Containerboard production was 2.0 percent higher compared to August 2016. The month-over-month average daily production compared to July 2017 was 1.0 percent lower. The containerboard operating rate for August decreased from 97.9 percent to 96.9 percent, which was 0.8 percentage points higher compared to August of last year. Year-to-date production of containerboard for export is up 4.4 percent.
http://afandpa.org/media/news/2017/09/19/american-forest-paper-association-releases-august-2017-containerboard-report
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Wendy’s, Church’s Chicken and Taco Bell all honored North America’s Foodservice business unit with significant awards earned for delivering outstanding service and design. As three of the most globally recognizable quick-service restaurants in the industry, these are obviously great honors for our company. Wendy’s Golden Link Award - Awarded only once every two years, the Golden Link Awards recognize top supply chain partners. Huhtamaki was honored for their strong commitment to its partnership with Wendy’s and delivering excellent products at a fair price. Church’s Chicken Supplier of the Year - Huhtamaki collaborated with Church’s Chicken to globally source the paperboard used in producing the Church’s boxes and cartons. Yum! Brands/RSCS STAR Award for Taco Bell’s Packaging Supplier of the Year - During their Annual STAR Award ceremony, Yum! Brands and Restaurant Supply Chain Solutions (RSCS) chose Huhtamaki as Taco Bell’s Packaging Supplier of the Year. Click Read More below for additional information.
Silgan Holdings Inc. reported record third quarter 2020 net income of $112.9 million, or $1.01 per diluted share, as compared to third quarter 2019 net income of $81.3 million, or $0.73 per diluted share. Net sales for the third quarter of 2020 were $1.49 billion, an increase of $167.2 million, or 12.7 percent, as compared to the same period in the prior year. This increase was the result of higher net sales in all of the businesses. Income before interest and income taxes for the third quarter of 2020 was $174.0 million, an increase of $41.3 million as compared to $132.7 million for the third quarter of 2019, and margins increased to 11.7 percent from 10.0 percent for the same periods. The increase in income before interest and income taxes was the result of higher income in each of the businesses. Rationalization charges were $2.5 million and $3.2 million for the third quarters of 2020 and 2019, respectively, and acquisition related costs were $0.7 million in the third quarter of 2020.
As the world leader in label papers, UPM continues to grow in the attractive release liner segments to support its customers mainly in Europe and the Americas. Healthy growth is…