American Forest & Paper Association Releases December 2020 Packaging Papers Monthly Report

Sonoco announced it has signed an agreement to sell its Europe contract packaging business to Prairie Industries Holdings, a Wisconsin-based contract packaging and contract manufacturing firm backed by The Halifax Group, a Washington, D.C.-based global investment firm, for $120 million in cash. The transaction is subject to normal closing requirements and is expected to be completed in the fourth quarter of 2020. Sonoco’s Europe contract packaging business (Sonoco Poland Packaging Services Sp. z o.o.) produced net sales of approximately $300 million in 2019 and provides full-service custom packaging and supply chain management solutions to global consumer product goods companies through six contract packaging facilities in three locations and a warehouse all in Poland. The business is part of Sonoco’s Display and Packaging segment and has approximately 2,600 employees.

Atlantic is excited to announce that the Science Based Targets initiative (SBTi) has approved our science-based targets for reaching net-zero greenhouse gas emissions by 2046! Atlantic Packaging is the first North American packaging company with an approved net-zero target. Overall Net-Zero Target: *Atlantic commits to reach net-zero greenhouse gas emissions across its value chain by 2046, which is Atlantic’s 100th birthday. Near-Term Targets: *Atlantic commits to reduce Scope 1 and 2 greenhouse gas emissions 70% by 2030, from a 2021 base year. *Atlantic also commits that 55% of its suppliers by spend, covering purchased goods and services, will have science-based targets by 2027. *Atlantic further commits to reduce 25% of its Scope 3 greenhouse gas emissions from purchased goods and services by 2030, from a 2021 base year.

The two new containerboard production lines will be designed to produce high-quality testliner grades out of 100 percent recycled raw materials as the four production lines ordered last year. The start-ups of PM 43 and PM 45 are scheduled to take place within a few months' timeframe in 2019. The start-ups of the four previous production lines are scheduled to take place a few months apart from each other starting from mid-2018. PM 43 and PM 45 will produce testliner grades with a basis weight range of 75-140 g/m2. Click Read More below for additional information.