Kellogg’s, in partnership with Tesco, have announced that it will trial paper liners within cereal boxes in a select number of stores from January 2022. According to the company, the plastic inner liner in cereal boxes is not currently widely accepted in kerbside recycling. The new paper liner is reportedly recyclable and will make Kellogg’s entire cereal packaging paper-based, as the cereal’s outer card packaging is already fully recyclable. The new packaging, developed by Kellogg’s packaging technologists, is apparently suitable for the process of filling and sealing bags inside of cereal boxes that takes place at the company’s factory, as well as for transporting the cereal to retailers.
January–September 2021 (compared to 1–9/2020)
• Sales were EUR 1,565.6 million (1,416.4).
• Comparable operating result was EUR 295.3 million (156.7), or 18.9% (11.1) of sales. Operating result was EUR 285.0 million (162.7).
• Comparable earnings per share were EUR 0.65 (0.33), and earnings per share were EUR 0.63 (0.34).
• Comparable return on capital employed was 19.4% (11.8).
• Net cash flow from operations was EUR 209.8 million (226.7).
Metsä Board’s CEO Mika Joukio:
“Demand for sustainable fresh fibre paperboards has been strong across all end-uses and all of our market areas. Our profitability has developed very well this year, and the favourable market situation provides us with an excellent start for next year.
In July–September, the delivery volumes of our paperboards declined slightly from the previous quarter, and were 475,000 tonnes. The decline in delivery volumes was partly attributable to the fire at the Husum pulp mill in the summer, causing losses in both paperboard and market pulp production.
details at: https://www.metsaboard.com/Media/Stock-Exchange-and-Press-Releases/Pages/Release.aspx?EncryptedId=90BF7ABA8903003F&Title=MetsaBoardscomparableoperatingresultinJanuarySeptember2021wasEUR295million