For the full year 2014, the Company reported diluted earnings per share from continuing operations of $2.36 compared to $1.85 per share for the full year 2013. Excluding the effect of facility consolidation costs and transaction-related gains detailed in the attached schedule, “Reconciliation of Non-GAAP Earnings Per Share,” adjusted diluted earnings per share from continuing operations would have been $2.30 in 2014 and $2.09 in 2013. Net sales from continuing operations totaled $4.3 billion in 2014. Excluding the impact of currency, acquisitions, and divestitures, net sales for 2014 would have increased by 2.1 percent, primarily reflecting the favorable impact of price and mix.
Speciality papers manufacturer Sappi has introduced two new sustainable packaging papers, Guard M and Guard MS, with improved properties to offer better solutions to its customers.
Featuring mineral oil barrier (MOB) and grease barrier properties, the two new solutions expand Sappi Guard family, which offers high product safety and can be entirely recycled.
Sappi business development packaging and speciality papers head René Köhler said: “The integrated mineral oil barrier prevents MOSH and MOAH compounds from penetrating into the packaged goods.
“On the one hand, this makes additional special coatings or laminations superfluous. On the other, brand owners can use recycled paper or cardboard for the outer packaging and dispense with fossil-based materials.”
The Sappi Guard M paper features mineral oil barrier and Kit 11, a very high grease barrier, while the Sappi Guard MS has Kit 7 grease barrier.
The papers manufacturer said that its Guard MS papers feature heat sealability, which eliminates the need for additional production steps and materials as sealing media.
The two new papers are offered by the company in two variants: ‘Nature’, which is uncoated and has a natural, more tactile feel, and ‘Silk’, which offers enhanced printing results and a silky matt appearance.
Sappi said that it offers four sustainable paper solutions from its Guard family for use as primary or secondary packaging for dry and slightly oily foods such as pasta, rice, cereals and various powders.