SCA to increase Kraftliner price by €50 per tonne

The need for sustainably produced packaging materials that promote the circular economy is growing worldwide. Metsä Board, part of Metsä Group, is a leading European producer of fresh fibre paperboards and a forerunner in sustainability. The company's fresh fibre paperboards are resource-efficient and help reduce the carbon footprint of packaging throughout the value chain. Global demand for high-quality fresh fibre paperboards has grown by around 2–3% per year in recent years and is expected to continue to grow at least at the same rate in the future. According to its strategy, Metsä Board aims to grow in fibre-based packaging materials and renew its industrial operations. To support its customers' growth and strengthen its service capability, the company is exploring possibilities to increase its folding boxboard capacity in Finland or Sweden. The evaluation of options is expected to be completed by the end of 2022. Metsä Board's current annual paperboard capacity is approximately 2 million tonnes, of which 1.3 million tonnes is folding boxboard and 0.7 million tonnes white kraftliners. The company is Europe’s largest producer of folding boxboard and white kraftliners.

Sonoco has been awarded several Gold- and Silver-level Achievement Awards at the Flexible Packaging Association (FPA) Annual Meeting. Sonoco’s PrimaPak® package for Perfetti Van Melle Mentos® SHARE-A-BOWL™ was awarded a Gold Award for Packaging Excellence, a Silver Award for Expanding the Use of Flexible Packaging and a Silver Award for Technical Innovation. Sonoco’s PromoPeel™ integrated label technology for flexible packaging was awarded a Silver Award for Printing and Shelf Impact. “We’re so proud of these achievements – it’s an honor to be recognized by our peers,” said Ross Bushnell, division vice president and general manager, Sonoco Global Flexibles. “As a company, we value brand and consumer insights as the engine for innovation. Each of these new technologies represents unmet needs in the marketplace, delivering added value to both customers and consumers, and that’s a powerful combination.” Click Read More below for additional information.

Net sales for the fourth quarter of 2023 were $1.3 billion, a decrease of $115.3 million, or 8%, as compared to the same period in the prior year predominantly as a result of lower volumes. Income before interest and income taxes (EBIT) for the fourth quarter of 2023 was $126.1 million, an increase of $45.0 million as compared to $81.1 million for the fourth quarter of 2022 principally due to $66.6 million of rationalization charges in the prior year period.