In the beverage industry, smart companies have been responding to the clean label movement for years. But did you know that shoppers, especially Millennials, consider the packaging as an extension of the ingredient list? Are you giving them the clean packaging they’re looking for?
Click this link to find out four critical statistics.
read more/source: http://evergreenpackaging.com/fresh-news/shoppers-seek-clean-labels-and-clean-packaging/
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As 2022 comes to an end, Georgia-Pacific has launched or completed approximately $1.8 billion in capital improvement projects throughout the company. Projects include new facilities and additions as well as improvements to existing operations. These investments lead to productivity and income opportunities for local contractors who help complete the projects, stimulating each facility location's economy. Diboll Lumber-$7 million - Georgia-Pacific completed a $7 million upgrade that modernized the Diboll lumber mill in Texas and helped increase its overall production. Clarendon OSB-$40 million - Georgia-Pacific also announced a $40 million investment in its oriented strand board (OSB) facility in Alcolu, South Carolina. Muskogee Tissue-$50 million - The company announced plans to upgrade parts of its 640-acre Muskogee, Oklahoma, bath tissue, towel, and napkin manufacturing operations in May. Bradford Corrugated-$34 million - Announced in May, the Bradford, Pennsylvania, corrugated plant will undergo a significant upgrade with an investment topping $34 million for new equipment to modernize the plant's operations. Broadway Paper Mill-$500 million - A $500 million expansion began in July at the company’s Broadway mill in Green Bay, Wisconsin. The investments will significantly enhance the company's retail consumer tissue and towel business.
Packaging Corporation of America reported second quarter 2021 net income of $207 million, excluding special items. Second quarter net sales were $1.9 billion in 2021 and $1.5 billion in 2020. Commenting on reported results, Mark W. Kowlzan, Chairman and CEO, said, “Demand in our Packaging segment remained very strong. Our mills and plants continued to do an outstanding job of meeting our customers’ needs while managing through certain material and chemical availability issues, a tight labor market, various freight and logistics challenges, as well as the planned maintenance outages at four of our mills during the second quarter. The mills executed the planned outages extremely well and, with the help of the No. 3 machine at the Jackson Mill, provided our plants the necessary containerboard to achieve an all-time record for total box shipments. We were also able to build some much-needed inventory; however, our weeks-of-inventory supply was at a new low for this time of year ahead of an expected very busy second half. The sales groups in both the Packaging and Paper segments are doing a great job of implementing our previously announced price increases, and we continue to deliver on the numerous initiatives and capital projects to reduce costs and improve efficiencies across all of our mills and corrugated products plants. These efforts are extremely important as we continue to experience significant cost inflation across the Company as well as logistics challenges with both our inbound and outbound freight needs.”
Extended Producer Responsibility (EPR) charges for packaging converters, producers and suppliers have been delayed a year, from October 2024 to 2025. The government blamed economic pressures for the delay, but said it would use the time to finalise plans for the scheme’s implementation with local government, businesses, and waste management companies. Companies involved in packaging will still have to collect and process data on the amount and nature of packaging they use or produce during the delay.