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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Constantia Flexibles has signed an agreement to acquire approximately 57% of the shares of the packaging producer Aluflexpack. In parallel, Constantia Flexibles will launch an all-cash public tender offer for all publicly held registered shares of Aluflexpack. The offer is subject to certain terms and conditions, including the outcome of the regulatory process. The material terms and conditions of the offer are described in the pre-announcement of the offer which has been published today and is available at afp-tender-offer.com. The company is a leading player in the European packaging industry, specializing in foil and film packaging for the Consumer and Pharma markets. Operating out of 14 locations across Europe with over 1,500 employees, the company will perfectly complement Constantia Flexibles’ packaging solutions portfolio. This acquisition is a sizable step in Constantia Flexibles’ foil packaging presence across market segments. Aluflexpack has delivered a very strong historical financial performance and continues to do so. It is highly complementary to Constantia Flexibles’ geographical footprint, e.g., in Turkey and Poland as well as expanding to countries of Southeast Europe. The acquisition gives access to an extended technology portfolio.
These increasing volumes of sold PCR products for the agri sector, show how well our circular solution for bale wrap has been received by the market. It is a solution for the future, and we can proudly say that we are leading the way together with our customers and partners. Trioworld can offer a premium Loop alternative for each product in the agricultural stretch portfolio, even the most efficient and high-performance products such as 19 µm and mantle films. Being able to achieve a constant and reliable premium quality, also in these demanding applications, is possible because we recycle the used bale wrap into new raw material in our own recycling sites and can therefor secure the quality throughout the whole process. In 2024, we also ramped up our in-house recycling capacity, which is the outcome of our significant investment at the Trioworld Reviva site in Korsberga, Sweden. Our efforts in driving the transition to a circular solution within bale wrap has also just been acknowledged at this year’s Recycling Gala, hosted on November 28th in Stockholm, Sweden, where we were able to claim first place in the category "Circular Initiative of the Year".
• Net sales of $3,443 million; • GAAP Net income of $152 million; GAAP diluted earnings per share (EPS) of 10.5 cps; • Increased cash returns to shareholders: Quarterly dividend increased to 12.5 cents per share and $30 million of shares repurchased