Smurfit Kappa’s Bag-in-Box division has announced the completion of a significant €12 million investment in a new flexible material production facility at its plant in Ibi, Spain. The new state-of-the-art production facility commenced operations, on a phased basis, earlier this year and will be one of the most advanced Bag-in-Box manufacturing plants in Europe. The investment has resulted in the addition of an extra 4,300 m2 production area which will be equipped with high-tech and advanced machinery which allows for more specialisation in the manufacture of film. The new machinery will allow the plant to complete the full production cycle of Bag-in-Box packaging solutions, from start to finish. This integrated production model means not only quicker and more efficient service to customers, but also a considerable reduction of the environmental impact – up to 21% less estimated CO2 emissions for the current flexible materials portfolio.
Sonoco (NYSE:SON) today announced it is implementing a price increase, the minimum of which will be 8 percent, for all paperboard tubes and cores sold in the United States and Canada, effective with shipments beginning March 1, 2018.
“This price increase is necessary due to the recent increases in uncoated recycled paperboard (URB), the largest input cost for tubes and cores,” said Doug Schwartz, division vice president of sales and marketing. “Furthermore, other inflationary pressures from rising adhesives, packaging, energy, labor and transportation costs underscore the need for this market-based increase.”