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

Metsä Board has on 1 December 2020 signed an agreement to sell a 30 percent stake in its Husum pulp mill in Sweden. The buyer is the Swedish forest owners’ cooperative (ekonomisk förening) Norra Skog, with whom Metsä Forest Sverige, responsible for Metsä Board’s wood procurement in Sweden, has simultaneously entered into a long-term wood supply agreement. The amendment to the environmental permit for the Husum mill has been approved, and Metsä Board has made the final investment decision on the first phase of the pulp mill renewal. The first phase of the investment includes a new recovery boiler and turbine and its total value is approximately EUR 320 million. Expected start-up for the new recovery boiler and turbine will be in H1 2022. The valuation of the Husum pulp mill (enterprise value) to be applied in the transaction at the time of closing is approximately EUR 875 million, including the completion of the ongoing recovery boiler and turbine investment. The valuation corresponds to a value of approximately EUR 1.2 billion after the completion of the second phase of the pulp mill renewal, i.e. the new fibre line. The transaction will decrease Metsä Board’s net debt by approximately EUR 260 million at the time of closing, and additionally reduce Metsä Board’s financial contribution in the second phase of the pulp mill renewal by approximately EUR 100 million. The closing of the transaction is expected to be in January 2021.

According to FANUC, an industrial robotics manufacturer, there are approximately 1.9 jobs per unemployed worker in the United States. Why? Well, e-commerce is still creating strong labor demand across all areas of the supply chain. To add to that, U.S. businesses are reshoring their sourcing to domestic suppliers in hopes of combating the long overseas lead times; all of which means the creation of even more job openings across North America. Pregis attended Automate in Detroit, MI last week, and returned with a wealth of innovation trends that are adding value within the fulfillment centers of so many industries – from third-party logistics to retail. Timely Takeaways from the Event: 1. Picking and packing goes autonomous: The days of workers wearing out the warehouse floor as they transport goods from inventory to the packing area are numbered. Robotics manufacturers, such as Fetch (now owned by Zebra technologies), are now offering automated guided vehicles (AGVs) and automated mobile robots (AMRs) that autonomously transport goods from storage to pack stations. 2. Machine vision & artificial intelligence: Software and hardware capabilities within the optics space are beginning to reach sci-fi levels. 3. [Insert technology] as a service: Software-as-a-service (SaaS) has been around for a while, but now, technology companies are leveraging this business model for varying forms of technology – one of which is robotics. 4. The rise of integration: As businesses increasingly adopt autonomous equipment, internet-of-things (IoT), and warehouse management systems (WMS), integrators are emerging as key partners.

Containerboard production was up 0.7 percent compared to April 2017 and up 0.7 percent year-to-date. The month-over-month average daily production compared to March 2018 was 0.5 percent lower. The containerboard operating rate was 98.3 percent, 2.5 percentage points higher than the same month last year. Production for exports was 3.0 percent lower than April 2017 and 5.8 percent lower year-to-date.