Total boxboard production decreased 0.4 percent when compared to November 2016 and decreased 2.0 percent from last month. Unbleached Kraft Boxboard production increased over the same month a year ago and increased compared to last month. Total Solid Bleached Boxboard & Liner production decreased when compared to November 2016 and was flat compared to last month. The production of Recycled Boxboard decreased compared to November 2016 and decreased when compared to last month.
http://afandpa.org/media/news/2017/12/19/american-forest-paper-association-releases-november-2017-boxboard-report
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Huhtamaki is investing in a new manufacturing site in Malaysia. In order to better serve its customers and respond to future growth of the sector in Southeast Asia, the company is transferring its Malaysian manufacturing base from Penang to Port Klang, Selangor State, the capital region of Malaysia. The new site is expected to be fully operational by the end of the second quarter of 2021. “By investing in a world-class facility in Malaysia we are creating a platform for future growth in Southeast Asia. The new site is strategically located, it is close to our key customers and has easy access to neighboring countries. We will also use the relocation as an opportunity to modernize our equipment and increase automation to improve efficiency. Our initial focus will be on manufacturing paper cups, as in the existing facility, but the new site will also allow us to expand the product range and introduce new sustainable paper-based technologies as we grow, fully leveraging our global packaging expertise,” says Eric Le Lay, President, Fiber Foodservice EAO.
Third Quarter Highlights (all comparisons made to the June 2019 quarter): *Net sales up 50 percent to $2.9 billion *Operating income up 61 percent to $347 million *Operating EBITDA up 67 percent to $581 million *RPC Group Plc (“RPC”) integration and synergy realization progressing ahead of plan *Increased fiscal year 2020 cash flow from operations and free cash flow guidance to $1.45 billion and $830 million, respectively
The Group's consolidated sales reached EUR 2,528.4 million and were therefore close to the previous year's level (2019: EUR 2,544.4 million). A volume-related increase in sales in the packaging division was offset by a price-related decrease in the cartonboard division. EBITDA increased by 2.4% or EUR 9.3 million to EUR 398.9 million (2019: EUR 389.6 million), the EBITDA margin to 15.8% (2019: 15.3%) ). At EUR 231.4 million, the operating result was 9.4% or EUR 23.9 million below the previous year (2019: EUR 255.3 million). Financial income of EUR 1.7 million (2019: EUR 1.4 million) was offset by financial expenses of EUR -7.9 million (2019: EUR -8.4 million). The “other financial result - net” changed to EUR -3.2 million (2019: EUR 2.8 million), primarily due to changes in the foreign currency result. At EUR 222.1 million, earnings before taxes were therefore 11.6% below the previous year (2019: EUR 251.1 million). Income taxes amounted to EUR 59.8 million (2019: EUR 60.9 million), resulting in an effective Group tax rate of 27.0% (2019: 24.3%).