Packaging

The Mayr-Melnhof Group (MM) has completed the acquisition of Kotkamills, Finland, which was agreed in December 2020, after receiving approval from all relevant competition authorities. Mayr-Melnhof strengthens its position in virgin-fiber based cartonboard and innovative barrier cartonboard solutions for plastic replac...

Graphic Packaging Holding Company announces that net sales increased 8% to $1,737 million in 2Q 2021, compared to $1,611 million in the prior year period. The $126 million increase was driven by $76 million of improved volume/mix related to organic growth from conversions to fiber-based packaging solutions, $14 million...

Resolute Forest Products' 2Q 2021 sales were $1,140 million, an increase of $528 million from the year-ago period. Excluding special items, the company reported net income of $300 million, or $3.74 per diluted share, compared to a net loss of $22 million, or $0.25 per share, in the 2Q 2020.

BillerudKorsnäs is in a process with the aim of divesting the paper mill in Beetham, UK. Beetham produces kraft paper for packaging of medical equipment, food packaging and other types of industrial applications and has a capacity of around 45,000 tonnes per year.

Arkhangelsk PPM received an Integrated Environmental Permit (IEP). The document contains environmental protection requirements and standards to ensure an integrated reduction of the negative impact of production activities on the environment.

Earnings momentum was positive at Iberpapel in the first half of 2021: revenue amounted to Euro 106.42 million, up 21.6% year-on-year. EBITDA came to Euro 14.30 million and net profit reached Euro 7.10 million, up 67% from the full-year 2020 profit of Euro 4.24 million.

Sonoco's net sales for the 2Q 2021 were $1.38 billion, up 11% from last year's 2Q sales of $1.25 billion. GAAP net loss attributable to Sonoco in the 2Q 021 was $(334.1) million, or $(3.34) per diluted share, a decrease of $389.3 million, compared with income of $55.2 million, or $0.55 per diluted share, in 2020.

Runtech systems will supply a RunEco vacuum system rebuild to Kartonsan Karton Sanayi Ve Ticaret A.S. BM2 in Turkey. The delivery includes an EP600-T1 Turbo Blower with ABB frequency converter, EcoDrop water separator and EcoFlow dewatering measurement system.

U.S. containerboard production in June 2021 increased 9% compared to June 2020. It was up five percent when compared to the same six months of 2020. June 2021 production of containerboard for export decreased 15% compared to the same month last year; it was down 25% year-to-date.

Sappi Europe announces further price increases for speciality paper grades. The ongoing rise of raw material costs, particularly pulp, chemicals and energy in combination with extremely high freight rates due to global logistic constraints make further price adjustments unavoidable.