DS Smith to acquire CCC to boost its box-making capacity

Amcor announced a further increase in its sustainability efforts by committing to science-based targets to reduce greenhouse gas (GHG) emissions and to achieve net zero emissions by 2050. This commitment has been recognized by the Science Based Targets initiative (SBTi) and builds on the success of Amcor’s EnviroAction program. Since the program started in 2008, Amcor has already reduced GHG emissions intensity by 35% and is on track to deliver a cumulative 60% reduction by 2030. “For more than a decade, Amcor has been successfully reducing the footprint of its carbon and other GHG emissions,” said David Clark, Vice President of Sustainability at Amcor. “We are excited to step up those ambitions by committing to science-based targets as we continue our journey to net zero emissions.”

Koehler Paper has added “Koehler NexPlus® Seal WVB” to its portfolio of innovative flexible packaging paper in the NexPlus® product line. “Koehler NexPlus® Seal WVB” is a heat-sealable paper which boasts a vapor barrier as its functional layer, thereby offering optimal product protection. The barrier paper is used as primary and secondary packaging and is suitable for a variety of food and non-food products. These include household items like dishwasher tabs, washing powder and bath tabs. “Koehler NexPlus® Seal WVB” is produced with a grammage of 75 gsm. Thanks to its outstanding strength properties, excellent sealability, and optimal runnability “Koehler NexPlus® Seal WVB” is ideally suited for processing on all conventional converting and packaging machines—particularly for gravure and flexographic printing. The barrier paper is made from 100-percent certified virgin fiber pulp, which means it is equally suitable for direct contact with food.

The company reported net sales of $426.5 million for the third quarter of 2017, down 2.0% compared to net sales of $435.3 million for the third quarter of 2016. Net earnings determined in accordance with generally accepted accounting principles, or GAAP, for the third quarter of 2017 were $0.9 million, or $0.05 per diluted share, comparable to net earnings for the third quarter of 2016 of $0.9 million, or $0.05 per diluted share, as a $2.4 million tax benefit from Federal tax credits in the third quarter of 2017 more than offset a pre-tax loss of $2.2 million for the quarter. Excluding certain non-core items identified in the attached Reconciliation of Non-GAAP Financial Measures, third quarter 2017 adjusted net earnings were $5.3 million, or $0.32 per diluted share, compared to third quarter 2016 adjusted net earnings of $2.4 million, or $0.14 per diluted share. Earnings before interest, taxes, depreciation and amortization, or EBITDA, were $31.3 million for the third quarter of 2017 compared to $32.0 million for the third quarter of 2016. Adjusted EBITDA for the quarter was $37.6 million, up 9.7% compared to third quarter 2016 Adjusted EBITDA of $34.3 million. Click Read More below for additional information.