HoustonPoly Announces Price Increase

Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation. The acquisition will significantly strengthen Stora Enso’s presence in European packaging markets and provide an entry into the corrugated packaging market in the Netherlands, Belgium, Germany and the UK. With the acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. De Jong Packaging Group’s full year 2022 sales is estimated at approximately EUR 1 billion. Its product portfolio and geographic presence complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.

Clearwater Paper Corporation announced a collaboration with Charter Next Generation (CNG) for an early-to-market initiative to include advanced recycled polyethylene in Clearwater Paper's private label tissue packaging offerings. Advanced recycling includes difficult-to-recycle waste plastics converted into new plastics that perform like virgin materials. The purchase of this material in the place of traditional resins helps to give new life to some plastics otherwise headed to landfills. "CNG is providing a competitive edge and is leading the way in transforming waste plastics into useful products. This advancement is critical to our success in meeting and exceeding sustainability goals for Clearwater Paper," said Mike Urlick, senior vice president and general manager, consumer products at Clearwater Paper.

January–June 2020 (compared to 1–6/2019) • Sales were EUR 945.2 million (964.2). • Comparable operating result was EUR 94.2 million (102.8), or 10.0% (10.7%) of sales. Operating result was EUR 100.3 million (118.3). • Comparable earnings per share were EUR 0.19 (0.23), and earnings per share were EUR 0.21 (0.27). • Comparable return on capital employed was 10.7% (11.7%). • Net cash flow from operations was EUR 152.3 million (67.1). April–June 2020 (compared to 4–6/2019) • Sales were EUR 473.1 million (477.1). • Comparable operating result was EUR 60.5 million (41.0), or 12.8% (8.6%) of sales. Operating result was EUR 66.5 million (46.4). • Comparable earnings per share were EUR 0.13 (0.09), and earnings per share were EUR 0.15 (0.10). • Comparable return on capital employed was 13.9% (9.7%). • Net cash flow from operations was EUR 72.3 million (30.7).