Total Packaging Papers shipments were 219,200 tons, 9.5 percent lower than January 2017. Bag & Sack shipments were down 13.4 percent month-over-month and Multiwall shipments were down 19.0 percent. Food Wrapping shipments were up 0.4 percent. The operating rate for January was 84.3 percent, the second lowest over the last 13 months. Inventories were 171,800 tons, up 3.6 percent since December 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Metsä Board, part of Metsä Group, has been selected as one of the winners of 2024 WorldStar awards for their ultralight pizza box concept developed together with Adara Pakkaus and other industry experts. A total of 435 entries from 41 countries were included in this year’s competition. An expert panel of international judges compared the entries to similar solutions from around the world and awarded the ones that were superior in their category and market and were better in execution or innovation, in comparison to others. The awarded ultralight pizza box solution, made of MetsäBoard Natural WKL Bright, uses considerably less material than traditional solutions without compromising rigidity, function or print quality. The pizza box was about 38 per cent lighter and according to the life cycle analysis the pizza box’s carbon footprint was up to 50 per cent lower than those of traditional solutions made of recycled fibre. The environmental impact comparison was carried out on material and its production.*
Net sales in the third quarter increased to $2,468 million compared to $2,326 million in the third quarter of 2016, reflecting increased global beverage, food and aerosol can volumes, the pass through of higher raw material costs, and $38 million of favorable currency translation. Income from operations was $347 million in the third quarter of 2017. Segment income improved to $358 million in the quarter over the $333 million in the third quarter of 2016, including a benefit of $5 million from currency translation. Net income attributable to Crown Holdings in the third quarter was $177 million compared to $183 million in the third quarter of 2016. Reported diluted earnings per share were $1.32 in the third quarter of 2017 compared to $1.31 in the 2016 third quarter. Adjusted diluted earnings per share were $1.41 compared to $1.33 in the third quarter of 2016. Through September 30, the Company repurchased a total of 6.2 million shares of its common stock for $339 million, including 1.1 million shares for $62 million during the third quarter. Click Read More below for additional information.
Huhtamaki has welcomed the conclusions of a new report, which reviews 26 scientific studies comparing the environmental impact of single-use packaging vs. reusable tableware used in takeaway settings. Conducted by Ramboll, a leading global engineering, design and consultancy company, the ‘meta-analysis’ of 26 previous scientific studies concludes that the additional and specific burdens of reusable tableware, when used for takeaway food and beverages, makes it far less sustainable than paper-based single-use tableware. The reasons for this are the energy and water required for sanitization, together with the impacts of take-back transport and the breakage rates associated with takeaway systems. Previous Life Cycle Assessments, undertaken by Ramboll for the European Paper Packaging Alliance (EPPA), revealed that when used within in-store settings in Quick Service Restaurants, reusable tableware systems generated 2.8 times more CO2-equivalent emissions and consumed 3.4 times more freshwater than paper-based packaging.