Mondi – Update on Ukraine / Russia

Industrial Packaging Corporation (IPC) has announced the addition of a new Kraft Paper Honeycomb panel line in Arcadia, WI, located 40 miles northwest of La Crosse, WI. This new equipment adds to IPC’s Honeycomb capacity, currently supplied from Wilton, IA. With two Honeycomb operations in the Upper Midwest, IPC will better service the states of Wisconsin, Minnesota, North Dakota, and South Dakota. Additionally, this will free up capacity restraints in the Wilton, IA facility to better serve Iowa, Nebraska, Kansas, Missouri, and Illinois. IPC is a family owned and has been in business since 1989. In addition to Kraft Paper Honeycomb, IPC manufactures Build Up A-flute products of Angle Pads, U Channels, and Flat Pads, in Tomahawk, WI, Arcadia, WI and Fort Payne, AL.

Pregis® announces the expansion of its Inspyre™ product line with the new Inspyre™ Mailer, amplifying its contributions to help fight water insecurities in communities around the world. Inspyre™ packaging is a brand member of 1% for the Planet, with one percent of the product line’s sales funding Uzima, a charity that makes and distributes water filters that provide clean drinking water to people in need. The Inspyre mailer offers an efficient, lightweight, and sustainable way to ship non-fragile items and soft goods such as apparel, linens, in direct-to-consumer e-commerce applications. Made with a minimum of 30 percent recycled content, the new Inspyre poly mailer offers customers a unique packaging solution that contributes to sustainability goals and positive change. The mailer, available in fanfold and roll stock, runs through Pregis Sharp automated bagging systems, which can increase throughput by four times that of manual packing applications, helping fulfillment centers maximize efficiency and minimize labor constraints.

Cascades announces an important repositioning of its Tissue Papers platform to enhance the performance of the business. The Company will simplify operations by concentrating the majority of its tissue product operating activities at core, geographically well-positioned sites that offer opportunities for future development. These changes will reduce costs, create synergies and significantly improve the Tissue Group’s financial, operational and environmental performance. This decision will not affect the level of service Cascades provides to its customers. Beginning in July 2023, Cascades will progressively close its underperforming plants in Barnwell, South Carolina, and Scappoose, Oregon, as well as the virgin paper tissue machine at its St. Helens plant, also in Oregon. The equipment slated for closure, which have a combined total annual rated capacity of 92,000 short tons of tissue paper and 10 million cases of converted product, have been operating below capacity producing 56,000 short tons of tissue paper and 5 million cases of converted product in 2022, mostly on the West coast. A portion of this production will be absorbed by open capacity at our other facilities and by the increase in productivity at our sites, particularly in the United States. Cascades has the option to evaluate the possibility of redeploying the seven conversion lines impacted by this decision to other sites at a later date.