Printpack, a US-based manufacturer of flexible and specialty rigid packaging, is pleased to announce a strategic partnership with Sirane, a UK-based leader in paper coating and paper-based packaging. Together, the two companies will jointly enable customers to reach their sustainability goals by offering recyclable, coated paper packaging. The combination of Printpack’s printing and laminating knowledge with Sirane’s paper coating and pouch forming expertise creates the perfect partnership to fulfill the market need. Well over half of US consumers rank paperboard or paper as extremely or very sustainable. Further research reveals that 66% of US consumers think that paper is best for the environment. Its wide ability to be recycled helps positively position paper in the minds of consumers. Recyclability is one of the features most associated with environmentally friendly packaging.
Klabin, Brazil’s largest producer and exporter of paper for packaging and sustainable solutions for paper packaging, besides offering hardwood pulp, softwood pulp and fluff to the market, has reported Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of R$1.843 billion in the second quarter of 2022, excluding non-recurring effects, an increase of 2% from the same period last year.
Excluding wood, sales volume in April, May and June 2022 surpassed 1 million tons, thanks to operational efficiency and flexibility, diversification of products and markets, and higher production by MP27, the first paper machine of the Puma II Project. Growth in the period was 7% in relation to the second quarter of 2021.
Net revenue reached R$ 5.039 billion in the second quarter of this year, up 24% year on year, driven by higher sales volume and consistent growth across all business lines, which offset the impact caused by the higher real vis-à-vis the dollar on exports during the period.
Cash generation once again benefited from higher EBITDA and diligent capital allocation, which helped maintain the Return on Invested Capital (ROIC) in the last 12 months at 18.6%. Klabin thus underscores its successful integrated, diversified and flexible business model, which once again enabled it to combine growth and value generation for shareholders in different market scenarios.
details at: https://klabin.com.br/reputacao/press-releases/-/2022-07-27-ebitda-ajustado-da-klabin-alcan%C3%A7a-r%EF%BC%84-1-843-bilh%C3%A3o-no-segundo-trimestre-de-2022