Containerboard production was up 3.5 percent compared to March 2017 and up 0.5 percent year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher. The containerboard operating rate was 97.4 percent or 0.7 percentage points higher than the same month last year. Production for exports was 3.3 percent lower than March 2017 and 6.7 percent lower year-to-date.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-containerboard-report
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HIGHLIGHTS *First quarter net earnings (loss) attributable to International Paper of $360 million ($0.95 per diluted share) compared with $107 million ($0.28 per diluted share) in the fourth quarter of 2021 and $349 million ($0.88 per diluted share) in the first quarter of 2021. First quarter adjusted operating earnings* (non-GAAP) of $288 million ($0.76 per diluted share) compared with $301 million ($0.78 per diluted share) in the fourth quarter of 2021 and $198 million ($0.50 per diluted share) in the first quarter of 2021. *$40 million of earnings achieved from Building a Better IP initiatives *14% year-over-year revenue growth *First quarter cash provided by operations of $588 million *Share repurchases of $406 million *Actively pursuing strategic options, including a sale of equity investment in Ilim Group
Second Quarter 2017 Summary: • Reported sales were in line with the prior year. • Excluding the negative impact from changes in foreign currency exchange rates, core sales increased 1% as robust core sales growth in the Pharma and Food + Beverage segments offset a decline in Beauty + Home. • Reported net income (11% of net sales) increased to $65 million (+10%) primarily due to a lower effective tax rate. • EBITDA (20% of net sales) decreased to $124 million (-7%) primarily due to decreases in business in certain markets and higher raw material costs. • Reported earnings per share were $1.01 compared to $0.91 reported in the prior year (+11%) and $0.90 in the prior year when adjusting for changes in currency exchange rates (+12%). Click Read More below for additional details.
Hilex®, a Novolex® brand, today announced the launch of RollStar EZ Open Produce Bags that solve a vexing problem for shoppers: how to open a produce bag with sides that “stick” together. RollStar EZ Open Produce Bags come in different gauges and sizes for fruits and vegetables. Also available are RollStar bags designed for meat, fresh seafood and bakery items. The RollStar compact dispenser makes it simple for shoppers to take one bag at a time, reducing waste by ensuring they take only the bags they need. In addition to being easier to open, the new bags offer a number of other key features: *The Star Seal bottom bags are leak-proof and stronger than conventional flat seal bags; *The universal dispenser is narrow, fits in a variety of spaces and is compatible with most roll bags; *Custom fixtures and custom prints are available; *The bags are made at multiple manufacturing facilities, ensuring business continuity for single-source customers.