Containerboard production was up 3.6 percent compared to December 2016 and up 3.1 percent year-to-date. The month-over-month average daily production was 1.8 percent higher compared to November 2017. The containerboard operating rate for December increased from 96.9 percent to 98.9 percent, 2.4 percentage points higher than December of 2016 and production for exports was 3.3 percent higher than December 2016. Year-to-date production of containerboard for exports is up 4.1 percent.
http://afandpa.org/media/news/2018/01/16/american-forest-paper-association-releases-december-2017-containerboard-report
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With demand increasing, Novolex® brand Shields® is stepping up production of its innovative poly mailers to help companies ship their products more reliably and securely. Manufactured in the USA, the Shields eCommerce mailer bag is durable, puncture resistant and waterproof. Its easy-to-use closure uses a secure, pressure-sensitive adhesive with an anti-static release liner. The mailer is also labeled with the How2Recycle® “store drop-off” label, which instructs consumers and businesses to bring mailers to participating retailers for recycling. “The pandemic is creating an intense need for secure poly mailers manufactured dependably in the USA,” said Martin McDonough, Vice President of Sales for Shields. “We are increasing production of our high-quality mailers so we can help as many companies as possible ship their products more reliably and securely.”
Intertape Polymer Group Inc. announced it has entered into a definitive agreement to acquire Nuevopak Global Limited (“Nuevopak”) for approximately $43.8 million in total cash consideration, consisting of $34.8 million to be paid at closing and the remaining amount, subject to certain post-closing adjustments and potential contingent consideration, to be paid within three years from the date of closing. All amounts are in US dollars. Nuevopak designs and develops a range of machines to provide void-fill and cushioning protective packaging solutions. Nuevopak currently supplies IPG with paper dispensing machines and converted paper for protective packaging distribution in North America. Nuevopak is a privately held company headquartered in Hong Kong with subsidiaries in Jiangmen, China and Scheden, Germany that serve customers around the world, providing protective packaging solutions using a combination of world-class innovation and specialized industry experience. This acquisition is expected to further enhance IPG’s protective packaging business and strengthen its product bundle, thereby supporting IPG’s vision to be a global leader in packaging and protective solutions. The acquisition is also expected to enable IPG to secure dispensing machine supply, vertically integrate its paper converting operation, and expand market share in this growing, sustainability-focused market.
“Our third-quarter results were within expectations from seasonally higher Consumer Packaging demand and continued strong productivity,” said Sonoco’s President and CEO, Howard Coker. “Consumer and Industrial volumes were higher year-over-year and price/cost headwinds were persistent across both segments. Overall, we achieved strong prot margin and operating cash ow in the quarter from the solid execution of our global team.” Summary: *Achieved GAAP net income attributable to Sonoco of $51 million *Generated productivity improvements of $39 million during the third quarter of 2024 *Generated $438 million of operating cash flow and $171 million of Free Cash Flow during the first nine months of 2024 *Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately €3.6 billion