Mondi, a global leader in sustainable packaging and paper, is investing over €16 million in its Krapkowice plant in Poland in response to demand for sustainable packaging from the eCommerce industry. Durable, lightweight as well as puncture and tear-resistant, Mondi’s MailerBAGs are cost-effective for customers to transport as they save space and weight. Available in a range of sizes, the bags are easy to open and close making them ideal for delivery and returns. Excellent printability also ensures brands can communicate their key messages to consumers easily. The Krapkowice plant is dedicated to the production of Mondi’s MailerBAGs, and based in Poland, is ideally located to serve the whole of Europe. This investment will more than double Mondi’s MailerBAG production capacity for 2023 in Poland and will include a new production line.

Fourth Quarter Results Include (all results compared to the fourth quarter 2020 unless otherwise noted)(1): *Net income of $104.5 million or $1.74 per diluted Class A share compared to net income of $44.4 million or $0.74 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $115.4 million or $1.93 per diluted Class A share compared to net income, excluding the impact of adjustments, of $46.4 million or $0.78 per diluted Class A share. Adjusted EBITDA(3) increased by $56.8 million to $211.3 million. *Net cash provided by operating activities decreased by $63.1 million to $137.3 million. Adjusted free cash flow(4) decreased by $79.1 million to $94.8 million primarily as a result of inflationary raw material costs. *Total debt decreased by $261.4 million to $2,225.6 million. Net debt(5) decreased by $280.1 million to $2,101.0 million and decreased by $66.8 million sequentially from the third quarter of 2021. The Company's leverage ratio(6) decreased to 2.49x compared to 3.66x, within our targeted leverage ratio range of 2.0x - 2.5x.

Sealed Air Corporation announced that it is implementing a price increase on all products in its North American Product Care division. The increases will be effective September 1, 2017. The price adjustments are the result of escalation in resin costs of over 7% since the start of the year with over 9% of additional increases expected to be announced in the near term. Other raw materials costs have also been on the rise including chemical components (MDI/Polyol) which are up 15% since the start of 2017, and recycled paper and corrugated up with Old Corrugated Container (OCC) costs climbing more than 50% year-to-date with further increases expected. Click Read More below for additional details.