Total boxboard production decreased 1.9 percent when compared to March 2017 but increased 5.2 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago but decreased compared to last month. Total Solid Bleached Boxboard and Liner production increased when compared to March 2017 and increased compared to last month. The production of Recycled Boxboard decreased compared to March 2017 and increased when compared to last month.
http://afandpa.org/media/news/2018/04/20/american-forest-paper-association-releases-march-2018-boxboard-report
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The North Carolina Wildlife Federation has announced the 59th Annual Governor’s Conservation Achievement Award recipients- naming Atlantic Packaging as the Business Conservationist of the Year. The NCWF is dedicated to protecting, conserving, and restoring North Carolina wildlife and habitat and have been doing so for the past 78 years. They founded the Governor’s Conservation Achievement awards in order to recognize and honor those individuals and organizations with a strong commitment to protecting and conserving wildlife in NC. Atlantic Packaging actively engages its 800 employees across North Carolina in conservation efforts, providing sustainability and conservation education to inspire more sustainable practices both at work and at home. As a leader in sustainable packaging, their influence extends to cities like Charlotte, Greensboro, and Wilmington, where they collaborate with local organizations to promote environmentally conscious practices during major events and contribute to coastal beautification. Through partnerships, investments, and outreach efforts, Atlantic Packaging impacts conservation initiatives, fostering positive change in North Carolina and beyond.
The net sales increase of $161 million from the prior year quarter was primarily attributed to acquisition net sales of $106 million, selling price increases of $59 million due to the pass through of higher resin prices, and a $34 million favorable impact from foreign currency changes, partially offset by a 2% base volume decline. The operating income increase of $13 million from the prior year quarter was primarily attributed to acquisition operating income of $20 million, a $13 million decrease in selling, general and administrative expense due to synergies and cost reductions, a $7 million decrease in depreciation and amortization, and a $5 million favorable impact from foreign currency changes, partially offset by a $22 million negative impact from under recovery of higher cost of goods sold, and a $7 million negative impact from lower base volumes, and a $3 million increase in business integration expenses. Click Read More below for additional information.