American Forest & Paper Association Releases July 2020 Containerboard Monthly Report

Q3 2023 in brief *Net sales decreased 12% to EUR 1,037 million (EUR 1,178 million) *Comparable net sales growth at Group level was -4% and -7% in emerging markets. Q1-Q3 2023 in brief *Net sales decreased 7% to EUR 3,136 million (EUR 3,375 million) *Comparable net sales growth at Group level was -1% and -3% in emerging markets *Capital expenditure was EUR 204 million (EUR 185 million) *Free cash flow was EUR 193 million (EUR -60 million)

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.

Sealed Air Corporation announced that it is implementing a price increase of 2.5 – 5.0% for the majority of its Food Care division’s products in Europe, Middle East and Africa with the exception of Switzerland and the United Kingdom who received price increases earlier in the year. The increase will be effective January 1, 2018. “The price adjustment is the result of escalation of notable increases in the Company’s raw materials costs including a 19% rise in the price of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as well as other non-materials costs such as power, labor and transportation in the range of 1-4%,” said Karl R. Deily, President of Sealed Air Food Care division. “Despite the necessary price changes, we are working to minimize the impact to our customers while delivering them the same high level of value and innovation.” The price changes include an increase on all shrink bags, rollstock products, food films and vertical pouch packaging.