Twin Rivers Paper Company continues to invest in its PFAS-free oil and grease resistant (OGR) food packaging brand, EcoBarrier®. This expanded grade includes EcoBarrier Plus, a top-of-the-line paper engineered for heavy grease applications, and EcoBarrier Choice, a fit-for-use substrate designed with lighter grease resistant properties. The line extension meets the foodservice and food processing markets’ demand for fluorochemical-free (FC-free) paper options. “The launch of EcoBarrier Plus and EcoBarrier Choice reflects Twin Rivers’ commitment to accelerating the availability of PFAS-free papers and providing options for packaging converters and brand owners,” said Rachel Van Wychen, Director of Packaging. “Being one of the first to commercialize an FC-free paper eight years ago gives us a distinct advantage and market leadership position. We’ve worked side-by-side with some of the largest fast-food, quick-serve, and fast-casual restaurants over the years to perfect our formulation and converting performance.”
Operating profit for January-September 2023 was SEK 4 041 million (January-September 2022: SEK 5 905 million). Excluding the item affecting comparability last year, operating profit decreased by SEK 1 599 million due to weaker market conditions for wood products and paperboard.
Compared with the second quarter, operating profit for the third quarter increased by SEK 28 million to SEK 1 166 million. The operating margin was 22 (20) per cent.
Profit after tax for January-September amounted to SEK 3 159 million (4 606), which corresponds to earnings per share of SEK 19.6 (28.5).
details at: http://investors.holmen.com/files/press/holmen/202310248984-1.pdf