International Paper Completes Sale of Ownership Interest in Ilim Joint Venture

Tetra Pak has launched a new, first-of-its-kind low-energy processing line for juice, nectar and still drinks (JNSD) to take beverage processing to a new level of efficiency. Innovatively using a unique combination of Pasteurization, Filtration and UV Light technology to treat beverages in two separate streams, which are aseptically blended together into the final beverage. Instead of pasteurizing the whole volume of the product, the new production line separates out water and pasteurizes only the concentrate. Water is treated separately with Filtration and UV Light which requires a lot less energy. In the new JNSD line customers reduce energy consumption up to 67% and water consumption used for cleaning-in-place, sterilisation and product change-over is cut up to 50%.

Solenis, a leading producer of specialty chemicals, is collaborating with Heidelberger Druckmaschinen AG, an innovative technology company with a leading position in the global printing industry, to advance a more cost-effective way of integrating barrier coatings for paper packaging directly within the existing flexographic printing process. Barrier coatings are used to repel hot and cold liquids, oils, greases, and water vapor in paper packaging. With this innovation, packaging producers can use the HEIDELBERG portfolio of flexographic machines to print-apply Solenis’ barrier coatings. This expands the possibilities for flat sheet paper and inline web-fed flexo applications with improved product performance and better production efficiency.

Klabin recorded, in the first quarter of 2023, Adjusted EBITDA (Earnings before Interest, Taxes, Fees , Depreciation and Amortization) of R＄ 1.942 billion, up 13% over the same period of the previous year. In the first three months of the year, the Company's sales volume, excluding wood, totaled 881 thousand tons. The flexibility of Klabin's integrated business model benefited the conversion of paper into packaging, minimizing the Company's exposure to the Kraftliner foreign market. As a result, Net Revenue reached R＄ 4.831 billion in 1Q23, growth of 9% compared to 1Q22, a result that also reflects the price adjustments carried out over the last few months. The ROIC (Return on Invested Capital) reached 19.4% in the period, demonstrating the Company's ability to combine growth with the generation of value for shareholders.