Amcor recognized for corporate sustainability in S&P Global Sustainability Yearbook 2024

Mid South Extrusion, a family-owned flexible film and bag manufacturing company, is investing $12.5 million to expand production capacity with the addition of two new, state-of-the-art polyethylene extrusion lines at its facility in northeast Louisiana. This is the second expansion the Ouachita Parish-based company has announced in seven months. In September, Mid South Extrusion announced a $17 million investment for two similar production lines to support growing consumer demand. “Mid South Extrusion’s rapid rate of expansion illustrates the strength of Louisiana’s manufacturing sector and shows our state’s critical role in the made-in-America supply chain,” LED Secretary Susan B. Bourgeois said. “It is always encouraging to see local, family-owned businesses like Mid South Extrusion grow – especially at this impressive pace. We are thrilled that as the company continues on its path of success and impact, it still calls Louisiana home.”

Stora Enso will record non-cash impairments of approximately EUR 514 million in its IFRS operating result in the fourth quarter of 2023. The impairments will be reported as an item affecting comparability (IAC). Including the estimated positive tax effect of EUR 65 million, the net result impact will be approximately EUR 449 million negative. The fixed asset impairments in the Packaging Materials division mainly relate to the Business Unit Containerboard and in the Biomaterials division to the Nordic production units. The impairments are mainly a consequence of Stora Enso's predictions of a weaker outlook compared to previous estimates.

The Mayr-Melnhof Group (MM) has joined the global initiative “Business Ambition for 1.5 ° C” in order to use suitable measures to help limit global warming to 1.5 degrees. As part of this platform, which was launched by the UN Global Compact and the Science Based Targets Initiative (SBTi), MM is committed to setting science-based climate targets. These provide for net zero emissions in the entire value chain by 2050 at the latest. MM is thus increasing the pace of its engagement against climate change at the time of important global milestones such as the UN climate conference COP26. Peter Oswald, CEO of the MM Group: “MM is a sustainability company that is at the forefront of avoiding plastic waste with innovative recyclable packaging made from renewable raw materials. In addition, the reduction of greenhouse gas emissions to mitigate climate change is an integral and fixed part of our corporate strategy. That is why we set ourselves ambitious, science-based goals and take an active part in the Business Ambition for 1.5 ° C initiative in order to jointly promote climate-friendly economic activity. "