First Quarter Highlights: •First quarter 2017 GAAP earnings per diluted share were $0.53, compared with $0.59 in 2016. •First quarter 2017 GAAP results included $0.06 per diluted share, after tax, in restructuring costs and acquisition-related expenses. In the first quarter of 2016, GAAP results included $0.06 per diluted share, after tax, in asset impairment and restructuring expenses. •Base net income attributable to Sonoco (base earnings) for first quarter 2017 was $0.59 per diluted share, compared with $0.65 in 2016. Sonoco previously provided first-quarter 2017 base earnings guidance of $0.55 to $0.63 per diluted share. •First-quarter 2017 net sales were $1.17 billion, down from $1.23 billion in 2016. click Read More below for additional detail
UPM Raflatac has further expanded its PP Lite range of labeling solutions for the European market with the introduction of two new products, clear-on-clear PP FTC Lite and PP Solid White FTC Lite. The PP Lite range helps brands achieve their sustainability targets with lightweight, eco-designed face materials, adhesives, and backing materials.
Products in the PP Lite range combine a lighter face material, a lower coat-weight adhesive, and a lighter backing. This makes them incredibly lightweight overall, optimizes raw material use, and reduces greenhouse gas emissions, energy and water consumption, and waste. As well as helping brand owners increase the sustainability of their packaging, PP Lite range also boosts productivity across the value chain.
PP Solid White FTC Lite is a non-pearlescent, solid white PP film that offers a bright white base color with dependable performance. PP Clear FTC Lite is a clear PP film that can be combined with R704 adhesive and PET Lite liner to offer a coveted no-label look as well as clean performance in converting and dispensing. Both films are ideal for multi-purpose labeling applications on smooth, rigid containers. The high strength of PP Solid White FTC Lite’s solid core also makes it ideal for multilayer and peel-and-read applications. Both label solutions meet EU food safety standards.
“Our PP Lite range of labeling solutions has been welcomed by customers, helping brand owners achieve their sustainability targets and differentiate from the competition while also increasing efficiency and productivity,” explains Päivi Knihti, Segment Manager, Films, EMEIA, UPM Raflatac. “The addition of clear-on-clear PP FTC Lite and PP Solid White FTC Lite to the range provides even more options for brands to make a more sustainable choice.”