Total Packaging Papers shipments were 207,700 tons, 3.1 percent lower than February 2017. Bag & Sack shipments were down 8.6 percent year-to-date and Multiwall shipments were down 14.5 percent, while Food Wrapping shipments and Converting shipments were both down less than 1 percent. The operating rate for February increased to 88.5 percent from 84.3 percent in January. Inventories were 175,600 tons, up 2.2 percent since January.
http://afandpa.org/media/news/2018/03/16/american-forest-paper-association-releases-february-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Tetra Pak has been named the inaugural Servitization Innovation Leader of the Year by the Advanced Services Group (ASG), the world’s leading authority on servitization based at Aston Business School, United Kingdom. This recognition highlights Tetra Pak’s pioneering role in applying advanced, outcome-based service models to the food and beverage sector. Such models provide customers with increased operational flexibility, predictable production costs and access to energy and water-efficient technologies, without the traditional capital investment barriers. Unlike conventional leasing or rental models, Tetra Pak’s offering is tailored to each customers’ operations, data-driven and designed to adapt over time as customer needs evolve. The Servitization Awards celebrate excellence in transforming business models through advanced services, recognising individuals and organisations that drive meaningful innovation. The Servitization Innovation Leader of the Year category honours a company that has successfully embraced servitization to unlock new forms of customer value, while serving as a benchmark for best practices and a catalyst for wider industry transformation.