- Regulations and consumer demand are accelerating the shift to recyclable and compostable fiber packaging.
- Manufacturers are adopting advanced software, IoT, and cloud systems to optimize production and reduce waste.
- New solutions include molded fiber formats, recyclable coatings, direct food contact inks, and high-performance renewable boards.
Industry moves to fiber-based solutions as recyclability and consumer demands rise
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*Net sales in Q4 of $1.4 billion, down 2% as reported; flat constant currency and in 2023 of $5.5 billion, down 3% as reported; down 1% constant currency *Net earnings in Q4 of $125 million, up 32%, and in 2023 of $339 million, down 31%. *Earnings per share (Diluted) in Q4 of $0.86, up 32%, and in 2023 of $2.34, down 30%. *Cash flow from operations of $516 million in 2023.
Packaging Corporation of America is closing multiple manufacturing sites before year’s end, the company revealed in Worker Adjustment and Retraining Notification (WARN) notices this month.
PCA is closing a full-line plant in Allentown, Pennsylvania, come Dec. 1, impacting 60 employees.
Weeks later, come Dec. 19, PCA plans to shutter a full-line plant in Salisbury, North Carolina, affecting 108 workers, the company informed the state on Oct. 3.
PCA could not be reached for comment about reasons for the latest closures.
These announcements follow PCA’s closure of a corrugated plant in Georgia at the start of this year.
The American Forest & Paper Association (AF&PA) released its Q1 2024 Boxboard report. According to the report, total boxboard production in Q1 decreased 2% compared to Q1 2023. The boxboard operating rate in Q1 2024 was 89.2%, up 1.3 points from the same quarter last year. *Solid Bl. Folding - Domestic production increased 3% compared to Q1 2023. *Solid Bleached Boxboard unmade orders were up 22% compared to the end of the previous quarter and decreased 14% compared to March 2023. *Uncoated Recycled Boxboard production remained essentially flat (-0.3%) compared to Q1 2023.