Total Packaging Papers shipments were 230,900 tons, 4.7% higher than July 2016. Bag & Sack shipments were up 6.1% year-to-date, while Food Wrapping shipments were down 9.5% over the same period. The operating rate for July 2017 was 88.4%, in line with the year-to-date rate of 88.6%. Inventories were 173,100 tons, up slightly since June.
http://afandpa.org/media/news/2017/08/17/american-forest-paper-association-releases-july-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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IPG® has introduced ExlfilmPlus® PCR, a revolutionary polyolefin shrink film that contains 35% total recycled content and is prequalified to be recycled at store drop-off locations. ExlfilmPlus PCR is designed to meet the growing demand for more sustainable and circular packaging solutions, while delivering superior performance and quality. ExlfilmPlus PCR is a polyolefin shrink film that contains, at minimum, 10% certified postconsumer recycled content and 25% certified post-industrial recycled content. The new film contains certified mechanical post-consumer recycled content, which is derived from plastic waste collected from consumers and recycled into new resin. Additionally, ExlfilmPlus PCR has been prequalified by HOW2RECYCLE for store drop-off and is approved for some direct food contact applications. Available in gauges thinner than many traditional products, it offers a material usage reduction of up to 9%. By minimizing the environmental footprint of their packaging, customers can attain their sustainability objectives with the help of ExlfilmPlus PCR. It supports the circular economy by using recycled materials and enabling recyclability of the end product.
Oliver Inc. announces it has acquired Professional Image and aspecialtybox.com (collectively, “Professional Image”). Professional Image is a leading manufacturer of custom folding carton packaging and e-commerce provider of innovative stock packaging and accessories serving customers in food and beverage, beauty products, confection, health and wellness, and consumer goods markets. Based in Tulsa, Oklahoma, Professional Image will continue delivering design-forward packaging solutions from its current location. “The addition of Professional Image accelerates Oliver’s position as one of the nation’s largest independent specialty packaging providers,” said Dan Rodenbush, President/CEO of Oliver. “We are proud to welcome the Professional Image and aspecialtybox.com team to the Oliver family. Together, we will better serve our customers with additional geographic reach, capacity, and high-end, design-forward product offerings.”
Q2 2023 in brief • Net sales decreased 8% to EUR 1,052 million (EUR 1,147 million) • Comparable net sales growth at Group level was -2% and -2% in emerging markets • The impact of currency movements on the Group’s net sales was EUR -38 million and EUR -3 million on EBIT. Charles Héaulmé, President and CEO: “The market environment remained muted in the second quarter of 2023, as inflation affected consumption across categories and geographies. Destocking also continued to impact volumes during the second quarter, although at a lower level than during the first quarter. Our financial performance in the second quarter was in line with the first quarter of 2023, however it was soft compared to last year. Market conditions remained challenging, resulting in lower sales volumes. Our comparable net sales decreased by 2% in the second quarter but remained stable during the first half of the year. Adjusted EBIT decreased by 10% in the second quarter and 8% during the first half of the year, mainly due to lower sales volumes and the divested operations in Russia. Free cash flow continued to improve, reaching EUR 28 million during the second quarter and EUR 71 million during the first half of the year, driven by reduced working capital.