American Forest & Paper Association Releases September 2020 Boxboard Monthly Report

Packaging Corporation of America reported second quarter 2020 net income of $57 million, or $0.59 per share, and net income of $132 million, or $1.38 per share, excluding special items. Second quarter net sales were $1.54 billion in 2020 and $1.76 billion in 2019. Reported earnings in the second quarter of 2020 include $.79 per share of special items expense primarily for the impairment of goodwill associated with our Paper segment (as described below), the previously reported closure of our corrugated products production facility in San Lorenzo, CA, and costs and expenses associated with the COVID-19 pandemic.

Berry Global Group, Inc. announced that it will be expanding its line of high-performance building wraps through the launch of TYPAR® DrainableWrap™, the Company’s first drainable building wrap engineered to protect multi-story structures from the elements and manage excess moisture. TYPAR DrainableWrap Commercial has joined TYPAR MetroWrap in the brand’s growing portfolio of building wraps designed specifically for commercial structures. “The addition of TYPAR DrainableWrap Commercial is further proof of Berry Global’s commitment to the commercial market and delivering on our customer promise of Innovation for the World. Solutions for You.,” said Andrew Irvine, product manager, TYPAR. “This new commercial wrap offers the superior UV protection and tear strength needed for commercial job sites while also helping commercial builders and architects address the growing challenge of drainage in high-rise building envelopes.”

With its silky top surface, enhanced stiffness, boosted bulk, bright white finish, and outstanding printing and finishing properties, Algro Volume combines strength, functionality and printability, all in a single package. Sappi Europe, a leading producer of packaging, speciality and graphic papers, is pleased to announce the launch of Algro Volume, the latest addition to Sappi’s Algro paperboard family. Produced at Sappi Europe’s Maastricht Mill, The Netherlands, Algro Volume is a premium paperboard, ideal for demanding and durable packaging and graphic solutions. Director of Packaging & Dye Sublimation Luis Mata emphasizes the unlimited potential of the new product: “Algro Volume is an outstanding board that delivers against every challenge, expertly designed to fulfill the rigorous physical demands typically reserved for solid bleached boards (SBB). The multiform base composition optimises stiffness and bulk, and together with Sappi’s unrivalled coating capability ensures exceptional printing and finishing performance for your applications.”