Total packaging papers & specialty packaging shipments in July increased seven percent compared to July 2019. They were up three percent when compared to the same seven months of 2019.
The operating rate was 84.5 percent, up 2.2 points from July 2019 and down 0.7 points year-to-date.
Mill inventories at the end of July decreased 1,000 short tons from the previous month and were up 17,000 short tons compared to July 2019.
https://afandpa.org/media/news/2020/08/17/american-forest-paper-association-releases-july-2020-packaging-papers-monthly-report
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It has been nearly 3 years since our last increase and over that period of time we have experienced rising prices on paper and boxes 9% as well as other raw materials, components & labor rates. We are persistent in our efforts to improve our processes, however the price escalations have exceeded productivity gains. We must raise our prices 3-1/2% effective on all orders placed on or after 02/01/2021.
Atlantic Packaging is proud to announce the launch of New Earth Ventures (NEV), a dedicated innovation and investment arm designed to accelerate the future of packaging and supply chain technology.
Why New Earth Ventures?
Packaging is at a crossroads. Today, nearly half of global plastic waste comes from packaging, making it one of the most urgent challenges for brands, regulators, and consumers alike. As AI and machine learning reshape industry workflows and sustainability pressures intensify, the need for next-generation solutions has never been greater.
NEV is Atlantic Packaging’s answer to this challenge. It represents our commitment to backing visionary founders and breakthrough technologies that will transform packaging.
For 80 years, Atlantic Packaging has grown by listening to the people we serve. Today, our customers are doing more than just buying products, they are providing us with the roadmap of what they need to succeed in a changing world. NEV is our commitment to following that roadmap and building the solutions our partners are asking for.
Berry Global Group, Inc. announced that its Board of Directors has unanimously elected Kevin Kwilinski as Chief Executive Officer of Berry, effective October 2, 2023. In connection with this appointment, the Board has elected Stephen Sterrett, Lead Independent Director, as Chairman of the Board, also effective on October 2, 2023. As previously announced in February 2023, Tom Salmon will retire from his roles as CEO and Chairman, and he will remain with the Company through the end of the calendar year in an advisory capacity to ensure a smooth transition. Mr. Kwilinski brings to Berry nearly three decades of experience in the packaging industry and a track record of driving operational excellence, expanding margins and managing complex global operations. He currently serves as President and CEO of Multi-Color Corporation, a global provider of label solutions, where he successfully led and integrated multiple acquisitions, resulting in significant EBITDA and revenue growth while delivering above target commercial and operational synergies.