R.R. Donnelley & Sons Company will showcase recent investments in Packaging Solutions at PACK EXPO Las Vegas. At the show, RRD will unveil anew single pass digital press to reduce time-to-market on large format runs by 25%. Ideal for retail signage and displays made from thicker substrates like corrugated and poly-based materials, the state-of-the-art technology combines the agility and speed of digital printing with exceptional print quality, a wide color spectrum and minimal energy consumption. RRD will announce full details in the fall. With growing RFID mandates from top retailers, RRD is helping clients navigate the shift by upping its investment in industry-leading technology to offer a complete solution of RFID labels and folding cartons. RRD manufactures the RFID labels and folding cartons and then affixes the label to the folding carton. RRD can also complete the fulfillment and distribution of the finished product. This comprehensive suite of services is a welcomed change from coordinating multiple steps and vendors to one seamless process.

A.J. Plast Vietnam Co has inaugurated a 70,000sq.m biaxially oriented plastic film production plant in the southern province of Bình Dương. The factory's core products include biaxially oriented polypropylene (BOPP) and biaxially oriented polyethylene trephthalate (BOPET) firms, both serving as essential raw materials for flexible packaging industry in a wide range of applications such as household products, agriculture, and pet food. Prasan Onwong, General Director of A.J. Plast Vietnam, said that the packaging sector in Việt Nam boasted considerable growth prospects, particularly in the domain of flexible packaging, which predominantly utilises BOPP and BOPET films. In terms of production capacity, the initial BOPP production line is geared to deliver 30,000 tonnes annually.

Second Quarter 2022 U.S. GAAP Summary: Net sales of $1.4 billion increased 7% as reported, with the Americas increasing 13%, EMEA decreasing 4%, and APAC decreasing 3%. Net earnings were $114 million, or $0.77 per diluted share, as compared to net earnings of $109 million, or $0.71 per diluted share. The current period results were impacted by pre-tax losses including a $16 million impairment of an equity investment and an $11 million loss on debt redemption. Income tax expense was $43 million, resulting in an effective tax rate of 27.2% in second quarter 2022. This compares to an income tax expense of $46 million in the prior year, or an effective tax rate of 29.7%, which was unfavorably impacted by legislative changes to foreign statutes.