Stora Enso divests 12.4% of its Swedish forest holdings for an enterprise value of EUR 900 million

Huhtamaki has received the prestigious Gold Medal from EcoVadis for the fourth consecutive year, placing the company in the top 5% of more than 130,000 rated companies worldwide. The score is based on our performance in the four categories of Environment, Labour and Human Rights, Ethics and Sustainable Procurement. Compared to last year, our most significant improvements were in our supplier engagement and reporting on our environmental impacts. In 2023, we made significant improvements in reducing waste and GHG emissions as well as increasing our focus on our nature issues. Huhtamaki's external recognition from EcoVadis underscores our commitment to producing packaging that protects Food, People and the Planet. "Receiving the Gold Medal from EcoVadis for the fourth year in a row is a significant achievement that reflects the progress we've made on our sustainability commitments," says Salla Ahonen, Huhtamaki EVP of Sustainability and Communications.

The PM6 machine, which has a production capacity of 100,000 tons of recycled containerboard per year, will facilitate greater integration within the Group’s converting plants and significantly increase the energy efficiency of the Los Reyes plant. The investment will enable Smurfit Kappa Mexico to produce high performance containerboard, contributing to the company's competitiveness in an ever-growing packaging market. The type of material produced by PM6 further strengthens Smurfit Kappa’s offering for the agricultural and electrical appliance sectors, where protecting products in the supply chain is key. Click Read More below for additional information.

Third quarter 2021 net income from continuing operations was $6.2 million (0.19 per diluted share) compared to net loss from continuing operations of $17.0 million ($0.51 per diluted share) in the third quarter of 2020. Net income from ongoing operations, which excludes special items and discontinued operations, was $7.2 million ($0.22 per diluted share) in the third quarter of 2021 compared with $13.2 million ($0.39 per diluted share) in the third quarter of 2020. John Steitz, Tredegar’s president and chief executive officer said, “Bonnell Aluminum's production and sales continue to fall below robust demand and bookings due to a shortage of labor while backlog continues to grow. Price increases have helped keep pace with inflationary cost pressures.” Mr. Steitz also stated, “PE Films' profitability has been adversely impacted by previously disclosed customer product transitions and resin price increases. In addition, competitive pricing pressures are anticipated to further erode profitability by $6 million in 2022. PE Films is very focused on generating sales of new surface protection products, applications and customers and driving production efficiencies and cost savings.”