Glatfelter carbonless price increase

Continuing its leadership in sustainability, the American Forest & Paper Association announced Better Practices, Better Planet 2030: Sustainable Products for a Sustainable Future, a new set of sustainability goals for the paper and wood products industry. “We have been and will continue to be a leader in sustainability,” said AF&PA President and CEO Heidi Brock. “The paper and wood products industry was one of the first U.S. manufacturing industries to adopt quantifiable sustainability goals back in 2011, and today these new ambitious goals will build upon that success in the decade ahead.” Better Practices, Better Planet 2030 advances the industry’s comprehensive sustainability record over the last decade and includes a transparent reporting process for achieving each goal. “Sustainable practices are at the foundation of this industry, which manufactures essential and innovative products used by millions of Americans each day, from renewable resources,” said Graphic Packaging President and Chief Executive Officer and AF&PA Board Chair Mike Doss. “We have a strong track record of delivering on sustainability commitments and these goals will guide our progress further into the future.”

Q3 2023 Highlights *Sales of $1,198 million (compared with $1,168 million in Q2 2023 and $1,174 million in Q3 2022); *Operating income of $80 million (compared with $64 million in Q2 2023 and $25 million in Q3 2022); *Net earnings per common share of $0.34 (compared with net earnings per common share of $0.22 in Q2 2023 and a net loss per common share of ($0.02) in Q3 2022); *Net debt1 of $2,088 million as of September 30, 2023 (compared with $2,076 million as of June 30, 2023).

Sappi North America Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announced today its innovative collaboration with Biophilica, the company behind Treekind®. Treekind is one of the only plastic free leather alternatives that is 100% biobased, home compostable, non-toxic, and PETA vegan certified, notably benefiting from Sappi’s textured release paper to give the material an ultra-realistic look and feel. Understanding the important role that touch plays in consumers’ relationship with products, it was paramount for Biophilica to create a product with an authentic, non-plastic-like feel. Touch has the power to shift consumers’ minds into a deeper level of engagement – one more conducive to building a lasting relationship and connection with a brand. To help facilitate this vision in 2022, Sappi stepped in to deliver a high-fidelity, 3D, leather grain solution to impart texture to Treekind through the application of Sappi’s Ultracast Viva® release paper.