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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For more than 30 years, Pratt has been sourcing, producing and recycling paper in the U.S. We are proud to have built six 100% recycled paper mills in America, taking recovered fiber from old corrugated containers and mixed paper materials and turning it into new rolls of paper. The feedstock for our 100% recycled paper mills largely comes from businesses and homes across the country. “We receive material from major metro areas east of Denver, Colorado,” says Shawn State, President of Pratt Recycling, Inc. This includes New York City, where our Staten Island Recycling facility receives post-consumer waste paper from all 5 boroughs. The recovered waste paper is picked up by the Department of Sanitation (DSNY) and delivered to Pratt daily by both barges and trucks. Other metro areas that we source fiber include: Atlanta, Charlotte, Chicago, Dallas, Denver, Detroit, Miami, Nashville and Orlando among many others.
The long-term collaboration between Koehler Paper and HDG-Verpackungsmaschinen has resulted in a new innovation: For the first time, paper bags can now be produced and filled on horizontal form-fill-seal machines using the "pressure seal module" for the RB-300 HDG packing machine and the specially developed "NexPlus MC" packaging paper from Koehler Paper, which features high mechanical strength and no sealing layer. Possible formats are 3-edge sealing bags, folding flat-bottom bags (fully sealed) and double bags with a bag length of up to 250 mm and a width of at least 50 mm. The new packaging option can be used for all products that do not require an additional barrier, as well as for secondary packaging of dry products.
Highlights • Record net income of $2.42 per diluted share • Record adjusted net income of $1.65 per diluted share • Cash from operations of $389.7 million, or $3.50 per…