ePac Flexible Packaging and RePurpose Technologies (RPT) have announced a partnership to effectively solve the crisis that leads to 9 out of 10 pieces of discarded plastic waste polluting our environment*. The community-based model, which can be replicated easily, provides a transparent and economically viable solution that can once and for all cure the grave problem of our overflowing landfills. By forming this partnership, ePac and RPT will create replicable recycling facilities starting in 2021 that are able to create a circular community-focused solution. The ability to track and trace every package will provide supply chain transparency to all parties in the value chain.

Packaging Corporation of America (NYSE: PKG) today reported third quarter 2023 net income of $183 million, or $2.03 per share, and net income of $185 million, or $2.05 per share, excluding special items. Third quarter net sales were $1.9 billion in 2023 and $2.1 billion in 2022. Reported earnings in the third quarter of 2023 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities. Results were $.17 above third quarter guidance of $1.88 per share primarily due to higher volume in the Packaging and Paper segments and lower operating and converting costs.

PCA recently celebrated the start of construction of its new full-line corrugated plant in Marshfield, Wisconsin. Attendees at the official groundbreaking included PCA management; the mayor of Marshfield and other city officials; the builders of the new facility; and employees from the nearby Colby plant, who were transported on coach buses to Marshfield for the event. PCA Executive Vice President Tom Hassfurther addressed the audience and participated with others in a ceremonial groundbreaking. The event also included lunch served inside a warming tent.