Atlantic Packaging Products Ltd. Announces Addition of New Recycled Paper Machine in Whitby, Ontario

Second Quarter Highlights and other notable items: *Net sales of $4.73 billion *Net income of $16 million, Adjusted Net Income of $101 million; net income included $81 million of restructuring and other costs, net *Earnings of $0.06 per diluted share (“EPS”) and Adjusted EPS of $0.39 *Consolidated Adjusted EBITDA of $618 million *Consumer Packaging Adjusted EBITDA margin increased 70 bps to 18.0% *Achieved over $160 million in cost savings; expect to significantly exceed previously announced fiscal 2024 target of $300 to $400 million

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.”

According to FANUC, an industrial robotics manufacturer, there are approximately 1.9 jobs per unemployed worker in the United States. Why? Well, e-commerce is still creating strong labor demand across all areas of the supply chain. To add to that, U.S. businesses are reshoring their sourcing to domestic suppliers in hopes of combating the long overseas lead times; all of which means the creation of even more job openings across North America. Pregis attended Automate in Detroit, MI last week, and returned with a wealth of innovation trends that are adding value within the fulfillment centers of so many industries – from third-party logistics to retail. Timely Takeaways from the Event: 1. Picking and packing goes autonomous: The days of workers wearing out the warehouse floor as they transport goods from inventory to the packing area are numbered. Robotics manufacturers, such as Fetch (now owned by Zebra technologies), are now offering automated guided vehicles (AGVs) and automated mobile robots (AMRs) that autonomously transport goods from storage to pack stations. 2. Machine vision & artificial intelligence: Software and hardware capabilities within the optics space are beginning to reach sci-fi levels. 3. [Insert technology] as a service: Software-as-a-service (SaaS) has been around for a while, but now, technology companies are leveraging this business model for varying forms of technology – one of which is robotics. 4. The rise of integration: As businesses increasingly adopt autonomous equipment, internet-of-things (IoT), and warehouse management systems (WMS), integrators are emerging as key partners.