Caraustar Announces a Minimum 7.0% Price Increase on all Paper Tube and Core Products

Huhtamaki is separating the Fiber Foodservice Europe-Asia-Oceania business segment into two distinct business segments, Fiber Packaging and Foodservice Europe-Asia-Oceania. The change is expected to take effect as of April 1, 2025, at the latest. “We are separating our Fiber Foodservice business into two distinct business segments to empower our teams to serve our customers more efficiently. This strategic move positions us for profitable growth by giving accountability to the businesses and increasing speed of execution in a changing business landscape. It will support our goal of being the first choice in sustainable packaging", says Ralf K. Wunderlich, President and CEO of Huhtamaki. The business segments were integrated in 2020. In external reporting the businesses have continued to be reported separately, and this change will not impact external reporting.​ Combining the businesses in 2020 has achieved the initially projected synergies and built foundations for growth by seizing promising market opportunities.

Packaging Corporation of America spent more time than anticipated getting two mills up to speed following its $1.8 billion acquisition of Greif’s containerboard business in September. Overview: Packaging Corporation of America’s corrugated sales volumes were “largely on plan and continued to reflect the cautious ordering patterns we’ve seen most of the year,” said CEO Mark Kowlzan during Thursday’s third-quarter earnings call. The company ran production to demand and year over year produced 38,000 fewer tons in Q3, he said.  Greif acquisition: PCA completed its $1.8 billion acquisition of Greif’s containerboard business on Sept. 2. “I’m feeling very bullish on what we’ve seen just in a month and a half,” Kowlzan said. PCA is working to integrate Greif’s operations, and so far “the culture is highly compatible,” Outlook: PCA expects Q4 corrugated shipments to be higher than in Q3. The company also expects sales of containerboard to be higher, but still relatively low in comparison to traditional fourth-quarter volumes. The company will adjust output to work down inventories, Kowlzan said. PCA expects to incur acquisition and integration costs related to the Greif deal in Q4, as well as charges related to closing the corrugated products facilities.

Pharmaceutical product packaging accounts for a large part of manufacturers’ Scope 3 emissions, which consider, for example raw material production, manufacturing, and end-of-life disposal. According to Metsä Board studies, fresh fibre paperboard can notably reduce the carbon footprint of pharmaceutical packaging by optimising the paperboard in use. Assessments* conducted by Metsä Board demonstrate the significant carbon footprint reductions that pharmaceutical manufacturers can achieve by switching from commonly used grades to Metsä Board fresh fibre paperboards. The lower carbon footprint of Metsä Board’s folding boxboards, compared to the above mentioned boards, is due to the use of fossil free energy in their production and their lighter weight. However, despite the lighter weight, Metsä Board’s folding boxboards still retain the durability and functional properties of traditional heavier grades.