In September 2024, the forest industry export value amounted to Euro 0.97 billion, which was 2% less than the previous year’s monthly average in real terms.
Packaging Paper & Board
Prices for corrugated paper increased 1.6%.
Up to 90-day layoffs could affect 1,100 employees across seven mills
An increase of 10% or more over current prices will be applied to all consignments shipped from January 1, 2025.
The project aims to increase the production of containerboard with basis weights of 115 to 195 g/m² by around 19 percent to 128,000 tons of saleable paper per year, improve overall machine efficiency and reduce steam consumption.
Toscotec replaced PM5’s existing long shaft drive system with a silent drive system in the entire dryer section.
The operating rate for unbleached packaging papers was 85.3%, up 2.9 points from October 2023 and up 5.8 points year-to-date.
Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively.
At Euro 1,024.9 million, consolidated sales in the Q3 2024 exceeded both the figure for the Q2 2024 (Euro 1,018.9 million) and the previous year's level (Q3 2023: Euro 1,015.1 million).
Mszczonów plant near Warsaw doubles its capacity, making it the largest corrugated solutions plant in Poland, and one of the biggest in Europe.
Petteri Kalela will assume his position no later than June 1, 2025. Kalela succeeds Mats Nordlander, who will leave SCA at the turn of the year.
The upgraded Simpele mill is expected to start up in the Q4 2025.
EBITDA was down from Euro 22.9 million to Euro 7.4 million, mainly due to the drop in EBITDA from the Paper activity as a result of the regulatory shutdown in March and a longer-than-expected restart.
EBITDA was negative $17.5 million, versus $13.0 million in the Q3 2023, essentially due to an asset impairment charge. Adjusted EBITDA amounted to $7.9 million, compared to $11.7 million for the same period last year.
The price of corrugated paper rose by 1.2%.
Generated productivity improvements of $39 million during the Q3 2024 and $141 million during the rst nine months of 2024.
Once operational, paper machine 3 (PM3) will have an estimated annual capacity of 450,000 metric tons. New line is significant for Italy’s paper production industry as it will almost double production capacity on site and support lightweighting of packaging solutions.
Q3 2024 net earnings were $150 million ($0.42 per diluted share).
The changes will combine its containerboard and specialty products (SPG) activities into a single operational unit. These changes will take effect on November 11.