Sonoco, one of the largest diversified global packaging companies, today reported financial results for its first quarter ending March 29, 2015. First Quarter Highlights * First quarter 2015 GAAP earnings per diluted share were $.86, compared with $.50 in 2014. * Favorable disposition of a significant portion of Fox River-related environmental claims/litigation together with a gain on the sale of two metal ends and closures plants, partially offset by costs related to acquisition and restructuring activities, added $.30 to first quarter diluted earnings per share. First quarter 2014 GAAP results included after-tax charges of $.02 per diluted share related to restructuring. * Base net income attributable to Sonoco (base earnings) for first quarter 2015 was $.56 per diluted share, compared with $.52 in 2014. (See base earnings definition and reconciliation later in this release.) Sonoco previously provided first quarter base earnings guidance of $.56 to $.61 per diluted share. * First quarter 2015 net sales grew 1.5 percent to $1.20 billion up from $1.19 billion in 2014.
DS Smith Plastics, Rapak’s specially formulated Eco-Pure film for Bag-in-Box water is designed with reduced additives to ensure a superior taste profile free from off-flavors or odors.
As consumers grow tired of unhealthy beverages such as soft drinks, water consumption continues to be on the rise. According to the International Bottled Water Association, bottled water surpassed 13 billion gallons in 2017. But with plastic water bottles under scrutiny, companies are looking for innovative alternative packaging formats such as Bag-in-Box.
It’s been over a year since DS Smith Plastics, Rapak introduced its water Bag-in-Box film into the market and recently, several manufactures have followed in Rapak’s footsteps and announced new developments of their own Bag-in-Box packaging in the market.
One of the key challenges of packaging water is that it is highly susceptible to absorbing off-flavors or odors from the packaging material. Rapak developed Eco-Pure, a high barrier EVOH-Polyethylene bag for its Bag-in-Box water, providing oxygen barrier and durability. The Eco-Pure bag includes an ultra-clean, specially formulated, inner film layer free of additives to ensure excellent organoleptic properties that protects the quality of the water.
Bag-in-Box for water offers many superior benefits for both consumer and producer compared to traditional rigid bottle packaging. Aside from its convenient and reliable dispensing, Bag-in-Box packaging offers optimized storage space, reduced risk of damage in transit, less environmental impact, enhanced branding impact for retail displays, and logistical efficiencies with reduced fossil fuel consumption and CO2 emissions.
more at: https://www.dssmith.com/plastics/about/newsroom/2019/4/rapaks-eco-pure-bag-in-box-solution-for-water-protects-the-purity-and-freshness-of-water