Containerboard production was up 0.7 percent compared to April 2017 and up 0.7 percent year-to-date. The month-over-month average daily production compared to March 2018 was 0.5 percent lower. The containerboard operating rate was 98.3 percent, 2.5 percentage points higher than the same month last year. Production for exports was 3.0 percent lower than April 2017 and 5.8 percent lower year-to-date.
http://afandpa.org/media/news/2018/05/17/american-forest-paper-association-releases-april-2018-containerboard-report
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Michigan State University celebrated the opening of the newly renovated MSU School of Packaging building on April 20, following a fundraising campaign that raised more than $10 million. “This significant expansion of our facilities, enabled by the generosity of donors and stakeholders, will reinforce MSU’s longstanding leadership in packaging education,” said MSU Interim President Teresa K. Woodruff, Ph.D. “These improvements anchor our commitment to the excellence of our School of Packaging and will help us prepare the next generation of leaders in packaging science.” Established in 1952, the MSU School of Packaging was the first school of packaging in the United States and now is the largest packaging program in the country, with over 600 undergraduate and graduate students.
First Quarter 2023 Highlights: • Reported sales grew 2% and core sales increased 4% driven by demand in Pharma and Beauty • Aptar Pharma reported sales growth of 4% and core sales growth of 7% • Aptar Beauty reported sales growth of 6% and core sales growth of 9% • Reported earnings per share decreased 12% to $0.82, due to restructuring charges • Operating cash flow was $98 million, up from $92 million in 2022
Highlights - First Quarter 2023 *Operating income of $210 million; Operating EBITDA of $443 million, up 3% on a comparable basis *Earnings per share of $0.85; Adjusted earnings per share of $1.30, up 11% on a comparable basis *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges *Returned $211 million to shareholders in the quarter ($178 million via share repurchases and $33 million in dividends) *Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA)