WestRock Company ("WestRock") (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal third quarter ended June 30, 2017. “Our WestRock team delivered strong earnings and cash flow, and grew our differentiated packaging business by completing the acquisitions of MPS and U.S. Corrugated, which have expanded our presence in attractive markets and increased our vertical integration,” said Steve Voorhees, chief executive officer. “We increased our daily box volumes over the prior year by 5.7%. While we continue to face a challenging cost environment, we are focusing on areas within our control – serving our customers well and driving synergy and productivity improvements across our company.”
Smurfit Kappa has developed an innovative and sustainable water-resistant paper. AquaStop™ is part of Smurfit Kappa’s new TechniPaper® portfolio, which consists of an array of high-performance papers designed to handle even the most complex supply chains.
The AquaStop™ paper is water-resistant thanks to a special coating which is added to it during the manufacturing process. Unlike many other coatings, this does not compromise the recyclability of the product and can be recycled in the same way as standard paper-based packaging.
AquaStop™ is the latest innovation in Smurfit Kappa’s Better Planet Packaging portfolio of products, which offer sustainable alternatives to single-use plastics. As it is designed to withstand exposure to water without being damaged, it is suitable for eCommerce packaging and packaging for products such as flowers, detergent and fruit and vegetables where temporary protection against water is needed.
It is also particularly suitable for use in humid conditions as the box remains intact while protecting the contents, making it an excellent solution for the transport and storage of refrigerated products where there is exposure to condensation.
Speaking about the new product, Vice President of Product Development at the Smurfit Kappa Paper Division, Lars Henriksson, said: “We are very excited about AquaStop™ and believe it is a truly revolutionary paper. We’re expecting AquaStop™ to interest many of our customers, particularly those who transport goods in more demanding environments, because of the peace of mind it will give them that their products will remain in perfect condition even if exposed to water.
“Our product development team, along with with our colleagues in Spain, have created something very special that has superior functionality, whilst at the same time remaining 100% recyclable.”
CEO of Smurfit Kappa Europe, Saverio Mayer, added: “We are continuously developing innovative and sustainable packaging solutions that are helping to meet our ever-growing customer needs, no matter how challenging or unusual the ask is.
“AquaStop™ is a must-have product for customers with complex supply chain requirements and is another example of how, at Smurfit Kappa, we have the brightest minds and most creative spirits working towards a common goal.”