Caraustar Announces a Minimum 7.0% Price Increase on all Paper Tube and Core Products

Metsä Board has, once again, been awarded the Platinum level rating by EcoVadis for the company’s sustainability and corporate social responsibility. Having improved the score to a record level 87/100 Metsä Board is among the highest 1% of companies assessed in the manufacture of corrugated paper and paperboard and containers of paper and paperboard. EcoVadis assesses companies covering four themes. Metsä Board was in the top 1% of companies for Environment, Labour & Human Rights and Sustainable Procurement and in the top 7% for Ethics. For the first time Metsä Board scored the full 100/100 in the Environment section. “At Metsä Board, sustainability is an integral part of our strategy and daily operations – now and in the future. Reaching the full 100 score in the Environment section and the Leader status in carbon management assessment acknowledges our journey towards fossil free production and products by the end of 2030,” says Mika Joukio, CEO at Metsä Board.

Paddock Enterprises a wholly owned subsidiary of O-I Glass, Inc. , announced that an order confirming its Plan of Reorganization was entered by the United States Bankruptcy Court for the District of Delaware, paving way to the implementation of the Plan and the final stage in the Chapter 11 process. “We are pleased to have achieved this significant milestone resolving Paddock’s legacy liabilities in a manner that is fair and equitable, and provides finality for the company moving forward,” said Andres Lopez, CEO of O-I Glass. “The broad support for the Plan among Claimants is indicative of the positive outcome it delivers to all parties. We look forward to implementing the final steps in the Chapter 11 process following this confirmation by the Bankruptcy Court.”

Mondi is delighted to launch a new more sustainable sleeve packaging, created to replace conventional plastic shrink wrap around 1.5 litre sparkling soft drink multipacks produced by Coca-Cola HBC in Austria and keep them secure. Mondi’s Hug-IT, which keeps six bottles together during transportation, is made of Mondi’s Advantage SpringPack Plus, crowned by Guinness World Records as the strongest paper in the world.¹ The Hug-IT sleeve has high tensile strength and incomparable stretchability, so it can be trusted to wrap around the six bottles tightly, keeping them upright and held together during transit – from factory site, to retailer, to the consumer’s home. It will secure 1.5-liter PET multi-packs of the Coca-Cola, Fanta, Sprite and Mezzo Mix brands and will be sold in retail outlets throughout Austria. Hug-IT is an innovative solution, and Advantage SpringPack Plus is currently the only paper on the market offering such unique capabilities, being strong enough holding the bottle bundles together as final Hug-IT solution.