World leader of sustainable packaging

Michael Doss, the Company's President and CEO said, "In 2024, we demonstrated the value of the Graphic Packaging business model, generating a level of consistency and profitability in line with other leading consumer packaging companies. We delivered strong and steady margins and significant new consumer packaging innovations. Our strategic investments in capabilities, innovation, and competitive advantage have positioned the company for long-term value creation. In 2025, we will build on that success, driving competitive advantage in recycled paperboard across all of North America, and expanding our innovation capabilities into new markets and new product categories around the world. "The past two years have presented unusual volume challenges for the industry and our customers. Customer destocking is largely over, but consumers are stretched and searching for value in their everyday purchases. Across grocery, convenience, e-commerce and mass retail, Graphic Packaging is responding to our customers' evolving needs by creating the more circular, more functional, and more convenient packaging that consumers prefer. As the last of our major asset investments comes to completion in 2025, capital spending will decline significantly, and we will deploy excess cash to create substantial value for our stockholders. Consistent with our capital allocation priorities, today we are announcing a 10% increase in the quarterly dividend, to $0.11 per common share, effective for the first quarter 2025."

For food brands seeking plastic-free alternatives without compromising performance, Kapag's innovative Changemaker concept uses Sappi's premium materials to create exceptional barrier packaging. This groundbreaking solution, developed by Kapag, combines Sappi's premium Algro Design paperboard or Fusion Topliner with AvantGuard functional barrier paper to deliver a 100% paper-based, mono-material, recyclable solution for food products that eliminates the need for plastic-based alternatives. Kapag created the Changemaker brand for all laminated paperboard products that aim to replace or significantly reduce plastics in packaging. The name Changemaker was chosen to emphasise that everyone can become a changemaker for the good of our planet by purchasing, converting and using renewable materials. First showcased at FachPack, Changemaker demonstrates how Kapag's advanced lamination technology can create sustainable packaging without compromising performance. The approach utilizes their specialised lamination process to combine Sappi's Algro Design paperboard or Fusion Topliner with Sappi's AvantGuard functional high barrier paper. While the showcase example at FachPack featured exceptional grease barrier for highly fatty Berliner doughnuts, the same concept can provide various types of protection including oxygen barriers, aroma protection, water vapour barriers, and protection against contaminants — all while maintaining the excellent printability and converting performance of Sappi's premium paperboards.

Sonoco provided a progress report on Project Horizon, its $115 million investment to transform its corrugated medium machine in Hartsville, S.C. to a state-of-the-art uncoated recycled paperboard operation with annual production capacity of 180,000 tons. “The conversion of our corrugated medium machine (#10 machine) to URB is expected to be completed by the end of the second quarter of 2022, and there are a number of significant construction projects underway that will modernize the infrastructure of the entire Hartsville Mill Complex and allow for more efficient and safe handling of raw materials and finished goods,” said Tim Davis, Division Vice President and General Manager, Paper & Adhesives, U.S./Canada. A key element of Project Horizon is construction of a new stock prep system to provide approximately 650 tons per day of recycled fiber to the rebuilt #10 machine and other Hartsville cylinder machines.