SCA to increase kraftliner prices by €50 per tonne

Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland. Paper bags have become an increasingly important part of Huhtamaki’s product offering and the acquisition enables the company to invest in and further grow the business in Eastern Europe. The purchase price for additional shares and related manufacturing equipment is approximately EUR 2 million. The business has been reported as part of the Foodservice Europe-Asia-Oceania business segment since beginning of operations in 2018.

WestRock Company was recognized for packaging design excellence at the 77th Annual North American Paperboard Packaging Competition. The company won 18 awards, including two major awards: Rigid Box of the Year and Digital Application of the Year. Sponsored by the Paperboard Packaging Council (PPC) and judged by packaging experts, the awards recognize packaging that represents the best in converting excellence, innovation and sustainability that the North American folding carton industry provided its customers over the past year. Click read more below for additional detail.

Q1 2018 Highlights • Sales of $1,098 million (compared to $1,082 million in Q4 2017 (+1%) and $1,006 million in Q1 2017 (+9%)) • As reported (including specific items) • Operating income of $112 million (compared to $45 million in Q4 2017 (+149%) and $31 million in Q1 2017 (+261%)) • Adjusted (excluding specific items) 2 • Operating income of $50 million (compared to $46 million in Q4 2017 (+9%) and $28 million in Q1 2017 (+79%)). Click Read More below for additional information.