CANPACK commemorated the completion of the steel framing for the new 862,000-square-foot aluminum beverage can manufacturing plant during a Topping Off ceremony with Indiana Gov. Eric Holcomb and local community officials and leaders. The future plant will be home to approximately 345 well-paying, local jobs. The beam marks a significant construction milestone for the property since its groundbreaking in September 2021. Officials expect construction to be completed in time for plant operations to begin in the fourth quarter of 2022. “It’s an exciting time to be in Muncie to celebrate the construction milestone of CANPACK’s second US-based, state-of-the-art manufacturing facility,” said Peter Giorgi. “We appreciate the warm welcome and look forward to becoming an integral part of the Muncie-Delaware County community and contributing to the remarkable business environment that exists throughout the state.”

Third Quarter Financial Results Highlights: *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $16.5 million was $0.1 million higher than the third quarter of 2019 *EBITDA from ongoing operations for PE Films of $6.0 million was $4.2 million lower than the third quarter of 2019 *EBITDA from ongoing operations for Flexible Packaging Films of $9.5 million was $5.2 million higher than the third quarter of 2019

The US shopping phenomenon is now part of the British retail calendar with millions of packages delivered over the promotional period. Now, retail and waste management has to accommodate the pre-Christmas spending spree. The rise of e-commerce shopping, and the appeal of sale-price products during the holiday shopping weekend, sees a lot of products being shipped from stores to buyers’ homes. This, in turn, leads to large quantities of packaging that need to be recovered from domestic recycling collections in a way that allows said packaging to become high-quality material for recycling.