Amcor first flexible packaging company to offer certified-circular plastics in Australia and New Zealand

Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. John Steitz, Tredegar’s president and chief executive officer, said, "Our ongoing operations for the third quarter were disappointingly at the break-even level due to low profitability at Bonnell Aluminum from unfavorable cost events, including manufacturing inefficiencies. On the favorable side, net new orders were up 7% over the second quarter but with margin pressures from imports and excess industry capacity." Mr. Steitz continued, "Regarding the trade case brought by a coalition of aluminum extruders and the United Steelworkers against 14 countries, we were very disappointed by the split negative vote by the U.S. International Trade Commission and the surprising recusal of one of its members. The USITC decision on October 30 indicated that it believes the industry was not materially injured by reason of the subject imports, despite preliminary determinations by the U.S. Department of Commerce of pricing below fair value and receiving unfair subsidies. The coalition is evaluating next steps for challenging the decision."

WestRock Company announced today a planned investment in its Florence, South Carolina kraft linerboard mill that will significantly increase the mill’s efficiency, quality and service levels. The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper machines. The company expects the new machine to produce 710,000 tons of kraft linerboard annually. In addition, the company plans to invest approximately $60 million over the next five years to support the new machine and other mill projects. When coupled with the recently completed modern woodyard, the Florence mill will become one of the lowest cost kraft linerboard mills in North America. Click Read More below for additional information.

Graphic Packaging Holding Company announced Michelle M. Fitzpatrick, Ph.D., will join the Company as its first Chief Sustainability Officer. Graphic Packaging has had a long-standing commitment to running operations in a sustainable manner and has continued to advance environmental, social and governance (ESG) programs at the Company to benefit all stakeholders. The Company's consumer packaging solutions are inherently sustainable, are made from renewable and recyclable materials and support the move to a more circular economy.