Containerboard production was up 3.5 percent compared to March 2017 and up 0.5 percent year-to-date. The month-over-month average daily production compared to February 2018 was 3.5 percent higher. The containerboard operating rate was 97.4 percent or 0.7 percentage points higher than the same month last year. Production for exports was 3.3 percent lower than March 2017 and 6.7 percent lower year-to-date.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-containerboard-report
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• Q2 ahead of Q2 2023 • Half-year financial results below previous year due to pricing • Cash flow significantly improved • Strong volume increase in Board & Paper • For more transparency Packaging from now on reported as two divisions: MM Food & Premium Packaging and MM Pharma & Healthcare Packaging • Solid performance in Packaging divisions • Considerable reduction of carbon footprint vs. 1st HY 2023. Peter Oswald, MM CEO, comments: “The MM Group succeeded in improving its adjusted EBITDA and adjusted operating profit in the 2nd quarter compared to both the previous two quarters as well as last year’s 2nd quarter. The consistent execution of the profit & cash protection programme led to a significant increase in cash flow from operating activities and free cash flow. At the same time, the Group’s financial leverage remained largely constant.
Metsä Group’s innovation company Metsä Spring and Valmet have decided to continue the development collaboration related to 3D fibre products and hence, to invest jointly approximately EUR 20 million in a new R&D project. As part of the project, a greenfield pilot plant will be built on Metsä Group’s mill site in Äänekoski, Finland. When operational, the pilot plant will employ roughly 10 persons. The technology applied in the pilot plant converts wet wood pulp into final 3D fibre products without any intermediate steps. In other words, the new environmentally-friendly 3D fibre products are ready to be shipped to end customers as such. “Our objective is to develop a novel wood-based 3D fibre product, which can replace, for instance, packages made out of fossil raw materials. The pre-study phase with Valmet was a success. We have thus decided to accelerate the pace of development by constructing a pilot plant. I believe that our possibilities for developing a new significant added-value product for the Finnish forest industry are good”, says Jarkko Tuominen, head of the project at Metsä Spring.
Inteplast Group has acquired CoolSeal USA, LLC. The plastic corrugated manufacturer and fabricator is based in Perrysburg, OH. CoolSeal USA will operate under Inteplast Group’s World-Pak Division. Andy Chen, general manager of World-Pak, said that CoolSeal USA’s leadership in the corrugated boards market complements Inteplast Group’s produce, warehousing, and other products used for packaging and storage. “We are enthusiastic about welcoming CoolSeal USA into the Inteplast Group fold. Its commitment to developing sustainable and recyclable products aligns with our stance on supporting supply chains that eliminate or otherwise encourage reusability and less waste,” Chen said. “With CoolSeal on our team, World-Pak, and Inteplast Group, by extension will expand our collective contributions to a circular economy beyond the industries, customers, and communities we serve.”