Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Total packaging papers & specialty packaging shipments in September increased 14 percent compared to September 2019. They were up four percent when compared to the same nine months of 2019. The operating rate was 92.3 percent, up 6.7 points from September 2019 and essentially flat (-0.1 pts.) year-to-date. Mill inventories at the end of September decreased 3,000 short tons from the previous month, and were up 12,000 short tons compared to September 2019.

Sappi Europe announces a price increase for all its containerboard grades by 8 - 10% for deliveries from 1 July 2021. The ongoing sharp rise in raw material costs, particularly pulp, chemicals and energy in combination with high freight rates make price adjustments unavoidable.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050. “By setting science-based targets, we are committing to taking steps to reduce our greenhouse gas emissions, which is crucial to mitigating the impacts of climate change,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division. “The SBTi goal-setting process helps to strengthen and unify our company’s overall commitment to reduce greenhouse gas (GHG) emissions, while SBTi’s validation of our goals gives our employees, customers, and communities confidence that we are being good stewards of our natural resources.”