton production will reach 160 billion US dollars by 2026. For HEIDELBERG, folding carton represents a strategic growth segment and already accounts for nearly half of the company’s sales. An important driver in the market is the growing environmental awareness of consumers, who are increasing their preference for more sustainable paperboard packaging over plastic.

First Quarter 2023 Highlights: • Reported sales grew 2% and core sales increased 4% driven by demand in Pharma and Beauty • Aptar Pharma reported sales growth of 4% and core sales growth of 7% • Aptar Beauty reported sales growth of 6% and core sales growth of 9% • Reported earnings per share decreased 12% to $0.82, due to restructuring charges • Operating cash flow was $98 million, up from $92 million in 2022

First Quarter Overview: *EBITDA growth of 13% to €579 million with an EBITDA margin of 19.3% *ROCE of 21.6% *Net Debt to EBITDA ratio of 1.2x *Finalised exit from Russian business. Tony Smurfit, Group CEO, commented: “Smurfit Kappa is reporting another strong performance for the first quarter with EBITDA of €579 million, an EBITDA margin of 19.3%, a ROCE of 21.6% and a net debt to EBITDA of 1.2x. This performance reflects the continuing benefits of our integrated model, the effectiveness of our capital spend, our constant focus on innovation for customers and our geographic footprint.

Together with Nissha Metallizing Solutions, Koehler Paper has developed a premium product and is expanding its offerings in the NexPlus® group of innovative flexible packaging paper products. With its excellent oxygen, grease, and mineral oil barrier properties, the product is suitable for metallizing, making it perfect not only for packaging for food such as chips, energy bars, energy powders, and coffee, but also for non-food products such as cosmetics in powder or solid form. The extremely thin metallized vacuum coating ensures recyclability and contributes to a sustainable circular economy. The Paper is made 100% with virgin fiber pulp from certified sustainable forestry and controlled sources and that is designed to be recyclable in conformity with the latest testing methods. In comparison to conventional plastic packaging, the flexible packaging paper reduces carbon footprints significantly and contributes to a sustainable circular economy.

Mondi has created Protector Bag ExpandForm, a paperbag solution with an expandable feature to safely rollpack mattresses. Protector Bag ExpandForm replaces the current plastic packaging with a flexible and recyclable alternative. The solution is also customisable and can expand to different sizes while holding the mattress securely. The packaging is made with Mondi’s kraft paper, which is responsibly sourced and renewable, and can be recycled contributing to a circular economy. The paper bag is puncture resistant and suitable for printing, meaning brands can customise their deliveries with a high-quality finish. Unlike plastic, the paper layers are also breathable and can emit gas that can evaporate easily with this new packaging.

Leading global packaging solutions company, Huhtamaki has redefined the possible by using science to develop groundbreaking mono-material technology. Its innovative and sustainable flexible packaging, in Paper, PE and PP Retort, is transformational and meets the demands of both its customers and their consumers. Announcing its game-changing innovation, Dr. Marco Hilty, President of Flexible Packaging at Huhtamaki outlined its importance: “What we’ve done, quite simply, is to redesign the future of flexible packaging by setting new industry standards in mono-material solutions. These blueloopTM innovations are both unique to Huhtamaki and transformational. They simultaneously deliver recyclability, with no compromise in either product protection or affordability. This is the power of three. “These at-scale innovations will support our customers reach the commitments many of them have made, including to use only recyclable, compostable or reusable packaging by 2025 and align with the direction of future policy, both in the EU and globally."

Q1 2023 in brief • Net sales stable at EUR 1,047 million (EUR 1,050 million) • Comparable net sales growth was 2% at Group level and 0% in emerging markets • The impact of currency movements was EUR -0 million on the Group’s net sales and EUR 1 million on EBIT

January–March 2023 (compared to 1–3/2022) • Sales were EUR 542.1 million (582.0). • The comparable operating result was EUR 88.7 million 121.5), or 16.4% of sales (20.9). Operating result was EUR 88.4 million (140.7). • Comparable earnings per share were EUR 0.19 (0.26), and earnings per share were EUR 0.19 (0.31). • Comparable return on capital employed was 13.9 % (21.1). • Net cash flow from operations was EUR 126.4 million (92.6).

*First quarter net earnings (loss) of $172 million ($0.49 per diluted share) *Building a Better IP initiatives delivered $65 million of incremental year-over-year earnings benefit in the first quarter 2023 *First quarter cash provided by operations of $345 million; First quarter free cash flow of $4 million included a $193 million final payment to the IRS for the timber monetization restructuring settlement *Returned $319 million to shareholders through $157 million share repurchases and $162 million in dividends in the first quarter 2023

This report was prepared in reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Containers and Packaging 2018 Sustainability Accounting Standard. Recent achievements highlighted in the report include: *Reducing Scope 1 and Scope 2 emissions by 0.7% in 2022 excluding the acquisition of Sonoco Metal Packaging, and reducing emissions intensity (tCO2e / thousand $ revenue) by 20% *Joining the United Nations (UN) Global Compact to advance support for the UN’s Sustainable Development Goals and Ten Principles Compact *Discontinuing the use of virgin pulp in mill operations with the completion of Project Horizon; all mills now utilize 100% recycled fiber *Conducting water risk studies at 100% of our paper mills using the World Resource Institute (WRI) assessment; building future improvement plans based on findings *Investing in renewable energy through one completed and three additionally approved solar installations projects *Further expanding our Envirosense® portfolio of more sustainable packaging with new paper-based flexible packaging offerings, which supports our customers’ sustainability goals

Sealed Air and Koenig & Bauer AG announced they have signed a non-binding letter of intent to expand their strategic partnership for digital printing machines. The partnership aims to significantly improve packaging design capabilities by developing state-of-the art digital printing technology, equipment, and services. Solutions developed by SEE and Koenig & Bauer will scale and deliver digitally printed materials dramatically faster, enabling brand owners to promote products by connecting with consumers through a digitally enhanced package. The Koenig & Bauer RotaJET-series of digital printing presses will feature SEE’s prismiq™ intellectual property, software and hardware. By accelerating the digitalization of printing platforms, both companies will drive expansion of their portfolio of solutions. The partnership will expand market opportunities for both companies and result in co-branded digital printing presses.

With the packaging industry preparing to meet EU recyclability targets, the demand for innovative and sustainable solutions is growing fast. In a recent co-creation project with SN Maschinenbau GmbH, a leading manufacturer of horizontal pouch-packaging machines, UPM Specialty Papers tested a range of heat-sealable barrier papers on SN Maschinenbau’s packaging machines. The goal was to create a recyclable, renewable, fibre-based pouch ideal for dry, frozen, and greasy foods. The sample will be displayed at Interpack 2023. As a world-leading manufacturer of packaging machinery, SN Maschinenbau seeks to deliver the best pouch packaging technology to its customers. In the light of current trends, this includes the capability to produce and process the recyclable and renewable packaging materials that customers are looking for. Working closely with partners, SN Maschinenbau is searching for new types of materials that, at best, can be seamlessly integrated into existing pouch packaging machinery.

Cascades announces an important repositioning of its Tissue Papers platform to enhance the performance of the business. The Company will simplify operations by concentrating the majority of its tissue product operating activities at core, geographically well-positioned sites that offer opportunities for future development. These changes will reduce costs, create synergies and significantly improve the Tissue Group’s financial, operational and environmental performance. This decision will not affect the level of service Cascades provides to its customers. Beginning in July 2023, Cascades will progressively close its underperforming plants in Barnwell, South Carolina, and Scappoose, Oregon, as well as the virgin paper tissue machine at its St. Helens plant, also in Oregon. The equipment slated for closure, which have a combined total annual rated capacity of 92,000 short tons of tissue paper and 10 million cases of converted product, have been operating below capacity producing 56,000 short tons of tissue paper and 5 million cases of converted product in 2022, mostly on the West coast. A portion of this production will be absorbed by open capacity at our other facilities and by the increase in productivity at our sites, particularly in the United States. Cascades has the option to evaluate the possibility of redeploying the seven conversion lines impacted by this decision to other sites at a later date.

Net sales were $1.8 billion in the first quarter of 2023, up compared to $1.7 billion in the prior year period primarily due to higher selling prices. Sales volume (in tons) was down 8 percent which was partially offset by favorable change in mix. Approximately 3 to 4 percent of the volume decline was attributed to a challenging prior year comparison (up 6.4 percent) amid record low inventories and disruption from temporary external events impacted volumes around 2 percent. Overall, the company estimates underlying market demand was down approximately 2 to 3 percent primarily due to inventory destocking across the supply chain and softer consumer demand in a few markets given macroeconomic uncertainty. Earnings before income taxes were $270 million in the first quarter of 2023, up $100 million compared to the prior year quarter. Likewise, segment operating profit was $398 million in the first quarter of 2023 compared to $231 million in the prior year period.

Packaging and speciality paper manufacturer Sappi Europe has invested a double-digit million euro sum in a new plant to produce innovative high-barrier papers – including an all-new type of barrier coating machine. Recently put into operation at the company’s Alfeld site in Germany, the in-house solution will produce high-barrier papers for recyclable packaging for food and non-food applications. Sappi draws on far-reaching expertise in paper-coating technology. For more than 10 years, the company has been producing a wide range of packaging papers that feature integrated barriers against oxygen, grease, water vapour, mineral oil and aromas, at the same time as providing excellent protection for packaged products. At a time when the packaging industry faces steadily increasing demand – from consumers, the retail sector and legislators – to offer sustainable materials and processes, Sappi’s long-standing commitment to paper-based, recyclable flexible packaging solutions meets this megatrend for more sustainable packaging solutions.

Mondi is investing in innovative technologies to increase FunctionalBarrier Paper capacity in order to meet the growing demand for sustainable paper-based packaging solutions. Mondi's range of FunctionalBarrier Paper offers tailored barrier properties that reduce the amount of plastic used in packaging, supporting the development of a circular economy. The range is being supported with an investment in a new extruder at Mondi Coating Štetí (Czech Republic). This will comprise the construction of a production building which will house state-of-the-art machinery such as an extrusion coater and a slitting machine. Production is expected to start in 2024.

Eco-Products® is launching its newest line of sustainable products, compostable cutlery made from Forest Stewardship Council® (FSC)® certified birch wood complete with a unique, user-friendly design. The new wooden spoons, forks and knives feature a ridge in the handle for a stronger grip and extra durability. The utensils have CMA-S (Substrate Acceptance) from the Composting Manufacturing Alliance (CMA). “This new wooden cutlery is a significant addition to our GreenStripe® line,” said Wendell Simonson, Director of Marketing for Eco-Products. “Fiber-only alternatives are becoming increasingly popular, and now there is an offering that doesn’t require foodservice operators to sacrifice on design or performance.” The wood cutlery includes 6.5-inch knives, forks and spoons that are perfect for both hot and cold foods. They’re now available bulk unwrapped as well as individually wrapped or wrapped as part of a kit.

Trayforma BarrPeel by Stora Enso is a new, easy-peeling board material for vacuum skin packs enabling packaging fresh food on recyclable paperboard trays. Trayforma BarrPeel supports brand owners’ sustainability ambitions by reducing plastic to less than 10% of the tray. Trayforma BarrPeel by Stora Enso is a sustainable barrier-coated paperboard material for pressed trays -- an ideal solution for vacuum packaging cold cuts, single portion meats, fish, and cheese. It consists of 90% renewable wood fibers, keeping plastic usage to a minimum and significantly reducing the packaging’s carbon footprint. Vacuum-sealed skin packaging extends the shelf life of fresh food, thus limiting environmental impact by preventing food waste.

In addition to various flexible packaging papers for the food sector, with Koehler NexPlus® Seal Pure Koehler Paper is offering a sustainable packaging option for products where no additional barriers are required: These include screws, electronic components and parts, processors, and LEDs—with Koehler NexPlus® Seal Pure in grammages of 35, 40, 45, 65 or 80 g/m², products are equipped with tear-resistant, sturdy, and sustainable packaging. Like all other Koehler NexPlus® paper, Koehler NexPlus® Seal Pure is also heat-sealable, and its strength properties make it very well suited for further processing on all commercially available packaging machines.

Packaging Corporation of America reported first quarter 2023 net income of $190 million, or $2.11 per share, and net income of $198 million, or $2.20 per share, excluding special items. First quarter net sales were $2.0 billion in 2023 and $2.1 billion in 2022. Reported earnings in the first quarter of 2023 include special items primarily for closure costs related to corrugated products facilities and design centers. Excluding special items, the ($.52) per share decrease in first quarter 2023 earnings compared to the first quarter of 2022 was driven primarily by lower volumes in the Packaging ($.95) and Paper ($.04) segments, higher operating costs ($.27), higher depreciation expense ($.11), higher freight and logistics expenses ($.04), higher non-operating pension expense ($.04), and higher converting costs ($.02).

Net sales in the first quarter were $2,974 million compared to $3,162 million in the first quarter of 2022 reflecting higher beverage can volumes in Americas Beverage, offset by lower volumes across most other businesses, the pass through of approximately $100 million in lower steel and aluminum costs and unfavorable foreign currency translation of $36 million. Income from operations was $269 million in the first quarter compared to $344 million in the first quarter of 2022. Segment income in the first quarter of 2023 was $320 million compared to $383 million in the prior year first 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 $60 million of year over year inventory impact of steel repricing in the Other segment and lower volumes.

The consolidated sales of the Group increased by EUR 61.7 million or 5.8% to EUR 1,122.1 million (Q1 2022: EUR 1,060.4 million). This growth is mainly due to the acquisition of the MM Packaging division. At EUR 61.6 million, the operating result was EUR 49.5 million below the comparative figure for the previous year (Q1 2022: EUR 111.1 million). This decline is mainly due to downtimes in the MM Board & Paper division due to market and remodeling and restructuring expenses of EUR 15.5 million in the packaging division. The Group's operating margin was therefore 5.5% (Q1 2022: 10.5%).

• Sales decreased by 3% to EUR 2,721 (2,798) million. • Operational EBIT decreased by 53% to EUR 234 (503) million. • Operational EBIT margin decreased to 8.6% (18.0%). • Operating profit (IFRS) decreased to EUR 258 (394) million. • Cash flow from operations amounted to EUR 254 (403) million. Cash flow after investing activities was EUR 1 (224) million. Key highlights: • The acquisition of the Dutch De Jong Packaging Group was completed on 6 January 2023. • The Paper division was discontinued as of 1 January • The plan to divest of the Beihai site in China is proceeding according to plan. • The consumer board investment at the Oulu site in Finland is moving ahead according to schedule. Construction estimated to start during 2024, start of production expected during 2025.

First quarter sales of $5.2 billion increased 2 percent, with organic sales up 5 percent, driven by a 10 percent increase in price and favorable product mix from ongoing revenue growth management programs offset by a 5 percent decrease in volume. In North America, sales increased 5 percent over last year, including increases of 2 percent in Personal Care, 5 percent in Consumer Tissue and 12 percent in K-C Professional. Outside North America, organic sales were up 4 percent in developing and emerging (D&E) markets and 10 percent in developed markets (Australia, South Korea and Western/Central Europe). Gross margin improved by 340 basis points to 33.2 percent, with higher net revenue realization and cost savings offsetting higher input costs of $160 million. First quarter operating profit was $787 million compared to $693 million last year, resulting in an operating margin of 15.1 percent, an increase of 150 basis points.

Michigan State University celebrated the opening of the newly renovated MSU School of Packaging building on April 20, following a fundraising campaign that raised more than $10 million. “This significant expansion of our facilities, enabled by the generosity of donors and stakeholders, will reinforce MSU’s longstanding leadership in packaging education,” said MSU Interim President Teresa K. Woodruff, Ph.D. “These improvements anchor our commitment to the excellence of our School of Packaging and will help us prepare the next generation of leaders in packaging science.” Established in 1952, the MSU School of Packaging was the first school of packaging in the United States and now is the largest packaging program in the country, with over 600 undergraduate and graduate students.

UPM Specialty Papers’ heat-sealable barrier papers have achieved excellent results in tests carried out with Koenig & Bauer's next generation of inkjet digital printing technology. This is good news for brand owners and converters interested in surpassing the limitations of conventional printing methods in order to accelerate time to market or to create more customized packaging. With the ability to change designs simply by updating a file, digital printing opens new possibilities for brand owners and converters – from accelerating time to market through to creating more customized packaging. The goal was to test and optimize the compatibility of digital printing for UPM Specialty Papers’ barrier papers for digital printing, as it would offer a powerful combination for transforming how flexibly even small batches of packages can be produced.

Georgia-Pacific is making significant investments, totaling more than $50 million, at its Port Hudson mill in Zachary, Louisiana. The investments will greatly enhance the company’s retail consumer towel business. Investments to the Port Hudson mill include upgrades to increase capacity and improve capability of existing converting equipment and enhance internal infrastructure. Construction has begun, with startup of the lines scheduled for some time in mid-2023. “This truly is an investment in our customers and consumers who value the quality of our products,” said Vivek Joshi, president of the retail tissue, towel and napkin business for Georgia-Pacific.

Amcor is proud to partner again with Tyson Foods, one of the world’s largest food companies and a recognized global protein leader, to launch a more sustainable package for consumer products. The partnership of Amcor and Tyson Foods pairs two industry leaders in sustainability to innovate a first-to-market solution that provides a more sustainable package without compromise on performance. Tyson Foods’ Jimmy Dean® egg bites and frittatas are now packaged in Amcor’s AmPrima™ recycle ready forming/non-forming flexible film. The design and development of the package addresses more than sustainability needs; Amcor R&D led the development of a cost-efficient outcome that was achieved through customization of the film. Compared to a typical, less-sustainable film, Amcor’s AmPrima™ recycle ready forming/non-forming film delivers, when sent to landfill: 30%* reduction in non-renewable primary energy demands, 29%* reduction in carbon footprint, 42%* reduction in water consumption

DS Smith, the leading provider of sustainable packaging solutions, today announced an ambitious upgrade program to its kraft paper mill in Viana, Portugal. A multiyear €145M package of investments will bring some of the most up to date paper-making machinery to Viana, rebuilding the mills paper machine and reducing CO2 emissions. Marking the company’s commitment to both growth and the circular economy in Portugal, the investment package will include the rebuild of the existing paper machine and a brand-new state of the art recovery boiler which will be one of the most modern in Europe. The boiler will improve environmental performance by enhancing steam efficiency at the mill by 25%, with steam from the boiler being recycled back into the mill. The start-up of the new boiler, provided by market leader Valmet, is expected to be in early 2025.

Tetra Pak has made new advancements in the area of recycled content, expanding its offering of packaging solutions using certified recycled polymers to cover new formats, product categories and geographies. The expansion is a key milestone in the company’s journey towards a circular portfolio, turning waste into new resources, and reducing the industry’s dependence on virgin, fossil-based materials. It comes at a pivotal moment, aligning with the recently released European Commission’s proposal for the Packaging and Packaging Waste Regulation.2 Fossil-based plastic production is set to increase by 10.8% between 2021 and 20253. At the same time, 86% of shoppers are concerned about the usage of plastic and its impact on the environment, and believe that using recycled plastic is one of the best ways to tackle this challenge4. They have also started to act on it, increasingly choosing to buy products or packages with recycled material in the last year.5

At Georgia-Pacific, we know that natural resources are entrusted to our care and we are proud to make products that customers and consumers need in a responsible and sustainable way. This Earth Day, we are highlighting our investments in one of our many innovative and sustainable solutions – recyclable padded mailers. The growing customer and consumer demand for sustainable and efficient packaging drove our innovation efforts for producing packaging that could be recycled. Our EarthKraft™ mailers are made from 100% legally and responsibly sourced wood and are a paper-based alternative to plastic poly and bubble-padded mailers. As of 2022, over half a billion mailers have successfully been shipped and are on track to reach over one billion in 2023. EarthKraft™ mailers are SFI ® Certified which means we follow forestry best management practices to protect the land, habitat, and drinking water. Not only do our mailers create less waste, they also have a 96% re-pulpability rate which means they can be turned into more mailers (or even boxes).

“In a world where customers want things faster, simpler, eco-friendly and with greater value, we have the solution – Industry leading high speed tool-less technology. Our high speed digital printing technology increases the ease, speed, and flexibility of executing high graphic programs, while using eco-friendly water based inks. Coupled with our state of the art laser cutting technology, we are delivering the industry’s fastest print to order platform. This production strategy eliminates pre-press and plate costs, greatly accelerates speed to market, and gives our customers a competitive marketplace advantage.” – Anthony Pratt, Global Executive Chairman, Pratt Industries. See video at: https://innovations.prattindustries.com/industry-leading-digital-print-technology

Do you find yourself ordering items online these days? We’ve got a sustainable packaging solution for that! In 60-seconds, see how we transform kraft paper into recyclable padded mailers that arrive at your door. Watch the video at: https://news.gp.com/2023/04/how-we-make-mailers

O-I Glass, Inc. broke ground for a state-of-the-art greenfield glass plant in Bowling Green, KY. The facility is the first O-I facility purpose-built to leverage the company’s MAGMA technology. The groundbreaking event, attended by O-I CEO, Andres Lopez, KY Lieutenant Governor Jacqueline Coleman, and a host of company and regional dignitaries, marks the beginning of a multi-phase investment of up to $240 million to enable the continued development of the company’s revolutionary MAGMA technology, while providing an unprecedented level of service to our customers and local market. MAGMA technology is designed for flexible, modular glass production and can reduce the environmental footprint of glass production. Facilities built for MAGMA will feature a smaller melter and will be constructed using more sustainable methods and materials. MAGMA technology will enable advanced technologies, including ULTRA light-weighting potential, on-off capability, and can include feed-forward and feed-back control loops to promote premium quality glass.

Berry Global Group, Inc. has begun expanding one of its leading stretch film manufacturing facilities in Lewisburg, Tennessee for completion by early 2024. The 25,000 square foot expansion will support the growing demand for Berry’s highest performing, sustainable stretch films by creating space for three new cast lines, upgrading the capacity of the facilities existing post-industrial resin (PIR) reprocessing system, and extending its rail spur for resin material handling. In coordination of the expansion, Berry will add ten new jobs in the Lewisburg facility. “The ability to access innovative, sustainable film solutions is critical for our customers as they work to drive progress toward a circular, net-zero economy,” said Phil Stolz, EVP and General Manager, Performance Materials for Berry. "Expanding our Lewisburg facility will allow us to optimize the facility to help our films customers deliver against their ambitious sustainability goals.” Through collaboration with its OEM supplier, Berry will complete the installation of one cast line to support 20 million pounds of added capacity for ultra-high-performance films.

Construction is scheduled to begin soon on a $91 million upgrade at Georgia-Pacific’s containerboard mill in Monticello, Mississippi. It's one of the company’s largest investments in the Lawrence County facility. The project consists of replacing the log line, which includes scales, cranes, a rechipper, unbinding racks and other critical equipment needed to safely unload trucks and prepare logs and chips for processing into pulp. “This project will create long-term value and improve our capabilities as we work to become the best manufacturer in the industry,” said Drexel Lambert, vice president for Georgia-Pacific containerboard operations.

Working closely with partners from across the food packaging value network, UPM Specialty Papers is co-creating transformative solutions that reimagine the future of sustainable packaging. A long-standing relationship with Henkel, a worldwide leader in industrial and consumer businesses, has now resulted in a recyclable, heat-sealable packaging material compatible with existing packaging lines. Pushing the performance of barrier papers to an unsurpassed level of grease resistance, it offers a tried and tested concept for converters. The plastic coating traditionally required for protection and heat-sealing renders the final product difficult to recycle. Inspired by a shared focus on creating sustainable alternatives, UPM Specialty Papers and Henkel have reinvented the concept to help brand owners and converters meet ever growing consumer and regulatory demands for easy to recycle packaging.

UPM Raflatac is expanding its wash-off portfolio with new paper label materials that enhance the recycling of PET and HDPE. The label materials have received European certifications of recyclability from Institut cyclos-HTP for PET and HDPE packaging, and they are part of UPM Raflatac’s SmartCircle™ portfolio. “We are determined to develop solutions for circularity. While plastics have remarkable features to keep valuable content safe until consumption, we also seek ways to increase the share of certified renewable materials in the packaging that go beyond fossils. Now, in addition to our multiple plastic wash-off solutions, we are excited to expand the offer into sustainably sourced paper labels. These innovations enable high-quality recycled PET and HDPE flakes to be used again as the label material separates cleanly in the recycling process,” says Sylwia Jurys, Vice President, Paper Laminates SBU EMEIA, UPM Raflatac.

Novolex®, a leader in packaging choice, innovation and sustainability, is introducing Power Prep™ wrap for grab-and-go hot sandwiches and other freshly made foods. Manufactured by Novolex brand Bagcraft®, the new wrap is laminated and insulated to keep food tasting fresh as it moves from the freezer to thawing and re-heating, and while it’s held under heat at the point of sale. This allows customers to enjoy a delicious hot sandwich that was made and wrapped off site. Power Prep wrap is ideal for convenience stores, supermarkets and other foodservice operators, catering to the growing demand for high-quality, freshly made offerings.

Amcor has placed its first commercial order of certified-circular polymers leveraging ExxonMobil’s ExxtendTM technology for advanced recycling for use in packaging for the Australian and New Zealand market. The order will make Amcor the first flexible packaging company to offer certified-circular plastics in this market, which supports partial displacement of fossil-based feedstock and meets growing consumer demand for plastic circularity. Using its ExxtendTM technology, ExxonMobil offers certified-circular polymers with the International Sustainability and Carbon Certification (ISCC) PLUS certification that are identical to polymers made from conventional fossil feedstock. The certified-circular polymers can be used in existing applications, that otherwise require the use of virgin resins.

Mondi is investing in innovative technologies to increase FunctionalBarrier Paper capacity in order to meet the growing demand for sustainable paper-based packaging solutions. Mondi's range of FunctionalBarrier Paper offers tailored barrier properties that reduce the amount of plastic used in packaging, supporting the development of a circular economy. The range is being supported with an investment in a new extruder at Mondi Coating Štĕtí (Czech Republic). This will comprise the construction of a production building which will house state-of-the-art machinery such as an extrusion coater and a slitting machine. Production is expected to start in 2024. In addition, investment is currently underway at Mondi Jülich (Germany) with the rebuild of an existing coater. Two new dispersion coating stations will improve barrier properties by ensuring good coverage on the base paper.

Pregis proudly showcased its packaging innovations to 50,000 industry professionals at ProMat 2023, the largest material handling, logistics, and supply chain show in the world. Coming out of the event, three critical packaging trends will add tremendous value to company fulfillment operations. Automation - E-commerce demand is raising volumes in warehouses, and to keep up, companies have no choice but to implement automation. This technology is being integrated more often, and the runway for an ROI is shorter than ever. Recyclability and Recycled Content - Protective packaging is being truly engineered with the environment in mind. Businesses, and their customers, are increasingly supporting a circular economy. Customer Experience - Protecting goods from the rigors of shipping continues to be a main proponent of customer experience, but as the world continues to lean towards direct-to-consumer offerings, companies are looking for more ways to stand out.

UPM Specialty Papers is excited to announce that the breakthrough oneBARRIER FibreCycle structure will be on display at Interpack 2023. This innovative high-barrier packaging provides a sustainable, recyclable, paper-based alternative to the multi-laminate plastic structures commonly used for long shelf-life products. Just as importantly, it can be recycled in existing fibre recycling streams. oneBARRIER FiberCycle represents the kind of packaging the world needs right now, enabling brand owners to reduce their reliance on fossil-based or non-recyclable materials, increase their use of renewable materials, and meet their sustainability targets. Working closely with leading experts across the world, UPM Specialty Papers is co-creating a more sustainable future through fibre-based, recyclable packaging materials. oneBARRIER FiberCycle is the result of a multi-year project in partnership with BOBST, one of the leading suppliers of substrate processing, printing and converting machinery, and Michelman, a developer of high barrier water-based coatings for packaging applications. By uniting their expertise from across the food packaging value chain, the group set out to create a recyclable paper-based packaging solution for foods with a long shelf-life. UPM Solide LucentTM offered an ideal basis for the development work. As a dense, smooth, and strong base paper, it is ideal for lightweight and uniform coatings. BOBST supplied the AluBond technology – an aluminium coating one-thousandth the thickness of a human hair and Michelman was responsible for the integrated coating system that provides priming, barrier properties and heat seal. Together these solutions have proved to be a powerful combination, resulting in a transformative approach to safeguarding food products with a long shelf-life, such as coffee, instant soup and sauce powder packets, spices, or milk powders.

Cushioning is an essential part of protecting fragile goods from shock and vibration. That’s why for many decades, plastic foams have been used as a versatile and cost-effective solution. However plastic based foams are problematic. If they leak out to nature the material is inert and will not degrade. Furthermore, plastic foams are generally made from finite sources, mainly crude oil, which leads to a release of fossil carbon at its end of life. To turn these challenges into a thing of the past, Stora Enso has developed a lightweight, paper-based foam for protection and cushioning in packaging. Here are three key reasons why Papira® by Stora Enso is better than conventional plastic foams. 1. A bio-based product - Plastic foams used in cushioning today are mainly made of crude oil, resulting in a product with a high carbon footprint over its lifetime and other environmental issues. 2. Recyclable in the paper stream - Even though plastic foams such as expanded polystyrene or polyethylene foams are lightweight and handy, recycling them is difficult. Paper-based Papira® by Stora Enso is designed for recycling in paper or carton streams. 3. Biodegradable and compostable - As a material, Papira® is designed to be biodegradable. Therefore, it does not become waste or pollution even if not recycled properly.

In connection with the start-up last week of containerboard production at Norske Skog Bruck, we invite press, investors and other interested parties to the official opening ceremony of our new containerboard machine at the Bruck industrial site on 22 June. Norske Skog Bruck started its containerboard production last week, introducing 210 000 tonnes of competitive testliner and fluting capacity to meet the growing demand for renewable packaging. The production is based 100% on recycled fibre and will use steam from the new waste-to-energy plant, which opened in April 2022. Norske Skog Bruck will start to deliver containerboard to customers in the second quarter. Full production utilisation of 95% is expected in the second half of 2025.

Sonoco announces that the high barrier paper-based structure, EnviroFlex® Paper Ultimate (ULT) 1.0, has received How2Recycle® pre-qualification and has met all requirements of the Fibre Box Association’s Voluntary Standard for Repulping and Recycling. This pre-qualification comes as a result of Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions. EnviroFlex Paper ULT 1.0 is a superior oxygen, moisture, and grease barrier packaging solution available in various formats, including rollstock, heat/cold seal, sachets, and pre-made pouches. EnviroFlex Paper ULT 1.0 provides exceptional protection and preservation for perishable items, such as baked goods, confections, pet treats, salty snacks and powdered beverages, while being curbside recyclable. Sonoco understands the importance of providing safe and non-toxic materials in convenient formats. Therefore, the company has gone above and beyond to develop EnviroFlex Paper ULT 1.0 and a host of other paper-based structures without the use of chemicals of concern, such as PFAS and PVDC.

Ox Industries is increasing efficiency and production capacity with a $5 million investment in new high-speed converting lines across multiple facilities. This sophisticated technology will positively impact the productivity of Ox Industries’ vertically integrated tube and core and protective packaging plants and seamlessly merge with current operations and Ox-owned URB (uncoated recycled paperboard) mill network. Each converting line will have the most innovative automatic roll handling and finished product packaging technology to improve ergonomics, decrease on-the-job injuries, increase productivity, and enhance quality control. “We embrace continuous investment that pairs with our efficiency and employee safety values. This equipment will highlight our recent acquisitions while giving us a broader footprint to serve our customers,” said Ox Industries CEO Kevin Hayward.

Amcor announced that it has earned a Flexible Packaging Association (FPA) Silver Achievement Award for its AmPrima™ PE Plus recycle-ready pouch for Lahli™ Morning Protein Bites. The pouch features Amcor’s AmPrima™ PE Plus recycle-ready film: *AmPrima™ solutions employ a variety of technologies, including proprietary techniques unavailable elsewhere, to deliver recycle-ready alternatives with no compromise on performance. *The AmPrima™ PE Plus material matches the clarity, stiffness, heat resistance, surface energy and abuse resistance of the unrecyclable incumbent film. *To aid recycling efforts, the pouch carries a How2Recycle® label for the PE stream, clearly communicating store drop-off recycling instructions.

TC Transcontinental Packaging is pleased to announce that it has been recognized with the prestigious Gold award in the Shelf Impact category for manufacturing the Procter & Gamble’s Gillette Slate Resealable Razor Pouches at the 2023 Flexible Packaging Achievement Awards. Additionally, TC Transcontinental Packaging took home two Silver awards; one in the Shelf Impact category for the San Pellegrino Essenza Sparkling Water 24-case collation shrink film which includes 33% of PCR (post post-consumer recycled) content, and one in the Printing category for the Whole Foods Baking Mix Flat Bottom Pouches. “We are proud to win FPA’s “Shelf Impact” and “Printing” awards and to be recognized by the industry for our team’s technical expertise,” said Thomas Morin, President Transcontinental Packaging. “At TC Transcontinental Packaging we value the trust our customers place in us, and every TC employee strives to deliver flexible packaging solutions especially for them. We acknowledge the critical role our packaging plays in annunciating their brand message and connecting with the consumer. To do so we bring high-end technology, sustainable solutions, expertise, and passion to support our customer’s success in the market today.”

In the movement to create more eco-friendly packaging, brand owners are seeking additional assurances their suppliers are providing safe and sustainable solutions that meet both packaging and consumer demands. To exceed these expectations, Ahlstrom is pleased to announce Cristal® Transparent Packaging Papers have met ChemFORWARD’s rigorous evaluation of human and environmental criteria for safer alternatives through the organization’s SAFER™ program. Cristal® transparent papers are ideal alternatives to non-renewable materials, from replacing a plastic or film in a package to creating a fully fiber-based end-use structure. “The use of transparent paper in packaging enables the food and ecommerce industries to effectively convey a value of trust in customers’ minds,” explained Guillaume Latourrette, Global Vice President of Food Packaging for Ahlstrom. “The strong sustainable attributes Cristal® already addressed as a natural, compostable, and recyclable packaging solution are now amplified by achieving SAFER™ status.”

Amcor announced a joint research project agreement with Nfinite Nanotechnology Inc. to validate the use of Nfinite’s nanocoating technology to enhance both recyclable and compostable packaging. In the proof-of-concept phase of the project, Nfinite’s coating technology will be applied to Amcor’s existing recyclable and compostable packaging material. The objective is to deliver an oxygen barrier to improve performance for recyclable and compostable packaging. Once validated, the next stage of development will seek to ensure the products are optimized to Amcor’s manufacturing processes and analyze additional substrates, such as bio-based materials to create more sustainable applications.

Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, made official, this Wednesday (22), the start of operations at the Klabin Port Terminal (PAR-01), located on the wharf commercial center at the Port of Paranaguá, in Paraná. With the capacity to receive one million tons of pulp and paper per year, the Terminal is part of the investment package in logistics made by the Company in the State in recent years. With the operation, the unloading of short and long fiber pulp, fluff pulp and paper, from the Puma Units, located in Ortigueira (PR), and from the Monte Alegre Unit, in Telêmaco Borba (PR), can be carried out within the Port of Paranaguá. With a structure that covers an area of ​​27,530 m², leased by Klabin for 25 years, in an auction held in August 2019, the new operation also brings productivity and competitiveness to Klabin in Break Bulk, a mode of maritime cargo transport without the use of of containers, which ships large volumes directly inside the ships, allowing customers to be served on a large scale and with operational excellence.

Kimberly-Clark Professional™ launches its ICON™ dispenser collection in the UK in March 2023. This innovative washroom solution will bring game-changing hygiene and design, combined with a new standard of dispensing performance and human-centric experience, to deliver unmatched confidence that goes beyond simply dispensing paper towels. The ICON™ portfolio showcases three system solutions for hand towels, toilet tissue and skincare, including soap and sanitiser. To gain a better understanding of how people’s attitudes towards hygiene and handwashing have shifted in the wake of the global COVID-19 pandemic, Kimberly-Clark Professional commissioned a survey¹ conducted by GfK in Europe. The survey revealed perceptions of cleanliness alongside evolving hygiene habits, expectations, and standards, such as: *76% of people have had poor experiences with hand hygiene in public washrooms since the start of the pandemic. *Almost half (46%) of respondents wash their hands more frequently than before the pandemic because they pay more attention to hygiene overall. *42% have experienced empty or improperly functioning paper towel dispensers, leading to frequent complaints.

Aptar Closures, a global leader in dispensing closures and active material science solutions today announced the acquisition of majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain. With the acquisition, Aptar Closures will leverage its global business capabilities and Gulf Closures’ manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East while opening new market opportunities and strengthening its presence in the region. Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.

Tonawanda, New York-based NOCO’s Buffalo River Compost brand Tend says its 1-cubic-foot bags of Brian’s Best Seal of Testing Assurance-, or STA-, approved compost will be packaged using a lawn and garden bag containing 20 percent postconsumer resin (PCR) for the 2023 season. Buffalo, New York-based Buffalo River Compost launched Tend, a brand geared for direct-to-consumer lawn and garden products, in 2022. When the company began to pursue packaging options, it says it found limited sustainable options. “Some places around the country are starting to require minimum recycled content standards for plastic packaging, such as garbage bags, but due to features such as UV protection and anti-slip, we weren’t able to immediately identify suppliers that used PCR in lawn and garden bags,” says Bobbie Thoman, director of sustainability and innovation at Tend.

The world’s largest machine for the production of kraftliner has entered service in Obbola in Västerbotten, outside Umeå, eastern Sweden. With a total investment of SEK 7.5 billion, this major project has been completed ahead of schedule and within budget, significantly increasing opportunities to produce packaging materials that replace plastic. “At full capacity, the machine will increase capacity from 450,000 tonnes to 725,000 tonnes a year, enabling our renewable kraftliner to replace large amounts of plastic and improve the [Obbola] plant’s competitiveness on the global market,” says Gustaf Nygren, SCA Obbola Plant Director. The Expansion Obbola investment project has a total budget of SEK 7.5 billion, of which approximately SEK 1 billion has been earmarked for environmental improvements at the site. For example, a biofuel-fired mesa furnace has been installed at the plant with the potential to phase out the use of fossil fuels and save 20,000 tonnes of carbon dioxide emissions.

Trioworld has added a new high-performance cast stretch film to its Katan-Ex range: Katan-Ex SL. Katan-Ex SL is fitted with a super slippery outside layer with non-cling properties and with all the benefits of cast film. This makes Katan-Ex SL a unique product. After successful customer testing at a large dairy company, Katan-Ex SL has demonstrated: *Pallets no longer clinging together *Less film usage, because of Katan-Ex SL's high stretchability *A reduction in cost per wrapped pallet.

Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, today celebrated the groundbreaking of WestRock’s new 410,000-square-foot corrugated box plant in Longview, Washington. Located just outside of the Vancouver, Washington metropolitan area, this marks the first collaboration between Clayco and WestRock. Developed by JB2 Partners and owned by an investment fund managed by ElmTree Funds, the new building will host a WestRock corrugated manufacturing operation, which will create approximately 40 jobs in Longview, Washington when production begins in the fall of 2023. Situated on 23.5 acres, the single-story, concrete tilt-up manufacturing facility will have a clearance height of 44 feet.

The products Koehler NexPlus® OGR and Koehler NexPlus® Wrap now not only do without the use of fluorochemicals, but also without the use of acrylate. This makes them the sustainable, environmentally friendly alternative to the packaging paper previously used in the fast food sector. With Koehler NexPlus® OGR and Koehler NexPlus® Wrap, Koehler Paper, a leading provider of paper with a disruptive barrier function for packaging solutions, has developed its fast-food paper further and brought it more into line with customer demand for sustainability. These products are now not only made without the use of fluorochemicals, as they have always been, but also without the use of acry-lates, making them a sustainable and environmentally alternative to the packaging paper currently used in the fast-food sector.

Fourth Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization (“EBITDA”) from ongoing operations for Aluminum Extrusions of $8.9 million was $2.0 million lower than the fourth quarter of 2021 *EBITDA from ongoing operations for PE Films of negative $2.6 million was $9.3 million lower than the fourth quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.0 million was $0.6 million higher than the fourth quarter of 2021

AptarGroup, Inc. announced that it has updated its Scope 1 and 2 science-based targets, setting an emissions reduction goal consistent with requirements to limit global temperature rise to 1.5° Celsius by year 2030. In 2021, Aptar significantly surpassed the original goals for emissions reduction to the WB2°C scenario and as a result, the Company has worked to update these goals to be more ambitious. Today, Aptar is proud to announce that its Scope 1 and 2 absolute emissions reduction targets align to the 1.5°C scenario and have been validated by the Science Based Targets initiative (SBTi).

Mag. Gernot Schleiss, Managing Director of MM Frohnleiten, explains: “The main objective of our investment was the modernization of the KM3 to enhance the quality of the end product, to reduce specific energy consumption and to increase productivity across the entire product range. We are convinced that ANDRITZ’s innovative PrimeLine technology will help us reach our targets.” Georg-Michael Sautter, ANDRITZ Key Account Manager Paper Board adds: “The new PrimeFlow AT headbox improves the quality of the end product, the two PrimePress X shoe presses lead to energy and bulk savings, and the PrimeRun web stabilizers ensure improved runability. All in all, the perfect package for highly efficient and high-quality production.”

Berry Global Group, Inc. announced that it will be expanding its line of high-performance building wraps through the launch of TYPAR® DrainableWrap™, the Company’s first drainable building wrap engineered to protect multi-story structures from the elements and manage excess moisture. TYPAR DrainableWrap Commercial has joined TYPAR MetroWrap in the brand’s growing portfolio of building wraps designed specifically for commercial structures. “The addition of TYPAR DrainableWrap Commercial is further proof of Berry Global’s commitment to the commercial market and delivering on our customer promise of Innovation for the World. Solutions for You.,” said Andrew Irvine, product manager, TYPAR. “This new commercial wrap offers the superior UV protection and tear strength needed for commercial job sites while also helping commercial builders and architects address the growing challenge of drainage in high-rise building envelopes.”

ePac Flexible Packaging is pleased to announce that the company has achieved compliance in advance of all state deadlines related to PFAS and plastic packaging. State Laws and regulations banning intentionally added Polyfluoroalkyl (PFAS) in packaging have begun to go into effect in 2023. PFAS substances do not break down in water, soil, or the human body and have been identified as a potential health hazard. Eleven states have already enacted legislation for various forms of packaging with the first plastic packaging related deadline in Vermont of July 1 2023. Many other states have legislation in process and more will follow.

The consolidated sales of the Group reached EUR 4,682.1 million and were thus 52.5% or EUR 1,612.4 million above the previous year’s figure (2021: EUR 3,069.7 million). At EUR 510.3 million, an operating result of EUR 240.7 million above the previous year (2021: EUR 269.6 million) was achieved. Financial income amounted to EUR 4.3 million (2021: EUR 3.3 million). The increase in financial expenses from EUR -24.4 million to EUR -32.1 million is mainly due to the raising of promissory note loans and registered bonds in the previous year to finance acquisitions and organic growth projects. The net income for the year thus increased by EUR 154.5 million to EUR 345.2 million (2021: EUR 190.7 million).

It all started with the question: is it possible to create a high performance stretch film based on recycled material whilst keeping the high-quality level? And now, Trioworld proudly presents Katan-Ex Loop30: the high performance stretch film for businesses, allowing them to both reduce their carbon footprint and keep their loads stable. Katan-Ex Loop30 arrived right on time: this product makes it easier than ever to switch to a more sustainable option. Trioworld has a strong focus on sustainability and has set clear goals for the use of Post-Consumer Recycled materials in many of its products. Trioworld is therefore proud to introduce this new high performance stretch film with 30% PCR content.

Mondi, a global leader in sustainable packaging and paper, has won the coveted PPI Award in the Product Innovation category for its Hug&Hold packaging solution. The Fastmarkets Forest Products PPI Awards are the only global awards dedicated to recognising the achievements of companies, mills and individuals in the pulp and paper sector. Hug&Hold is a paper packaging solution designed and developed to wrap and transport PET beverage bottles, replacing plastic shrink wrap. It is a recyclable 100% paper-based solution, comprising a kraft paper sleeve and a corrugated clip to secure the bottles and offer a comfortable handle for transportation.

Ahlstrom has today launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure. Stenay plant produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.

When Inland Packaging opened its third new 40,000 sq.-ft .manufacturing facility in La Crosse, WI, the domestic label and packaging manufacturer ensured that its $15 million equipment investments included a unique high speed, specially built press for the in-mold label market. To provide the finest service to its customers, management chose the pinnacle of premium offset press technology available on the market — its first Koenig & Bauer, a Rapida 106X UV LED nine color plus coater — as the centerpiece of its newest production facility. “Our state-of-the-art press and finishing equipment have opened additional capacity with increased productivity and efficiency,” says Amy Mashak, Director of Operations at Inland. “This additional capacity is allowing Inland to better serve growing markets and exceed customer demand.”

The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin was the winner in two categories of the PPI Awards, by Fastmarkets RISI, considered the most important worldwide recognition of the Pulp and Paper sector. Cristiano Teixeira, the Company's managing director, was elected “International CEO of the Year”, and the company's actions aimed at the digital transformation of its forestry operations were recognized in the “Digital Innovation” category. Since taking over Klabin's general management, Cristiano Teixeira has guided the Company's full and continuous growth process, with a focus on sustainability, operational efficiency and technology. The executive prioritizes strategic planning guided by the company's integrated, diversified and flexible business model, capable of adapting to the most diverse economic environments, and which reinforces the Company's long-term vision.

Packaging is often the first physical touchpoint a customer has with a brand and product - the form, function, and branding of the packaging can be very influential on a purchasing decision. However, packaging has a massive sustainability problem that can’t be ignored. Today the world produces 400 million tons of plastic waste annually, 36% of which is from packaging and 85% of which ends up in landfills or as unregulated waste. Rethinking how we package products can improve the sustainability and circularity of these materials, address health concerns like microplastics and antimicrobial-resistant bacteria along the way, and even provide an improved business case. With that in mind, let’s dive into four trends and innovations in sustainable packaging that will define the future of the category. 1. Reducing and recycling plastic packaging 2. Making strides with mono-materials 3. Biodegradable and repurposable packaging 4. Antimicrobial awareness and innovation

Atlantic is excited to announce that the Science Based Targets initiative (SBTi) has approved our science-based targets for reaching net-zero greenhouse gas emissions by 2046! Atlantic Packaging is the first North American packaging company with an approved net-zero target. Overall Net-Zero Target: *Atlantic commits to reach net-zero greenhouse gas emissions across its value chain by 2046, which is Atlantic’s 100th birthday. Near-Term Targets: *Atlantic commits to reduce Scope 1 and 2 greenhouse gas emissions 70% by 2030, from a 2021 base year. *Atlantic also commits that 55% of its suppliers by spend, covering purchased goods and services, will have science-based targets by 2027. *Atlantic further commits to reduce 25% of its Scope 3 greenhouse gas emissions from purchased goods and services by 2030, from a 2021 base year.

Greif is pleased to announce the rebrand of its product circularity program, now known as Life Cycle Services by Greif. Backed by one of the most comprehensive sustainability programs in industrial packaging, Greif has a proven history of helping customers meet and exceed their sustainability goals. This initiative aligns with its recently announced 2030 Sustainability Targets, including a broader focus on advancing a circular economy, reducing greenhouse gas emissions, and championing diversity, equity, and inclusion initiatives. Under the new Life Cycle Services brand, Greif has aligned these end-of-life services offered by its Global Industrial Packaging (GIP) and Paper Packaging and Services (PPS) businesses.

Fourth Quarter 2022 Financial Highlights: *Net Revenues of $1,476 million for the fourth quarter of 2022 were down 3% compared to $1,527 million in the fourth quarter of 2021 and down 8% compared to $1,609 million in the third quarter of 2022. *Net Income from continuing operations of $27 million for the fourth quarter of 2022 decreased 21% compared to $34 million in the fourth quarter of 2021 and decreased 85% compared to $175 million in the third quarter of 2022. Full Year 2022 Financial Highlights: *Net Revenues of $6,220 million for the year ended December 31, 2022 were up 14% compared to $5,437 million in the prior year. *Net Income from continuing operations of $319 million for the year ended December 31, 2022 compared to $33 million in the prior year.

Aptar Beauty, a leading and innovative dispensing solutions provider for beauty brands around the world has acquired iD SCENT, an expert in full paper fragrance sampling solutions that present multiple sustainability features. iD SCENT will further strengthen and expand Aptar’s portfolio of fragrance sampling solutions with a 100% paper-based product, customizable to each beauty brand and fully e-commerce capable. iD SCENT brings a unique know-how in fragrance encapsulation in paper, together with the company’s proprietary manufacturing process and assets. iD SCENT was founded in 2004 by Michel Caffon in Lyon, France, and has developed a strong know-how in scented paper technology, offering a wide range of full paper sampling, combined with compelling expertise in olfactory long lastingness.

Eco-Products® announced today that one of its Vanguard® clamshells has earned CMA-W approval from the Compost Manufacturing Alliance (CMA), making it the first molded fiber item made with no-added PFAS to be approved by CMA. Vanguard is a groundbreaking line of compostable plates and containers made from molded fiber. The award-winning products use a proprietary chemistry to achieve grease resistance without the addition of PFAS, part of a class of materials sometimes referred to as “forever chemicals.” “Eco-Products is proud to be an industry leader in offering the very best, most innovative products made from renewable and recycled materials,” said Ian Jacobson, President of Eco-Products. “CMA’s approval of this item continues to distinguish Vanguard as the premier option in the no-added PFAS product category.”

Constantia Flexibles, the third largest producer of flexible packaging worldwide, has signed an agreement to acquire the Polish company Drukpol Flexo. “We are delighted by this opportunity to invest in the growth of our European flexo printing platform whilst reinforcing our successful footprint in Poland,” says Pim Vervaat, CEO of Constantia Flexibles. On March 2nd, 2023, Constantia Flexibles has agreed to acquire the Polish flexible packaging company Drukpol Flexo sp. Z.o.o. “I am convinced that Drukpol Flexo has found the right partner for the future and continues to grow under Constantia Flexibles’ wings,” states the founder and owner of Drukpol Flexo, Zenon Ziemak.

International Paper announced a company rebrand to align with its strategic vision to Build a Better IP through sustainable, profitable growth and accelerated value creation. As the company celebrates its 125th anniversary in 2023, the rebrand highlights the resilience of International Paper, the sustainability of its mission and its commitment to creating what's next. The new branding is rooted in the company's legacy of safety, ethics and stewardship. It embodies a renewed sense of purpose, energy, and optimism, and marks another major milestone in the evolution of International Paper.

Living in the Bioeconomy is the title of the two-day conference Sweden is organizing during the Presidency of EU. Today, Billerud’s President and CEO Christoph Michalski spoke about the role of fibre-based packaging in the needed green transition. The conclusion is that material and design of package matters. The bioeconomy is an important part of the circular economy. Fiber-based packaging is recycled, and the fiber is reused again and again until the quality of the fiber has become so low that it no longer can be used. Then it returns to carbon dioxide and the natural carbon cycle is closed. This contrasts the fossil economy. Billerud replaces fossil-based materials with renewable and recyclable materials. Recycled content contributes to the sustainability of paper-based packaging and to a more sustainable, circular economy. “I would also like to stress the importance of food safety. Protecting food and reducing food waste have a greater impact than the actual climate impact of producing the package”, says Christoph Michalski.

I am delighted to be able to share with you the news that on February 22, 2023 TASKI acquired substantially all of the assets of NSS Enterprises, Inc. The joining of TASKI and NSS will provide an expanded product offering to you, as well as expanded local resources, including sales, customer service and technical support. Toledo, OH production facilities will continue to service NSS customers, as well as expand TASKI’s footprint in the U.S. The acquisition reinforces TASKI’s dedication to expand our service and support of your business. U.S. production will allow TASKI to improve its time to market, and NSS will benefit from the synergies created by the acquisition. You will also benefit from the global research, development and innovation excellence for which TASKI is renowned. Over the coming months, a dedicated team will work through the beginning stages of integrating the two businesses, with customer service and technical support as the key focus areas. We commit to keeping you informed of the process and will provide regular updates. In the coming days and weeks, the team will be spending time with customers to discuss and explore the benefits of the TASKI-NSS enhanced offering. If you have any questions, please feel free to speak to your NSS and/or TASKI sales representative, who will be happy to discuss, in more detail, the benefits TASKI-NSS can bring to your business.

The ISCC PLUS certification reinforces the Pregis Purpose to ‘Protect, Preserve, Inspyre.’ It is the latest example of the company achieving goals in support of its sustainability commitment to provide high-performing products while enabling a circular economy. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-based. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain. "The completion of the ISCC PLUS certification across the entire Pregis Performance Flexibles facility network clearly showcases our commitment to advancing the circular economy," explains Jonathan Quinn, Director of Market Development and Sustainability for Pregis Performance Flexibles. "It is a testament to our continued efforts to push the boundaries of innovation in blown films and expand our specialty films offerings in the food and medical packaging markets as well as other demanding applications."

Q4 2022 Highlights *Sales of $1,135 million (compared with $1,174 million in Q3 2022 and $1,028 million in Q4 2021) *Operating loss of $(20) million (compared with $25 million in Q3 2022 and $(90) million in Q4 2021) *Net loss per common share of $(0.27) (compared with a net loss per common share of ($0.02) in Q3 2022 and net earnings per common share of $1.04 in Q4 2021). 2022 Annual Highlights *Sales of $4,466 million (compared with $3,956 million in 2021) *Operating income of $33 million (compared with $50 million in 2021) *Net loss per common share of $(0.34) (compared with net earnings per common share of $1.60 in 2021)

Smurfit Kappa has patented a new innovative Vitop® Uno tap which is the first tap in the Bag-in-Box market to have attached tamper protection. The new tap design is compliant with the forthcoming Single Use Plastics Directive as it does not require the consumer to remove the tamper protection. Instead, it is deactivated when the product is first used and remains an integral part of the tap without affecting the subsequent use of the Bag-in-Box® product. This innovative solution eliminates the possibility of the tamper protection plastic ending up in the environment which can happen with detachable tamper protections. After use, the consumer can easily separate the box from the bag with the tap and send them for recycling in accordance with their country's recycling regulations.

Highlights • Strong financial performance from continuing operations ◦ Underlying EBITDA of €1,848 million, up 60% (2021: €1,157 million), with underlying EBITDA margin of 20.8% (2021: 16.6%) ◦ Profit before tax of €1,560 million, up 119% (2021: €712 million) ◦ Cash generated from operations of €1,292 million, up 29% (2021: €1,001 million); strong balance sheet with leverage (net debt to underlying EBITDA) of 0.5 times • €1 billion expansionary capital investment pipeline on track to deliver growth across our packaging businesses • Good progress made on our sustainability roadmap, Mondi Action Plan 2030 (MAP2030) ◦ Science-based Net-Zero targets validated • Completed sale of the Personal Care Components business • Agreed sale of Russian assets, with regulatory approval process ongoing

Huhtamaki has acquired full ownership of Huhtamaki Tailored Packaging Pty Ltd (HTP), the Australian foodservice packaging distribution and wholesale group. HTP employs more than 130 people and is today one of the largest importers and distributors of foodservice packaging in Australia serving a wide network of customers including metropolitan and regional packaging wholesalers, food wholesalers, club and hospitality suppliers, and national quick service restaurant businesses.

Stora Enso will invest approximately EUR 30 million in its Heinola Fluting site in Finland to renew the energy set-up and process equipment. After the investment, the site can replace also the remaining fossil-based fuels with renewable bioenergy. This will reduce the site’s greenhouse gas emissions with more than 90%. "This investment supports Stora Enso’s emissions target, enabling our carbon footprint to reach the lowest levels on the market for Nordic semi-chemical fluting board. As a result, we can help our customers to become more environmental-friendly while at the same time providing them with our premium quality fluting product”, says Henna Pääkkönen, Head of Containerboard Business Unit at Stora Enso Packaging Materials.

Georgia-Pacific is making a significant investment at its corrugated plant in Owosso, Michigan. Newer equipment will improve the plant's throughput and print capability to better meet customer needs. The upgrades include a new corrugator, converter, single facer, preheater, glue machine, and control systems as well as an upgrade to the existing single facer and unitizer. By enabling the double wall capability, Owosso will be able to expand its customer base and provide expanded products to current customers. “The investment in the Owosso plant is part of our strategy to be the preferred partner of our customers and will help us continue to expand our product offerings with superior service and quality,” said Bill Smith, Georgia-Pacific’s area general manager.

To help major food brands achieve important sustainability goals, Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in North America, is teaming up with AmSty, the leading manufacturer of polystyrene in North America and a pioneer in circular recycling of polystyrene. Pactiv Evergreen will soon offer customers innovative foam polystyrene packaging products with AmSty’s post-consumer recycled content derived from advanced recycling technologies. “Pactiv Evergreen produces thousands of products in more than a dozen materials that protect, package and display fresh food and beverages,” said Eric Wulf, president of Pactiv Evergreen’s food merchandising business unit. “Our broad material expertise enables us to support our customers quickly and effectively as they seek more sustainable products. Our collaboration with AmSty expands our portfolio of circular packaging, and we’re pleased to offer this solution to our customers.”

Diversified Labeling Solutions, a national converter of pressure-sensitive labels, has expanded its RFID label business with the addition of a new Mark Andy flexographic press with an inline Tamarack RFID inserter. As a leading national label supplier, DLS has seen significant growth in the demand for RFID labels. To continue to meet customer demand, and bring RFID label conversion inhouse, DLS has installed a new 13” 4-color Mark Andy 2200 flexographic press with three die cutters, a perforation station and an inline Tamarack P500 RFID module. The new equipment is installed in DLS’ Itasca, IL facility and adds to DLS’s already significant production portfolio. With five nationwide locations, DLS maintains a fleet of over 50 presses including flexographic, UV digital, HP Indigo and hybrid printing equipment.

It’s no secret that the last few years have had their challenges – tightening economic conditions, supply chain constraints and the ongoing global pandemic to name a few. One of the bright spots for many was the opportunity to welcome a new four-legged family member into their home, – or simply spending more time spoiling their furry friends. With increased time at home, pet ownership skyrocketed, - as did the need for pet essentials. It makes sense that the pet food and supplies industry has experienced continuous growth. In fact, by 2026, U.S. households are expected to provide homes to roughly 195 million cats and dogs alone. As people continue to bring new pets into the home at an increasing rate the demand for pet supplies (and pet food and medicine in particular) naturally continues to increase.

Kruger Packaging announced investments of over $30 million to modernize its Place Turcot Containerboard Mill in Montréal. With this important transformation to be completed in 2025, the Place Turcot facility will be the first in North America to manufacture 100% recycled saturating kraft board, a product that is used to make high-pressure laminates for furniture, countertops and decorative paneling. In support of this innovative project, the government of Canada is contributing $10 million through the Investments in Forest Industry Transformation (IFIT) program, while the Québec government is providing a combined sum of more than $3 million through the Innovation Bois Program, as well as the ÉcoPerformance program, which stems from the 2030 Plan for a Green Economy. In addition to eco-friendly saturating kraft board, Place Turcot will make other specialty products from 100% recycled fibres, including gypsum board paper, customized board for residential construction, folding box board for FDA-compliant food packaging, and white top linerboard.

Aptar has again achieved the Platinum level rating in recognition of its sustainability efforts from EcoVadis. The Platinum rating places Aptar among the top 1% of the more than 90,000 companies rated by EcoVadis across all industries. “We are extremely proud to once again achieve Platinum status from EcoVadis due to our continued progress in key sustainability areas of environmental stewardship, labor and human rights, ethics and sustainable procurement,” said Stephan B. Tanda, Aptar President and CEO. “This recognition reflects our shared values: to act ethically and responsibly, to foster a diverse team and capitalize on this strength, to care for each other and our planet, to source renewable energy, and to further a circular economy where packaging is reused and recycled.”

Trioworld expands its capacity in the United Kingdom through a substantial investment in automated production equipment for hand stretch film. This will enhance our ability to serve the market more efficiently throughout the UK and Europe. In 2022, Trioworld acquired both Eurofilms and Quality Films, now merged into Trioworld UK, creating a strong position across the country. With this investment, Trioworld UK further strengthens its capacity and the consistent supply of natively produced high-performance conventional and pre-stretched hand film.

Mill Rock Packaging Partners LLC announced that it has acquired Keystone Paper & Box Company, a leading specialty packaging company that manufactures custom folding cartons for consumer and healthcare end markets. Mill Rock Packaging, formed by Mill Rock Capital in 2020, is a growth-oriented specialty packaging company focused on leading design, innovation and technology, with strong operational capabilities and unparalleled customer service. The transaction marks Mill Rock Packaging's expansion to the Eastern U.S. and its fourth acquisition. In connection with the transaction, Keystone's leadership team has made a significant investment in Mill Rock Packaging. Management will remain with the company. Terms of the transaction were not disclosed.

Fourth Quarter and 2022 Highlights *Delivered progress on strategic priorities including portfolio simplification and structural transformation *Achieved record fourth quarter and annual financial results. In the fourth quarter, revenue grew 16%. GAAP EPS grew by 48% and Base EPS grew by 28% year-over-year *Successfully integrated the Metal Packaging acquisition to expand rigid packaging in North America *Completed Skjern Paper acquisition in Denmark in the fourth quarter to expand sustainable paper packaging products in Europe *Reaffirmed commitments to ESG initiatives as noted in our annual corporate responsibility report

Net sales of $1.4 billion decreased 8% as reported in fourth quarter 2022, with APAC decreasing 14%, Americas decreasing 8%, and EMEA decreasing 6%. Net earnings were $95 million, or $0.65 per diluted share, in fourth quarter 2022 as compared to net earnings of $169 million, or $1.12 per diluted share, in fourth quarter 2021. Full year 2022 net sales of $5.6 billion increased 2% as reported, with Americas increasing 6%, APAC decreasing 6%, and EMEA decreasing 3%. Full year 2022 net earnings were $491 million, or $3.33 per diluted share, as compared to net earnings of $491 million, or $3.22 per diluted share, in full year 2021.

Highlights - Six Months Ended December 31, 2022 • Net sales of $7,354 million, up 6%; • GAAP Net income of $691 million, up 62%; GAAP diluted earnings per share (EPS) of 46.1 cps, up 65%; • Increasing cash returns to shareholders: quarterly dividend of 12.25 cents per share; and up to $500 million of share repurchases expected in fiscal 2023, including an additional $100 million announced today; and • Fiscal 2023 outlook: Maintaining adjusted EPS and Free Cash Flow ranges at 77-81 cps and $1-1.1 billion, respectively.

Q4 2022 in brief: *Net sales increased 10% to EUR 1,104 million (EUR 999 million) *Comparable net sales growth at Group level was 9% and 6% in emerging markets *The impact of currency movements on the Group's net sales was EUR 46 million and EUR 5 million on EBIT. Q1-Q4 2022 in brief *Net sales increased 25% to EUR 4,479 million (EUR 3,575 million) *Comparable net sales growth at Group level was 15 % and 16% in emerging markets *The impact of currency movements on the Group's net sales was EUR 234 million and EUR 22 million on EBIT *Capital expenditure was EUR 318 million (EUR 259 million)

January–December 2022 (compared to 1–12/2021): Sales were EUR 2,479.6 million (2,084.1). The comparable operating result was EUR 520.7 million 386.6), or 21.0% of sales (18.6). Operating result was EUR 531.5 million (375.9). Comparable earnings per share were EUR 1.13 (0.85), and earnings per share were EUR 1.15 (0.82). Comparable return on capital employed was 20.9 % (18.7). Net cash flow from operations was EUR 232.0 million (329.6). October–December 2022 (compared to 10–12/2021): Sales were EUR 599.8 million (518.5). The comparable operating result was EUR 100.8 million (91.3), or 16.8% (17.6) of sales. Operating result was EUR 94.7 million (90.8). Comparable earnings per share were EUR 0.23 (0.20), and earnings per share were EUR 0.21 (0.19). Comparable return on capital employed was 15.5% (16.1). Net cash flow from operations was EUR 70.2 million (119.7).

2022 Highlights - Net Sales were $9,440 million versus $7,156 million in the prior year. *Net Organic Sales increased 3% from the prior year. *Net Income was $522 million versus $204 million in the prior year. *Earnings per Diluted Share were $1.69 versus $0.68 in the prior year. *Net debt was $5,133 million versus $5,659 million at prior year end. *Year-end net leverage was 3.2x versus proforma 4.6x at prior year end. *New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.

Finnish startup Fiberwood, a producer of 100% ecological wood fibre insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production. Valued at EUR 25 billion, the global insulation market is currently dominated by two groups of products: inorganic mineral wools, such as stone or glass wool, and fossil-based cellular plastic products, like polystyrene. However, these products have more environmental consequences as they are not recyclable or biodegradable. Fiberwood’s bio-based, plastic-free, and compostable insulation sheets are made from wood pulp and side streams from the mechanical wood industry with special foam-forming technology. The insulation sheets include natural traits of trees as well as air pockets that increase the material’s insulation capabilities. The products are carbon negative as they store and bind carbon dioxide to the wood for as long as it exists. The insulation sheets are easy, safe, and quick to install. Once they are ready to be recycled, the insulation sheets will biodegrade into plastic-free soil.

Greif is pleased to announce the rebrand of its product circularity program, now known as Life Cycle Services by Greif. Backed by one of the most comprehensive sustainability programs in industrial packaging, Greif has a proven history of helping customers meet and exceed their sustainability goals. This initiative aligns with its recently announced 2030 Sustainability Targets, including a broader focus on advancing a circular economy, reducing greenhouse gas emissions, and championing diversity, equity, and inclusion initiatives. Under the new Life Cycle Services brand, Greif has aligned these end-of-life services offered by its Global Industrial Packaging (GIP) and Paper Packaging and Services (PPS) businesses. For years, rigid packaging customers have trusted on the EarthMinded® network of partners across the US and EMEA for collection, cleaning, recycling, and reconditioning services.

Lacerta Group LLC recently invested in expanded regional capabilities, new facilities, and innovative technology to strengthen our commitment to end-to-end customer service. Lacerta is a leading provider of innovative thermoformed packaging solutions that has built its reputation on product integrity, speed to market, and customer care. The acquisition of a facility in the Midwest and larger, consolidated warehousing space in the Northeast is helping customers across the country get packaging products faster and at a competitive price. Below you’ll find the details of our investments in 2022 that strengthen our continued dedication to serving our customers. Lacerta recently opened a fully refurbished and consolidated warehouse center in Attleboro, Mass. Lacerta also acquired the production facility and other assets of Portage Plastics Corporation in late 2022, expanding services in the Midwest and West markets. The 70,000-square-foot manufacturing and warehouse space include 11 thermoformers for production.

Highlights - First Quarter 2023 *Operating income of $210 million; Operating EBITDA of $443 million, up 3% on a comparable basis *Earnings per share of $0.85; Adjusted earnings per share of $1.30, up 11% on a comparable basis *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges *Returned $211 million to shareholders in the quarter ($178 million via share repurchases and $33 million in dividends) *Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA)

SEE announced today that it has completed the previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis. This strategic acquisition unites two leaders in the global flexible packaging industry and aligns with the high-performance growth and innovation cultures of both companies. Liquibox is a pioneer, innovator and manufacturer of Bag-in-Box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition accelerates SEE’s fastest growing segment, the CRYOVAC® brand Fluids & Liquids business. CRYOVAC® technology, scale and market access provide a significant source of synergies. This acquisition contributes to and fast tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable packaging solutions.

Metsä Board has concluded a logistics agreement with Kuljetusliike Kalevi Huhtala Oy for transport between the Kemi board mill and Ajos harbour, in Kemi. All exports from the Kemi board mill will be centralised in Ajos. "Efficient export logistics is a key factor in paperboard production. We require efficient and low-emission solutions from our chosen partners in logistics," says Timo Ahonen, VP, Kemi Board mill.

In today's world, it has become increasingly important not only to make sure that your brand is standing out from the competition but that you are delivering a seamless and integrated experience across all channels. To meet this demand, brands must find ways to provide an omnichannel approach that puts the customer at the center of every interaction. When it comes to retail packaging, this means providing an experience that resonates with the customer and sets your brand apart from the competition. Let’s look at omnichannel packaging and how you can use it to create a consistent brand experience for your customers. What is omnichannel packaging? The omnichannel experience is a retail strategy focusing on a consistent experience across every channel your customers use to interact with your brand.

First Quarter Highlights and other notable items: *Net sales of $4.9 billion comparable year-over-year *Net income of $45 million, Adjusted Net Income of $141 million *Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash pension costs increased $40 million year-over-year and the unfavorable impact of foreign currency was $17 million year-over-year *Acquired the remaining 67.7% interest in Gondi, S.A. de C.V. (“Grupo Gondi”) for $970 million, plus the assumption of debt *Divested two uncoated recycled paperboard mills (“URB”) for $50 million, subject to a working capital adjustment, and recorded an $11 million pre-tax gain on sale

Approximately three billion pizza boxes are manufactured in the U.S. each year1 and nearly 12.5 million of those pizzas are purchased for Super Bowl Sunday alone according to American Pizza Community. Pratt Industries is proud to be a producer, supplier and recycler of pizza boxes used to celebrate special occasions, from the big game to family game nights and everything in between. “Pizza is a big part of American culture,” says Bob Humberstone, Segment Director for Pratt’s pizza business. “It’s an easy go-to for serving groups, whether spontaneous get-togethers or pre-planned celebrations; making it a convenient and fast crowd pleaser.” Humberstone adds that Pratt understands pizza. Just like one pie doesn’t fit all when it comes to pizza, Pratt understands that one solution does not suffice for all pizza retailers. “National chains need reliable volume, supply chain optimization and sustainable solutions,” says Humberstone, “while regional players need help with inventory management, order flexibility, and size options. Smaller pizzerias may want to be more personal and have quick-turn options for seasonal messages tied to the local community.”

Ahlstrom has led the marketplace in the movement towards more sustainable solutions for fiber-based food packaging, and its new generation of FluoroFree® technology is achieving grease-resistance in the most challenging food packaging applications. Ahlstrom’s FluoroFree® technology has expanded to its PawPrint® line of multi-wall, fiber-based pet food packaging papers, in addition to its Tempera® Microwave Popcorn papers and Servera® Quick Service Restaurant products. For applications in need of fully sustainable packaging and grease barrier wrapping such as bouillon cubes, FluoroFree® provides the solution utilizing alternative materials to films and foils. In addition, Ahlstrom’s Genuine Vegetable Parchment products are naturally greaseproof papers that are also certified Home Compostable.

FULL-YEAR AND FOURTH QUARTER 2022 HIGHLIGHTS *Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share) compared with $1.8 billion ($4.47 per diluted share) for full-year 2021 *Full-year 2022 adjusted operating earnings* (non-GAAP) of $1.2 billion ($3.18 per diluted share) compared with $944 million ($2.41 per diluted share) for full-year 2021 *Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share) including a $533 million non-cash impairment of our Ilim joint venture investment; Fourth quarter adjusted operating earnings* *9% full-year revenue growth; 24% full-year operating earnings growth *Building a Better IP initiatives delivered $250 million of earnings benefit in 2022, including $75 million in fourth quarter *$2.2 billion of full-year 2022 cash provided by operations, including $761 million of cash provided in fourth quarter

Following the success of its original Lewis Hamilton signature energy drink, Monster Energy has continued its ongoing partnership with the seven-time Formula One World Champion to launch a new zero-sugar version. Zero sugar is a key growth driver in the energy drink category. The new Lewis Hamilton Zero Sugar edition has a completely new formula with a refreshing peach nectarine flavour described as “stone fruits” and is made from vegan ingredients. For this all new SKU (Stock Keeping Unit), Monster needed new artwork that reflected Lewis Hamilton’s status as a global sporting celebrity. They achieved this with a unique collaboration between the champion driver and cutting-edge digital artist Mad Dog Jones (Michah Dowbak).

The American Forest & Paper Association has released its Q4 2022 Containerboard Quarterly report. According to the report, total U.S. containerboard production decreased 5% when compared to the full year of 2021. Most containerboard grades experienced double-digit percentage declines in Q4. Drops in both domestic and export production contributed to operating rates in the 80s and in some cases the high 70s, bringing the 2022 operating rate five points below that of 2021. Recycled Medium was the only subgrade that had a single-digit percentage drop (-9%) and an increase in export production for the quarter, though exports represent a very small portion of its total production.

Stora Enso’s segment reporting was changed on 1 January 2023 due to the ongoing reorganisation of the Paper division’s operations and changes in the reporting of emerging businesses in the Packaging Solutions division. The Paper division was discontinued as of 1 January 2023 and will not be reported as a separate segment going forward. From 1 January 2023, the Maxau and Hylte sites are reported in Segment Other until the completion of the divestments. The retained Langerbrugge and Anjala sites are reported as part of the Packaging Materials division. From 1 January 2023, the reporting of the emerging businesses in the Packaging Solutions division, including Formed Fiber, Circular Solutions (biocomposites), and Selfly Stores, was transferred to Segment Other.

Packaging Corporation of America reported fourth quarter 2022 net income of $212 million, or $2.31 per share, and net income of $215 million, or $2.35 per share, excluding special items. Fourth quarter net sales were $1.98 billion in 2022 and $2.04 billion in 2021. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special items. Full year net sales were $8.5 billion in 2022 and $7.7 billion in 2021. In the Packaging segment, shipments per day were down (8.7%) and total corrugated products shipments, with one less shipping day, were down (10.2%) versus last year’s fourth quarter. Containerboard production was 961,000 tons, and containerboard inventory was down 66,000 tons from the third quarter of 2022 and down 46,000 tons compared to the fourth quarter of 2021. In the Paper segment, sales volume was down 14,000 tons compared to the third quarter of 2022 and down 15,000 tons from the fourth quarter of 2021.

Silgan Holdings Inc., a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, reported record full year net sales of $6.41 billion, a 12.9 percent increase over prior year net sales of $5.68 billion, and full year 2022 net income of $340.8 million, or $3.07 per diluted share, as compared to full year 2021 net income of $359.1 million, or $3.23 per diluted share.

As of January 1st, Trioworld’s recent acquisitions of two leading innovative high-performance stretch film UK manufacturers, Eurofilms & Quality Films, have merged into one company to strengthen their UK position and support further growth ambitions. “I am happy to announce that Sonia Griffiths, who has been a driving force in developing the hand stretch film market in the UK during her 19 years with Quality Films, will lead the joint teams of Quality Films and Eurofilms to grow our UK business,” says Per Holtstrand, Division President, Stretch Film at Trioworld Group.

Executive Summary *Fourth quarter 2022 net sales of $5.0 billion, even with the year-ago period, including organic sales growth of 5 percent. *Full-year 2022 net sales of $20.2 billion increased 4 percent, with organic sales up 7 percent. *Diluted net income per share for the fourth quarter was $1.50 in 2022 and $1.06 in 2021. Full-year diluted net income per share was $5.72 in 2022 and $5.35 in 2021. *Net sales in 2023 are expected to increase 0 to 2 percent, including organic sales growth of 2 to 4 percent. Diluted earnings per share is expected to increase 2 to 6 percent, driven by an operating profit increase in the mid-to-high single digits, both versus adjusted results in 2022.

In 2021, the global consumption of paper cups reached more than 244.7 billion units. Most of them still have a non-recyclable plastic lid on. Finnish entrepreneur Matti Salonoja wanted to create an option for plastic. Stora Enso Cupforma Natura Aqua+ gave a great base for the groundbreaking solution. Matti Salonoja ended up making paper lids partly by chance. In 2008, he and his friend thought about having a business and ended up importing branded paper cups to Finland. When his friend left the company after a couple of years, Salonoja started selling cups full-time, and in 2014 he decided to get a cardboard cup machine himself. Back then, the coating on the paper cups prevented them from being recycled. During 2015, however, several cardboard manufacturers started to develop an alternative to plastic used in cups, made of water-based coated cardboard.

The latest innovation from Koehler, NexPlus® Advanced, is an evolution of the Koehler Paper’s barrier concept, with the aim of replacing plastic as a packaging material where appropriate. nucao is the first chocolate manufacturer in the market to embrace paper primary packaging made from paper and has been using it for its chocolate products “nucao fruits” and “nucao nuts” since the end of 2022. Leipzig-based chocolate start-up nucao is shaking up the chocolate market. Founded in 2016, the company is currently leading the way when it comes to sustainable chocolate. nucao is the first chocolate manufacturer in the market to embrace primary packaging made from paper and has been using it for its chocolate products “nucao fruits” and “nucao nuts” since the end of 2022. The flexible packaging paper Koehler NexPlus® Advanced from Koehler Paper has an excellent oxygen, mineral oil, and grease barrier, which is necessary for applications where there is direct contact with chocolate and nuts. Making this switch enables nucao to meet a key consumer demand for greater sustainability and to lead the way in the chocolate market with how it chooses to package its products.

Mondi, a global leader in packaging and paper, is expanding its unique range of medium, high and very high-barrier paper-based packaging to support customers on their journey to use more sustainable packaging solutions. Thanks to Mondi’s extensive research and development activities, expertise in both paper and plastic as well as investments in new technology and increased capacity, the company has further evolved its portfolio and now offers a full range of FunctionalBarrier Papers to customers. By applying different barrier technologies, such as extrusion coatings, aqueous coatings and other very high barriers, this range of paper-based packaging solutions is fit for purpose and can be used for a variety of applications. The medium barrier solution, designed for industrial, eCommerce and personal care packaging, offers high sealability and medium water vapour protection, while the high barrier functional paper offers a medium oxygen and water vapour barrier, as well as a high grease and mineral oil barrier for frozen foods and chocolates. The very high barrier solution, for consumer food products such as coffee, cereals and confectionery, provides excellent product protection from water vapour and oxygen and ensures a long shelf life.

As shoppers and retailers head back to more routine day-to-day activities following the holiday chaos, one activity that is likely to continue well into February is gift returns. Returns are a routine cost of doing business for online retailers as part of a positive user experience. But the holidays offer more significant challenges regarding returns, particularly when you add more brick-and-mortar stores to the situation. The National Retail Federation estimates consumers will return about 16.5 percent of their gifts. A UPS study puts that at around 23 percent - a quarter of the gifts given over the holidays. In cases where an item still has value after being returned, it is imperative to maintain the integrity of the product during shipment. The easiest way to do that is through effective packaging.

The American Forest & Paper Association (AF&PA) has released the December 2022 Packaging Papers Monthly report. According to the report, total U.S. packaging papers & specialty packaging shipments in December decreased 13% compared to December 2021. Total packaging papers & specialty packaging shipments were down 4% for the year compared to 2021. Shipments of the biggest subgrade in bleached packaging papers — food wrapping — were 27,000 short tons for the month of December. Unbleached packaging papers & specialty packaging shipments in December decreased 12% compared to December 2021. They were down 2% for the year compared to 2021.

The Department of Commerce (DOC) shouldn’t be picking winners and losers in U.S. manufacturing markets, but that is exactly what they are doing in the case of aluminum foil imports. A “self-initiated” case by the DOC against suppliers of aluminum foil from South Korea and Thailand threatens manufacturers of flexible packaging with unwarranted duties on necessary aluminum foil for food, pharmaceuticals, and medical device packaging. These duties are not appropriate as the foil used in these applications is not manufactured in the United States in the quantity and quality needed. In fact, this foil¬—which creates the ideal barrier to bacteria, odor, sunlight, and contamination—is essential to protect the domestic food, health, and medical product supply.

Amcor announced it has entered into an agreement to acquire Shanghai-based MDK. MDK generates annual sales of approximately $50 million and is a leading provider of medical device packaging, a key priority growth segment for Amcor. MDK’s coating capabilities, medical paper-based packaging offerings and customer base complement Amcor’s existing portfolio, further enhancing its leading position in the Chinese medical device packaging market. The addition of MDK also strengthens Amcor’s leadership in the broader Asia Pacific medical packaging segment, which now comprises four manufacturing sites serving the China, India and Southeast Asia markets.

Mondi worked closely with Noel Alimentaria to identify the best possible packaging solution for their range of plant-based and meat food. The collaboration resulted in Noel Alimentaria choosing Mondi’s PerFORMing paper-based tray to pack its rebranded range of sliced plant-based food and vegetarian burgers ‘Verday’. Verday is used by Marks and Spencer’s for its ‘Plant Kitchen’ range in the UK and supplied to Nordic markets for ham and charcuterie products. Being formable, the trays can be moulded and adapted to a range of different-sized food products, with high symmetrical stretch for uniform formability, ideal for shallow food trays. PerFORMing offers strong barrier protection against moisture and oxygen, keeping the food fresh throughout the storage and distribution process. The trays consist of 80% paper compared to the industry standard where they are made of 100% plastic, which means the plastic content of the tray has been greatly reduced. The paper tray is designed for recycling and passed the recyclability tests by German institute PTS (Papiertechnische Stiftung, method RH:021/97).

Metsä Board, part of Metsä Group, has started an environmental impact assessment (EIA) procedure for a folding boxboard mill it is planning to build in Kaskinen, Finland. The company submitted an EIA programme to the South Ostrobothnia Centre for Economic Development, Transport and the Environment (ELY Centre) on 22 December 2022 in accordance with the Act on Environmental Impact Assessment Procedure. The programme is open for public comment and opinion from 12.01.2023 to 10.02.2023. The EIA procedure addresses the environmental impacts of Metsä Board’s folding boxboard mill planned on the existing mill site in Kaskinen. The results of the impact assessment will be considered in the project’s ongoing planning and decision-making process. The assessment will provide information to support decision making, increase citizens’ access to information and their opportunities to influence the process.

Colbert Packaging Corporation announced the installation of two new Eterna blanking die cutters. The Eterna Line ECUT 1060 Elite ER is a welcome addition to Colbert’s Kenosha, WI, and Elkhart, IN, production facilities, adding die-cutting capacity to complement recent printing press installations. The precision-tight registration of the Elite ER delivers precise cutting, especially critical to the stringent packaging quality requirements of the pharmaceutical and consumer packaged goods industries. As an added benefit, tooling is compatible with Bobst Group Technology, the recognized standard for packaging equipment.

The ISCC PLUS certification reinforces the Pregis Purpose to ‘Protect, Preserve, Inspyre.’ It is the latest example of the company achieving milestones in support of its sustainability strategy and commitment to providing high-performing products while enabling a circular economy. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-base. Becoming ISCC PLUS certified highlights our commitment to supporting customers in boosting a circular economy. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain.

Mondi, a global leader in sustainable packaging and paper solutions, has received eight awards in five categories at this year’s WorldStar Global Packaging Awards. The WorldStar Awards recognise the best ideas, innovations and technologies on the market, with a focus on sustainability, product protection and end-user convenience. They are open to entries from packaging companies around the globe. Mondi’s 2023 WorldStar Award winners are: Mono Formable PP, category: food; RetortPouch Recyclable, category: food; EasyTray, category: Fresh fruits and vegetables; NoTamperBox, category: ecommerce; Corrugated-board Wedge, category: transit; TrapezeBox, category: food; Turbocharger, category: transit; Eco Multi Rack, category: other.

De Jong Packaging Group, one of the largest corrugated manufacturers in the Benelux, is now officially part of Stora Enso. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. The acquisition of De Jong Packaging Group will begin a new phase of renewable packaging solutions within Stora Enso. On top of Stora Enso’s existing corrugated facilities, De Jong Packaging Group has 16 sites in total in the Netherlands, Belgium, Germany, and the UK. Most of the sites are corrugated converting and packaging wholesale facilities and they include two corrugators, 16 processing machines and 46 tray erectors. Together they produce 2,5 million boxes a day. De Jong Packaging Group’s core business is corrugated converting where its product portfolio includes corrugated trays, regular slotted boxes (‘American boxes’), specialty folding boxes, corrugated sheets as well as other products like solid board boxes. Services include custom box designs, tray erecting, packaging automation, pre-printing and logistics services.

Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation. The acquisition will significantly strengthen Stora Enso’s presence in European packaging markets and provide an entry into the corrugated packaging market in the Netherlands, Belgium, Germany and the UK. With the acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. De Jong Packaging Group’s full year 2022 sales is estimated at approximately EUR 1 billion. Its product portfolio and geographic presence complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.

Envoy Solutions announced that it has acquired Flowood, Miss.-based Delta Packaging & Supply. The industry-leading packaging distributor offers a wide range of flexible packaging materials, automated packaging equipment, and efficient packaging solutions to a broad range of industries. Delta Packaging & Supply partners with manufacturers to provide its clients with direct pricing on a long list of industrial packaging products, custom poly bags and film, tapes, strapping, machines, and more. For more than 35 years, the company's packaging innovations have provided cost savings for its clients throughout the U.S. The acquisition expands Envoy Solutions' national footprint, particularly in the Southeast where it has established a strong and growing presence in packaging solutions. "Delta Packaging & Supply will be an excellent fit for our differentiated business model of like-minded companies," said Mark M. Fisher, CEO of Envoy Solutions. "Johnie Weems runs a highly valued company with a great team who will help us continue to grow our packaging capabilities. As we build upon our progress in the Southeast, we will continue to enhance efficiency so we can deliver the best solutions to our clients."

Lacerta Group announced that on December 21 it acquired the production facility and other assets of Portage Plastics Corporation and PPC Investments, LLC (together, “Portage Plastics”), a manufacturer of thermoformed packaging products based in Portage, WI. As part of the transaction, Lacerta has hired over 50 Portage Plastics employees. Lacerta is a leading North American provider of innovative and sustainable thermoformed packaging solutions, primarily made from PET. Lacerta offers a comprehensive product portfolio and in-house design capabilities, with a particular focus on customers in the prepared food and fresh produce sectors. Lacerta is a market leader in fully recyclable packaging containing post-consumer resin, which is increasingly gaining importance as its customers seek out more sustainable options to reduce their carbon footprint. “We are excited to acquire a great manufacturing site in Portage Wisconsin and welcome a talented group of dedicated associates to the Lacerta family,” said Peter Lennox, CEO of Lacerta. “This transaction is an important step in Lacerta’s growth story and will allow us to better serve our expanding customer base in the Midwest and Central United States.”

Trioworld Group has signed an agreement to acquire the Canadian based Malpack Ltd. and US based Malpack Corp. (collectively, Malpack), a leading player in solutions for high-performance stretch film in the transit packaging segment. Malpack supports customers in the areas of distribution, beverage, food, consumer goods, e-commerce, and other industrial packaging. Trioworld is very pleased to welcome Malpack to the Trioworld group. As a North American leader in high-performance stretch film, Malpack has grown impressively over the past years. Based on a superior product portfolio consisting of innovative stretch films and a superior service level, Malpack now serves customer from coast to coast in US and Canada. The company is well-invested, and management is focused on strengthening their offering with circular solutions which is in line with Trioworld’s ambition to be the circular leader in the load security and transit packaging market.

The U.S. Environmental Protection Agency (EPA) is likely to publish a final ruling in January 2023, requiring manufacturers (including importers) to report information on PFAS manufactured or imported since Jan. 1, 2011. If the rule is finalized as proposed, manufacturers will have to report use of any materials with PFAS and stop using new products containing intentionally added PFAS. Anticipating these and future legislative limits regarding PFAS, Pregis implemented processes in its high-performance blown film operations to ensure they eliminated PFAS from incoming materials and do not include within the manufacturing process. Pregis Performance Flexibles customers can be confident that our film solutions have no added PFAS, meeting new legislative standards.

Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business while continuing to support its people and customers as well as preserving value for shareholders. The Russian business produces flexible and cartons packaging from one site in St. Petersburg and two sites in Novgorod and employs approximately 900 people. Amcor’s three sites in Russia generated approximately 2% of total Amcor sales in fiscal 2022.

Tetra Laval, the group which comprises Tetra Pak, Sidel and DeLaval is donating power and heat generators to a value of EUR 10 million as humanitarian aid to the people of Ukraine, currently suffering major power shortages as a result of the Russian war on Ukraine. The equipment, including more than 200 generators, will be donated directly and with immediate release to Ukrainian authorities for onward distribution to the areas worst affected by the lack of power in the country. “I am grateful to Tetra Laval for its donation which helps us restore Ukraine’s energy system. Russian missile terror seriously damaged it and left millions of Ukrainians without normal access to power, water, and heating amid freezing winter temperatures. With help of partners and friends, we stand strong. In these circumstances, Tetra Laval demonstrates an example of great social responsibility and solidarity. We will always remember this and kindly encourage other responsible Swedish businesses to follow suit,” says Mr. Dmytro Kuleba, Minister of Foreign Affairs of Ukraine.

As 2022 comes to an end, Georgia-Pacific has launched or completed approximately $1.8 billion in capital improvement projects throughout the company. Projects include new facilities and additions as well as improvements to existing operations. These investments lead to productivity and income opportunities for local contractors who help complete the projects, stimulating each facility location's economy. Diboll Lumber-$7 million - Georgia-Pacific completed a $7 million upgrade that modernized the Diboll lumber mill in Texas and helped increase its overall production. Clarendon OSB-$40 million - Georgia-Pacific also announced a $40 million investment in its oriented strand board (OSB) facility in Alcolu, South Carolina. Muskogee Tissue-$50 million - The company announced plans to upgrade parts of its 640-acre Muskogee, Oklahoma, bath tissue, towel, and napkin manufacturing operations in May. Bradford Corrugated-$34 million - Announced in May, the Bradford, Pennsylvania, corrugated plant will undergo a significant upgrade with an investment topping $34 million for new equipment to modernize the plant's operations. Broadway Paper Mill-$500 million - A $500 million expansion began in July at the company’s Broadway mill in Green Bay, Wisconsin. The investments will significantly enhance the company's retail consumer tissue and towel business.

In very early 2023, Agri-Packing Supply Inc. will open its new facility in southern Arizona, significantly expanding the capacity of its cooling and logistics business. “This new facility will add 200,000 square feet to our existing capacity,” said Sales Executive Jorge Ruiz, adding that the facility is in the Rio Rico Industrial Park in Nogales. “We are very excited to welcome new partners into this facility.” Agri-Packing is a 32 year old company devoted to the fruit and vegetable industry offering packaging and grower supplies mainly for grower-shipper exporters operating from the Pacific West Coast of Mexico. “Our three main lines of products are corrugated boxes, flexible packaging (mainly retail pouch bags), and rigid containers (clamshells and custom labels),” Ruiz said.

Amcor announced the opening of its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost $100 million, the 590,000-square-foot plant is the largest flexible packaging plant by production capacity in China, further strengthening Amcor’s ability to meet growing customer demand throughout Asia Pacific. The new facility is expected to employ more than 550 people, who will produce flexible packaging solutions for food and personal-care products. The plant comes equipped with the first automated packaging production line in China. This, along with high-speed printing presses, laminators, and bag-making machines, can deliver double-digit reductions in manufacturing cycle times.

Mondi plc confirms that it has entered into an agreement to sell its three Russian packaging converting operations to the Gotek Group for a consideration of RUB 1.6 billion (around €24 million at current exchange rate), payable in cash on completion (the ‘Disposal’). The three packaging converting operations comprise a corrugated solutions plant and two consumer flexibles plants, producing a range of packaging solutions for the domestic Russian market. The loss on the Disposal is expected to be in the range of €70-80 million at current exchange rate.

Seven UPM packaging papers are now proven to be industrially compostable, marking another step on UPM Specialty Papers’ sustainability journey. Seven packaging papers have recently been certified as industrially compostable, according to the EN13432 standard: *Barrier papers: UPM PregoTM, UPM AsendoTM *Coated one side papers: UPM FlexPackTM, UPM UniquePackTM, UPM UniquePackTM Strong *Specialty kraft papers: UPM SolideTM Lucent