Total Packaging Papers shipments were 240,000 tons, 2.5 percent higher than December 2016. Bag & Sack shipments were up 1.3 percent year-to-date, while Food Wrapping shipments were down 6.0 percent over the same period. The operating rate for December 2017 was the second highest of the year at 92.0 percent, while the year-to-date rate was 88.6 percent. Inventories were 165,800 tons, down 4.2 percent since November 2017.
http://afandpa.org/media/news/2018/01/16/american-forest-paper-association-releases-december-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Following its recent acquisitions of packaging sites in Hungary, Poland, and Czech Republic, Coveris’ acquisition of Hadepol Flexo will mark the company’s fourth acquisition in CEE and the continuation of its strategy to invest in selected geographies and markets. With this deal, Coveris said it has achieved its strategic goal to better balance the operations footprint and become a leader in the CEE markets. The acquisition is subject to customary regulatory clearance and is expected to close towards the middle of Q2 2024. Founded in 1994, Hadepol Flexo operates two production facilities located in Rypin, Poland and specialises in paper and film-based packaging for bakeries and supermarkets, mainly for the domestic market.
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