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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Diversey, a Solenis company and leading player in professional cleaning and hygiene solutions, has opened a new European headquarters and shared operating company (OpCo) office for Solenis and Diversey in Breukelen, the Netherlands. The new facility reflects the shared vision of both companies to enhance collaboration, drive innovation and deliver value to customers across the region. An integrated research and development (R&D) center at the new site stands out as a hub for innovation, focused on creating breakthrough cleaning and hygiene solutions to solidify Diversey’s industry leadership. Additionally, the new building will house the Dutch OpCo for both Solenis and Diversey, consolidating operations to enable greater synergy and efficiency. Solenis’ European headquarters remains in Switzerland.
In an innovative step towards a circular economy and as a result of close collaboration, Tetra Pak and Schoeller Allibert will launch a new transport crate made of polyAl from used beverage cartons at the Plastics Recycling Show in Amsterdam from 1 to 2 April 2025. Schoeller Allibert is a leading global manufacturer of returnable transport packaging solutions. By integrating up to 50% polyAl from used beverage cartons with raw materials from other recycled streams (without using any virgin materials), Schoeller Allibert has developed warehouse crates and other reusable logistics packaging that meet high industry standards for performance and durability, offering a more sustainable and cost-competitive alternative to conventional offerings. The crates are currently undergoing rigorous quality and durability field tests. Once validated, Tetra Pak will gradually replace over 50,000 crates used at its global spare parts distribution centre in Lund, Sweden.
Packaging Corporation of America reported third quarter 2020 net income of $139 million, or $1.46 per share, and net income of $149 million, or $1.57 per share, excluding special items. Third quarter net sales were $1.69 billion in 2020 and $1.75 billion in 2019. Excluding special items, the ($.35) per share decrease in third quarter 2020 earnings compared to the third quarter of 2019 was driven primarily by lower prices and mix in our Packaging segment ($.36) and Paper segment ($.07), lower volumes in our Paper segment ($.33), higher scheduled maintenance outage costs ($.04), and higher freight expense ($.02). These items were partially offset by higher volumes in our Packaging segment $.22, lower operating costs $.20, and lower converting $.04 and other costs $.01.