Cascades Announces That its Subsidiary Greenpac Mill, LLC Has Successfully Refinanced its Bank Debt

TC Transcontinental Packaging is proud to support the vital food industry, a sector considered critical by governments, and contribute to the maintenance of essential services in communities during the COVID-19 global pandemic. While some of the sector’s verticals are experiencing a decrease in volumes due to government restrictions or the economic slowdown, the verticals related to food and other essential consumer staples, which represent the large majority of the sector’s activities, continue to fully operate in a safe and secure environment. "Our customers and the population can count on us. We are meeting the requirements of government guidelines, and adjusting constantly our safety practices to ensure the continuity of our operations as a vital packaging provider to essential services and industries, said Thomas Morin, President of TC Transcontinental Packaging. The safety of our people remains our top priority. We have implemented stringent policies and responsible behaviours to minimize movements, maintain physical distance, impose quarantines and maintain a clean work environment to offer a safe and secure environment within our facilities.”

Graphic Packaging Holding Company reported Net Income for second quarter 2021 of $38 million. This compares to second quarter 2020 Net Income of $52 million. Michael Doss, the Company's President and CEO said, "Strong demand continued across our markets in the second quarter as consumer preferences are driving conversions to our fiber-based packaging solutions. Increased consumer mobility and consumption outside of the home resulted in higher sales in our Foodservice markets up 22% year over year, while Food, Beverage and Consumer markets continued to show healthy growth of 4%. Our teams worked tirelessly to meet customer demand, and we swiftly implemented pricing actions to offset rising commodity input costs which impacted our results in the quarter. We expect to generate significantly higher Adjusted EBITDA in the second half of 2021 driven by price-cost recovery from the successful execution of approximately $400 million of implemented and recognized pricing actions, and continued momentum from organic sales growth and strong productivity. As we address the near-term inflationary headwinds, we remain unwavering in our commitment to introduce new and innovative packaging solutions across global markets supportive of the move to a more circular economy." Net Sales increased 8% to $1,737 million in the second quarter of 2021, compared to $1,611 million in the prior year period.

International technology Group ANDRITZ has received an order from JSC Management Company of the Holding Belorusskie oboi, Belarus, to complete and start up its production line for folding boxboard. Start-up is scheduled for 2021. The board machine is designed to produce 200,000 tons per year of folding boxboard, with basis weights ranging from 170 to 400 g/m2. The ANDRITZ scope of supply comprises equipment and engineering services for wood handling, chemi-mechanical pulping, stock preparation and approach flow, as well as the board machine including winder and roll handling, and the automation equipment.