Containerboard production was up 1.5 percent compared to May 2017 and up 0.8 percent year-to-date. The month-over-month average daily production compared to April 2018 was 1.5 percent higher. The containerboard operating rate was 98.5 percent, 1.4 percentage points higher than the same month last year. Production for export was 3.6 percent lower than May 2017 and 5.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-containerboard-report
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ePac Flexible Packaging, the industry leader in quick turn, short and medium run-length flexible packaging, has announced it will accelerate its growth and transition to a global enterprise over the next 18 months. Eleven new sales and manufacturing locations will be established across Europe, Asia Pacific, Middle East/North Africa, and North America bringing ePac’s global footprint to 36 locations. In Europe, a second plant will be added in each of the UK, France, and Poland. In Austria, ePac Innsbruck will open in Q4 2022, along with a new site(s) to serve the Netherlands and the Scandinavian countries. In the Asia Pacific region, second plants will be added in Indonesia and Australia, and a new operation will start up in Malaysia. The company also plans to establish an Asia-based Global Services group to manage operations in the region. In the Middle East/North Africa region, ePac West Africa in Ghana will open in Q4 of this year, while evaluations of new sites in Kenya and Turkey are underway. Finally, in North America, previously announced ePac Montreal is planned to open in early 2023, along with 3 additional plants in the US.
In an innovative step towards a circular economy and as a result of close collaboration, Tetra Pak and Schoeller Allibert will launch a new transport crate made of polyAl from used beverage cartons at the Plastics Recycling Show in Amsterdam from 1 to 2 April 2025. Schoeller Allibert is a leading global manufacturer of returnable transport packaging solutions. By integrating up to 50% polyAl from used beverage cartons with raw materials from other recycled streams (without using any virgin materials), Schoeller Allibert has developed warehouse crates and other reusable logistics packaging that meet high industry standards for performance and durability, offering a more sustainable and cost-competitive alternative to conventional offerings. The crates are currently undergoing rigorous quality and durability field tests. Once validated, Tetra Pak will gradually replace over 50,000 crates used at its global spare parts distribution centre in Lund, Sweden.
*GAAP: Net sales of $3.2 billion; Operating income of $267 million; Earnings per share of $1.18 *Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.90 *Returned $115 million to shareholders in the quarter ($83 million via share repurchases and $32 million in dividends)