U.S. Packaging net sales of $688.4 million for the third quarter of 2018 represented an increase of 2.4 percent compared to the same period of 2017. The increase in net sales was driven primarily by higher selling prices partially offset by lower unit volumes of two percent. Approximately half of the unit volume decline was driven by the Company’s planned shutdown of infant care business at its Shelbyville, Tennessee facility. U.S. Packaging operating profit was $93.4 million in the third quarter of 2018, or 13.6 percent of net sales, compared to $99.6 million, or 14.8 percent of net sales, in 2017. Prior year U.S. Packaging operating profit included a $4 million benefit from an accrual reversal for unearned customer incentives. Operating profit in the third quarter of 2018 includes the benefits of cost savings from the Company’s Agility plan and improved operations, offset by freight, current-year customer incentives, and the impact of strong results on employee pay-for-performance awards. Click read more below for additional detail.
UPM Raflatac is boldly taking a leap forward in its promise to label a smarter future. Its new sustainable Vanish PCR line of ultra-thin clear film labels are now available in the EMEIA region. Featuring 90 percent recycled content face and liners, these “no-label” look labels will allow brand owners to increase their sustainability without sacrificing performance!
More and more iconic global brands are setting ambitious sustainability targets for their packaging materials. Vanish PCR is the only clear-on-clear labeling solution on the market that incorporates recycled content. Suitable for glass, clear PET or metal containers with a functional barrier, these labels are now available worldwide. They are ideal for any brand in the home and personal care, beverage or food segments in need of clear label materials. Best of all, the clarity and performance are equal to any standard clear-on-clear construction.
“As the world’s most sustainable labeling company, we want to offer our customers innovative solutions that promote and enable the circular economy. Vanish PCR is an excellent example of that,” says Robert Taylor, Director, Sustainability, UPM Raflatac. “Constructing clear label face and liners from recycled content has never been seen in the packaging industry before. Together with our partners we can make a smarter future beyond fossils and close the circle.”
“Customers in the EMEIA region are looking for more sustainable alternatives. These alternatives must have have the same excellent performance customers have come to expect from UPM Raflatac,” adds Jan Hasselblatt, Director, Global Business Development, Home and Personal Care, UPM Raflatac. “With our new Vanish PCR clear thin film labels you can meet – or even exceed – your sustainability targets while also achieving a premium no-label look for your containers.”