SCA to increase Kraftliner price by €50 per tonne

Total Packaging Papers shipments were 235,900 tons, 1.7 percent lower than August 2016. Bag & Sack shipments were up 5.5 percent year-to-date, while Food Wrapping shipments were down 8.5 percent over the same period. The operating rate for August 2017 was 90.3 percent, while the year-to-date rate was 88.8 percent. Inventories were 168,600 tons, down slightly since July.

*Net sales decreased 2% year-over-year to $1.7 billion as strong pricing was offset by lower overall volume. *GAAP operating profit increased 36% year-over-year as gains on asset sales and lower acquisition related costs offset lower price cost and lower volume and mix. *GAAP net income increased 29% and Adjusted Earnings decreased 25% from the same period last year. *Diluted GAAP EPS increased 28% while diluted Adjusted EPS decreased 24% from the same period last year.

Total boxboard production increased 3.3 percent when compared to September 2016, and decreased 6.3 percent from last month. Unbleached Kraft Boxboard production increased over the same month as last year but decreased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to September 2016, but decreased compared to last month. The production of Recycled Boxboard increased compared to September 2016, but decreased when compared to last month.