Mercer International Inc. reported second quarter 2020 Operating EBITDA decreased to $40.5 million from $70.0 million in the second quarter of 2019 and from $57.0 million in the first quarter of 2020. In the second quarter of 2020, net loss was $8.4 million (or $0.13 per share) compared to net income of $10.3 million in the second quarter of 2019 and a net loss of $3.4 million in the first quarter of 2020. In the first half of 2020, Operating EBITDA decreased by 50% to $97.5 million from $193.8 million in the same period of 2019. In the first half of 2020, net loss was $11.8 million compared to net income of $61.9 million in the same period of 2019.
UPM Raflatac has received recognitions from RecyClass for multiple label products* with different adhesive technologies. The granted recognitions expand UPM Raflatac’s portfolio of RecyClass recognized PE (polyethylene) label materials and extends the portfolio to include PP (polypropylene) label materials. Both the PE and PP materials are recognized to be recycling compatible with colored HDPE (High Density Polyethylene) and PP packages. This means that the PE and PP labels can be recycled either in PP or HDPE colored recycling streams. The recognition for the PP recycling stream compatibility is first of its kind in the world.
“At UPM Raflatac we are working towards a more sustainable and circular future. One big part of this is making consumer plastic packaging recyclable. We are proud that we are the first self-adhesive label company to provide RecyClass approved recycling compatible labeling solutions for PP packaging. According to extensive, independent testing done by Plastics Forming Enterprises (PFE), our unprinted labels have had limited impact on the recycling quality on both PP and HDPE colored recycling streams. This proves that our labels don’t hinder the recycling process or recyclate quality,” says Katja Kivelä, Business Director, Food and HPC, Films & Specials SBU EMEIA, UPM Raflatac.
In the past, the traditional drivers of plastic packaging design have been functionality and brand appearance, while the end-of-life management of the packaging has been disregarded. Today it is expected that companies develop and offer solutions that are designed for recyclability.
“Today’s consumers and brand owners demand product solutions where the sustainability aspects including packaging recyclability are considered thoroughly, and in the future the demand will be even higher. We are well prepared for the market demands, as our labeling solutions for fast-moving consumer goods (FMCG) products are by default designed to support the recycling compatibility,” Kivelä says.
more at: https://www.upm.com/about-us/for-media/releases/2022/11/upm-raflatac-receives-recyclass-recognitions-for-pressure-sensitive-labels-for-pp-and-hdpe-packaging-recycling/