Containerboard production was up 0.7 percent compared to January 2017. The month-over-month average daily production compared to December 2017 was 2.9 percent lower. The containerboard operating rate was 97.2 percent, or 2.2 percentage points higher than January 2017. Production for exports was 10.5 percent lower than January 2017, which was the month with the second highest export volume in 2017.
http://afandpa.org/media/news/2018/02/22/american-forest-paper-association-releases-january-2018-containerboard-report
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Pregis LLC has entered into a definitive agreement to purchase Free-Flow Packaging International, Inc. The acquisition is expected to be finalized in the coming weeks, subject to customary closing conditions and regulatory review. FP International has a 50 year history of providing a wide range of protective packaging solutions. Its well-known brands include the MINI PAK'R®, PRO PAK'R® and POWER PAK'R® and many other protective packaging products. The company was founded in 1967 by Arthur Graham, who pioneered the use of free-flowing interior packaging material. FP International has been transformed over the past two decades from a single-product company to a leading provider of protective packaging solutions with multinational operations. Click Read More below for additional information.
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Q2 2017 Highlights
• Sales of $1,130 million (compared to $1,006 million in Q1 2017 (+12%) and $998 million in Q2 2016 (+13%))
• As reported (including specific items) • Operating income of $48 million (compared to $31 million in Q1 2017 (+55%) and $65 million in Q2 2016 (-26%))
• OIBD 1 of $104 million (compared to $78 million in Q1 2017 (+33%) and $112 million in Q2 2016 (-7%))
• Net earnings per common share of $3.41 (compared to net earnings of $1.70 in Q1 2017 and net earnings of $0.38 in Q2 2016)
• Adjusted (excluding specific items) 2 • Operating income of $51 million (compared to $28 million in Q1 2017 (+82%) and $65 million in Q2 2016 (-22%)). Click Read More below for additional detail.