Mondi’s TankerBox Revolutionises Sustainable Shipping for Aromsa’s Flavourful Products

Mondi has opened a new ISTA-certified laboratory at Mondi Bupak in České Budějovice (CZ), which is one of its Central European corrugated solutions flagship plants and a hub for development and production of eCommerce packaging. The laboratory offers various transport performance tests, including ISTA 6 certification testing for packaging. In addition, Mondi’s laboratory is an approved member of the Amazon Packaging Support and Supplier Network (APASS) and hence a partner of choice for testing Amazon’s Tier 1-3 compliant packaging (FFP, SIOC and PFP)(1), which is a market standard of the online retailer for reducing packaging volume in eCommerce logistics.

Mondi, a global leader in packaging and paper, is expanding its unique range of medium, high and very high-barrier paper-based packaging to support customers on their journey to use more sustainable packaging solutions. Thanks to Mondi’s extensive research and development activities, expertise in both paper and plastic as well as investments in new technology and increased capacity, the company has further evolved its portfolio and now offers a full range of FunctionalBarrier Papers to customers. By applying different barrier technologies, such as extrusion coatings, aqueous coatings and other very high barriers, this range of paper-based packaging solutions is fit for purpose and can be used for a variety of applications. The medium barrier solution, designed for industrial, eCommerce and personal care packaging, offers high sealability and medium water vapour protection, while the high barrier functional paper offers a medium oxygen and water vapour barrier, as well as a high grease and mineral oil barrier for frozen foods and chocolates. The very high barrier solution, for consumer food products such as coffee, cereals and confectionery, provides excellent product protection from water vapour and oxygen and ensures a long shelf life.

First Quarter Highlights *First quarter 2021 GAAP earnings per diluted share were $0.71, compared with $0.80 in 2020. *First quarter 2021 GAAP earnings included net after-tax charges of $19.4 million related to restructuring activity, asset impairments, acquisition and divestiture transaction costs, loss on a business divestiture and non-operating pension costs which were partially offset by insurance proceeds. In the first quarter of 2020, GAAP earnings included net after-tax charges of $14.8 million related mostly to restructuring actions and non-operating pension costs. *Base net income attributable to Sonoco (base earnings) for first quarter 2021 was $0.90 per diluted share, compared with $0.94 in 2020. (See base earnings definition, explanation and reconciliation to GAAP earnings later in this release.) Sonoco previously provided first quarter 2021 base earnings guidance of $0.80 to $0.90 per diluted share. *First quarter 2021 net sales were $1.35 billion, compared with $1.30 billion in 2020. *Cash flow from operations was $138.7 million in the first three months of 2021, compared to $87.7 million in 2020. Free cash flow was $99.4 million in the first three months of 2021, compared with $57.1 million in the first three months of 2020. *On April 4, 2021, Sonoco completed the sale of its U.S. Display and Packaging business to Hood Container Corporation for approximately $80 million in cash, the proceeds of which were received subsequent to the period's end.