Graphic Packaging Holding Company reported Net Income for third quarter 2017 of $47.3 million, or $0.15 per share, based on 310.9 million weighted average diluted shares. This compares to third quarter 2016 Net Income of $57.8 million, or $0.18 per share, based on 320.4 million weighted average diluted shares. Net Sales increased 3.1% to $1,137.6 million in the third quarter of 2017, compared to $1,103.7 million in the prior year period. When comparing against the prior year quarter, net sales were positively impacted by $29.7 million of improved volume/mix related to an acquisition and modestly positive core volumes, and $7.8 million of favorable foreign exchange. These benefits were partially offset by $3.6 million of lower pricing. Click Read More below for additional information.

The international packaging design competition Better with Less – Design Challenge, organised by Metsä Board was created to find new environmentally-friendly and functional packaging solutions for some of the world’s most frequently used and fastest growing types of consumer packages. The competition was launched in November and by the time it closed at the end of March 2018 there had been an impressive 302 design concepts entered from 38 different countries. The competition jury included several renowned packaging design experts who now have selected the following ten finalists: Janne Asikainen - Koepala Cup Pocket™; Jeroen Caelen - Plastic banning toilet roll; Abdullah Cam - Moisture Face Creme Cosmetic Package; Insik Chung - ECO cake tray; Alessandro Grossi - Playing nature; Gerlinde Gruber - Fune - Sushi take-away; Sī Míng Guì - A scarf which can be turned into a hanger; Yukihiro Hozumi - Paperboard pocket tissue case; Pawel Krawczugo - Twist; Iiro Numminen - Stretching inner part. Click Read More below for additional information.

The Mayr-Melnhof Group (MM) has completed the acquisition of the Kwidzyn plant, Poland, agreed in mid-February 2021, with the approval of all relevant competition authorities. The acquisition of Kwidzyn is part of MM's strategy to grow high-quality virgin fiber board (FBB) with innovative, sustainable and cost-efficient grades. In addition, MM diversifies the product portfolio by integrating an attractive pulp and paper production with a focus on uncoated fine paper (UWF) and packaging kraft papers. In line with the expanded product range, the MM Karton division is renamed MM Board & Paper. "I am pleased that we are entering two new core businesses with uncoated fine paper and packaging kraft paper. MM Kwidzyn will drive our innovations for more sustainable packaging solutions in the growing virgin fiber board market and also create attractive new perspectives through the integration of pulp and paper at a European location with cost advantages. We look forward to a successful collaboration with our new colleagues, ”comments Peter Oswald, CEO of the MM Group.