Smurfit Kappa First Quarter 2024 Trading Update

Pregis proudly showcased its packaging innovations to 50,000 industry professionals at ProMat 2023, the largest material handling, logistics, and supply chain show in the world. Coming out of the event, three critical packaging trends will add tremendous value to company fulfillment operations. Automation - E-commerce demand is raising volumes in warehouses, and to keep up, companies have no choice but to implement automation. This technology is being integrated more often, and the runway for an ROI is shorter than ever. Recyclability and Recycled Content - Protective packaging is being truly engineered with the environment in mind. Businesses, and their customers, are increasingly supporting a circular economy. Customer Experience - Protecting goods from the rigors of shipping continues to be a main proponent of customer experience, but as the world continues to lean towards direct-to-consumer offerings, companies are looking for more ways to stand out.

Packaging is often the first physical touchpoint a customer has with a brand and product - the form, function, and branding of the packaging can be very influential on a purchasing decision. However, packaging has a massive sustainability problem that can’t be ignored. Today the world produces 400 million tons of plastic waste annually, 36% of which is from packaging and 85% of which ends up in landfills or as unregulated waste. Rethinking how we package products can improve the sustainability and circularity of these materials, address health concerns like microplastics and antimicrobial-resistant bacteria along the way, and even provide an improved business case. With that in mind, let’s dive into four trends and innovations in sustainable packaging that will define the future of the category. 1. Reducing and recycling plastic packaging 2. Making strides with mono-materials 3. Biodegradable and repurposable packaging 4. Antimicrobial awareness and innovation

Sonoco announced it has completed the acquisition of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films, for approximately $170 million in cash. Founded in 1969, the Elk Grove Village, Ill.-based company is projecting 2017 sales of approximately $140 million and operates state-of-the-art manufacturing facilities in Elk Grove Village and Nanjing, China, with nearly 400 total employees. Clear Lam is a technology leader in the development, production and conversion of high barrier flexible and forming films used to package a variety of products for consumer packaged goods companies and retailers, with a focus on structures used for perishable foods. Clear Lam President and CEO James Sanfilipo and other key members of its management team are expected to remain with the company. Clear Lam’s financial results will be added to Sonoco’s Consumer Packaging segment. Click Read More below for additional details.