American Forest & Paper Association Releases July 2017 Boxboard Report

Food packaging is incredibly important to our day-to-day lives but pressing sustainability issues mean that alternative materials are becoming a requirement rather than an option. The next time you’re in a grocery store imagine that food packaging didn’t exist. Your bananas and oranges don’t need packages, but buying milk or flour is suddenly a whole lot more complicated. Many foods wouldn’t be available at all, because they wouldn’t remain fresh. Food packaging is extremely important to our modern lives and plays a critical role in both the safety and sustainability of our food supply. Food packaging must be a good marketer so that people want to buy the product. It must also be cost-effective. Increasingly, people demand sustainable packaging. Perhaps most importantly, packaging must be a protector, so the food remains safe.

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account. The net proceeds from the sale of all our Russian assets will be distributed to shareholders as soon as reasonably practicable following receipt, once our exit from Russia has been completed.

U.S.-made masks and gloves became a national priority during the Covid-19 pandemic. Now the manufacturers need a lifeline of their own. Domestic production of protective medical equipment that was in short supply during the pandemic is now collapsing as hospitals and other healthcare buyers return to foreign-based suppliers. About 70% of the 100 or so U.S. mask companies launched during the pandemic have closed, according to industry estimates. U.S. production of N95 and surgical masks fell by more than 90% in 2023 from 2021 levels after elimination of masking requirements knocked out consumer demand.