Containerboard production was 2.0 percent higher compared to August 2016. The month-over-month average daily production compared to July 2017 was 1.0 percent lower. The containerboard operating rate for August decreased from 97.9 percent to 96.9 percent, which was 0.8 percentage points higher compared to August of last year. Year-to-date production of containerboard for export is up 4.4 percent.
http://afandpa.org/media/news/2017/09/19/american-forest-paper-association-releases-august-2017-containerboard-report
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Printpack, a US-based manufacturer of flexible and specialty rigid packaging, is pleased to announce a strategic partnership with Sirane, a UK-based leader in paper coating and paper-based packaging. Together, the two companies will jointly enable customers to reach their sustainability goals by offering recyclable, coated paper packaging. The combination of Printpack’s printing and laminating knowledge with Sirane’s paper coating and pouch forming expertise creates the perfect partnership to fulfill the market need. Well over half of US consumers rank paperboard or paper as extremely or very sustainable. Further research reveals that 66% of US consumers think that paper is best for the environment. Its wide ability to be recycled helps positively position paper in the minds of consumers. Recyclability is one of the features most associated with environmentally friendly packaging.
First Quarter Summary • Reported sales increased 17%, including the positive effect of currency rates (+10%) • Core sales, excluding currency effects, rose 7% driven by growth in each business segment • Reported net income (8% of net sales) increased 14% to $59 million • Adjusted EBITDA (19% of net sales) increased 17% to $134 million • Reported earnings per share grew 14% to $0.92 and included costs associated with our business transformation ($0.07 per share) • Adjusted earnings per share of $0.99 compared to prior year reported earnings per share of $0.81 (+22%) and to prior year currency adjusted earnings per share of $0.90 (+10%) • Business transformation progressing as planned. Click Read More below for additional information.
Virox Technologies Inc., a leading innovator of patented, sustainable disinfectant chemistries, today announces that it has finalized multi-year licensing and supply agreements with Diversey, A Solenis Company, to bring its latest patented disinfectant technology, Citr-IQTM, to the healthcare sector and others. Diversey is a leading provider of hygiene, infection prevention and cleaning products, and technology, and will add multiple disinfectant products, powered by Virox’s Citr-IQ, to its lineup of professional offerings. Under the terms of the agreements, Virox will receive undisclosed license fees and royalties for the use of the formulas covered under the patented Citr-IQ disinfectant platform, as well as manufacture products containing the Citr-IQ formulas for Diversey’s North American markets. These Citr-IQ products will be produced in Virox’s LEED® Gold Certified manufacturing facility in Oakville, Ontario, Canada. Diversey has previously licensed chemical disinfectant technology from Virox with the patented Accelerated Hydrogen Peroxide® (AHP®) platform, which Diversey fully acquired from Virox in 2019. AHP was created by Virox in 1998, and successfully transformed disinfection with a safe, effective, and sustainable patented chemistry. AHP is used across the globe in human and animal health sectors and is the active ingredient in multiple brands, including Diversey’s Oxivir® and Accel® infection prevention platforms.