Lecta expands its EraCup Range: a new era of responsibility for paper cups

Total packaging papers & specialty packaging shipments in May decreased 7% compared to May 2024. They were down 4% when compared to the same 5 months of 2024. The operating rate for bleached packaging papers was 73.1%, up 1.6 points from May 2024 and essentially flat (-0.4 pts.) year-to-date. Shipments of the biggest subgrade in unbleached packaging papers – bag & sack – were 97,500 short tons for the month of May, down 11.1% from the same month last year, and down 9.7% year-to-date.

Tork announced a new compressed hand towel option for the Tork Xpress® Multifold hand towel system that is 50% compressed1, enabling dispensers to hold twice as many towels to serve twice as many customers before requiring a refill2. Businesses benefit from reduced storage needs and spending less time maintaining their facilities. In the manufacturing process, unique compression technology reduces the amount of air in the hand towel bundle, effectively compacting the towel bundles and resulting in reduced packaging material by up to 27%1. Transport vehicles can then fit almost twice as many compressed towel bundles4 per truck, contributing to reduced carbon emissions. Businesses can also store double the amount of paper towels, optimizing the capacity of both their storage and existing Tork Xpress hand towel dispensers. Compressed towels offer the same quality Tork customers are accustomed to.

The Mayr-Melnhof Group ("MM") and a subsidiary of Oaktree Capital Management, LP's advisory funds have reached a firm memorandum of understanding to transfer MM's virgin fiber board plants in Eerbeek, the Netherlands, and Baiersbronn, Germany, to Oaktree an equity value of EUR 104.6 million plus net debt according to the final invoice. Eerbeek and Baiersbronn together have an annual capacity of around 245kt virgin fiber board (FBB), which is produced on two board machines, and employ around 400 people. Sales in 2020 reached EUR 195 million. The sale corresponds to and is part of MM's strategy to focus on new acquisitions and growth investments.