Total boxboard production increased 3.5 percent when compared to October 2016 and increased 3.0 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 increased when compared to October 2016 and increased compared to last month. The production of Recycled Boxboard increased compared to October 2016 and increased when compared to last month.
http://afandpa.org/media/news/2017/11/17/american-forest-paper-association-releases-october-2017-boxboard-report
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Packaging is often the first physical touchpoint a customer has with a brand and product - the form, function, and branding of the packaging can be very influential on a purchasing decision. However, packaging has a massive sustainability problem that can’t be ignored. Today the world produces 400 million tons of plastic waste annually, 36% of which is from packaging and 85% of which ends up in landfills or as unregulated waste. Rethinking how we package products can improve the sustainability and circularity of these materials, address health concerns like microplastics and antimicrobial-resistant bacteria along the way, and even provide an improved business case. With that in mind, let’s dive into four trends and innovations in sustainable packaging that will define the future of the category. 1. Reducing and recycling plastic packaging 2. Making strides with mono-materials 3. Biodegradable and repurposable packaging 4. Antimicrobial awareness and innovation
Tredegar Corporation announced that it has completed the previously announced sale of its personal care films (“Personal Care Films”) business to affiliates of Fitesa S.A. Commenting on the sale, John Steitz, Tredegar’s president and chief executive officer said, “We believe that in combination with Fitesa, a worldwide leader in nonwoven fabrics, Tredegar’s former personal care business will have improved opportunities for growth.” Cash proceeds from the sale net of transaction costs, purchase price adjustments and transition services are estimated at $45 to $50 million. Net cash income tax costs or benefits relating to the transaction are expected to be negligible. The transaction excludes the packaging film lines and related operations located at the Pottsville, Pennsylvania manufacturing site (“Pottsville Packaging”), which will now be reported within the Surface Protection component of PE Films.
Second Quarter 2021 U.S. GAAP Summary: Net sales of $1.3 billion increased 15% as reported. Currency contributed $46 million, or approximately 4%, to net sales growth, as compared to second quarter 2020. Net earnings in second quarter 2021 were $109 million, or $0.71 per diluted share, as compared to net earnings of $100 million, or $0.64 per diluted share, in second quarter 2020. The effective tax rate in second quarter 2021 was 29.7%, as compared to 30.8% in second quarter 2020.