International Paper (NYSE: IP) today announced that it has completed the transfer of its North America Consumer Packaging business to Graphic Packaging. As a result of the transaction, Graphic Packaging has assumed $660 million of IP debt. IP now holds a 20.5% ownership interest in the subsidiary of Graphic Packaging that holds the assets of the combined business. The transferred business includes approximately 3,900 employees, two coated paperboard mills and three converting facilities in the U.S., along with one converting facility in the U.K.
http://internationalpaper2015.q4web.com/news-releases/press-r/2018/International-Paper-Completes-Transfer-of-Their-North-America-Consumer-Packaging-Business-to-Graphic-Packaging/default.aspx
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Between June 20 and 22, Klabin will participate in the 25th Hortitec, Brazil’s largest technical fair targeted at the farm produce sector, to be held in Holambra in the interior region of São Paulo state. Along with EcoKraft, the company will showcase its recyclable corrugated board packaging for the farm produce segment. At the Klabin booth, visitors can learn about the characteristics of the packaging solution, which is tailored to the specifications of diverse products in this market. The company’s corrugated board boxes come in specific formats to accommodate and pack fruits, vegetables, greens and other food products, ensuring resistance, protection of the contents, as well as ease of storage and transportation. Moreover, the packaging is recyclable and produced using raw material obtained from planted and certified forests. Click Read More below for additional information.
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American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding the passage of New Jersey’s Paper Bag Ban (NJ Senate Bill 864 / Assembly Bill 1978): “The American Forest & Paper Association opposes bans on paper products and urges Governor Phil Murphy to issue a conditional veto that removes paper from New Jersey’s bag ban. In voting to become the first and only state in the nation to ban paper bags, the New Jersey Legislature has undermined an environmentally responsible option for consumers. Furthermore, the ban on paper bags sends an alarming message in devaluing family wage jobs, which are often union labor, in addition to the indirect jobs supported by the paper and wood products industry in the state. “Paper is part of the environmental solution, but New Jersey is treating it like the problem. Governor Murphy should take action to ensure continued consumer access to a recyclable, reusable and compostable product - the paper bag.”