Smurfit Kappa invests over €30 million in Spain to further reduce CO2 emissions

Mars Food announced it will begin to use recyclable mono-polypropylene plastic (PP) for its microwavable rice pouches in 2021. The project will bring to market the industry’s first food-safe, mono-material microwavable rice pouch. Launching with an initial pilot in the first half of 2021, the business has ambitions to further scale the technology across its portfolio beginning at the back half of the year. The use of high performing mono-PP material will allow Mars Food to retain the shape, shelf life, functionality and high safety standards needed for its brands’ packaging, while ensuring pouches can be mechanically and chemically recycled where infrastructure exists, and designed for future recycling where it doesn’t yet. The breakthrough is a result of a three-year partnership between Mars Food and Amcor.

Amcor unveiled a product rebrand designed to give customers a clearer, holistic view of its growing portfolio of more sustainable packaging solutions. This significant marketing effort provides customers with greater visibility and transparency of Amcor’s extensive product portfolio that has grown over the years through innovation and strategic acquisitions. The redesign of Amcor’s innovative product portfolio highlights three key differentiating benefits for customers: the most advanced solutions in more sustainable packaging; product functionality and differentiated solutions for high growth market segments such as healthcare, dairy and protein; and performance characteristics across a wide range of material options.

Second Quarter Financial Highlights: *Net income of $149.8 million compared to net income of $11.4 million. *Net cash provided by operating activities increased by $52.5 million to a source of $152.3 million. *Total debt decreased by $368.9 million to $2,313.4 million. Strategic Actions and Announcements: *Completed the sale of approximately 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company for approximately $149.0 million in cash. *Achieved record Intermediate Bulk Container (IBC) volume, reflecting strong market demand. *Published Greif's 12th consecutive sustainability report highlighting the Company's commitments to environmental, social and governance (ESG) principles and key metrics.