- 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 of $1.38 billion, down 3% as reported; down 1% constant currency Net earnings of $94 million, down 18% Earnings per share (Diluted) of $0.65, down 16% Cash flow from operations (year to date) use of $7 million Cash flow from operations includes the impact of the $175 million tax deposit
Tredegar Corporation announced that it has completed the previously announced sale of its personal care films (“Personal Care Films”) business to affiliates of Fitesa S.A. Commenting on the sale, John Steitz, Tredegar’s president and chief executive officer said, “We believe that in combination with Fitesa, a worldwide leader in nonwoven fabrics, Tredegar’s former personal care business will have improved opportunities for growth.” Cash proceeds from the sale net of transaction costs, purchase price adjustments and transition services are estimated at $45 to $50 million. Net cash income tax costs or benefits relating to the transaction are expected to be negligible. The transaction excludes the packaging film lines and related operations located at the Pottsville, Pennsylvania manufacturing site (“Pottsville Packaging”), which will now be reported within the Surface Protection component of PE Films.
In response to rising demand for recyclable packaging that performs under pressure, Billerud introduces two new cartonboard grades: CrownBoard Carry and CrownBoard Light. Designed for strength and moisture resistance, the new packaging materials expand the CrownBoard portfolio and support brand owners in meeting both performance and sustainability goals.
Like all CrownBoard products, the new grades are made from fresh fibers and designed for easy recycling in existing streams. By avoiding wet-strength additives, they align with upcoming EU regulations that will require packaging to be fully recyclable by 2030.
“Brand owners and converters are looking for packaging materials that help them reduce carbon footprints, lower EPR fees and meet future recycling regulations. And this is where our new CrownBoard grades really shine” says Niki Jennische, Senior Director Product Management Cartonboard at Billerud.