Containerboard production was down 3.0 percent compared to February 2017 and down 1.1 percent year-to-date. The month-over-month average daily production compared to January 2018 was 3.2 percent lower. The containerboard operating rate was 94.1 percent, or 3.1 percentage points lower than the same month last year. Production for exports was 6.0 percent lower than February 2017 and 8.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/03/16/american-forest-paper-association-releases-february-2018-containerboard-report
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The close collaboration between Koehler Paper and Leipzig-based chocolate manufacturer nucao is paying off: nucao chocolate bars will be packaged exclusively in paper with immediate effect. The flexible packaging paper “Koehler NexPlus® Advanced” from Koehler Paper, which has excellent oxygen, mineral oil, and grease barrier properties is not only suitable for packaging of chocolate-coated fruit products. The 100 percent recyclable paper is suitable for vertical packaging machines and now also for processing on horizontal packaging machines. Over the past few months, the Koehler Paper team worked together with researchers and developers from Koehler Innovation & Technology to develop the flexible packaging paper “Koehler NexPlus® Advanced” for use on horizontal packaging machines. “From a technical point of view, this is revolutionary as vertical packaging machines have a very high production speed. Paper needs excellent strength properties to be processed in this way, without being too thick for the machines to handle it,” explains Alexander Rauer, Head of Business Development for flexible packaging paper at Koehler Paper.
January–December 2020 (compared to 1–12/2019) • Sales were EUR 1,889.5 million (1,931.8). • Comparable operating result was EUR 221.2 million (184.4) or 11.7% (9.5%) of sales. Operating result was EUR 227.3 million (180.8). • Comparable earnings per share were EUR 0.46 (0.41), and earnings per share were EUR 0.48 (0.41). • Comparable return on capital employed was 12.2% (10.4%). • Net cash flow from operations was EUR 307.7 million (200.5). October–December 2020 (compared to 10–12/2019) • Sales were EUR 473.1 million (478.4). • Comparable operating result was EUR 64.5 million (39.1), or 13.6% (8.2%) of sales. Operating result was EUR 64.5 million (20.0). • Comparable earnings per share were EUR 0.14 (0.09), and earnings per share were EUR 0.14 (0.05). • Comparable return on capital employed was 14.3% (8.9%). • Net cash flow from operations was EUR 81.0 million (89.6).
Silgan Holdings Inc. reported record third quarter 2020 net income of $112.9 million, or $1.01 per diluted share, as compared to third quarter 2019 net income of $81.3 million, or $0.73 per diluted share. Net sales for the third quarter of 2020 were $1.49 billion, an increase of $167.2 million, or 12.7 percent, as compared to the same period in the prior year. This increase was the result of higher net sales in all of the businesses. Income before interest and income taxes for the third quarter of 2020 was $174.0 million, an increase of $41.3 million as compared to $132.7 million for the third quarter of 2019, and margins increased to 11.7 percent from 10.0 percent for the same periods. The increase in income before interest and income taxes was the result of higher income in each of the businesses. Rationalization charges were $2.5 million and $3.2 million for the third quarters of 2020 and 2019, respectively, and acquisition related costs were $0.7 million in the third quarter of 2020.