Total U.S. Containerboard Production Increased 7 Percent in Q1 2024

The American Forest & Paper Association (AF&PA) released its Q1 2024 Containerboard Quarterly report. According to the report, total containerboard production in Q1 increased 7% compared to Q1 2023. U.S. operating rates for all major grades of conatainerboard in Q1 2024, except Semichemical Medium, increased compared to Q4 2023 while total production was down 0.7% (Q1 had 1 less day than Q4). Unbleached Kraft Liner production for export surged more than 41% over its year-ago levels. The Q1 2024 export total was higher than any quarter in 2023. Despite the significant increase in exports, domestic new supply was up 3.7% from Q1 2023 due to the increase in domestic production, as well as a 12.6% increase in imports of containerboard. New supply declined slightly from Q4. Mill inventories ended the quarter at 429,400 short tons, lower than at the end of 2023, but higher than any other month last year.
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Monadnock Paper Mills’ 2022 CSR Report Details Commitment to Sustainability and Resilience

Key highlights of the 2022 CSR Report include: *EcoVadis Gold Rating: Monadnock received EcoVadis gold rating, placing it in the top eight percent of the 90,000+ companies ranked by EcoV Since earning a silver rating in the 2015 assessment, the company has achieved a 30% improvement in performance level. *Sustainable Resource Management: In 2022, Monadnock enabled its customers to avoid the consumption of 42,400,000 pounds of wood. The company also saw a 58% increase in post-consumer waste (PCW) usage since 2021. *Waste Reduction: Trash to landfill was reduced by 11% over 2021 with an excellent diversion rate of 98.6%. For context, a Zero Waste company is often defined by a minimum 90% diversion rate. *Innovative Collaborations: Monadnock collaborated with a global brand to pioneer a paper-based, 100% post-consumer waste recycled bag closure.
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Dotdash Meredith Sees Lower Q2 Revenue-And Reduced Loss (mediapost.com)

Dotdash Meredith posted a 15% decline in Q2 2023 revenue YoY to $414 million. But a $17.8 million operating loss reflected a 35% improvement over the prior year. Digital revenue fell by 10% YoY to $212 million. Print declined by 21% to $206.8 million, driven by a circulation falloffs for some publications. “Stability in traffic helped, as did passing the toughest of last year’s advertising comparables,” says Joey Levin, CEO of parent IAC. Levin continues, “While we can’t count on any aggregate recovery in the ad market, we do expect Dotdash Meredith to benefit from D/Cipher adoption, Performance Marketing strength, and more ad performance optimization on the former Meredith sites.”
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