Smurfit Kappa has launched an innovative new range of premium papers that are suitable for both digital and flexographic printers. The DigiStar® paper was developed in response to a growing demand in the market for a multi-purpose premium solution delivering high quality printing results. Smurfit Kappa harnessed its expertise and experience in paper to develop a unique and sustainable solution that can maximise the capabilities of digital print and work hand-in-hand with both digital and flexographic printers. The new paper range brings a wealth of benefits to the packaging industry. By using one type of paper for multiple printers, the true benefit of digital is maximised, delivering high quality graphics combined with high flexibility. In addition, wastage is reduced and stock is easier to control. As well as digital printing, the paper is also suitable for both UV and water-based inks providing more choice for customers. Click Read More below for additional detail.
Huhtamäki Oyj has signed a EUR 400 million syndicated multicurrency revolving credit facility loan agreement (“RCF”) with a maturity of three (3) years. The RCF refinances an existing EUR 400 million credit facility signed in January 2015 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options and the interest margin is tied to three sustainability indicators:
- Share of renewable or recycled material in products
- Share of non-hazardous waste recycled
- EcoVadis rating
“This new financing agreement speaks to how Huhtamaki is serious about its ESG ambitions. By directly linking sustainability to our financing, we are taking yet another step in embedding sustainability in everything we do,” says Thomas Geust, CFO of Huhtamaki.
The Mandated Lead Arrangers and Bookrunners of the RCF are Citigroup Global Markets Limited, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), BNP Paribas S.A., Commerzbank Aktiengesellschaft, DBS Bank Ltd., London Branch, Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ), J.P. Morgan AG, Landesbank Hessen-Thüringen Girozentrale, OP Corporate Bank Plc, Raiffeisen Bank International AG and Standard Chartered Bank.