Total Packaging Papers shipments were down 6.6 percent compared to March 2017 and down 6.5 percent year-to-date. Bag & Sack shipments were down 8.3 percent year-to-date. Multiwall shipments were down 12.6 percent. Converting shipments were down 2.8 percent and Food Wrapping shipments remained essentially flat. The operating rate for March decreased to 87.4 percent from 88.5 percent in February. Inventories were up 1.4 percent since February.
http://afandpa.org/media/news/2018/04/18/american-forest-paper-association-releases-march-2018-u.s.-packaging-papers-specialty-packaging-monthly-report
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January–September 2020 (compared to 1–9/2019) •Sales were EUR 1,416.4 million (1,453.4). •Comparable operating result was EUR 156.7 million (145.3) or 11.1% (10.0%) of sales. Operating result was EUR 162.7 million (160.8). •Comparable earnings per share were EUR 0.33 (0.32), and earnings per share were EUR 0.34 (0.36). •Comparable return on capital employed was 11.8% ( 11.0%). •Net cash flow from operations was EUR 226.7 million (110.9). July–September 2020 (compared to 7–9/2019) • Sales were EUR 471.2 million (489.2). •Comparable operating result was EUR 62.5 million (42.5), or 13.3% (8.7%) of sales. Operating result was EUR 62.5 million (42.5). •Comparable earnings per share were EUR 0.13 (0.09), and earnings per share were EUR 0.13 (0.09). •Comparable return on capital employed was 14.3% (9.7%). •Net cash flow from operations was EUR 74.4 million (43.8).
Crown Holdings, Inc.’s Spartanburg, South Carolina, aerosol plant is set to offset one-third of its annual electrical usage by implementing a new solar panel array, covering approximately five acres. The project marks Crown’s first use of solar power energy worldwide and contributes to one of the Company’s 2020 sustainability goals of reducing its energy consumption by implementing renewable and alternative energy projects at the local level. “Crown’s mission is to continue identifying unique sustainability projects that align with our commitment to manage and conserve resources and bring innovations to market that support the sustainability efforts of our customers and consumers,” said John Rost, Director of Sustainability and Regulatory Affairs, Crown Holdings, Inc. “Working with Keystone Power Holdings to enact a project of this scale is a prime example of this effort in action. This project also contributes to Crown’s wider goal of continuing to drive down its emissions.” Click Read More below for additional information.
The American Forest & Paper Association (AF&PA) has released its April 2022 Packaging Papers & Specialty Packaging Monthly report. According to the report, total packaging papers & specialty packaging shipments in April decreased two percent compared to April 2021. They were up one percent when compared to the same four months of 2021. The operating rate in April 2022 was 94.0 percent, up 1.4 points from April 2021 and up 1.3 points year-to-date. Mill inventories at the end of April decreased 6,000 short tons from the previous month, and were down 8,000 short tons compared to April 2021.