Mondi is investing €280 million in Corrugated Packaging operations across four countries to boost production and to serve customers more efficiently. This includes around €185 million across its central and eastern European Corrugated Solutions plant network and €95 million at Mondi Świecie’s containerboard mill in Poland - demonstrating Mondi’s commitment to its customers, its people, and to responsible and sustainable production. These investments together represent an important part of Mondi’s announced €1 billion in expansionary capital investment projects this year to accelerate growth in sustainable packaging. Some highlights of the investment programme: *The upgrade of Mondi Świecie’s containerboard mill, comprising an extensive rebuild of paper machines PM2 and PM5, a new anaerobic treatment plant including an integrated cooling system, and upgrades to the pulp mill, the recycled fibre line and the energy recovery system. These improvements will allow the mill to meet growing customer demand for heavy-duty applications, enhance product quality, and bolster its environmental performance by decreasing water consumption and wastewater emissions and increasing energy efficiency. *The plant at Mondi Warsaw more than doubling in size and capacity, and receiving new machinery and automation, including a corrugator of an industry-leading 3.35 meters in width. *Expanded corrugated solutions production for the eCommerce market, with modernisation and improvements across eight sites located in Poland (Simet, Świecie, Warsaw, Dorohusk, Szczecin, Bystrzyca), Germany (Eschenbach), and the Czech Republic (Bupak), as well as a comprehensive upgrade of Mondi Simet to erect a warehouse for finished goods storage and to automate internal material flows.
Sealed Air Corporation (NYSE:SEE) announced today that it is implementing a price increase on products in its North American Product Care business. The increases will be effective April 1, 2018.
The price adjustments are necessary because of increases in raw materials, freight, and other input costs.
A seven (7) percent price increase will be applied to the following products: Bubble Wrap® IB Film, Bubble Wrap® Brand Air Cellular Products, Cell-Aire® Packaging Foam and Laminate Products, Fill-Air® Inflatables Film, FloWrap™ Film, Jiffy® TuffGard® Mailers, Jiffy® ShurTuff ® Mailers, NewAir I.B.® Film, PriorityWrap® Bubble, Shrink Film Products and Materials, Specialty Foams Products and Materials, TempShield™ Reflective Foil Air Cellular Material, and Wonderfil™ Film.
A five (5) percent price increase will be applied to the following products: Consumable Paper for all Sealed Air Paper Systems, PriorityWrap® Rigid Board, Custom Wrap™ Converted Paper, Kushion Kraft® Converted Paper, Jiffylite® Kraft Bubble Mailers, Jiffy® Utility Mailers, Jiffy® Padded Envelopes, Jiffy Rigi Bag® Mailers, Korrvu® Suspension & Retention, Macerated Pads, and Rapid Fill® Automated Bags.
The business also previously announced increases in the prices of Instapak® products, which are effective March 15, 2018: lnstapak® chemical formulation prices will increase 15 cents per pound, lnstapak® packaging film prices will increase 6 percent and lnstapak Simple® “A” and “B” Component prices will increase 2 percent.