S&P Global Reports Fourth Quarter and Full-Year 2024 Results

The Company reported fourth quarter 2024 reported revenue of $3.592 billion, an increase of 14% compared to the fourth quarter of 2023. Fourth quarter GAAP net income increased 52% to $880 million and GAAP diluted earnings per share increased 56% to $2.85 driven primarily by strong Ratings growth. For the full year 2024, reported revenue increased 14% year over year to $14.208 billion. Excluding the impact of Engineering Solutions (divested in 2023), revenue growth would have been 15% year over year. 2024 GAAP net income increased 47% to $3.852 billion and GAAP diluted earnings per share increased 50% to $12.35, driven primarily by revenue and operating profit growth in the Company's Ratings division.
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Resource Label Group Expands into Quebec with the Acquisition of Imprimerie Ste-Julie

Owned and operated by Caroline Fournier and Marilène Fournier, Imprimerie Ste-Julie (ISJ) has cultivated a strong reputation across Quebec, serving businesses that seek customized, creative and sustainable label solutions to enhance their products. ISJ is a trusted partner to customers in the food, beverage, pharmaceuticals, natural products and cosmetics markets, and meet their strict delivery, quality, and sustainability goals. "Joining the Resource Label Group family is an exciting new chapter for Imprimerie Ste-Julie,” stated Co-President Caroline Fournier. “For nearly 50 years, we have been committed to delivering exceptional quality and service to our customers. RLG will allow us to expand our capabilities, introduce new innovations, and continue offering the personalized experience our clients expect. We are thrilled to join a network that shares our dedication to excellence and growth."
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Stora Enso achieves milestone in carbon reduction

By the end of 2024, Stora Enso achieved a 53% reduction in Scope 1 and 2 emissions, surpassing the target of a 50% reduction by 2030 from the 2019 base year. This milestone reflects the Group's long-term commitment to proactive decarbonisation efforts. In 2021, Stora Enso set its ambition to align with the 1.5-degree scenario of the Paris Agreement with a target of absolute Scope 1 and 2 emission reduction by 50% by 2030 from the 2019 base year. The 53% reduction by the end of 2024 is mainly attributed to mitigation measures, such as fuel switches and improvements in energy efficiency, and the impact from site closures. While Stora Enso acknowledges this progress, the Group's target is to maintain this level until 2030 and explore opportunities to further improve. “I am pleased to share this progress on our path towards net zero as part of our long-term commitment to sustainability. Through driving efficiency in the way we work, we are able to reduce our climate impact and support our customers achieve their climate ambitions,” says Hans Sohlström, President and CEO, Stora Enso.
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How to Win Over Sustainability-Minded Customers

Sustainability is a top priority for consumers, so aligning your business with these values is crucial for building long-term loyalty. Transparency, authenticity, and a commitment to sustainable practices are essential for maintaining customer trust and relevance in a competitive marketplace. Companies like REI (SGP certified facility) exemplify how prioritizing sustainability can drive loyalty while responding to shifting market demands. 1. Understanding Consumer Expectations - Today’s consumers are increasingly focused on sustainability. 2. Aligning Business Practices with Customer Demands - To build trust and loyalty, sustainability needs to be embedded in your business practices. 3. Employee Engagement in Sustainability - While sustainability often starts at the top, fostering a culture of sustainability within your organization is essential. 4. Leveraging Sustainable Supply Chains - A sustainable supply chain is a necessity for meeting consumer expectations and building credibility.
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Sustainability in corrugated packaging – Inks & coatings play an important role

The corrugated packaging industry is experiencing a significant shift towards sustainability, driven by brand owners' ambitious environmental goals and changing consumer preferences. In an era dominated by conversations about eco-conscious printing and a circular economy in packaging, it's worth considering what 'more sustainable' corrugated packaging means. Brand owners are setting ambitious sustainability goals which are directly impacting converters. Many businesses are seeing increased demand for packaging with higher recycled content or a push for fully recyclable or compostable packaging solutions. Furthermore, brands are increasingly asking their suppliers to help reduce carbon emissions across the supply chain, prioritising those that can actively demonstrate they are making a difference with more eco-conscious packaging designs.
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Rottneros year-end report January-December 2024

The fourth quarter was shaped in part by the annual maintenance shutdowns at our two mills, which proceeded smoothly and as planned. Consequently, all three of our major investment projects are now up and running. The underlying performance showed improvement compared with the corresponding quarter of the previous year, despite the upward trend in raw material costs. Demand for chemical softwood pulp remains relatively stable in our key markets, with many customers increasing volumes, especially in our niche segments. We continue our structured approach to gradually developing Rottneros in line with our niche strategy, prioritizing safety, sustainability, and profitability. Production and deliveries for the Group declined compared with the same quarter last year, mainly as a result of the annual maintenance shutdowns carried out at both mills. In 2023, Rottneros Mill scheduled its maintenance shutdown in September. Excluding temporary items, primarily related to the sale of emission allowances, our underlying EBIT rose by approximately 20 MSEK, despite the negative effect of higher wood costs and maintenance shutdowns on comparability. Fixed costs totaled 240 MSEK, compared with 220 MSEK in the same quarter last year.
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Ahlstrom achieves a Leadership score A- in CDP climate disclosure

This achievement highlights Ahlstrom’s strategic and systematic efforts to reduce climate impact across the value chain while reinforcing our dedication to transparency and action in tackling climate change. CDP’s evaluation is based on comprehensive disclosures covering climate strategy, targets, governance, risks and opportunities, and concrete actions taken over the previous year. The score reflects the meaningful progress Ahlstrom has made in cutting emissions and motivates the company to accelerate its efforts even further. "We have made significant strides in reducing emissions through our energy transition program. Since 2021, our Scope 1 and 2 absolute emissions have decreased by 16.2%, demonstrating the tangible impact of our initiatives. In 2024, we further strengthened supplier engagement to drive down Scope 3 emissions, reinforcing our commitment to reducing carbon footprint across the entire value chain," says Johan Lunabba, Vice President, Sustainability and Public Affairs at Ahlstrom.
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IRIS Bio and Koehler Paper Offer Recyclable Packaging Alternative

Together with Italian pasta company Astrabio, Koehler Paper has now packed pasta in one of its flexible packaging paper for the first time ever. “Koehler NexPlus® Seal Pure,” a heat-sealable paper, maximizes shelf life, protects the product inside it, and features extraordinary strength properties that make it perfect for further processing on standard packaging machines. The brand IRIS Bio stands for high-quality food and a sustainable agricultural model. Koehler Paper accordingly offers a sustainable packaging alternative with its flexible packaging paper. “With ‘Koehler NexPlus® Seal Pure,’ we offer a packaging paper with a significantly reduced carbon footprint in comparison to conventional plastic packaging, not to mention that it also boasts the significant benefit of being recyclable and conserving valuable resources as a result,” says Mauro Moretti, Flexible Packaging Paper Sales Manager at Koehler Italia, while going over this new application for the paper. This is also corroborated by positive feedback from customers, which shows that the two companies made the right decision.
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UPM recognized among top sustainability performers by CDP and S&P Global

On 7 February 2025, the global environmental non-profit organization CDP recognized UPM with an A score for its leadership in corporate transparency and action on climate change mitigation, and an A- for forest and water stewardship. On 11 February 2025, UPM was recognized in the S&P Global Sustainability Yearbook as one of the top 10% performers in its industry. “We see sustainability as one of the most important drivers of growth and competitiveness, and we are seizing the opportunities presented by sustainable consumer choices and stricter regulations,” Sami Lundgren continues.
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Graphic Packaging Holding Company Reports Fourth Quarter and Full-Year 2024 Results

Michael Doss, the Company's President and CEO said, "In 2024, we demonstrated the value of the Graphic Packaging business model, generating a level of consistency and profitability in line with other leading consumer packaging companies. We delivered strong and steady margins and significant new consumer packaging innovations. Our strategic investments in capabilities, innovation, and competitive advantage have positioned the company for long-term value creation. In 2025, we will build on that success, driving competitive advantage in recycled paperboard across all of North America, and expanding our innovation capabilities into new markets and new product categories around the world. "The past two years have presented unusual volume challenges for the industry and our customers. Customer destocking is largely over, but consumers are stretched and searching for value in their everyday purchases. Across grocery, convenience, e-commerce and mass retail, Graphic Packaging is responding to our customers' evolving needs by creating the more circular, more functional, and more convenient packaging that consumers prefer. As the last of our major asset investments comes to completion in 2025, capital spending will decline significantly, and we will deploy excess cash to create substantial value for our stockholders. Consistent with our capital allocation priorities, today we are announcing a 10% increase in the quarterly dividend, to $0.11 per common share, effective for the first quarter 2025."
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FedEx Acquires RouteSmart Technologies, Further Strengthening Global Pickup and Delivery Optimization

FedEx Corp. announced that it has acquired RouteSmart Technologies, a global leader in route optimization solutions with over 40 years of expertise, providing mission-critical technology to newspaper, postal & parcel, public works, utilities & field service, and waste collection organizations worldwide. The combination of RouteSmart’s leading technology solutions with FedEx’s unparalleled physical and data networks will enable the world’s largest express transportation provider to further drive efficiency across its own global operations, while also strengthening the company’s suite of technology solutions. “This is yet another step on our journey to make supply chains smarter for everyone as we revolutionize logistics,” said Raj Subramaniam, president and chief executive officer, FedEx Corporation. “Our physical network generates terabytes of data that contain invaluable insights about the global supply chain. Through this acquisition, we will use RouteSmart’s expertise and proven technology platform to accelerate the deployment of a common route optimization capability for FedEx operations that will enable our team members to work safer and smarter as they deliver superior service to our customers.”
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The New York Times Company Reports Fourth-Quarter and Full-Year 2024 Results

Meredith Kopit Levien, president and chief executive officer, The New York Times Company, said, “The fourth quarter capped another strong year for The Times in which we made further progress toward becoming the essential subscription for every curious person seeking to understand and engage with the world. Our market-leading news and premium lifestyle products proved more valuable to more people in 2024. Deep engagement fueled our multi-revenue stream model, and enhanced our durability even in a dynamic information ecosystem. Altogether, this momentum gives us confidence that we can deliver another year of healthy growth in subscribers, revenue, and profitability, as well as strong free cash flow.” • Growth in both digital subscribers and ARPU drove a year-over-year increase in digital subscription revenues of 16.0 percent.• Digital advertising revenues increased 9.5 percent year-over-year largely as a result of higher revenues from direct-sold display advertising and programmatic advertising. • Other revenue increased 16.3 percent year-over-year as a result of higher Wirecutter affiliate referral and licensing revenues.
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Postal Regulatory Commission Issues Advisory Opinion on USPS Delivering for America

The Postal Regulatory Commission (Commission) issued an in-depth analysis of the Postal Service’s Delivering for America (DFA) initiatives proposing nationwide changes to mail service. While the Commission acknowledges the challenges the Postal Service faces are significant, and change is essential, the Commission finds the Postal Service is irreversibly changing its network without laying a foundation for success. First, the Postal Service’s plan depends on defective modeling and does not appear to be ready for implementation. Second, the Postal Service relies on overly optimistic and unsubstantiated financial projections for cost savings that are not likely to improve the financial health of the Postal Service. Third, the Postal Service’s proposal has significant negative impacts on rural communities throughout the United States.
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Postmaster General and CEO Louis DeJoy’s Remarks During the Feb. 6, 2025, Postal Service Board of Governors Meeting

Overall, I expect this to be another calendar year of dramatic change for the United States Postal Service as we continue to refine and execute our Delivering for America Plan. I remind everyone that the Delivering for America Plan is the only comprehensive plan in existence that attempts to transform the Postal Service and set us on a path for a viable future. To begin, I want to thank the dedicated men and women of the United States Postal Service for their efforts this past quarter, which included a presidential election, our usual peak season activities, as well as a number of hurricanes and storms. We continued to meet the challenge of the year’s peak surge in mail and package volume with expanded processing capabilities, optimized transportation strategies, and enhanced operational precision.
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News Corp Reports Second Quarter Results for Fiscal 2025

Commenting on the results, Chief Executive Robert Thomson said: “News Corp had a fruitful quarter, qualitatively and quantitatively. Revenues on a continuing operations basis, which excludes Foxtel, grew 5 percent to $2.24 billion, net income from continuing operations surged 58 percent to $306 million and Total Segment EBITDA rose 20 percent to $478 million. The three pillars of growth—Digital Real Estate, Dow Jones and Book Publishing—continued to expand Segment EBITDA robustly. We also saw the positive impact of rigorous cost discipline and digital development in the News Media segment, and our overall margin rose meaningfully compared to the prior year."
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Amazon.com Announces Fourth Quarter Results

Fourth Quarter 2024 - Net sales increased 10% to $187.8 billion in the fourth quarter; Operating income increased to $21.2 billion in the fourth quarter; Net income increased to $20.0 billion in the fourth quarter. Full Year 2024 - Net sales increased 11% to $638.0 billion in 2024; Operating income increased to $68.6 billion in 2024; Net income increased to $59.2 billion in 2024. "The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so,” said Andy Jassy, President and CEO, Amazon. “When we look back on this quarter several years from now, I suspect what we’ll most remember is the remarkable innovation delivered across all of our businesses, none more so than in AWS where we introduced our new Trainium2 AI chip, our own foundation models in Amazon Nova, a plethora of new models and features in Amazon Bedrock that give customers flexibility and cost savings, liberating transformations in Amazon Q to migrate from old platforms, and the next edition of Amazon SageMaker to pull data, analytics, and AI together more concertedly. These benefits are often realized by customers (and the business) several months down the road, but these are substantial enablers in this emerging technology environment and we’re excited to see what customers build.”
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Brian Murray, President and CEO of HarperCollins Publishers, Elected Chair, AAP Board of Directors

The Association of American Publishers announced that its Directors have elected Brian Murray as Chair of the Board for the 2025-2026 term. Mr. Murray, who is President and CEO of HarperCollins Publishers, has been on the board since 2008. He was previously elected Chair in 2015, and served as an officer from 2014-2017. Additionally, Mr. Murray served on the executive committee of the International Publishers Association for AAP from 2011 to 2018. In 1970 HarperCollins Publishers, then known as Harper & Row, was a founding member of AAP. The Board also elected Tyrrell Mahoney, President of Chronicle Books, to the position of Vice Chair. Ms. Mahoney has served on the AAP Board since 2019. Jeremy North, Managing Director, Books, Taylor & Francis, who has served on the Board since 2015, was re-elected as Treasurer. YS Chi, Chairman of Elsevier, and Director of Corporate Affairs for the RELX Group, will remain an officer as Immediate Past Chair.
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Savvas Learning Company Wins Tech & Learning Best of 2024 Award for its New Savvas CTE Courses

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that Savvas CTE, its offering of online career and technical education (CTE) and certification prep courses, has won the Tech & Learning Best of 2024 Award. The Best of 2024 award program celebrates the brightest new products in the educational space — the technology that’s been turning heads, supporting teachers, and helping students to learn faster, easier, and more successfully than ever before. Tech & Learning selected Savvas CTE as a winner in the secondary education category of the most impactful educational technologies helping schools improve teaching and learning in 2024.
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Savvas Learning Company’s Full Suite of K-12 Math Programs Approved by the South Carolina State Board of Education for Statewide Adoption

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that the South Carolina State Board of Education has approved the full suite of Savvas K-12 math programs for statewide adoption across all grade levels. Savvas is the only learning solutions provider to have all of its K-12 math programs approved as state-adopted high-quality instructional materials (HQIM) covering every grade level for South Carolina classrooms. The Savvas math programs for South Carolina, which are fully aligned to the 2025 South Carolina College- and Career-Ready Mathematics Standards, include: enVision Mathematics South Carolina Grades K-5; enVision Mathematics South Carolina Grades 6-8; enVision A|G|A (Geometry, Algebra 1, Algebra 2) South Carolina; Experience Math Grades K-5.
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Two Sides North America Welcomes RWT Production, LLC as the Newest Member in Support of Sustainable Direct Mail Practices

Two Sides North America (TSNA), a non-profit organization advocating for the sustainable attributes of print, paper, and paper-based packaging, is pleased to announce RWT Production, LLC as its newest member. This partnership highlights RWT Production’s dedication to sustainability within the direct mail and print industries. “At RWT Production, we recognize the crucial role that direct mail serves in many successful fundraising and marketing initiatives. Aligning with Two Sides North America complements our mission to provide our clients with sustainable and effective print solutions for their campaigns,” stated Jeff Thomas, Director of Business Development at RWT Production. “Together, we can further promote the essential role of direct mail and its environmental responsibility.”
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Sonoco’s EnviroCan® with a Metal Bottom Receives Pre-qualification for How2Recycle® Labeling

Sonoco Products Company has received pre-qualification to carry the How2Recycle® ‘Check Locally’ label for its EnviroCan® Metal Bottom rigid paper container. The EnviroCan paper container body is made of 100% recycled fiber, 90% of which comes from post-consumer resources, a design that balances responsible materials sourcing with product and food safety. The metal bottom end is made of steel, one of the world’s most recycled materials. The widely recognized How2Recycle on-pack label guides consumers with clear instructions for recycling at their location and demonstrates Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions for customers and consumers worldwide. “Securing the pre-qualification for the EnviroCan Metal Bottom is the result of years of data and evidence collection as well as collaboration with recyclers,” said Sabrina Dixon-Ridges, Director of Global Operational Sustainability at Sonoco.
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Amcor reports second quarter and first half result

CEO Peter Konieczny said: "Amcor delivered a solid second quarter result aligned with the expectations we set out in October, giving us the confidence to again reaffirm our guidance for the fiscal year. We continued to execute well on our underlying business, delivering our fourth consecutive quarter of sequential volume improvement. Margins continued to expand, supporting adjusted EBIT and EPS growth of 5% on a comparable basis for the quarter." “We also announced the next transformational step for Amcor, agreeing to combine with Berry Global. Bringing these two companies together will deliver on our strategy to become an even stronger company with accelerated volume-driven organic growth achieved through an unwavering focus on our customers, sustainability and portfolio mix. The combined company will have enhanced positions in attractive categories, the material science and innovation capabilities required to further revolutionize product development and a broader, more complete portfolio of primary packaging solutions for consumer and healthcare customers. With faster growth and $650 million of identified synergies, this combination will drive significant near and long term value for all shareholders. The path to completion is well advanced and we remain on track to close in mid calendar year 2025.”
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Aptar Reports Fourth Quarter and Annual 2024 Results

AptarGroup, Inc. reported strong fourth quarter results due to solid operational performance driven by top and bottom line improvements. Results were driven by sales growth in pharma solutions, increased demand for closures technologies and productivity gains across the company. Reported sales increased by 1% and core sales increased by 2% due to a negative currency effect. Aptar reported net income of $101 million for the quarter, a 62% increase from the prior year. In addition, the quarterly results benefited from a lower effective tax rate. “Aptar achieved another strong quarter and year, delivering back-to-back years of double-digit earnings per share growth. For the full year, our pharma franchise grew sales 8%, propelled by brisk demand for our proprietary drug delivery systems, which grew 9% in 2024. Our closures segment also finished the year strong with solid performance and good momentum. Net income for full year 2024 grew 32% over the prior year and we ended 2024 solidly in the middle of our long-term adjusted EBITDA margin range, with significant margin expansion in our pharma and closures segments. Our beauty segment was able to improve its margin even with a challenged top line, driven by increased productivity and cost management efforts. In 2024, net cash provided by operations increased 12% along with lower capital expenditures, which generated a free cash flow increase of 40%,” said Stephan B. Tanda, Aptar President and CEO.
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Crown Holdings, Inc. Reports Fourth Quarter and Full Year 2024 Results

"Crown delivered strong results in the fourth quarter, with segment income advancing 12% compared to the prior year," stated Timothy J. Donahue, Chairman, President and Chief Executive Officer. "Combined global beverage can segment income improved 17%, driven by global volume growth of 4%, led by shipment increases in Europe and North America, which grew 8% and 7%, respectively. The North American food can business also generated increased income during the quarter as a result of increased volumes while Transit Packaging saw lower volume and profitability as industrial activity remains sluggish. "2024 was an excellent year overall, exceeding previous expectations. Segment income advanced nearly $100 million or 6% over the prior year, following a 7% improvement in 2023. Combined global beverage can segment income expanded 19% over the prior year, reflecting robust volume growth – 10% in Brazil and 7% in both North America and Europe – and excellent manufacturing performance."
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International Paper and DS Smith Combine To Create The New Global Leader in Sustainable Packaging Solutions

The combination brings together the best of both companies to accelerate growth, improve profitability and serve customers all over the world from operations in more than 30 countries. Together with DS Smith, International Paper will be a great place to work with colleagues who value excellence, ethics and safety above all else. "With a stronger portfolio of sustainable packaging solutions, the combination of International Paper and DS Smith enhances our offerings, increases innovation and expands our geographic reach," said Andy Silvernail, International Paper Chairman and Chief Executive Officer. "We will bring together the capabilities and expertise of two experienced teams, with similar cultures to create the global leader in sustainable packaging solutions."
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Fibre-based Packaging Producers Seek Clarity on Single-Use Plastic Packaging (SUP) Directive

The European Union’s SUP Directive May Pose Unintended Challenges for Non-Plastic Packaging. Fibre-based packaging manufacturers are unclear about how the European Union’s Single Use Plastic (SUP) Directive, adopted in 2019, will impact their business. As it applies to specific measures for minimizing litter from single-use plastic and “plastic”-containing packaging, the Directive has taken effect through national legislation. Still unclear is how the directive applies to fibre-based packaging that uses small amounts of plastic as a protective layer for perishable items. For example, cartonboard cups incorporate an internal layer to keep liquid products from seeping through the cartonboard; and fibre-based food containers often include a plastic barrier to protect the food from oxygen and to keep food oils from leaking through the packaging.
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CDP recognises Metsä Board with a triple ‘A’ score for leadership on climate change, forests and water security

Metsä Board, part of Metsä Group, has been recognised for leadership in corporate transparency and performance on climate change, forests and water security by global environmental non-profit CDP. Based on data reported through CDP’s 2024 Climate Change, Forests and Water Security thematic questionnaires, Metsä Board is one of a small number of companies that achieved a triple A, out of over 22,000 companies scored. This is the third time that Metsä Board scored the prestigious triple ‘A’. “We have ambitious sustainability targets including 100% fossil free production and products, and reduced process water use by the end of 2030. In our wood supply, we promote regenerative forestry practices to strengthen the status of forest nature. The high score in CDP assessments year after year is a confirmation on the positive progress of our systematic work," says Mika Joukio, CEO of Metsä Board.
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Metsä Board’s comparable operating result in 2024 January–December was EUR 69 million

Metsä Board’s CEO Mika Joukio: “In October–December, demand for paperboards was lower than expected, and our delivery volumes decreased from the previous quarter. We adjusted production to match the low demand at several of our mills. Our profitability was also burdened by the repair shut-down at Metsä Fibre’s Kemi bioproduct mill, which lasted for about a month. Our sales in October–December amounted to EUR 446 million, and our comparable operating result was EUR -3.6 million. We had a positive start to 2024, with paperboard demand picking up clearly from the previous year’s record low level. However, activity faded towards the end of the year, and our paperboard deliveries, amounting to approximately 1.5 million tonnes, remained below our capacity level. Demand is still constrained by cautious purchasing behaviour and consumption focusing more on services than products. In addition, market balance has been influenced by the strong growth in Asian paperboard capacity and increasing paperboard imports especially to Turkey, the Middle East and South America.
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Metsä Group’s Kuura textile fibre shows competitive greenhouse gas emission level

Metsä Group has completed a new Life Cycle Assessment (LCA) of its Kuura textile fibre. The assessment shows that Kuura’s global warming potential (GWP100, fossil) score is less than one-third of the next best option, viscose. The Kuura project is currently in a demonstration phase. The new textile fibre is being developed by Metsä Group’s innovation company Metsä Spring. The LCA was made by Etteplan. The LCA study and comparison to alternative cellulosic fibres were critically reviewed by RISE Research Institutes of Sweden. GWP is a term used to describe the relative potency, molecule for molecule, of a greenhouse gas, considering how long it remains active in the atmosphere. Kuura's GWP is only one-fourth of cotton fibre and up to over 80 percent lower than the impact of the closest reference commercial product, lyocell fibre.
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Metsä Group’s comparable operating result for January–December 2024 was EUR 203 million

President and CEO Ilkka Hämälä: The year 2024 was exceptionally weak financially, with comparable operating profit falling to EUR 203 million. Demand in our main markets was subdued in all product groups, except for tissue and cooking papers and Kerto® LVL. At the beginning of the year, political strikes caused a loss of EUR 60 million. The effects of higher raw material and logistics costs could not be passed on to product prices, as demand was weak. Major development investments in recent years have significantly increased depreciation. The positive effects of new capacity on profits have not yet materialised in the sawmill, pulp and paperboard industries due to the start-up of production and weak demand.
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100 million seedlings from SCA in 2024

2024 was yet another year of high seedling deliveries from SCA. Nearly 100 million seedlings were delivered to private forest owners and SCA's own forests. "It feels good to be able to contribute with seedlings of high quality that provide good growth in Sweden's forests, and thus significant climate benefits," says Thomas Vestman, head of NorrPlant, SCA's seedling operations. In 2024, SCA delivered almost 100 million seedlings, which is slightly fewer compared to the previous year. "It was a good delivery year, despite the prolonged winter. But when summer arrived, it came early in May which put our nurseries in full speed. We see, however, that more and more customers choose to plant in August, which has now become our largest delivery month. That’s good, because it’s perfectly fine to plant well into the autumn," says Thomas Vestman.
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Stora Enso recognised by CDP with ‘A’ score for transparency on Climate Change

CDP assess companies based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership. Improving corporate awareness through measurement and disclosure is essential to the effective management of carbon and climate change risk. “It is a strong endorsement of the approach and actions we take on climate change that we are a CDP Climate Change ‘A List’ company. We are committed to a continued focus on reducing emissions in our own production, as well as across our value chain in line with the Science Based Targets initiative’s 1.5-degree pathway.” says Toby Croucher, Chief Sustainability Officer.
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Amsive Announces Leadership Succession

Amsive, a leading performance marketing agency, announced today that Michael Coppola will succeed Brad Moore as Chief Executive Officer, effective February 1, 2025. Coppola, who has served as Amsive’s President since 2021, brings extensive experience and a deep commitment to advancing the company’s mission of delivering innovative, client-focused marketing solutions. Moore, who first joined as President in 2015 and has served as CEO since 2017, developed Amsive’s vision, and led its evolution for the past decade. He will transition into an advisory role, continuing to support the company’s next phase of growth. “Leading Amsive over the past ten years has been a great privilege,” said Brad Moore. “We’ve built a special company and culture through transformative growth, and I’m incredibly proud of what we’ve achieved together as a team. Mike’s leadership as our president these past three years has been integral to our success, and his vision and experience make him the ideal person to lead Amsive into its next chapter. I look forward to supporting him and the team in my new role.” 
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RRD Powers Print Evolution with Digital Transition of Georgia Facility

RRD, a global provider of marketing, packaging, print, and supply chain solutions, is investing in first-to-market robotic technologies and advanced digital print presses from HP to transform its Austell, GA facility into a state-of-the-art commercial print hub. The investment doubles the site’s workforce and sets a benchmark for rapid, high-volume digital production and automation. The investment enables RRD to deliver high-speed, high-quality, variable print-on-demand services to meet evolving client demand and anticipated industry shifts. The Austell site features HP’s new Indigo 120K Digital Press and PageWide Advantage 2200 with HP Brilliant Ink. The equipment is designed to empower high-volume production businesses by delivering speed, reliability, and cost-efficiency.
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FPAC Partnership Raises Awareness in Canada

For more than 100 years, FPAC (formerly the Canadian Pulp and Paper Association) has provided a voice for Canada’s wood, pulp, paper and wood-based bioproducts producers in government, trade and environmental affairs. Its member companies also help develop action plans that advance Canadian forest health while supporting workers, communities and the environment. “Domtar and its predecessors have been member companies for many, many years,” says Derek Nighbor, FPAC’s president and CEO. “Today, Domtar operates mills all across Canada. Each region faces unique challenges, so the geographic diversity of our relationship with Domtar and their engagement across all key function areas has been great. Together, we’ve done a lot of work on forest management policies, environmental priorities, transportation, Indigenous relations and more.”
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Billerud Year-end report January–December 2024

We delivered robust financial performance in the fourth quarter and ended 2024 on a good note. During the fourth quarter, we recorded outstanding net sales growth of +20% driven by better-than-expected volume growth, enabling a solid adjusted EBITDA margin of 13%, up 5% pts vs year ago. Once again, our North American region recorded impressive results with 17% net sales growth and 19% EBITDA margin. I am also satisfied with our result in Region Europe which, despite softer market conditions, managed to grow the topline by 16% and achieve an EBITDA margin of 12%. 2024 was characterized by challenging and rapidly changing market conditions. It was nevertheless a year with significantly improved financial performance versus 2023. Our proactive actions, discipline and flexible approach with strong focus on items we can control have served us well. Our net sales grew by 5% through volume growth, mix and price management. We successfully limited the fixed cost increase below inflation and delivered another sizable contribution to the efficiency enhancement program.
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CDP recognises Mondi’s leading practices with a prestigious ‘A’ score for both climate change and forests

Mondi, a global leader in sustainable packaging and paper, has been recognised with an ‘A’ score for both climate change and forests in CDP’s 2024 disclosures. CDP also awarded Mondi an ‘A-’ score in the third category of water. These scores earn Mondi a place on CDP’s annual A List for the sixth consecutive year, demonstrating the Group’s leading sustainability practices. "We are delighted to have maintained our position on CDP’s A List. Our top scores for transparency on climate change and forests reflect our commitment to taking action on climate and our understanding of the link between climate action, sustainable forestry and water security in driving progress that reduces our impact. We are working to reduce our GHG emissions in line with our science-based Net-Zero targets, upholding our zero deforestation commitment across our supply chain, and prioritising water and biodiversity as key focus areas of our sustainability efforts." Gladys Naylor, Head of Sustainable Development at Mondi
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Norske Skog Boyer acquired by Boyer Capital Pty Ltd

Norske Skog has entered into agreement with Boyer Capital Pty Ltd, to sell the Boyer mill at an enterprise value of approximately NOK 190 million. The transaction is expected to be completed during the first quarter of 2025. “We are very pleased to conclude our orderly exit from Australasia with the divestment of the Boyer mill. The discussions with David Marriner and Boyer Capital have been ongoing for some time and we believe they represent the ideal owner to both continue the production of publication paper and develop the industrial site for future activities. Norske Skog will now focus fully on the successful ramp-up of containerboard production at the Golbey mill and completing the BCTMP study at the Saugbrugs mill”, said Geir Drangsland, CEO of Norske Skog.
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Sappi first quarter results ahead of expectations; up 56% year-on-year

Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “Despite continued challenging global macroeconomic conditions and weak paper markets I am pleased that the group delivered Adjusted EBITDA of US$203 million, which was ahead of expectations and substantially above last year.” Year-on-year profitability improved across all segments, supported by cost-savings, operational efficiency gains, higher dissolving pulp (DP) selling prices and sales volumes combined with improved packaging and speciality papers sales volumes.
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UPM Raflatac accelerates its growth in Graphics by acquiring Metamark

UPM Raflatac has acquired Metamark, a UK-based company to further accelerate its growth in Graphics business. UPM Raflatac’s existing Graphics business complemented with Metamark will strengthen UPM Raflatac’s overall competitiveness, bring major synergies and make UPM Raflatac a significant player in the fast-growing, high value-added Graphics segment. The Enterprise Value of the transaction is GBP 146 million (approx. EUR 175 million). Metamark, established in 1992 is a manufacturer and distributor of graphics solutions. Its product portfolio consists of high-quality self-adhesive colour films, print films for large format colour printing, laminates and wrapping films for various end-uses. The company employs approximately 185 people and has a manufacturing site in Lancaster, UK. The sales of the company is approximately GBP 65 million, and it has an EBITDA margin accretive to UPM Raflatac.
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