Total Packaging Papers shipments were 240,000 tons, 2.5 percent higher than December 2016. Bag & Sack shipments were up 1.3 percent year-to-date, while Food Wrapping shipments were down 6.0 percent over the same period. The operating rate for December 2017 was the second highest of the year at 92.0 percent, while the year-to-date rate was 88.6 percent. Inventories were 165,800 tons, down 4.2 percent since November 2017.
http://afandpa.org/media/news/2018/01/16/american-forest-paper-association-releases-december-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Pregis®, a leading global manufacturer of protective packaging, mailing and bagging, and flexible packaging solutions, has made significant investments in new production lines at its Bethel, Pennsylvania, and Reno, Nevada facilities to increase capacity for its Pregis EverTec™ Mailer portfolio, with a particular focus on the EverTec Non-Cushioned Mailer. This investment underscores the company's commitment to meeting the growing needs of ecommerce fulfillment and retail industries. "This expansion results from strategic planning and determined readiness to meet surging ecommerce and retail demands for fiber-based, curbside recyclable mailers. Upgrading our existing facilities with new production lines means widening our footprint and making it easier to provide our most popular mailing solutions to customers nationwide," explains Stephan Carter, president of Pregis Mailing Solutions. "With the latest enhancements in production capabilities, Pregis continues to lead the way in delivering reliable and efficient packaging solutions to meet the evolving demands of the market."
Net sales of $1.3 billion increased 8% as reported. Currency contributed $25 million, or approximately 2%, to net sales as compared to first quarter 2020. Net earnings in first quarter 2021 were $106 million, or $0.68 per diluted share, as compared to net earnings of $115 million, or $0.74 per diluted share, in first quarter 2020. The effective tax rate in first quarter 2021 was 34.0%, as compared to 22.2% in first quarter 2020. The current year effective tax rate was unfavorably impacted by legislative and administrative changes to enacted foreign statutes.
Construction is scheduled to begin soon on a $91 million upgrade at Georgia-Pacific’s containerboard mill in Monticello, Mississippi. It's one of the company’s largest investments in the Lawrence County facility. The project consists of replacing the log line, which includes scales, cranes, a rechipper, unbinding racks and other critical equipment needed to safely unload trucks and prepare logs and chips for processing into pulp. “This project will create long-term value and improve our capabilities as we work to become the best manufacturer in the industry,” said Drexel Lambert, vice president for Georgia-Pacific containerboard operations.