Total Packaging Papers shipments were up 12.3 percent compared to April 2017, but down 1.0 percent year-to-date. Bag & Sack shipments were flat year-to-date. Multiwall shipments were down 6.7 percent, Converting shipments were down 0.4 percent and Food Wrapping shipments were up 3.1 percent. The operating rate for April increased slightly to 92.9 percent from 92.7 percent in March. Inventories were down 0.8 percent since March.
http://afandpa.org/media/news/2018/05/17/american-forest-paper-association-releases-april-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
Related Posts
Highlights: *Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. *Net Income was $150 million, an increase of 127% versus the prior year quarter. *Earnings per Diluted Share were $0.49, an increase of 133% versus the prior year quarter. *Announcing definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. *Board of Directors approved $500 million increase to share repurchase authorization.
2022 Highlights - Net Sales were $9,440 million versus $7,156 million in the prior year. *Net Organic Sales increased 3% from the prior year. *Net Income was $522 million versus $204 million in the prior year. *Earnings per Diluted Share were $1.69 versus $0.68 in the prior year. *Net debt was $5,133 million versus $5,659 million at prior year end. *Year-end net leverage was 3.2x versus proforma 4.6x at prior year end. *New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.
WestRock Company was recognized for design excellence at the 74th annual North American Paperboard Packaging Competition. The company won 13 awards—the most of any entrant—including the prestigious Eco Award for its unique 8 pack designs for Budweiser and Bud Light’s 16 oz aluminum bottles. Sponsored by the Paperboard Packaging Council (PPC), the competition is judged by a panel of packaging experts. The awards recognize cartons that represent the best in converting excellence, innovation, and sustainability that the North American folding carton industry has provided its customers over the past year. The Eco Award recognizes an outstanding use of paperboard in replacing a non-paperboard substrate, creating extremely sustainable packaging, and/or fostering materials reductions or better cubing. Click Read More below for additional information.