Glatfelter today reported third-quarter 2015 net income of $13.5 million, or $0.31 per diluted share, and adjusted earnings of $20.8 million, or $0.47 per diluted share. For the third quarter of 2014, net income was $30.4 million, or $0.69 per diluted share, and adjusted earnings were $30.8 million or $0.70 per diluted share. Consolidated net sales totaled $420.0 million in the third quarter of 2015 compared with $465.1 million in the third quarter of 2014. The translation of non-U.S. dollar sales unfavorably impacted the year-over-year comparison by $25.2 million, reflecting a weaker Euro.
Straws are used by millions of people every day when enjoying drinks on-the-go. Huhtamaki now offers customers the opportunity to switch to paper straws for consuming cold drinks. Paper straws are a sustainable choice and an excellent alternative to plastic straws.
Huhtamaki is a pioneer in the use of sustainable materials for making food packaging products. Our new paper straws are made of fiber coming from sustainably managed forests and 100% of the paper used in the straws and in their wrapping is PEFC certified.
Huhtamaki paper straws are manufactured in facilities with highest safety standards. They have been tested and certified for food safety in Europe, China and the United States.
“Our paper straws are crafted to be strong, reliable and functional. We have invested in new, purpose-built machinery to deliver premium product quality. We are confident that we can offer paper straws that are durable and superior in performance compared to the current market offering. Our straws are also both odor and taint free”, says Neal McCone, Global Category Director, QSR & Beverage from Huhtamaki Foodservice Europe-Asia-Oceania business segment.
“In addition to new machines we have also invested into new manufacturing setups for paper straws. We look forward to the opportunity to offer a sustainable choice, grow the market and be the leading supplier. With our initial output we are serving McDonald’s in the UK and across Europe as one of their main suppliers”, McCone continues.
Huhtamaki is expanding its paper straw manufacturing capacity into other key markets across Europe and globally, serving customers across all geographies. The Huhtamaki paper straw offering will include several new size variants in addition to the standard size with 7.3 mm diameter.