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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*Net sales in Q4 of $1.4 billion, down 2% as reported; flat constant currency and in 2023 of $5.5 billion, down 3% as reported; down 1% constant currency *Net earnings in Q4 of $125 million, up 32%, and in 2023 of $339 million, down 31%. *Earnings per share (Diluted) in Q4 of $0.86, up 32%, and in 2023 of $2.34, down 30%. *Cash flow from operations of $516 million in 2023.
The 3D fibre product demo plant jointly owned by Metsä Group's innovation company Metsä Spring and Valmet was inaugurated in Äänekoski on Monday, 22 August 2022. The demo plant was inaugurated by Minister of Science and Culture Petri Honkonen, President and CEO of Metsä Group Ilkka Hämälä and CEO of Valmet Pasi Laine. The new Muoto® product, which is manufactured by the demo plant, is a significant new opening in the packaging market. Made from renewable and sustainably grown wood raw material, Muoto is an excellent alternative to plastics in many end uses, for example food packaging of different sizes and shapes. "It is important that new types of value-added products are developed from Finnish pulp, of which Muoto is a great example. It is a packaging material made from fossil-free raw materials for people's everyday life. We continue the development work towards a broader business," says Ilkka Hämälä.
First Quarter Highlights and other notable items: *Net sales of $4.6 billion; Corrugated Packaging segment sales increased 3.5% compared to the prior year quarter *Global Paper containerboard shipments increased 21.9% compared to the prior year quarter *Net loss of $22 million; net loss included $66 million of restructuring and other costs *Achieved over $200 million in cost savings; expect to significantly exceed previously announced fiscal 2024 target of $300 to $400 million