- Packaging industry groups call for the Circular Economy Act to strengthen the EU Single Market and harmonize circular packaging rules.
- The European Environmental Bureau warns that market priorities must not weaken national environmental measures or waste-reduction policies.
- Debate centers on recycling targets, prevention, reuse policies, and recycled-content rules as the EU shapes future circular economy legislation.
EU Circular Economy Act: Packaging organizations debate Single Market protection
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Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired the paper bag converting lines from National Bag and Egypt Sack, two subsidiaries of Lafarge Cement Egypt, a major cement producer in the country. The acquired production lines will increase Mondi’s capacity by around 150-180 million bags annually and strengthen Mondi's position in the Egyptian paper bag market. Mondi Paper Bags already operates two plants in Egypt and with this acquisition will become a key supplier of paper bags to Lafarge Cement Egypt. "Lafarge Cement Egypt is part of leading global building material company Holcim Group who has been a key global customer of Mondi Paper Bags for years. We are excited to have signed a long-term supply agreement with Lafarge Cement Egypt and to servicing them locally in Egypt. The collaboration will offer Lafarge access to our latest innovations, industry expertise, strong plant network and customer service. Thanks to Mondi’s vertical integration, Lafarge will further benefit from our high quality Kraft paper." Claudio Fedalto, Chief Operating Officer of Mondi Paper Bags
Packaging Corporation of America reported first quarter 2024 net income of $147 million, or $1.63 per share, and net income of $155 million, or $1.72 per share, excluding special items. First quarter net sales were $2.0 billion in 2024 and 2023.
Underlying EBITDA from continuing operations in Q1 2023 was €351 million and broadly flat when compared to Q4 2022 after excluding the non-cash forestry fair value gain1. The quarter was characterised by lower average selling prices; softer demand, driven in part by destocking; and lower input costs from the highs seen in H2 2022. While wood prices remained high in Q1 2023, they have now started to reduce. Corrugated Packaging saw softer demand, driven in part by destocking, and lower prices compared to Q4 2022. Flexible Packaging delivered a stable performance compared to Q4 2022, with weaker industry demand and modestly lower prices being offset by falling input costs. Uncoated Fine Paper demand in Europe was lower compared to Q4 2022, with prices declining towards the end of the quarter. In Southern Africa demand and pricing were stable.