Mondi Group is proud to announce a three-year extension to its partnership with the UN World Food Programme (WFP), the world’s largest humanitarian organisation providing food assistance to those recovering from conflict, disasters and the impact of climate change. Over the past few years, Mondi’s technical expertise, R&D infrastructure, and financial contribution have supported WFP in improving and optimising packaging solutions to withstand difficult transport, storage and handling conditions in crisis-affected regions. Between 2024-2027, the partnership aims to find more sustainable alternatives to existing packaging materials, supporting WFP food manufacturers in working with sustainable fibre – both virgin and recycled, optimising material use, and enhancing packaging quality. These initiatives will support the fight against hunger by addressing packaging-related food losses across WFP operations. They will also contribute to global efforts to curb food loss and waste, which is vital considering every year one-fifth of food produced for human consumption is lost or wasted1.

Net sales in the third quarter increased to $2,468 million compared to $2,326 million in the third quarter of 2016, reflecting increased global beverage, food and aerosol can volumes, the pass through of higher raw material costs, and $38 million of favorable currency translation. Income from operations was $347 million in the third quarter of 2017. Segment income improved to $358 million in the quarter over the $333 million in the third quarter of 2016, including a benefit of $5 million from currency translation. Net income attributable to Crown Holdings in the third quarter was $177 million compared to $183 million in the third quarter of 2016. Reported diluted earnings per share were $1.32 in the third quarter of 2017 compared to $1.31 in the 2016 third quarter. Adjusted diluted earnings per share were $1.41 compared to $1.33 in the third quarter of 2016. Through September 30, the Company repurchased a total of 6.2 million shares of its common stock for $339 million, including 1.1 million shares for $62 million during the third quarter. Click Read More below for additional information.

HEINZEL GROUP continues its commitment to sustainable packaging papers with a major investment of around 140 million euros. Paper machine 11 (PM11) has been converted from publication paper production to corrugated base paper, making it one of the most advanced paper machines in Europe. With the successful conversion of PM10 in 2017 and the commissioning of PM11 in early April, the Laakirchen mill is strengthening its position as a high-performance producer of corrugated base paper made from 100% recycled fibers. The strategic decision to phase out publication paper and focus entirely on corrugated base paper ensures the long-term competitiveness of Heinzelpaper Laakirchen in Upper Austria. PM11 has the capacity to produce up to 470,000 tonnes of corrugated base paper annually, operating at a width of 8.9 metres and a speed of 1,600 metres per minute.