Total Packaging Papers shipments were up 3.0 percent compared to May 2017 but down 0.2 percent year-to-date. Bag & Sack shipments were essentially flat year-to-date, Multiwall shipments were down 3.3 percent, Converting shipments were down 0.4 percent and Food Wrapping shipments were up 3.5 percent. The operating rate for May increased to 94.5 percent from 92.9 percent in April. Inventories were down 3.6 percent since April.
http://afandpa.org/media/news/2018/06/15/american-forest-paper-association-releases-may-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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Green Bay Packaging Inc. (GBP) announced they will begin construction of a new 600,000 square foot corrugator plant in Fort Worth, Texas. Construction on the site is set to begin in the first quarter of 2022 and startup operation is scheduled for the second quarter of 2023. The new “super-plant” will be replacing GBP’s current 200,000 square foot corrugator plant in Fort Worth. GBP has operated a plant in Fort Worth for over 50 years. The new plant will be equipped with a new 110” Fosber corrugator and all new state-of-the-art high-speed flexo folder gluers and rotary die cutters.
The Group’s consolidated sales totaled EUR 1,749.1 million and were thus 2.1 %, or EUR 35.3 million above the previous year’s value (1-3Q 2016: EUR 1,713.8 million). Both divisions contributed to the slight increase. With EUR 158.9 million, operating profit reached the previous year’s level (1-3Q 2016: EUR 160.2 million). The Group’s operating margin thus remained stable at 9.1 % (1-3Q 2016: 9.3 %). At EUR 113.3 million, the profit for the period almost reached the previous year’s figure (1-3Q 2016: EUR 115.5 million). Click Read More below for additional information.
BillerudKorsnäs launches Pure Performance, a White Top Kraftliner that combines high strength, excellent printability and purity in one material. Pure Performance is a unique paper product that offer packaging material reduction thanks to its 3-ply construction. Pure Performance is one of the first products from the world´s most modern board machine KM7 at BillerudKorsnäs and has received great appreciation among customers within the corrugating industry. Pure Performance offers extraordinary strength thanks to a 3-ply construction with optimized fiber properties: *The top ply contains well distributed short white fibers optimized for excellent printability. *The bottom ply has unbleached long fibers for highest strength. *The middle ply is used to create bulk in order to maximize stiffness and minimize washboarding.