Total Packaging Papers shipments were up 12.3 percent compared to April 2017, but down 1.0 percent year-to-date. Bag & Sack shipments were flat year-to-date. Multiwall shipments were down 6.7 percent, Converting shipments were down 0.4 percent and Food Wrapping shipments were up 3.1 percent. The operating rate for April increased slightly to 92.9 percent from 92.7 percent in March. Inventories were down 0.8 percent since March.
http://afandpa.org/media/news/2018/05/17/american-forest-paper-association-releases-april-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Huhtamaki has made the decision to consolidate the production footprint of its Flexible Packaging segment in Europe and will be closing its Flexible Packaging production facility in Prague, Czech Republic. All production and supporting activities at the facility will be scaled down during the second half of the year, with the closure of the operations completed by March 31, 2024. Production will gradually be transferred to Huhtamaki’s other manufacturing sites. The decision affects all 198 employees in the site. Huhtamaki will support its employees during this period, including providing information about vacancies in other Huhtamaki units in the Czech Republic and across Europe. Huhtamaki currently has two manufacturing units in Czech Republic. The closure of the Prague site does not affect the Fiber packaging operations in Okrisky which today employs 274 people.
Hurricane Helene has made a significant impact in the Southeastern United States, including in the Carolinas where we have several operations. Our facilities in the area did not sustain major damage and are still able to ship product. While we are restoring full operations, we will be temporarily shifting some orders to other sites in our network to ensure we continue to meet your needs.
Depending on your location, some customers might experience delivery delays. Trucks will have to take alternate routes as two major interstates in the area are closed due to significant flooding and resulting landslides.
Q1 2022 Highlights (comparative figures have been restated to reflect discontinued operations1) *Sales of $1,038 million (compared with $1,028 million in Q4 2021 and $942 million in Q1 2021) As reported (including specific items) *Operating income (loss) of $(4) million (compared with $(90) million in Q4 2021 and $44 million in Q1 2021) *Operating income (loss) before depreciation and amortization (OIBD) of $56 million (compared with $(30) million in Q4 2021 and $109 million in Q1 2021) *Net loss per common share of $(0.15) (compared with net earnings per common share of $1.04 in Q4 2021 and net earnings per common share of $0.22 in Q1 2021)