Total Packaging Papers shipments were 222,200 tons, 3.4% lower than September 2016. Bag & Sack shipments were up 3.8% year-to-date, while Food Wrapping shipments were down 7.8% over the same period. The operating rate for September 2017 was 87.9%, while the year-to-date rate was 88.7%. Inventories were 168,300 tons, down slightly since August.
http://afandpa.org/media/news/2017/10/18/american-forest-paper-association-releases-september-2017-u.s.-packaging-papers-specialty-packaging-monthly-report
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Smurfit Kappa notes the announcement released on the evening of 6 March 2018 by International Paper Company setting out the price of the unsolicited and highly opportunistic proposal that was originally made to the Board of Smurfit Kappa on 23 February 2018 and rejected in the Group’s announcement of 6 March 2018. The Board of Smurfit Kappa has already carefully considered, with its financial advisers, the Proposal in detail and has unanimously rejected it on the basis that it fails entirely to reflect the Group’s superior prospects as an independent business and represents a valuation multiple significantly below recent comparable transactions. Shareholders are strongly advised to take no action. This announcement is made without the consent of International Paper. Click Read More below for additional information.
To offer our customers a full portfolio of packaging papers, UPM Specialty Papers has launched UPM SolideTM, a family of kraft papers that feature a versatile combination of strength as well as converting properties. All grades in the portfolio offer excellent printability to maximise the shelf impact of packaging. All papers in the UPM SolideTM family are recyclable in regular paper recycling stream. The UPM Solide portfolio offers a broad range of kraft papers to choose from, with substance ranging from 45 g/m2 up to 90 g/m2. Samples and trial reels of the UPM Solide portfolio are available. UPM SolideTM combines high strength and good printability. UPM SolideTM Smooth offers high printability with good strength. Excellent choice when you need the visuals of your product to make an impact. UPM SolideTM Strong offers excellent strength and good printability. The paper is free from optical brighteners, making it an excellent choice when you are looking to convey your natural image. UPM SolideTM Lucent is a natural white translucent paper with high strength properties. The smooth surface offers good printability and convertability.
Smurfit Kappa has won 21 awards for its forward-thinking and innovative packaging solutions at this year’s Flexographic Industry Association (FIA) UK awards. Since 2013, Smurfit Kappa has received over 130 FIA awards, consolidating its industry-leading position in the packaging industry. Smurfit Kappa’s sustainable packaging solutions received three gold, seven silver, seven bronze and three Highly Commended awards. Their Markham Vale site’s DRO - Operator Vince Ward also took home the highly coveted Student of the Year award, and the site themselves won the Silver award for the Best in Show category.