Aptar Pharma Continues Global Expansion with North America Capacity Extension

The need for easily understandable information regarding sustainability issues is constantly increasing. By creating the ‘Sustainability Unfolded’ platform, Metsä Board, part of Metsä Group, aims to provide a consumer-oriented and fresh way to open up and address sustainability topics, especially in the context of packaging sustainability. The targets are clear: increase understanding, challenge myths, and help make the right everyday choices. When talking about sustainability, themes like deforestation, climate change, recycling and greenwashing are crucial topics that deserve attention. In the era of information overload, corporations have to find ways to democratise sustainability information and make it more accessible and understandable. Metsä Board decided to tackle this in a new way. “The way ‘Sustainability Unfolded’ talks about these complex issues is somewhat unconventional for the industrial B2B-sector. The goal is to stimulate and engage the reader, and encourage everyone to look at the topics from a wider viewpoint. We built an editorial platform to make the subject matter more engaging to consume, with intriguing headlines and content that people will want to explore further,” states Marjo Halonen, VP Communications at Metsä Board.

Net sales for the third quarter of 2020 were $1.31 billion, down 3.1 percent from last year's third quarter sales of $1.35 billion. The sales decline was driven by lower volume/mix, a stronger U.S. dollar and lower selling prices. These negative impacts were partially offset by sales added from acquisitions. GAAP net income attributable to Sonoco in the third quarter was $83.4 million, or $0.82 per diluted share, a decrease of $8.6 million, compared with $92.1 million, or $0.91 per diluted share, in 2019. Gross profit was $257.0 million in the third quarter compared to $265.5 million in the same period in 2019. Quarterly gross profit as a percentage of sales was essentially flat year over year at 19.6 percent. Third-quarter selling, general and administrative expenses increased $5.8 million from the prior year to $126.1 million.

PaperWorks Industries has invested $3 million in a new warehouse for its Wabash, Indiana paperboard mill. The new facility is expected to be operational during the first quarter of 2018. The 44,500 square foot addition to the company's existing mill will be capable of storing up to 7,000 tons of coated recycled board (CRB) rolls. The mill produces PaperWorks' recently launched MasterWorks Ultra 100 line, as well as other CRB grades. "Over the past three years, PaperWorks has invested more than 60 million dollars to upgrade its paperboard mills and folding carton converting plants. This latest investment is designed to lower costs, improve service and reduce our environmental footprint at this location," said Andy Bolton, president and chief executive officer. Click Read More below for additional information.