Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023.
https://www.storaenso.com/en/newsroom/regulatory-and-investor-releases/2022/12/stora-enso-received-approval-for-the-acquisition-of-de-jong-packaging-group
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Stora Enso's innovative cartonboard solutions are transforming the packaging landscape and helping our customers reduce plastics in their products. Hinojosa Packaging Galería Gráfica sought cartonboard that would mirror their customer’s sophisticated perfume with elevated and extraordinary packaging. By choosing Performa Brilliance™ as the packaging material, Hinojosa Packaging Galería Gráfica was able to create an elegant packaging solution perfectly fit for the product. As a testament to this successful collaboration, Stora Enso and Hinojosa Packaging Galería Gráfica were awarded Carton of the Year at the 2024 European Carton Excellence Awards. The European Carton Excellence Awards winner, the Origen Flor Natural cardboard case exemplifies sophisticated design by seamlessly blending elegant die-cutting with unmatched functionality -combining some of the innovative aspects that Stora Enso boards can offer. With Stora Enso material that is designed for high-end packaging applications, each carefully crafted detail enhances the unique consumer experience, reflecting the impeccable quality of the packaging.
Neenah, Inc. announced a versatile paper-based medical packaging capable of withstanding all three widely used sterilization processes, including radiation, autoclave, and ethylene oxide. This innovative product allows customers to serve multiple markets and explore new opportunities by providing a unique alternative to polymer-based or kraft medical packaging traditionally used for nasal swabs, syringes, bandages, and other single-use applications. "By adding a radiation-resistant product to our medical packaging lineup, Neenah continues to lead the industry in offering the most advanced paper-based options available. We are thrilled to introduce a versatile paper-based medical packaging that is durable, dependable, and value-driven," says Valerie Henderson, Medical Packaging Product Marketing Manager, Neenah Industrial Solutions. Single-use medical devices are gaining popularity as they help lower costs, increase efficiency, and reduce the spread of infection. Gamma radiation is becoming a more commonly used form of sterilization technology for these devices as it quickly kills germs that can cause disease and neutralizes other harmful organisms. It is essential to the radiation sterilization process that the packaging has breathable barrier properties, excellent conformability, printability, and the ability to withstand radiation exposure to prevent risks to patients.
Fourth Quarter Highlights *Net sales of $3.4 billion *Operating income of $336 million; Operating EBITDA of $539 million, a 9% increase *Earnings per share of $1.85; record adjusted earnings per share of $2.19, an 18% increase. Fiscal Year Highlights: *Record net sales of $14.5 billion, a 10% increase *Operating income of $1.2 billion; Operating EBITDA of $2.1 billion *Cash flow from operations of $1.56 billion; free cash flow of $876 million, +$125 million above guidance