Containerboard production was up 1.5 percent compared to May 2017 and up 0.8 percent year-to-date. The month-over-month average daily production compared to April 2018 was 1.5 percent higher. The containerboard operating rate was 98.5 percent, 1.4 percentage points higher than the same month last year. Production for export was 3.6 percent lower than May 2017 and 5.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-containerboard-report
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Amcor’s CEO Mr Ron Delia said: “Amcor’s strong full-year results reflect the progress we have made on our strategic investments and the benefits of our broad mix of geographic exposures. Underlying PBIT and EPS grew 9 and 10 percent respectively on sales growth of 4 percent for the year, and cash flow was at the high end of our expectations. “Balanced earnings growth from a variety of sources again demonstrated the resilience of Amcor’s business and management teams. Earnings were up strongly in both the Flexibles and Rigid Plastics segments, driven by organic growth and acquisitions. Across developed markets, earnings grew at rates which exceeded overall market growth. In emerging markets, we delivered increased earnings in the face of difficult conditions in several countries. Click Read More below for additional detail.
Billions of consumer packages are consumed globally every day, and the amount is growing. The Better with Less – Design Challenge is challenging packaging designers to create ever more environmentally-friendly, functional packaging solutions for everyday goods. The international competition jury includes renowned packaging design experts. Better with Less – Design Challenge starts 6 November, 2017. The international packaging design competition, organized by Metsä Board, aims to find new packaging solutions for some of the world’s most frequently used and fastest growing types of consumer packages. Billions of consumer packages are consumed globally every day, and as the population continues to grow, so will the number of packages. The high amount of plastic used in packaging is an international concern, in part because globally the plastic waste inputs into the oceans amount annually to almost nine million tonnes. Click Read More below for additional information.
Second Fiscal Quarter Highlights: Net sales of $3.8 billion, a 12% increase; Operating income of $341 million; Operating EBITDA of $555 million; Diluted earnings per share of $1.50; Adj. diluted earnings per share of $1.93; $350 million of share repurchases in 1H fiscal ‘22; Expect further opportunistic repurchases in 2H; Reaffirms fiscal 2022 adjusted earnings per share and free cash flow guidance