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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ProAmpac announced the acquisition of UP Paper, a leading producer of recycled kraft paper. Terms of the transaction were not disclosed. “The UP Paper team has done an incredible job building this great business. We look forward to building on their existing relationships and production expertise to serve our customer base with a broader suite of sustainable packaging products,” said Greg Tucker, Founder, Vice Chairman and Chief Executive Officer of ProAmpac.
Smurfit Westrock invested approximately US $3.5 million in social and environmental initiatives in Colombia in 2024, reinforcing its commitment to the sustainable development of the communities where it operates. The initiatives, which positively impacted 21,800 people in more than 30 municipalities, were in areas including education, income generation and environmental management. Managed by the Smurfit Westrock Colombia Foundation, which was established in 1962, alongside the forestry division, the company has fostered deep roots within the community. Early childhood development has been one of the cornerstones of the initiatives with the Foundation’s child development center, El Caracolí, providing care for over 590 vulnerable children in Yumbo. Secondary level education also receives strong support with over 580 students attending the company’s agricultural and forestry technical institute (ITAF) school in 2024. The school, which specializes in rural education, teaches students from the Cajibío and El Tambo municipalities (Cauca) and Calima Darién (Valle del Cauca) and has above-average scores in Saber tests. To date, over 1500 students have graduated from ITAF and 40% of them have been employed in local industrial and agricultural sectors.
Net sales for the fourth quarter of 2023 were $1.3 billion, a decrease of $115.3 million, or 8%, as compared to the same period in the prior year predominantly as a result of lower volumes. Income before interest and income taxes (EBIT) for the fourth quarter of 2023 was $126.1 million, an increase of $45.0 million as compared to $81.1 million for the fourth quarter of 2022 principally due to $66.6 million of rationalization charges in the prior year period.