BillerudKorsnäs joins forces with Syntegon Technology to launch Recyclable Flow Wrap, a paper based packaging solution that enables a shift from conventional plastic to renewable and recyclable materials. Flow wrap is a type of flexible packaging used for many products in the fast moving consumer goods (FMCG) sector and today plastic film flow wrap is standard for FMCG. BillerudKorsnäs Recyclable Flow Wrap is an innovative paper packaging solution, based on primary fibres from well-managed forests and with high barrier performance that can be recycled as paper.

International Paper Company is pleased to provide an update on its possible offer for DS Smith plc, pursuant to which International Paper would acquire the entire issued and to be issued share capital of DS Smith. International Paper confirms that significant progress has been made in reciprocal due diligence as facilitated by the DS Smith Board and Management, and that it is now in a position to provide shareholders with more detail on the type and quantum of synergies it believes would arise from the Combination. Corrugated packaging solutions is a core component of DS Smith's business. Due diligence has confirmed International Paper's belief that the Combination will significantly strengthen the combined packaging business and customer offerings – with packaging representing 84% of International Paper's current sales, approximately $1.5 billion (£1.2 billion1) of which is driven from European sales.

Norske Skog announced that the start-up of the rebuilt PM 1 at its Golbey mill in France will we delayed and has been again postponed from Q2 2024 to the second half of next year due to delivery delays. In addition, the net investment amount for the conversion project will increase from €265m to €300m, primarily due to increased purchase prices for goods and services as well as somewhat delayed deliveries of equipment. In July this year, the company had postponed the start-up to Q2 2024 in order to align it with the commissioning of the new biomass boiler. The Golbey project is to convert PM 1 from newsprint to recycled containerboard production. The rebuilt paper machine will have an output capacity of 550,000 tpy, and Norske Skog expects the machine to run at 95 per cent of full capacity within two to three years after start-up. PM 1 formerly produced up to 250,000 tpy of newsprint and was stopped in the fourth quarter of 2022 to commence the rebuild.