Net sales in the Consumer Products segment were $223.3 million for the first quarter of 2019, down 6.5% compared to first quarter 2018 net sales of $238.8 million. This decrease was due to lower volumes sold, including the impact from the divestiture of the Ladysmith, Wisconsin mill in August 2018, partially offset by higher average prices for both retail and non-retail tissue products and a favorable mix shift to ultra-quality products. Segment operating income and margin for the first quarter of 2019 was $1.3 million and 0.6%, compared to operating income and margin of $1.6 million and 0.7%, respectively, in the first quarter of 2018. Net sales in the Pulp and Paperboard segment were $205.4 million for the first quarter of 2019, up 3.7% compared to first quarter 2018 net sales of $198.1 million. The increase was due to higher paperboard prices, partially offset by lower sales volume. Segment operating income and margin for the first quarter of 2019 were $29.4 million and 14.3%, compared to $26.2 million and 13.2%, respectively, for the first quarter of 2018. Click Read More below for additional information.
DS Smith, a leading international sustainable packaging company, has today released new research which finds that 1.5 million tonnes of plastic could be replaced each year from just five areas within supermarkets across Europe.
Its report, ‘Transforming the Supermarket Aisle’, was developed in conjunction with White Space, the leading growth strategy consultancy. It identifies plastic packaging, such as fresh produce punnets and shrink wrap, which supermarkets can replace with alternative, renewable materials. The five categories identified account for over 70 billion individual units of plastic (over 1.5 million tonnes) per year and are highlighted as targets for reduction and replacement by the packaging company.
Miles Roberts, CEO of DS Smith commented: It is clear that we all have a big job to do, but we can already see through our research some of the potential answers. Our research demonstrates that simple changes in the materials used could make a big difference for retailers, thereby reducing plastic use by millions of tonnes over the next decade. While there is no silver bullet, we know that sustainable fibre-based packaging has a huge role to play, appealing to our customers and consumers alike.
Paper and cardboard has an 85 per cent rate of recycling across Europe and brings additional benefits for brands like digital printing and customisation. DS Smith has identified the following areas for innovation or substitution in retail:
1. Plastic display trays: Often overlooked as shoppers don’t take them home, plastic trays on supermarket shelves have fibre alternatives and could be eliminated from the shelves.
2. Fresh produce punnets: Plastic punnets are commonly used to package fresh produce across Europe and there is a significant opportunity for replacement.
3. Shrink wrap: Nearly all soft drinks units are shrink wrapped at one stage of their life. As manufacturers consider non-plastic alternatives, corrugate and glue solutions were seen by our panel as ‘next generation’.
4. Ready meals: Packaging needs are more complex in the ready-meal category, but change is on its way as corrugate alternatives are introduced following further innovation.
5. Meat, fish and cheese: This segment represents a significant opportunity for innovation and replacement, with fibre-based alternatives well positioned.
There is a strong approval rate for cardboard among consumers at 55 per cent, compared to plastics at 7 per cent and polystyrene at 1 per cent in Europe. Meanwhile, with 85 per cent of European consumers willing to pay a 12 per cent premium for sustainably packaged goods, only a third (36 per cent) of Europeans believe brands and retailers are doing enough to introduce more sustainable packaging.
more at: https://www.dssmith.com/company/newsroom/2019/5/ds-smith-sets-its-sights-on-removable-plastic