Containerboard production was down 3.0 percent compared to February 2017 and down 1.1 percent year-to-date. The month-over-month average daily production compared to January 2018 was 3.2 percent lower. The containerboard operating rate was 94.1 percent, or 3.1 percentage points lower than the same month last year. Production for exports was 6.0 percent lower than February 2017 and 8.4 percent lower year-to-date.
http://afandpa.org/media/news/2018/03/16/american-forest-paper-association-releases-february-2018-containerboard-report
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Atlantic Packaging Products, Ltd., of Scarborough, Ontario, Canada, is pleased to announce the formation of a strategic partnership with York Container Company (YCC) of York, Pennsylvania. Details and terms of this partnership are not being disclosed. Stephen Tansey, President and representative of YCC's shareholders, commented "York Container is committed to growth and providing innovative solutions to our customers. We have enjoyed robust growth over the past several years, but we believe that in order to take our plans to the next level we need to partner with a like-minded company to expand geographically and extend our capabilities to a broader customer base. After an evaluation of our various options, we are thrilled to join forces with Atlantic. This is the best possible outcome for all of our stakeholders, in particular, our customers and employees." Irving Granovsky, Chairman of Atlantic Packaging, describes the rationale for this transaction: "Atlantic is always looking for progressive and well-managed companies to team up with. We feel York Container is a wonderful addition to our partnership portfolio." Click Read More below for additional detail.
With demand increasing, Novolex® brand Shields® is stepping up production of its innovative poly mailers to help companies ship their products more reliably and securely. Manufactured in the USA, the Shields eCommerce mailer bag is durable, puncture resistant and waterproof. Its easy-to-use closure uses a secure, pressure-sensitive adhesive with an anti-static release liner. The mailer is also labeled with the How2Recycle® “store drop-off” label, which instructs consumers and businesses to bring mailers to participating retailers for recycling. “The pandemic is creating an intense need for secure poly mailers manufactured dependably in the USA,” said Martin McDonough, Vice President of Sales for Shields. “We are increasing production of our high-quality mailers so we can help as many companies as possible ship their products more reliably and securely.”
The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin recorded Adjusted EBITDA (Earnings before Interest, Taxes, Fees, Depreciation and Amortization) of R$ 1,344 billion in the second quarter of 2023, a decrease of 27% compared to the same period of the previous year, excluding one-off effects. In the second quarter of 2023, the company achieved net income of R$4.293 billion. It is worth highlighting the corrugated cardboard segment, whose revenue grew 5% in the second quarter of 2023 in the annual comparison. The positive result reinforces the benefits of Klabin's integrated business model. The ROIC (return on invested capital) reached 17.4% in the last 12 months, proving the Company's ability to generate value for shareholders even in challenging economic scenarios.