More brands are shifting to paper packaging — but not without challenges. Paper packaging is taking on new frontiers. Maybe you’ve seen paper across new formats such as dog food canisters, vitamin mix containers or even staples in your liquor cabinet. Consumers love paper packaging for its perceived environmental benefits, recyclability and renewability. They’re even wondering: Why can’t all my packaging come in paper?
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Net sales for the third quarter were a record $1.32 billion, an increase of $115.9 million, or 9.6 percent, from last year’s quarter. The improvement in sales was a result of higher selling prices, largely driven by rising raw material prices; sales added from acquisitions, net of divestitures; and the positive impact of foreign exchange. Gross profits were a record $250.9 million in the third quarter, an increase of $15.5 million or 6.6 percent, compared with $235.4 million in the same period in 2016. Gross profit as a percentage of sales declined to 18.9 percent, compared with 19.5 percent in the same period in 2016. The gross profit percentage reduction was primarily due to higher raw material and other operating costs offset by manufacturing and procurement productivity. Third-quarter selling, general and administrative expenses increased $8.7 million from the prior year to $130.3 million. This increase was driven by wage inflation and acquisition-related expenses. Click Read More below for additional information.
Caraustar Industries, Inc. announced a price increase of $50 per ton on all uncoated recycled paperboard (URB) grades. The increase on the uncoated recycle board grades will be effective starting with shipments on July 9, 2018. The increase is in response to strong market dynamics and inflationary cost pressures in transportation, chemicals and other recycled paperboard input materials.
The new recovery boiler and turbine of the Husum pulp mill started up at the end of 2022. Thanks to the latest technology and processes the mill’s bio-based energy production will increase and the mill integrate’s electricity self-sufficiency will amount to over 80 per cent. The total value of the investment was approximately EUR 380 million. In the second phase of the renewal, to be decided and implemented later in the decade, the two current fibre lines would be replaced with one new line. An investment programme is also underway at the Husum mill to increase the annual production capacity of folding boxboard by around 200,000 tonnes. The investment is expected to be completed in the fourth quarter of 2023. Metsä Board Husum mill in Sweden is an integrated board and pulp mill producing folding boxboard, uncoated white kraftliner and bleached chemical pulp.