Berry Global Group, Inc. announced strategic initiatives to increase production of face mask materials. The initiatives include the Company designating additional capacity for the production of face mask materials in North America and introducing a new material for face masks in Europe. With demand outpacing current supply for face mask filter media, the product development team at Berry has responded to deliver innovative solutions in a matter of weeks to support the demand. These solutions include pivoting existing manufacturing assets and creating alternative materials for face masks. To address the ever increasing demand for face mask material in the United States, Berry has expanded its proprietary Meltex™ platform to add meltblown capacity in Waynesboro, Virginia. This capacity was quickly converted from a pilot line into one which provides full commercial output. The line will make meltblown materials which will ultimately be used in surgical-grade face masks along with N95 and N99 respirators. This added capacity will support the manufacturing of approximately 200 million face masks annually. In addition to its Waynesboro facility, Berry has a number of North American nonwovens manufacturing facilities which are rapidly producing materials that help protect against the spread of COVID-19. The added capacity in Waynesboro is complementary to the Company’s existing portfolio, producing incremental output of high-performing, surgical-grade materials serving the North American market.
Result for the first quarter of 2015
• Sales were EUR 525.7 million (Q1/2014: 501.2).
• Operating result excluding non-recurring items was EUR 43.2 million (36.1). Operating result including non-recurring items was EUR 43.1 million (43.5).
• Result before taxes excluding non-recurring items was EUR 32.3 million (20.8). Result before taxes including non-recurring items was EUR 32.2 million (26.0).
Events during the first quarter of 2015
• The demand for paperboard continued to be at a good level, and the delivery volumes increased from the previous quarter. The prices were stable.
• Metsä Board’s Board of Directors made a decision on a share issue of approximately EUR 100 million on 26 February. The subscription period of the share issue began on 5 March and ended on 23 March. A total of 38,227,779 B-series shares were subscribed for in the share issue, corresponding to 139.8 per cent of the 27,347,134 B-series shares offered. The funds received from the share issue will be used to finance the final steps of transformation to a paperboard company.