HoustonPoly Announces Price Increase

*Record quarterly net sales of $5.4 billion increased 21.3% year-over-year *Net income of $40 million declined $73 million year-over-year, or 64.5%. Adjusted Net Income of $309 million increased $164 million year-over-year, growing 112.9% *Net income in the second quarter of fiscal 2022 was impacted by $363 million of pre-tax restructuring and other costs ($321 million of which was non-cash), or $1.04 per diluted share, primarily associated with the previously announced closure of the Panama City, Florida paper mill *Record second quarter Consolidated Adjusted EBITDA of $854 million increased 33.3% year-over-year *WestRock’s board of directors authorized an additional 25 million share repurchase program

The new state-of-the-art 4-colour converting machine will produce the well-known FEFCO 0201 bespoke boxes and alternative grades for customers. It is currently in start-up phase and equipped with an advanced automatic inline error detection system. The computer-controlled technology will check the quality of the printing and gluing and enhance the accuracy of the machinery while applying additional preciseness to the die-cutting lines in the packaging and folding process. Philip Bautil, Managing Director of DS Smith Benelux: “We are thrilled to take this new step in our ongoing commitment to excellence and sustainability. This investment underscores our dedication to delivering high-quality packaging solutions that meet the needs of our customers while contributing to a more sustainable future,”

Amcor announced the opening of its latest Innovation Center in Jiangyin, China. The new center brings advanced packaging technologies and more sustainable material science to Asia Pacific, helping to drive growth and innovation across the region. At the core of all Amcor innovation centers are three key programs designed to encourage collaboration on how to develop, in real-time, the best solution that meets customer requirements that will help facilitate growth. • The Catalyst™ program - a flexible, collaborative, and creative approach of co-innovation that allows customers to customize solutions for their markets and customers, leveraging advanced analytical and material science labs. • The Ideation and Prototyping Innovation Lab – taking consumer insights and ideas to conduct rapid prototyping, helping significantly shorten product development and evaluation cycles. • The Applications Lab – offering a range of production machinery testing capabilities to identify potential issues quickly and early, helping to make the product development process more efficient, cost-effective and seamless.