Doubling tariffs on metals imports risks unintended consequences throughout the packaging supply chain, according to the Can Manufacturers Institute and the Aluminum Association.
Packaging manufacturers worried by 50% tariffs on steel, aluminum | Packaging Dive
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The project consists of building a state-of-the-art recovery boiler by 2020 and a new steam turbine by 2022. This equipment will reinforce the industry-leading position that Smurfit Kappa Nettingsdorf currently holds, by virtue of having the lowest energy consumption in the paper industry. The new boiler will produce energy out of biomass, reducing CO₂ emissions at the Nettingsdorf mill by 40,000 tonnes, which represents a 1.5% reduction in Smurfit Kappa Group’s total CO₂ emissions. Smurfit Kappa recently announced in its 2016 Sustainability Development Report that it has already cut CO₂ emissions by 23%, well on the way to meeting its 2020 target of 25%. Click Read More below for additional detail.
JANUARY–JUNE 2022 (compared to 1–6/2021) *Sales were EUR 1,232.5 million (1,049.5). *The comparable operating result was EUR 267.4 million (191.3), or 21.7% (18.2) of sales. Operating result was EUR 283.3 million (185.6). *Comparable earnings per share were EUR 0.57 (0.42), and earnings per share were EUR 0.61 (0.41). *Comparable return on capital employed was 23.0% (19.3). *Net cash flow from operations was EUR 95.3 million (150.7).
Smurfit Kappa is continuing to use digital print with remarkable effect in the corrugated packaging industry. The packaging leader has ramped up its capabilities by installing eight HP Scitex corrugated presses across its European sites. The new printers facilitate brilliant graphics which make display and promotional packaging come alive. They are also capable of short runs to meet the increasing demand for reduced turnaround times from brands. Smurfit Kappa has installed Scitex HDR technology corrugated presses – the HP Scitex 11000, HP Scitex 15500, and HP Scitex 17000 – in sites in Belgium, Denmark, France, Portugal, Poland and the UK with additional installations scheduled for sites in the UK and the Netherlands. Click Read More below for additional information.