Smurfit Kappa has opened a new recycling plant in Malaga, Spain, which will strengthen its recovered paper service in the region. The plant, which is expected to process over 30,000 tonnes of recovered paper annually, is perfectly positioned to meet the city’s growing recycling needs. A fleet of eco-friendly hybrid vehicles collect paper and board from households and businesses. This is then sorted at the plant and sent to the Smurfit Kappa Mengibar Containerboard Mill where it is converted into board that is used to create new packaging. Click Read More below for additional information.
Silgan Holdings Inc. (NYSE: SLGN), a leading supplier of sustainable rigid packaging solutions for the world’s essential consumer goods products, today reported third quarter 2023 net sales of $1.80 billion and net income of $110.6 million, or $1.02 per diluted share, as compared to record third quarter 2022 net sales of $1.97 billion and net income of $138.7 million, or $1.25 per diluted share.
Adjusted net income per diluted share for the third quarter of 2023 was $1.16, after adjustments increasing net income per diluted share by $0.14. Adjusted net income per diluted share for the third quarter of 2022, which included $0.03 per diluted share from non-recurring income associated with Russia, was a record $1.28 after adjustments increasing net income per diluted share by $0.03.
“Our third quarter results continued to display the strength and breadth of our diverse portfolio, as we delivered our second highest quarterly earnings amidst challenging market conditions. Our high value dispensing business posted another record quarter, and trends in the third quarter developed largely as we expected,” said Adam Greenlee, President and CEO.
details at: https://s29.q4cdn.com/241493639/files/doc_financials/2023/q3/SLGN-Q3-2023-Earnings-Press-Release.pdf