One of the main European manufacturers of shopping bags and packaging accessories,​ Fiorini International​, has produced a new bag for Lecta's one-side coated paper Creaset Bags range, introduced at the Packaging Première fair, an exclusive event devoted to luxury packaging held in Milan from May 15 to May 17. Using the slogan "Pure Inspiration" and with a sophisticated design that transmits elegance and lightness, this attractive bag showcases the paper, part of a versatile range that enables you to create anything you can imagine, as the motto of the Creaset brand suggests: "Endless Possibilities". From a perfume label to a wine label to premium flexible packaging applications, the possibilities are infinite. Click Read More below for additional information.

First Quarter 2022 Highlights (as compared to first quarter 2021): • Revenue increased 17.6% to $406.4 million primarily due to the impact of higher selling prices in tape, film, woven, and protective packaging products driven by increases in the cost of many raw materials and freight. • Gross margin decreased to 21.0% from 23.9% primarily due to the unfavourable mathematical impact of Dollar Spread Maintenance(1) and increased plant operating costs. • Net earnings attributable to the Company shareholders ("IPG Net Earnings") decreased $75.7 million to a net loss ("IPG Net Loss") of $56.7 million ($0.96 basic and diluted loss per share) primarily due to charges related to the Arrangement(2) for contingent consulting fees payable upon completion as well as a significant increase in the fair value of share-based compensation awards in selling, general and administrative expenses ("SG&A"). • Cash flows used for operating activities increased $26.9 million to $55.8 million primarily due to a greater decrease in accounts payable, partially offset by a decrease in accounts receivable and non-recurrence of share-based compensation settlements in the first quarter of 2021 related to cash-settled awards.

Smurfit Kappa announces that it has received an unsolicited proposal from International Paper Company, headquartered in Memphis, USA, whereby International Paper would acquire Smurfit Kappa and Smurfit Kappa shareholders would receive a combination of cash and a minority holding in the combined business. The Board of Smurfit Kappa has carefully considered the Proposal and believes it is in the best interests of the Group’s shareholders and other stakeholders to pursue its future as an independent company, operating as the European and Pan-American leader in paper-based packaging. Smurfit Kappa is a world leader in paper-based packaging with an established track record of consistently delivering strong and improving operating and financial performance. Click Read More below for additional information.