American Forest & Paper Association Releases June 2020 Boxboard Monthly Report

Huhtamaki introduces Smilepack, a 100% plastic free molded fiber egg carton, in the United States and Brazil. Smilepack cartons are Huhtamaki’s first product designed especially for the U.S. egg industry, providing a sustainable and functional alternative to traditional polystyrene foam or plastic packaging for eggs. In the United States, the egg packaging market is expected to reach $405 MN at a CAGR of 4.38% by 2025*. The Smilepack egg cartons are made with fiber recovered from recycled paper, which can be reused up to seven times. The cartons can be recycled in regular paper stream and they are home and industrially compostable. Smilepack is already in use in the U.S. by a prominent producer and distributor of free-range eggs, whose products are sold in retail stores across the country. It is estimated that by switching to fiber packaging, this company will eliminate around 4.6 million plastic egg cartons, or around 200 metric tons of plastic annually.

*Second quarter net earnings (loss) attributable to International Paper of $432 million ($1.09 per diluted share), compared with $349 million ($0.88 per diluted share) in the first quarter of 2021 and $266 million ($0.67 per diluted share) in the second quarter of 2020 *Second quarter cash provided by operations of $766 million and year-to-date of $1.3 billion compared with $1.5 billion year-to-date in the same period of 2020 *Ilim equity earnings of $101 million, bringing year-to-date to $150 million *Share repurchases of $57 million, bringing year-to-date to $186 million *Debt reduction of $796 million, bringing year-to-date to $904 million *Monetized remaining investment in Graphic Packaging for approximately $400 million

We’ve partnered with sustainable cable tie pioneer EVLR International to introduce FibreStrap to North America. FibreStrap is the world’s first fiber-based zip tie, designed to replace the traditional plastic cable tie when bundling, securing, or attaching items. FibreStrap’s patented design makes it easy to replace current plastic zip tie solutions in nearly any industry. FibreStrap is made from sustainable forest products, reduces carbon emissions and water usage by more than 80 percent, and has the performance characteristics required by the most demanding applications.