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...
Packaging Corporation of America reported 2Q 2021 net income of $207 million, or $2.17 per share, and net income of $207 million, or $2.17 per share, excluding special items. 2Q 2021 net sales were $1.9 billion in 2021 and $1.5 billion in 2020.
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.
Smurfit Kappa agrees to acquire state of the art 600,000 tonne recycled containerboard mill in Northern Italy, for a cash consideration of Euro 360 million.
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.
Sappi Europe announces a price increase for all its paperboard and containerboard grades by 8 – 12% valid for deliveries from 1 September 2021.
Metsä Board increases annual folding boxboard production capacity by 200,000 tonnes in Husum mill in Sweden. The investment value is approximately Euro 210 million, divided in 2021–2024 and mainly in 2022–2023.
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.
Koehler invests in the European Circular Bioeconomy Fund (ECBF) Euro 5 million, with a focus on advancing new technologies and business models in view of expanding the circular economy and bioeconomy.
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.
Teija Sarajärvi, Executive Vice President, Human Resources and Safety, and a member of Huhtamaki Global Executive Team, has decided to leave Huhtamaki in order to pursue another career opportunity.
U.S. packaging papers & specialty packaging shipments in June 2021 increased 3% compared to June 2020. They were up two percent when compared to the same six months of 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.
Stora Enso and Tetra Pak join forces to triple the recycling capacity of beverage cartons in Poland. Stora Enso will invest Euro 17 million into a new repulping line that will recover the carton fibers. Tetra Pak along with Plastigram will invest a total of Euro 12.1 million to build an additional line.
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.
De Jong Packaging Group announces the proposed acquisition of the De Hoop paper mill in The Netherlands from DS Smith plc. The mill produces 370,000 tonnes of recycled paper per annum and is located in Eerbeek.
Segezha Group, a leading Russian vertically integrated fiber-based packaging solutions and forest products company, has commenced a major investment project in Romania. The total investment under the project will be approximately Euro 10 million.