This according to Fastmarkets Paper Packaging Monitor. On the heals of IP closure of 1.4 million tons of containerboard added to closures by Greif, Georgia Pacific, Cascades, and Smurfit Westrock brings a total of nearly 4 million tons removed from the market this year alone. These closures will send operating rates into the mid-nineties in 2026. We can expect price increase at these operating rates and Fastmarkets is projecting $50/ton next year.

Cascades is pleased to continue supporting efforts to fight effects of the pandemic. In addition to providing essential products on a daily basis that help meet the needs of Cascades' customers and consumers, the Company has donated more than 150,000 boxes over the course of 2020 to non-profit organizations that are working to respond to the needs of people who are most vulnerable during the COVID-19 emergency. "Cascades has always been committed to helping and being involved in the communities where we do business. The difficult times we are all experiencing have only made this commitment more important," said Mario Plourde, President and Chief Executive Officer of Cascades. "Every year, Cascades provides over 50,000 cardboard boxes to food banks, community organizations and other aid initiatives. Given the current situation, we have tripled these donations to help with the even greater need for transport, storage and delivery of essential food supplies to individuals who are most affected by the crisis. Since the beginning of the pandemic, Cascades has donated more than 150,000 boxes to approximately one hundred community organizations primarily involved in emergency food assistance."

UPM Raflatac has further expanded its PP Lite range of labeling solutions for the European market with the introduction of two new products, clear-on-clear PP FTC Lite and PP Solid White FTC Lite. The PP Lite range helps brands achieve their sustainability targets with lightweight, eco-designed face materials, adhesives, and backing materials. Products in the PP Lite range combine a lighter face material, a lower coat-weight adhesive, and a lighter backing. This makes them incredibly lightweight overall, optimizes raw material use, and reduces greenhouse gas emissions, energy and water consumption, and waste. As well as helping brand owners increase the sustainability of their packaging, PP Lite range also boosts productivity across the value chain. Click Read More below for additional information.