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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Tetra Pak announces its collaboration with Fresh Start, a leading food technology incubator that works with a portfolio of start-ups to provide technological solutions to some of the challenges facing the global food systems. As Tetra Pak’s first collaboration with a food processing technology incubator, this initiative will combine the company’s industry expertise with Fresh Start’s innovative approach to drive solutions that will contribute to improving food systems resilience. Its portfolio of solutions includes Bountica, a fermentation-based mechanism that prolongs the shelf life of food and beverage products and Alteco, a device which helps production facilities manage their energy consumption. Fresh Start is based in Israel, one of the world’s major centres of food innovation and investment.
The packaging EPR landscape is rapidly changing in the U.S., so we have provided some updates here on new states with EPR laws, timelines as we know them today, and challenges producers have encountered. Given that the implementation of EPR laws is evolving so quickly, it is difficult to keep this blog post up to date with the latest. See the “Keeping Up with EPR News” section below for a list of websites that are regularly updated. Key Takeaways *Packaging EPR requires producers (usually brands) to pay fees based on the amount of type of packaging they sell into the state. *Seven U.S. states have passed packaging EPR laws. *The Circular Action Alliance (CAA) is the Producer Responsibility Organization (PRO) assigned thus far to manage these EPR programs and collect fees. *Producers were required to report their 2024 packaging data for Oregon by March 31, 2025. The next deadline is for Colorado reporting, due July 31, 2025. *Companies should be conducting EPR reporting now and working to reduce and improve their packaging now to reduce fees.
Second Quarter 2022 U.S. GAAP Summary: Net sales of $1.4 billion increased 7% as reported, with the Americas increasing 13%, EMEA decreasing 4%, and APAC decreasing 3%. Net earnings were $114 million, or $0.77 per diluted share, as compared to net earnings of $109 million, or $0.71 per diluted share. The current period results were impacted by pre-tax losses including a $16 million impairment of an equity investment and an $11 million loss on debt redemption. Income tax expense was $43 million, resulting in an effective tax rate of 27.2% in second quarter 2022. This compares to an income tax expense of $46 million in the prior year, or an effective tax rate of 29.7%, which was unfavorably impacted by legislative changes to foreign statutes.