Pregis has invested in a new 1960 square meter (21,000 square foot) customer experience facility in Europe designed to provide a holistic solutions approach to protective packaging challenges and reduce costly waste incurred by damaged products. The new Pregis innovation headquarters, called the Pregis IQ, is located in Eindhoven, the Netherlands. It will open in April as a customer demonstration and training facility designed to optimize packaging methods.

Second Quarter 2023 Financial Highlights: *Net Revenues of $1,426 million for the second quarter of 2023 were down 13% compared to $1,640 million in the second quarter of 2022 and approximately flat compared to $1,431 million in the first quarter of 2023. *Net Loss of $139 million for the second quarter of 2023 compared to $74 million of net income in the second quarter of 2022 and a net loss of $133 million in the first quarter of 2023.

When Inland Packaging opened its third new 40,000 sq.-ft .manufacturing facility in La Crosse, WI, the domestic label and packaging manufacturer ensured that its $15 million equipment investments included a unique high speed, specially built press for the in-mold label market. To provide the finest service to its customers, management chose the pinnacle of premium offset press technology available on the market — its first Koenig & Bauer, a Rapida 106X UV LED nine color plus coater — as the centerpiece of its newest production facility. “Our state-of-the-art press and finishing equipment have opened additional capacity with increased productivity and efficiency,” says Amy Mashak, Director of Operations at Inland. “This additional capacity is allowing Inland to better serve growing markets and exceed customer demand.”