SCA increases kraftliner prices

WestRock Company announced that it is expanding its consumer packaging portfolio with the acquisition of Hanna Group Pty Ltd (Hannapak), one of Australia’s leading providers of folding cartons to a variety of markets, including beverage, food, confectionary, and healthcare. The acquisition will build on WestRock’s established and growing packaging business in the region. “Hannapak has built an outstanding folding carton business in Australia based on their superior capabilities and customer service,” said Steve Voorhees, chief executive officer of WestRock. “We have a strong relationship with the company and the Hanna family based on an 18-year partnership as one of our key converting partners in the region, and we are excited about the clear cultural and operational fit between the two companies. This acquisition expands our geographic footprint to better serve global and local customers, and will enable us to improve WestRock’s beverage packaging business in the region while expanding our participation to a variety of other attractive end markets.” Click Read More below for additional details.

Smithers anticipates major changes as $231.7 billion world corrugated packaging market returns to growth trajectory. Global containerboard and corrugated board demand are facing a series of challenges and shifts in market dynamics across the next five years. These are expertly profiled, and quantified in the new market data report – The Future of Global Corrugated Packaging to 2029 – from Smithers. Published today, its in-depth analysis of capacity changes, pulp pricing, and end-user demands shows that in 2023, global containerboard production was 183.4 million metric tons, a -4% decline on 2022. These were converted into around 165 million tons of corrugated board, a decrease of more than -7% on 2022; with value reaching $224.4 billion. This reflects the end of the period of disruption in world supply that began in 2020 with Covid-19, which was characterized by disruption to global logistics impacting demand, price fluctuations leading to high inventories, and subsequent destocking.

Sonoco has been awarded several Gold- and Silver-level Achievement Awards at the Flexible Packaging Association (FPA) Annual Meeting. Sonoco’s PrimaPak® package for Perfetti Van Melle Mentos® SHARE-A-BOWL™ was awarded a Gold Award for Packaging Excellence, a Silver Award for Expanding the Use of Flexible Packaging and a Silver Award for Technical Innovation. Sonoco’s PromoPeel™ integrated label technology for flexible packaging was awarded a Silver Award for Printing and Shelf Impact. “We’re so proud of these achievements – it’s an honor to be recognized by our peers,” said Ross Bushnell, division vice president and general manager, Sonoco Global Flexibles. “As a company, we value brand and consumer insights as the engine for innovation. Each of these new technologies represents unmet needs in the marketplace, delivering added value to both customers and consumers, and that’s a powerful combination.” Click Read More below for additional information.