Inteplast Pioneers Mass Balance Certified BOPP Film

Tony Smurfit, Group CEO, commented: “SKG continues to deliver, showing strong sequential progress with Group EBITDA margin at 15.1% for the quarter. “Total Group corrugated volumes grew 3% for the quarter. Corrugated volumes in Europe improved by 4% on a days-adjusted basis with strong demand in most areas of activity. In the Americas demand growth was 3% with growth in most markets. “In the third quarter, recovered fibre cost pressures remained, resulting in a headwind of almost €40 million for the quarter and €111 million for the year-to-date compared to 2016. SKG will continue to offset these cost pressures through further corrugated price recovery and ongoing efficiency improvements as we progress towards the year-end and into 2018. Click Read More below for additional information.

Net sales of $1.4 billion decreased 8% as reported in fourth quarter 2022, with APAC decreasing 14%, Americas decreasing 8%, and EMEA decreasing 6%. Net earnings were $95 million, or $0.65 per diluted share, in fourth quarter 2022 as compared to net earnings of $169 million, or $1.12 per diluted share, in fourth quarter 2021. Full year 2022 net sales of $5.6 billion increased 2% as reported, with Americas increasing 6%, APAC decreasing 6%, and EMEA decreasing 3%. Full year 2022 net earnings were $491 million, or $3.33 per diluted share, as compared to net earnings of $491 million, or $3.22 per diluted share, in full year 2021.

Huhtamaki has welcomed the conclusions of a new report, which reviews 26 scientific studies comparing the environmental impact of single-use packaging vs. reusable tableware used in takeaway settings. Conducted by Ramboll, a leading global engineering, design and consultancy company, the ‘meta-analysis’ of 26 previous scientific studies concludes that the additional and specific burdens of reusable tableware, when used for takeaway food and beverages, makes it far less sustainable than paper-based single-use tableware. The reasons for this are the energy and water required for sanitization, together with the impacts of take-back transport and the breakage rates associated with takeaway systems. Previous Life Cycle Assessments, undertaken by Ramboll for the European Paper Packaging Alliance (EPPA), revealed that when used within in-store settings in Quick Service Restaurants, reusable tableware systems generated 2.8 times more CO2-equivalent emissions and consumed 3.4 times more freshwater than paper-based packaging.