Containerboard production was up 3.5 percent compared to March 2017 and up 0.5 percent year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher. The containerboard operating rate was 97.4 percent or 0.7 percentage points higher than the same month last year. Production for exports was 3.3 percent lower than March 2017 and 6.7 percent lower year-to-date.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-containerboard-report
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Sonoco announced it will raise the price for all paperboard tubes and cores by a minimum of 8 percent, effective with shipments in the United States and Canada, on or after September 10, 2021. “Significant market tightness and additional inflationary cost pressures to our primary raw materials (uncoated recycled paperboard and adhesives) make this increase necessary,” said Doug Schwartz, Division Vice President and General Manager, North America Tubes and Cores. “Despite these market and supply chain challenges, we remain committed to maintaining the quality and service that our customers have become accustomed to when working with Sonoco.”
Second Quarter Financial Highlights: *Net income of $149.8 million compared to net income of $11.4 million. *Net cash provided by operating activities increased by $52.5 million to a source of $152.3 million. *Total debt decreased by $368.9 million to $2,313.4 million. Strategic Actions and Announcements: *Completed the sale of approximately 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company for approximately $149.0 million in cash. *Achieved record Intermediate Bulk Container (IBC) volume, reflecting strong market demand. *Published Greif's 12th consecutive sustainability report highlighting the Company's commitments to environmental, social and governance (ESG) principles and key metrics.
Living in the Bioeconomy is the title of the two-day conference Sweden is organizing during the Presidency of EU. Today, Billerud’s President and CEO Christoph Michalski spoke about the role of fibre-based packaging in the needed green transition. The conclusion is that material and design of package matters. The bioeconomy is an important part of the circular economy. Fiber-based packaging is recycled, and the fiber is reused again and again until the quality of the fiber has become so low that it no longer can be used. Then it returns to carbon dioxide and the natural carbon cycle is closed. This contrasts the fossil economy. Billerud replaces fossil-based materials with renewable and recyclable materials. Recycled content contributes to the sustainability of paper-based packaging and to a more sustainable, circular economy. “I would also like to stress the importance of food safety. Protecting food and reducing food waste have a greater impact than the actual climate impact of producing the package”, says Christoph Michalski.