Verso Corporation's net sales for the 2Q 2020 decreased by 55.5% to $268 million, compared to the 2Q 2019, as a result of significant declines in sales volume and unfavorable price/mix. Net sales for the first half of 2020 decreased $502 million compared to the first half of 2019.
Graphic Packaging Holding Company announced that International Paper has notified the сompany of its intent to continue the monetization process of its ownership interest in Graphic Packaging International Partners, LLC.
Cascades' 2Q 2020 sales of $1,285 million grew by $10 million, or 1%, compared with the same period last year. For the 3-month periods ended June 30, 2020, the Corporation posted net earnings of $54 million, or $0.57 per share, compared to net earnings of $31 million, or $0.33 per share, in the same period of 2019.
Central National Gottesman Inc. announced that its Kelly/Spicers division has acquired Northern California-based American Packaging, further expanding its packaging business throughout the Western U.S.
Rayonier Advanced Materials Inc. reported a loss from continuing operations for the 2Q ended June 27, 2020 of $13 million or $0.20 per diluted share, compared to a loss of $19 million or $0.46 per diluted share for the same prior year quarter.
International technology Group Andritz has received an order from AO Knauf Petroboard to install a new reeling section for the KM2 board machine at its mill in Kommunar, Russia. Start-up is scheduled for 2021.
Smurfit Kappa has been chosen to participate in an innovative energy research project on renewable energy storage. The HYFLEXPOWER project will see Smurfit Kappa’s Saillat Paper Mill in France become the first plant in the world to introduce an integrated hydrogen gas turbine demonstrator.
DS Smith has produced a 100% recyclable cooler, using its proprietary Greencoat corrugated material that’s moisture-resistant and food-contact safe.
Sonoco has acquired Can Packaging, a privately owned designer and manufacturer of sustainable paper packaging and related manufacturing equipment, based in Habsheim, France, for total consideration of Euro 41.7 million, or approximately $49 million.
Saica Group is establishing its first North American facility near Cincinnati, Ohio. The company plans to build a state-of-the-art factory and expects to invest nearly $72 million once construction of the corrugated plant is complete. The construction is expected to start in September 2020 and take eighteen months to f...
Ahlstrom-Munksjö announces a further investment in its Binzhou plant to be able to produce abrasive backing papers locally in China. The investment project, involving an upgrade of an existing machine on site, will start in 1Q 2021 and is expected to be completed in the second half of 2021.
Two Sides, the paper advocacy group that promotes the sustainable and attractive attributes of print, paper and paper packaging has extended its reach and launched the campaign in Latin America.
International Paper's 2Q 2020 net earnings (loss) were $266 million ($0.67 per diluted share), compared with $(141) million ($(0.36) per diluted share) in the 1Q 2020 and $292 million ($0.73 per diluted share) in the 2Q 2019. 2Q 2020 net sales were $4,866 million, compared to $ 5,667 million in the 2Q 2019.
Ilim Group is finalizing its environmental project worth $91 million that involves construction of a new Evaporation Plant (EVAP 8) with the highest capacity in Russia at Ilim's Mill in Bratsk, Russia. Construction of EVAP 8 has been underway for three years (since 2017) and is scheduled to be completed in August 2020.
Packaging Corporation of America reported 2Q 2020 net income of $57 million, or $0.59 per share, and net income of $132 million, or $1.38 per share, excluding special items. 2Q net sales were $1.54 billion in 2020 and $1.76 billion in 2019.
Cascades' Etobicoke Containerboard Packaging operations will permanently close no later than August 31, 2021, and the property will be put up for sale. Over the coming weeks and months, Cascades will work to minimize the impact of this announcement on the 125 employees related to this facility.
At the end of this year, Arkhbum plans to start commissioning of the corrugator and in the 1Q 2021, two converting lines will be launched, which will produce the so-called American boxes and complex die-cut products – trays.
Mondi Paper Bags has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will increase Mondi’s capacity by approximately 60-80 million bags annually.
BillerudKorsnas' net sales for the 2Q 2020 declined by 2% to SEK 6 156 million ($702 million), compared to SEK 6 293 million ($717 million) in the 2Q 2019. 2Q net profit was SEK 202 million ($23 million), compared to SEK 182 million ($20.7 million) in the 2Q 2019.
Metsä Board announces that its paperboards have now achieved DIN CERTCO certificates in industrial compostability complying with DIN EN 13432 and ASTM D6400 standards.