Containerboard production was essentially flat compared to September 2016. The month-over-month average daily production compared to August 2017 was 3.8% lower. The containerboard operating rate for September decreased from 97.2% to 95.9%, which was 0.9 percentage points lower than September of last year. Year-to-date production of containerboard for export is up 2.2%, with the September volume falling 13.6% below the same month last year.
http://afandpa.org/media/news/2017/10/18/american-forest-paper-association-releases-september-2017-containerboard-report
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Notable items in the third quarter include: *Record net sales of $4.8 billion increased 14% compared to the prior year quarter *Net income of $250 million increased 40% compared to $179 million in the prior year quarter *Record third quarter North American per day box shipments increased 9% compared to the prior year quarter *Successfully implementing published price increases across all major paper grades; pricing realization outpaced inflation in the quarter *Generated net cash provided by operating activities of $751 million and Adjusted Free Cash Flow of $554 million compared to $740 million and $508 million, respectively, in the prior year quarter *Reduced total debt by $270 million
Greif, Inc. announced it has sold Delta Petroleum Company, Inc. (“Delta”), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transaction that brings value to both parties," said Ole Rosgaard, President and Chief Executive Officer of Greif. "While Delta is a solid business that exemplifies our Legendary Customer Service mindset, it no longer aligns with our core growth strategy of expansion into resin-based industrial products serving higher-growth and less cyclical end markets. The transaction value reflects the quality of both the business and our people, and the funds from this sale will be used to accelerate our strategic vision.”
Imagine walking into the liquor store on a Friday night. You look past the brews you’ve already tried for something new. You spot a silver and gold capsule of a can, with a strange goggled figure on the label. The copy tells you this beer was formulated to fuel your journey through the multiverse, and it contains a sci-fi album as the soundtrack. To get the album, there’s a special hashtag. By tweeting it, you’ll receive a message telling you what you’re doing right now in a parallel reality, and a link to the music. Curiosity piqued, you bring it home, crack it open, take out your phone, and experience audio, visual, touch and taste in a single moment in time.