Total boxboard production increased 4.0 percent when compared to April 2017 and increased 2.6 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production increased when compared to April 2017 and increased compared to last month. The production of Recycled Boxboard increased compared to April 2017 and increased when compared to last month.
http://afandpa.org/media/news/2018/05/18/american-forest-paper-association-releases-april-2018-boxboard-report
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Silgan Holdings Inc. announced that it has entered into a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a leading producer of differentiated dispensing solutions for personal care, food and healthcare products for an enterprise value of €838 million. Weener operates a global network of 19 facilities predominantly in Europe and the Americas, with approximately 4,000 employees and proprietary manufacturing technologies including significant clean room capabilities. “The proposed acquisition of Weener represents the continuation of our strategy to expand our global Dispensing and Specialty Closures franchise and a clear example of the effectiveness of our disciplined capital allocation model to create value for our shareholders,” said Adam Greenlee, President and CEO. “The combination of Weener’s innovative product offering, advanced manufacturing technologies and efficient operating footprint, strong customer relationships and presence in growing consumer markets, including personal and health care, complements our existing dispensing business well. As with prior acquisitionsin Dispensing and Specialty Closures, Weener has established its market position through innovation, cost leadership and an intense focus on partnering with their customers to meet demanding market requirements,” continued Mr. Greenlee.
Clearwater Paper Corporation introduced ReMagine™, a folding carton paperboard brand with up to 30 percent post-consumer recycled fiber. Inspired by circular economy principles, ReMagine provides high definition print capability and superior converting performance. The new folding carton brand is now available to the company’s customers. ReMagine is distinct, offering up to 30 percent post-consumer recycled fiber that is Food and Drug Administration compliant for all types of food contact. This new brand of solid bleached sulphate (SBS) provides an optimized balance of post-consumer recycled fiber and renewable virgin fiber, converting speed, and high definition print capability. The brand also offers Forest Stewardship Council® FSC-C008402 chain of custody certification.
Amcor has announced the first batch of recipients for its ground-breaking Amcor Lift-Off seed funding initiative. Launched in April, Amcor Lift-Off targets breakthrough, state-of-the-art technologies that will further advance Amcor’s initiatives to make the future of packaging more sustainable. Following multiple pitch rounds, the winners of the initial Lift-Off program are: • Bloom Biorenewables Ltd: A chemical and biomaterials company, which converts plant waste into chemicals used in packaging; and • Nfinite Nanotechnology: An advanced materials company, which leverages smart nanocoatings to make packaging recyclable and compostable. Each company will receive investments of US $250,000 and access to Amcor’s best-in-class research and development resources.