Sonoco has added two new cold seal structures to the growing family of EnviroFlex® Paper products receiving How2Recycle® Widely recyclable pre-qualification. EnviroFlex Paper Ultimate (ULT) 1.0 CS and Advanced (ADV) 4.0 CS are the first of their kind to bring cold seal properties to curbside recyclable paper packaging. This results from Sonoco’s ongoing efforts to develop and provide a range of innovative and sustainable packaging solutions to meet the challenging needs of consumer-packaged goods companies in today’s competitive market. The ULT line of paper-based packaging has high oxygen, moisture, and grease barrier, ideal for moisture sensitive applications like pet treats and products containing nuts. The ADV line provides optimal performance for medium level oxygen and moisture barrier applications, like confections and powdered products.

Second quarter 2023 net income (loss) was $(18.9) million compared to net income (loss) of $14.9 million in the second quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $(2.0) million in the second quarter of 2023 compared with $17.2 million in the second quarter of 2022.

*GAAP: Net sales of $3.2 billion; Operating income of $267 million; Earnings per share of $1.18 *Non-GAAP: Operating EBITDA of $522 million; Adjusted earnings per share of $1.90 *Returned $115 million to shareholders in the quarter ($83 million via share repurchases and $32 million in dividends)

Net sales of $1.38 billion, down 3% as reported; down 1% constant currency Net earnings of $94 million, down 18% Earnings per share (Diluted) of $0.65, down 16% Cash flow from operations (year to date) use of $7 million Cash flow from operations includes the impact of the $175 million tax deposit

International technology group ANDRITZ has received an order from Stora Enso to optimize the fiberline at the Enocell pulp mill in Uimaharju, Finland. This will help the customer meet the growing demand for non-bleached renewable packaging materials while at the same time reducing its ecological footprint. The Enocell pulp mill in eastern Finland is part of Stora Enso’s Biomaterials division. It produces softwood and hardwood pulp with an annual production capacity of 630,000 tonnes. The site was founded in 1967 and also includes a sawmill.

Amcor, a global leader in developing and producing responsible packaging solutions, announced that it has earned two AmeriStar awards from the Institute of Packaging Professionals (IoPP) for its McCoy™ dunnage free IBC liners for bulk liquid aseptic products, and Perflex® S grab-n-go shrink bags for meat and poultry. McCoy™ Dunnage Free IBC Liners for Bulk Liquid Aseptic Products Reduces Costs Up to 40% - The 330-gallon McCoy™ dunnage free bulk container liner reduces waste and cost, while enhancing sustainability. The combination of co-polymer blends and decreased materials per ply makes the package less susceptible to pinhole leaks and flex-cracking during transit. Perflex® S Grab-n-go Shrink Bags for Meat and Poultry - Amcor uses an inventive handle design in a shrink bag header to create a one-piece shrink bag that makes it easy to lift and carry slick, heavy, fresh or frozen meat and poultry up to 22 pounds. New Perflex® S shrink bags with integrated grab-n-go handles eliminate the need to use plastic netting with a clipped loop, which previously was the only option to provide a handle to carry heavy products such as turkeys.

Crown Holdings, Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition of the Saarlouis facility will expand Crown's European beverage can platform to Germany with approximately one billion units of annual can capacity. At closing, and as part of the agreement, Crown will assume the existing Helvetia customer base and accompanying contracts. The unmatched sustainability benefits and infinite recyclability of aluminum has led to an increasing preference for beverage cans to serve both the alcoholic and non-alcoholic drinks segments.

Second Quarter 2023 Financial Highlights: *Net Revenues of $1,426 million for the second quarter of 2023 were down 13% compared to $1,640 million in the second quarter of 2022 and approximately flat compared to $1,431 million in the first quarter of 2023. *Net Loss of $139 million for the second quarter of 2023 compared to $74 million of net income in the second quarter of 2022 and a net loss of $133 million in the first quarter of 2023.

Faced with a labour shortage, this Vaughan, Ont.-based blown film coextruder is using a mix of hiring and retention strategies to staff up. A boxer on the receiving end of a few one-two combos – a jab and the straight right hand – can have his lights turned out pretty quickly. For manufacturers, the one-two combo of a shortage of both skilled workers (which predated the COVID-19 pandemic) and unskilled workers (triggered by the pandemic and continuing to this day) can put a business out of business, literally turning out the lights for good. The ongoing workforce crisis is the most pressing challenge facing manufacturers today, and plastics processing – which is technologically-driven but also labour-centric – can be particularly vulnerable.

Highlights • Strong delivery from continuing operations against the backdrop of challenging market conditions ◦ Underlying EBITDA of €680 million, down 28% (H1 2022: €942 million) ◦ Basic underlying earnings per share (EPS) of 67.0 euro cents, down 32% (H1 2022: 98.7 euro cents) ◦ Improved cash generated from operations of €554 million (H1 2022: €519 million) ◦ Robust balance sheet at 0.8 times net debt to underlying EBITDA (31 December 2022: 0.5 times) ◦ Return on capital employed (ROCE) of 19.1% (31 December 2022: 23.7%) • Delivering value accretive growth, sustainably ◦ €1.2 billion of expansionary projects on track and on budget ◦ Announced acquisition of Hinton Pulp mill (Canada) • Sale process of Syktyvkar mill ongoing within an evolving political and regulatory environment

Third Quarter Highlights and other notable items: *Net sales of $5.121 billion *Net income of $202 million, Adjusted Net Income of $229 million *Earned $0.79 per diluted share (“EPS”) and $0.89 of Adjusted EPS *Consolidated Adjusted EBITDA of $802 million; Corrugated Packaging segment Adjusted EBITDA increased 11.6% year-over-year *Results negatively impacted by $89 million due to economic downtime and a $39 million increase in non-cash pension costs year-over-year; WestRock’s U.S. qualified and non-qualified pension plans remain overfunded

Key Points: *Revenue of €5.8 billion *EBITDA of €1.1 billion and an EBITDA margin of 19.1% *Return on capital employed of 19.0% *Free Cash Flow of €119 million

The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin recorded Adjusted EBITDA (Earnings before Interest, Taxes, Fees, Depreciation and Amortization) of R＄ 1,344 billion in the second quarter of 2023, a decrease of 27% compared to the same period of the previous year, excluding one-off effects. In the second quarter of 2023, the company achieved net income of R＄4.293 billion. It is worth highlighting the corrugated cardboard segment, whose revenue grew 5% in the second quarter of 2023 in the annual comparison. The positive result reinforces the benefits of Klabin's integrated business model. The ROIC (return on invested capital) reached 17.4% in the last 12 months, proving the Company's ability to generate value for shareholders even in challenging economic scenarios.

Highlights: *Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. *Net Income was $150 million, an increase of 127% versus the prior year quarter. *Earnings per Diluted Share were $0.49, an increase of 133% versus the prior year quarter. *Announcing definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. *Board of Directors approved $500 million increase to share repurchase authorization.

Hood Container Corporation announced today that it has acquired the corrugated packaging business of Dalton, GA based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton, GA. Hood will continue operating these assets in the current facility. These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities. Charlie Hodges, President and COO of Hood Container Corporation, commented, “The Dalton facility will provide additional capacity and new capabilities to Hood’s presence in the markets we serve. We are excited to add these capabilities to Hood’s offerings to better serve and care for our existing and new customers.”

Summary *Strong performance and cash flows despite operating in a generally disruptive demand environment *Most of our businesses were at or above expectations for the quarter due to commercial and operational excellence, with particular strength in the flexible packaging and rigid paper container businesses, offset by weakness in the metal packaging and industrial North American region businesses *Inventory management and destocking trends among our customers as well as inflationary pricing pressures led to lower and increasingly uncertain demand which impacted operational efficiency in our metal and industrials businesses *Remained disciplined in managing working capital to generate $349 million of operating cash flow in the first six months of 2023

DS Smith, a leading sustainable packaging provider, today announced it has entered into an agreement to acquire Bosis doo, a high-quality packaging company in Serbia. The acquisition is complementary to the business’ existing regional packaging activity in Eastern Europe, and will support its growth drive in the region. With a focus on fast moving consumer goods (FMCG) customers, Bosis doo is particularly well suited to complement DS Smith’s strategy in the region, which targets higher growth and margin opportunities through its sustainable performance packaging customer proposition. The acquisition will be structured as a share transaction and is expected to complete within the second half of DS Smith’s financial year, subject to customary closing conditions.

The primary reason to use compostable packaging is to help deliver food waste and other organic matter to composting facilities. Food waste in landfills is one of the main sources of methane, a powerful greenhouse gas that has about 20-80 times the power of carbon dioxide. Diverting food waste from landfills is a key intervention to limiting climate change, and compostable packaging can help do that by being the “vehicle” that food scraps ride along with on their way to composting facilities. Composting facilities that accept compostable packaging are able to bring in more food waste than those that don’t. Compostable packaging should be reserved for packaging that is: *Used to serve prepared food or contains frozen or raw food *Likely to deliver food to a composting facility *Food-contact packaging that is not readily recyclable *Often disposed of with food waste (e.g., produce stickers) *Fiber-based and is likely to become food-soiled

Mondi, a global leader in sustainable packaging and paper, is pleased to announce the expansion of its International Safe Transit Association (ISTA) and Amazon Packaging Support and Supplier Network (APASS) certified Performance Lab services to cater to the growing demands of eCommerce customers. Mondi's Performance Lab can now also test converted solutions such as MailerBAGs and corrugated boxes. Located in České Budějovice, Czechia, the Mondi Performance Lab complements its eCommerce service offering for high-performance eCommerce packaging, from base material to converted solutions. The laboratory's state-of-the-art equipment simulates the typical impact of packed goods in each supply chain step.

Second Quarter 2023 Highlights *Reported sales increased 6% and net income increased 31% to $83 million *Core sales increased 4% and adjusted EBITDA of $181 million increased 13% from the prior year *Pharma proprietary drug delivery systems grew across the majority of end-use categories *Beauty’s fragrance dispensing technologies had double-digit growth in the quarter *Issued new Corporate Sustainability Report highlighting ESG commitments and initiatives

Essity has made the decision to close its tissue manufacturing operations in New York state and consolidate production at its other U.S. sites. This closure will include the South Glens Falls paper mill, Greenwich converting facility and Saratoga warehouse/distribution center. The South Glens Falls paper mill will cease papermaking operations immediately, while the Greenwich converting facility and Saratoga Springs warehouse/distribution center will remain open and continue to operate as long as needed to ensure a smooth transition for customers. There are approximately 300 employees across the three locations.

*Net earnings of $235 million ($0.68 per diluted share); Adjusted operating earnings* (non-GAAP) of $204 million ($0.59 per diluted share) *$55 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $120 million *Cash provided by operations of $528 million, bringing year-to-date to $873 million; Free cash flow** (non-GAAP) of $265 million year-to-date 2023 *Returned $200 million to shareholders through $40 million share repurchases and $160 million in dividends, bringing year-to-date to $519 million

January–June 2023 (compared to 1–6/2022) *Sales were EUR 1,040.2 million (1,232.5). *The comparable operating result was EUR 116.0 million 267.4), or 11.2% of sales (21.7). Operating result was EUR 117.9 million (283.3). *Net cash flow from operations was EUR 142.0 million (95.3). April–June 2023 (compared to 4–6/2022) *Sales were EUR 498.2 million (650.5). *The comparable operating result was EUR 27.3 million (145.9), or 5.5% (22.4) of sales. Operating result was EUR 29.5 million (142.6). *Net cash flow from operations was EUR 15.6 million (2.7).

R.R. Donnelley & Sons Company will showcase recent investments in Packaging Solutions at PACK EXPO Las Vegas. At the show, RRD will unveil anew single pass digital press to reduce time-to-market on large format runs by 25%. Ideal for retail signage and displays made from thicker substrates like corrugated and poly-based materials, the state-of-the-art technology combines the agility and speed of digital printing with exceptional print quality, a wide color spectrum and minimal energy consumption. RRD will announce full details in the fall. With growing RFID mandates from top retailers, RRD is helping clients navigate the shift by upping its investment in industry-leading technology to offer a complete solution of RFID labels and folding cartons. RRD manufactures the RFID labels and folding cartons and then affixes the label to the folding carton. RRD can also complete the fulfillment and distribution of the finished product. This comprehensive suite of services is a welcomed change from coordinating multiple steps and vendors to one seamless process.

Extended Producer Responsibility (EPR) charges for packaging converters, producers and suppliers have been delayed a year, from October 2024 to 2025. The government blamed economic pressures for the delay, but said it would use the time to finalise plans for the scheme’s implementation with local government, businesses, and waste management companies. Companies involved in packaging will still have to collect and process data on the amount and nature of packaging they use or produce during the delay.

Silgan Holdings Inc. reported second quarter 2023 net sales of $1.43 billion and net income of $78.9 million, or $0.71 per diluted share, as compared to second quarter 2022 net sales of $1.54 billion and net income of $92.7 million, or $0.83 per diluted share. Adjusted net income per diluted share for the second quarter of 2023 was $0.83, after adjustments increasing net income per diluted share by $0.12. Adjusted net income per diluted share for the second quarter of 2022, which included $0.06 per diluted share from non-recurring income associated with Russia, was a record $1.09 after adjustments increasing net income per diluted share by $0.26.

Packaging Corporation of America reported second quarter 2023 net income of $203 million, or $2.24 per share, and net income of $209 million, or $2.31 per share, excluding special items. Second quarter net sales were $2.0 billion in 2023 and $2.2 billion in 2022. Reported earnings in the second quarter of 2023 include special items for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities and closure costs related to corrugated products facilities and design centers.

Net sales in the second quarter were $3,109 million compared to $3,510 million in the second quarter of 2022 reflecting higher beverage can volumes in Americas Beverage and favorable foreign currency translation of $11 million, offset by the pass through of $288 million in lower material costs and lower volumes across most other businesses. Income from operations was $367 million in the second quarter compared to $466 million in the second quarter of 2022, which included a gain of $113 million for the sale of the Transit Packaging segment's Kiwiplan business. Segment income in the second quarter of 2023 was $414 million compared to $432 million in the prior year second quarter as benefits from the contractual recovery of prior years' inflationary cost increases in European Beverage and cost reduction initiatives in Transit Packaging were offset by lower volumes.

The 33.9 million euro investment is focused on equipment upgrades including purchasing state-of-the art machinery for innovative packaging to support ongoing plastic replacement and boost productivity as part of our ambitious growth strategy in the East European market. Starting with upgrades at Ierapetra's Box Plant this summer, the investments will not only advance packaging capabilities but also create a safer working environment. Investment into other sites located in Ancient Corinth and Thessaloniki will also see the modernization of equipment and minimize raw material waste. The investments support our customers’ growing demand for sustainable packaging innovations and align with our Now & Next Sustainability Strategy to deliver the circular economy.

Quarter Highlights: *Delivered net sales of $5.1 billion, up 1 percent, with organic sales growth of 5 percent. *Gross margin was 33.7 percent, up 350 basis points; adjusted gross margin was 34.0 percent, up 380 basis points versus the prior year, driven by favorable net revenue realization and productivity, offsetting inflation. *Raised 2023 outlook for organic growth to 3% - 5%, and for adjusted earnings per share growth of 10% - 14%, with adjusted operating margin up 150 basis points at the midpoint versus last year.

Q2/2023 (year-on-year) • Sales decreased by 22% to EUR 2,374 (3,054) million. • Operational EBIT decreased by 93% to EUR 37 (505) million. • Operational EBIT margin decreased to 1.6% (16.5%). • Operating profit (IFRS) decreased to EUR -253 (399) million. • EPS was EUR -0.29 (0.38) and EPS excl. fair valuations (FV) was EUR -0.27 (0.42). • Cash flow from operations amounted to EUR 146 (404) million. Cash flow after investing activities was EUR -70 (247) million. • The net debt to operational EBITDA ratio (last 12 months) was 1.7 (1.0). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division (last 12 months) decreased to 10.7% (21.7%), the target being above 13%.

Our Kingsport Mill is running again, using recycled fiber from a corrugated recycling partnership established with a regional grocery store chain and attracting customers from across the corrugated industry. After a successful two-year conversion project and the production of the mill’s first roll of 100-percent recycled containerboard in January, Domtar hosted a ribbon-cutting ceremony in May to celebrate the Kingsport Mill’s grand reopening. Local and state officials and employees joined together to mark this important milestone. The Kingsport Mill’s production has continued apace through the summer, thanks in part to a new corrugated recycling partnership established with Food City. The mill will collect and recycle old corrugated containers from the chain’s 140 stores and use them to produce 100-percent recycled performance linerboard and medium.

Crews estimate they will continue to battle last night's large commercial fire at an Industrial Way paper mill throughout Wednesday in Longview. Wood chip piles are fueling the blaze at Nippon Dynawave Packaging at 1701 Industrial Way near the entrance on the Longview side of the Lewis and Clark Bridge and Weyerhaeuser's gate 4 near Oregon and Industrial ways. A large plume of smoke could still be seen Wednesday morning.

Q2 2023 in brief • Net sales decreased 8% to EUR 1,052 million (EUR 1,147 million) • Comparable net sales growth at Group level was -2% and -2% in emerging markets • The impact of currency movements on the Group’s net sales was EUR -38 million and EUR -3 million on EBIT. Charles Héaulmé, President and CEO: “The market environment remained muted in the second quarter of 2023, as inflation affected consumption across categories and geographies. Destocking also continued to impact volumes during the second quarter, although at a lower level than during the first quarter. Our financial performance in the second quarter was in line with the first quarter of 2023, however it was soft compared to last year. Market conditions remained challenging, resulting in lower sales volumes. Our comparable net sales decreased by 2% in the second quarter but remained stable during the first half of the year. Adjusted EBIT decreased by 10% in the second quarter and 8% during the first half of the year, mainly due to lower sales volumes and the divested operations in Russia. Free cash flow continued to improve, reaching EUR 28 million during the second quarter and EUR 71 million during the first half of the year, driven by reduced working capital.

Call to correct mistakes in proposed amendments to EU Packaging and Packaging Waste Regulation that will penalize recyclable materials, like cardboard, while promoting the plastics industry. Imagine you’re in charge of regulating packaging in the European Union. You’re bringing in some new rules to reduce waste and pollution. So far, so good. But then it is revealed that an amendment mandating the reuse of packaging will cause a flood of plastic. That is exactly the opposite of what you’re trying to achieve. Do you vote for it anyway? The answer is obvious. Yet this is the exact dilemma now facing the EU, as it debates proposed amendments to the Packaging and Packaging Waste Regulation (PPWR).

Ahlstrom, a leading manufacturer of innovative fiber-based materials, in collaboration with adapa, a leading supplier of flexible packaging solutions, and Maped, a prominent stationery brand, is proud to introduce a groundbreaking flowpack solution for eraser packaging. Ahlstrom’s Cristal™ base papers are an optimum solution for transparent packaging. By partnering with adapa and Maped, the three companies have developed fiber-based window packaging for a popular school supply – erasers.  "This collaboration between Ahlstrom, adapa, and Maped is an example of our shared dedication to sustainability and responsible business practices," said Guillaume Lavoue, Product Manager for Ahlstrom. “By offering a transparent paper alternative, we are empowering companies and consumers to find fiber-based alternatives for traditional plastic or film substrates without sacrificing functionality or aesthetics." 

Amcor announced its AmFiber™ Performance Paper packaging is now available to customers in Latin America seeking a high barrier, recyclable paper-based packaging solution. Launched first for the confectionery market with cold seal, it has been recently expanded to include heat seal sachets for dry culinary and beverage applications, such as instant coffee, drink powders, spices, seasonings, and dried soups. With more than 80% paper fiber content and PVDC-free, this latest material innovation is recyclable, where a paper recycling stream exists. In addition to expanding its application to new product categories, Amcor has invested in manufacturing capacity to meet growing global demand for this kind of paper packaging, including an integrated a state-of-the-art production line in its Amcor Flexibles Alzira plant in Spain.

Imagine a paper vase, where a “grass” grows, made from popcorn, suitable for consumption by your pet and, even better, rich in fiber, nutrients and mineral salts . The innovation is already available in Brazil, authored by agronomist Márcio Alexandre, better known as “Dr. Plant”, and can already be found in pet shop chains across the country. To package the product, Klabin's KlaCup Natural Kraft® paperboard was chosen, which added sustainability to delivery and, once again, reinforced its versatility and efficiency. For this initiative, Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, innovated in the application of KlaCup Natural Kraft®, creating an ideal product for the preservation and commercialization of the content, which has, including , its cover produced in paper.

Huhtamaki, a leading global provider of sustainable packaging solutions for consumers around the world, is making a significant investment in its Paris, Texas facility in the U.S. The investment consists of an expansion of its manufacturing capacity as well as a consolidation of an external warehouse. The investment into production assets is approximately USD 30 million, and the warehouse and manufacturing facility will be leased. This will significantly increase the North America business segment’s capacity in folding cartons to support the growth of the Foodservice business. Production is expected to start ramping up in Q1 2025 and will be key to servicing the growth of existing customers and a growing list of up-and-coming customers throughout the Southern and Midwestern states. The Paris facility is uniquely positioned to meet the increased demand in the U.S. for more innovative and sustainable folding cartons which provide convenient, safe and hygienic food for busy consumers. The site is expected to employ up to 80 employees within the first three years.

Mondi, a global leader in packaging and paper, is investing €16 million in new technology to produce a new packaging range called FunctionalBarrier Paper Ultimate. This ultra-high barrier paper-based solution for food meets growing customer demand for sustainable packaging that contributes to a circular economy. The new addition expands Mondi’s existing portfolio of FunctionalBarrier Papers providing high-barrier paper-based packaging for food products such as dried foods and powdered milk as well as for applications in the home and personal care industry. These products require packaging that offer protection from water vapour and oxygen and can ensure a long shelf life. The current industry standards to achieve this level of barrier protection are unrecyclable solutions made of plastic or lined with aluminium. Mondi’s FunctionalBarrier Paper Ultimate range is designed to be recyclable in paper waste streams across Europe while providing the necessary product protection.

Amcor Rigid Packaging (ARP) is excited to partner with Ron Rubin Winery for the launch of BLUE BIN, the first premium wine packaged in a 750mL bottle made from 100% recycled polyethylene terephthalate (rPET) plastic. PET allows BLUE BIN’s bottles to have several environmental advantages when compared to traditional wine packaging, including a reduction of greenhouse gas emissions, global warming, and other environmental impacts. Additionally, PET wine bottles are lighter and shatterproof, allowing wine enthusiasts to enjoy BLUE BIN at places they previously may not have been able to, including at the beach, by the pool, camping and other outdoor activities.

Billerud has agreed with the investment company Mimir Group about a divestment of Managed Packaging, which offers packaging solutions to global brand owners. The transaction is expected to be completed during August 2023. The intention to divest the business unit Managed Packaging is a consequence of Billerud’s focus on packaging materials, which means a reduced strategic importance of service offerings. The sale will reduce complexity and positively impact Billerud's EBITDA margin.

Pixelle Specialty Solutions announced the launch of its new ARMOR™ brand of barrier paper solutions, featuring FlexArmor™ for uncoated applications and SelectArmor™ with a coated surface for enhanced printability. The barrier papers portfolio features a wide range of capabilities from oxygen, aroma, and mineral oil barriers to chocolate, OGR and moisture vapor barriers among several others. Barriers can be applied individually or layered to enhance packaging performance. “The ARMOR™ portfolio is supported by a team of engineers across multiple mill locations who can tailor a solution to meet specific performance requirements,” said Bob van Helden, Senior Vice President, Sales & Marketing. “For those with a more standard packaging application, Pixelle offers preengineered, off-the-shelf solutions that are available today,” said van Helden. FlexArmor™ and SelectArmor™ are PFAS-Free and plastic free. Both product lines are available as FDA-approved for direct and indirect food contact. Basis weights range from 20lb. to 150lb. with functional one-side (F1S) and functional two-side (F2S) performance options. Wet strength is available along with bleached and unbleached options.

ANDRITZ will convert the idled paper machine PM3 at Steyrermühl mill in Austria to produce kraft papers for sustainable flexible packaging. The machine previously produced graphic paper for UPM. The conversion project has been launched by the Heinzel Group, which will take over the Steyrermühl mill from UPM by January 1, 2024. Once rebuilt by ANDRITZ, the paper machine (then PM6) will produce up to 150,000 tons of brown and white low-basis weight kraft paper per year to be sold under the Heinzel Group’s well-established StarKraft brand. The paper will be used for shopper bags, pouches, and other flexible packaging products. Werner Hartmann, COO of Heinzel Pöls, says: “With this investment, StarKraft will become one of the world’s leading brands for bleached and unbleached kraft paper. ANDRITZ PrimeLine technology is already successfully operating at our Pöls and Laakirchen mills. The current rebuild by ANDRITZ will help us expand our product portfolio for sustainable packaging.”

Mondi plc has agreed to acquire the 250,000 tonne per annum Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket. The intention, subject to pre-engineering and permitting, is to invest €400 million in the expansion of Hinton, primarily for a new 200,000 tonne per annum kraft paper machine, anticipated to be operational from the second half of 2027. The acquisition of the mill, and investment in the paper machine, will fully integrate operations in the Americas and enable Mondi to secure the long-term supply of high quality, cost competitive kraft paper into its network of 10 paper bags plants in the region, better positioning Mondi to support the growing market demand for industrial and mailer bags.

Brazilian beverage producer Socorro Bebidas (Socorro) has expanded its partnership with Crown Embalagens Metálicas da Amazônia S.A., a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), to launch Acquíssima Sabor flavored mineral water in 350ml (12oz) CrownSleek cans. The premium zero-calorie drink features natural aromas, offering a health-conscious alternative for consumers to stay hydrated and incorporate key nutrients into their daily diets. The line made its debut with two flavors, Lychee and Green Apple, and is currently available in Acquíssima stores, restaurants and supermarkets in Brazil. Socorro also previously utilized CrownSleek cans to package its Acquíssima mineral water brand, its first entry into the water market. Total canned water volume in Brazil has increased by nearly 7x between 2021 and 2022, demonstrating a growing trend in the region for water packaged in aluminum and a continued shift away from tap and bulk water. When considering the package format for the brand, Socorro knew it needed to help convey the refreshing and health-conscious nature of the beverage, while also delivering on sustainability. The inherent properties of metal packaging, including providing a powerful barrier against light and oxygen, helps maintain the product's freshness. Aluminum beverage cans are also infinitely recyclable and are the most recycled beverage package in the world. These characteristics resonate with Brazilian consumers, who have recently helped drive the country's recycling rate for aluminum beverage cans to an astounding 100%.

The plastic recycling capacity in Europe is growing according to a recent study made by Plastic Recyclers Europe and is expected to continue growing with the coming legislation on packaging as a key driver. The demand for PCR (Post-Consumer Recyclates) material is expected to increase significantly and Trioworld is investing heavily to meet the demand and secure the supply of PCR for our customers. The study from PRE shows that plastic recycling capacity grew 8 % between 2018 to 2020 alongside considerable improvements in collection, sorting and recycling leading to a growing uptake in a wider range of end applications. “In 2022, Trioworld decided to invest more than 50 million EUR in expanding our recycling capabilities. Investments that will make it possible to supply high-quality post-consumer recycled material to stretch film”, says Oskar Karlsson, CPO and VP Sustainability at Trioworld Group.

Industry-leading Turkish flavour company Aromsa, whose products include sauces, toppings, extracts and seasonings, was faced with a challenge. The company was fully committed to its sustainability strategy, but it had also started to work with a new customer who wanted to use stainless-steel containers for shipping. This would require an investment into approximately 250 stainless-steel containers, which is a costly packaging solution. In addition to high price, there are also the logistical costs of storage and maintenance, washing and sterilising the containers. Mondi was invited to develop an alternative solution and proposed the TankerBox which Aromsa trialled on their production line. After a few months of close collaboration and innovation at the Aromsa facilities, the TankerBox was ready for Aromsa’s commercial use. Produced from corrugated cardboard and developed as a substitute for the traditional Intermediate Bulk Container (IBC) and metal barrel, the TankerBox is an innovative product and a more sustainable solution. Its patented design consists of 5 parts: an outer box, inner octabin, angle frame, bottom star and top cover pieces.

Ahlstrom, a leading sustainable specialty materials company, takes another step in becoming the market leader in sustainable and plastic-free solutions with a non-heat sealable tea filter range, which has received certification for home compostability according to OK Compost from TÜV Austria. This certification gives customers assurance that non-heat sealable tea filter papers RegTea Green and RegTea TrulyNatural® ranges will biodegrade in home composting conditions, leaving behind no toxic residue or microplastics. These products can help Ahlstrom customers, whether converters or brand owners, to achieve their own sustainability goals.

Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its previously announced acquisition of Diversey Holdings, Ltd., effective July 5, in an all-cash transaction valued at an enterprise value of approximately $4.6 billion. Diversey is a leading provider of hygiene, infection prevention and cleaning products and technology. With the acquisition, Solenis has grown to an enterprise operating in over 130 countries with 71 manufacturing facilities and more than 15,000 employees. Headquartered in Wilmington, Delaware, Solenis was acquired by Platinum Equity in 2021. Bain Capital, the majority shareholder of Diversey, will hold a minority stake in Solenis as a result of this transaction.

The North Carolina Wildlife Federation has announced the 59th Annual Governor’s Conservation Achievement Award recipients- naming Atlantic Packaging as the Business Conservationist of the Year. The NCWF is dedicated to protecting, conserving, and restoring North Carolina wildlife and habitat and have been doing so for the past 78 years. They founded the Governor’s Conservation Achievement awards in order to recognize and honor those individuals and organizations with a strong commitment to protecting and conserving wildlife in NC. Atlantic Packaging actively engages its 800 employees across North Carolina in conservation efforts, providing sustainability and conservation education to inspire more sustainable practices both at work and at home. As a leader in sustainable packaging, their influence extends to cities like Charlotte, Greensboro, and Wilmington, where they collaborate with local organizations to promote environmentally conscious practices during major events and contribute to coastal beautification. Through partnerships, investments, and outreach efforts, Atlantic Packaging impacts conservation initiatives, fostering positive change in North Carolina and beyond.

Metsä Board’s folding boxboard capacity expansion at its Husum mill in Sweden is reaching its final phases before start-up. Once the expansion is completed, the mill’s BM1 folding boxboard machine will be delivering 600,000 tonnes of premium lightweight folding boxboard every year to consumer packaging and food service end uses all around the world. The extended BM1 is expected to start up during the second half of 2023 and to reach full capacity by the end of 2025, but the machine extension is only part of this impressive project. “The most important outcome of this project for our customers will be the increased availability of sustainable, lightweight products that help reduce packaging carbon footprint,” says Jonas Adler, Product Manager for Folding Boxboard at Husum. “BM1 produces MetsäBoard Pro FBB Bright, MetsäBoard Natural FBB, MetsäBoard Pro FSB Cup and MetsäBoard Natural FSB Cup products. Nothing will change in the recipes of these popular and trusted products, it’s just that there will be more available and they’ll be produced in an even more consistent, predictable and sustainable manner,” he highlights.

Following the announcement on 15 December 2022 of the agreement to sell its three Russian packaging converting operations to the Gotek Group for a total consideration of RUB 1.6bn, Mondi plc (“Mondi”) confirms that Gotek Group received all requisite approvals and the sale has now completed. Mondi has received net proceeds of €30.4m from this disposal into its Austrian bank account. The net proceeds from the sale of all our Russian assets will be distributed to shareholders as soon as reasonably practicable following receipt, once our exit from Russia has been completed.

“Reaching net-zero emissions by 2050 is critical to avoiding the most catastrophic environmental, social, and economic impacts of climate change,” said Tom Salmon, CEO and Chairman of the Board at Berry Global. “As a global plastic packaging leader, we have a responsibility to protect the environment by minimizing the impact of our products, operations, and value chain as well as our business by limiting the exposure of our operations and supply chain to climate risk.” Achieving net-zero GHG emissions will require a range of solutions across Berry’s broad geographic footprint and diverse portfolio of converting and decorating technologies. Emissions reduction strategies primarily fall under three categories: *Circular plastics: drive circularity and reduce GHG emissions by moving away from virgin, fossil fuel-based plastic and using lighter weight, less carbon-intensive, circular materials, including recycled plastics and bio-based plastics made from renewable resources, like used cooking oil *Value-chain engagement: because most of the company’s value-chain emissions come from purchased goods and services, work with customers to develop lower-carbon solutions and suppliers to provide lower-carbon materials and services *Cleaner energy: increase investment in renewable energy to decrease use of fossil fuels, minimize the environmental impact of energy sources vital to manufacturing, continually improve energy efficiency to reduce overall energy dependence, and take steps to electrify processes within operations that consume gas and fuel

Trendy unboxing videos are being shared widely across YouTube and social media. The anticipation of a new product, the look and feel of the packaging and the unpacking experience are playing an increasingly important role. This trend contrasts sharply with the dominating habit of throwing things away. The value of a product is already conveyed by the packaging and customers judge the content by the noble luxury packaging. The look and feel of said luxury packaging conveys a feeling of value. Rough and natural-looking surfaces imply an impression of quality, craftsmanship and sustainability. The choice of the optimal packaging material in terms of appearance and haptics therefore plays a major role for companies. It must be carefully coordinated with the corporate identity and should pick up on current trends. With an expanded range of IQ GRASS + PACKAGING papers, Mondi is now serving these trends even better. What is special about IQ GRASS + PACKAGING is the mixture of up to 30 percent grass fibre and 70 percent FSC™ or PEFC-certified fresh fibre pulp. There are around 14,000 different types of grass on our planet – one fifth of all vegetation.

We are so excited to introduce the Cruz Cool (™) sustainable cold chain cooler solution from Cruz Foam, just in time to celebrate Plastic Free July! Currently shipping in limited quantities to customers with pilot programs, the Cruz Cool is the first-of-its-kind premium, sustainable, insulated protective box. It’s the perfect alternative to traditional EPS foam coolers and can be used to safely and sustainably ship perishable goods door-to-door. Cruz Cool is an elegantly designed system using interlocking panels of corrugated paperboard lined with compostable Cruz Foam. It stores flat and is quick and easy to assemble. The system is Cruz Foam’s first curbside recyclable** cold chain product providing 48 hour insulation and protection. It’s ideal for conventional cold chain e-commerce fulfillment.

As consumers around the world look to make more sustainable decisions in their day-to-day lives, the move away from single-use plastic bags has been one of the most noticeable packaging trends. Ecobag Network, the largest producer of ecological paper bags in Poland, has recently turned to Stora Enso for a solution that achieves new levels of lightweight strength and production output. Polish supermarket chains have been encouraging their customers to switch from plastic to paper bags in recent times. This can be seen in the growth in paper bag production across the industry nationwide. Between 2019 and 2023, the number of paper bag producers has doubled from seven to fourteen, while the biggest national retailer now uses 90 million bags a year. What has driven this change? As well as the consumer habits mentioned above, another key factor is the EU’s Single Use Plastics (SUP) Directive, the Polish implementation of which entered into force on 24 May 2023. This directive stipulates that any business that places lightweight plastic carrier bags (below 50 micrometres in thickness) on the market will incur an annual fee. It therefore makes business sense for supermarket chains to look around for viable alternatives.

Ahlstrom further broadens its range of release papers by introducing new products that support the design of more sustainable double-sided Pressure Sensitive Adhesive (PSA) tapes. With many everyday uses, double-sided PSA tapes are hidden components inside many common products. They join different parts or materials with strength, durability, and versatility. While they often directly perform a sustainable function by replacing heavier and more impactful elements, they can also be manufactured with increasingly sustainable materials. An extension of Ahlstrom’s Acti-V® Industrial dedicated range of high-performance release liners, the new products offer novel options to support environmentally conscious tape producers, thanks to the use of post-consumer recycled fiber, and unbleached cellulose fibers: *Acti-V® Industrial RF Brown is a supercalendered release paper including 30% post-consumer recycled fiber, and featuring the typical brown color used in double-sided adhesive tape liners; *Acti-V® Industrial RF Natural is a supercalendered release paper featuring a natural kraft color, based on a combination of post-consumer recycled cellulose fiber (at least 15%) and unbleached cellulose fibers

Mondi, a global leader in sustainable packaging and paper, is investing over €16 million in its Krapkowice plant in Poland in response to demand for sustainable packaging from the eCommerce industry. Durable, lightweight as well as puncture and tear-resistant, Mondi’s MailerBAGs are cost-effective for customers to transport as they save space and weight. Available in a range of sizes, the bags are easy to open and close making them ideal for delivery and returns. Excellent printability also ensures brands can communicate their key messages to consumers easily. The Krapkowice plant is dedicated to the production of Mondi’s MailerBAGs, and based in Poland, is ideally located to serve the whole of Europe. This investment will more than double Mondi’s MailerBAG production capacity for 2023 in Poland and will include a new production line.

Pratt Industries, America’s leading 100% recycled paper and packaging company, will officially open its new $253 million advanced manufacturing box factory in Cedar Hill, Texas, today. At capacity, the 1.1 million square foot plant – one of the largest and most modern of the company’s 71 factories spread across 25 US states – will provide 375 full-time, high-paying, green-collar manufacturing jobs. That brings Pratt’s total workforce to 11,500. “We’re very honored to be in Cedar Hill and we’re committed to the great state of Texas – in fact this is our 5th box factory here,” said Anthony Pratt, executive chairman of Pratt Industries.

ePac Flexible Packaging, an industry leader in custom flexible packaging, is pleased to announce the opening of its new Grade A 2,200 square meter production plant on the Spintex Road in Accra, Ghana. A grand opening celebration was held on June 22nd with nearly 150 local dignitaries, government officials, customers, and media in attendance. Since its establishment in 2021, ePac West Africa, has served a number of customers across Africa, including customers from Ghana, Nigeria, Senegal and Zanzibar, with fulfillment handled by ePac’s plants in the UK and Lyon, France. With the opening of the new plant, ePac West Africa is uniquely positioned to serve CPG brands of all sizes throughout the region with competitively priced flexible packaging and industry best turnaround times.

International technology group ANDRITZ has received an order from DS Smith to supply a complete stock preparation line and an innovative reject treatment system for the mill in Porcari that produces new packaging papers from 100% recycled paper. The equipment provided by ANDRITZ will be used on the new paper machine, due to start up mid-2025, that will provide a range of paper grades for the FMCG and e-commerce sectors serviced by DS Smith. Stefano Andreotti, Project Manager at DS Smith, says: “The new equipment from ANDRITZ, as well as helping us to recover more water, will help us capture, clean and use fibres that would normally get rejected in the paper making process, so they can be once again used in our recycling loops.”

If you recently made a purchase online, you’re not alone. The U.S. Department of Commerce reports that retail e-commerce sales topped $272 billion in the first quarter of 2023, up 7.8% from the same period last year. Along with this continuing growth in online purchases comes an increasing awareness of the materials used to package and ship products, and the impact these materials have on the environment. A new survey commissioned by Two Sides North America and conducted by international research firm Toluna found that U.S. consumers believe paper-based packaging is better for the environment than other packaging materials. Survey respondents were asked to rank their preferred packaging material (paper/cardboard, plastic, glass and metal) based on 15 environmental, aesthetic and practical attributes. Overall, paper/cardboard packaging was preferred for 10 of the 15 attributes, including all environmental attributes, with half of respondents saying paper/cardboard is better for the environment than other types of packaging. Consumers also preferred paper/cardboard packaging for being home compostable (59%) and easier to recycle (43%).

UPM Raflatac is pleased to announce the launch of its new collection of wine, spirits and beverage label materials – Rêverie 3 – that embraces circularity by using recycled fibers in aesthetically attractive labels. The new collection demonstrates, via unique collaborations with five leading Spanish designers, that sustainability and impactful design can work together to deliver stunning results. The Rêverie 3 collection offers packaging designers a toolkit of visually appealing labels that are all made with materials from well-managed, FSC® certified (FSC C012530) forests, recycled materials and other controlled sources. With more and more brands now seeing the inclusion of FSC and PCR packaging as a necessity, UPM Raflatac wanted to showcase the potential of today’s sustainable label materials. With this in mind, five of the company’s responsibly sourced label materials were given to five Spanish design agencies, with the brief to create a new collection.

Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, has, once again, achieved the highest Platinum level in EcoVadis’ sustainability assessment. The company has achieved the highest level or rating every year since 2017. Metsä Board received high scores in each of the four themes assessed, and with a total score of 87/100 is among the highest 1% of companies assessed in the category of paper, paperboard and packaging manufacturers. The overall score remained at the same high level as last year, even though the assessment included several new requirements this year. In the environmental evaluation, the company scored 100/100 for the second year in a row.

After Carlsberg and Johnnie Walker, the latest alcohol brand to trial paper bottles is Absolut. As part of a three-month pilot test, the vodka brand will be sold in paper bottles in 22 Tesco stores across Greater Manchester throughout the summer. Made from 57% paper, the bottles will include a recyclable plastic barrier, with customers able to recycle the packaging as paper through normal household waste. Following trials of the bottle at festivals in the UK and Sweden, this will be the first time such paper bottles will have been sold commercially in-store by a global spirits company. “This is a step closer towards our vision of a fully bio-based bottle,” said Elin Furelid, Director of Future Packaging at Absolut. “We are exploring packaging that has a completely different value proposition. Paper is tactile, it’s beautiful, it’s authentic, it’s light. That was our starting point, but this is not just an idea on paper.”

Pactiv Evergreen announces that four of the Company’s manufacturing facilities were recently awarded International Sustainability and Carbon Certification (ISCC) PLUS designation, three of which were recognized for the third year in a row. ISCC PLUS in an internationally recognized certification process for bio-based and circular (recycled) resins, which audits the supply chain from end-to-end. Pactiv Evergreen’s manufacturing facilities in Bridgeview, IL; Mooresville, SC; Corsicana, TX; and Malvern, AR received the certificate from SCS Global Services. Processes currently located at the certified sites include extrusion and thermoforming, and the products made in these facilities serve the foodservice and food merchandising markets. Pactiv Evergreen aims to achieve ISCC PLUS certification at additional manufacturing facilities this year to provide customers as many options as possible to meet their sustainability goals.

Mondi is introducing SolmixBag, a water-soluble bag for the construction industry. SolmixBag is a one-ply paper bag created to store and transport dry construction materials such as cement and dry mix mortar products. It’s designed to dissolve when getting in contact with water during the mixing process - the fibre of the packaging simply integrates with the product as it is mixed. This eliminates waste, reduces paper waste management costs and minimises dust on the construction site, as the bag is simply placed into the mixer without the necessity to open it up front. The bag is produced in-house thanks to the company’s uniquely integrated value chain: SolmixBag is created from Mondi’s water-soluble sack kraft paper and uses 20% less paper than the industry standard 2-ply paper bags. The solution is able to run on existing filling machines, and it is available in standard sizes, offering customers a smooth transition from their existing solutions. SolmixBag provides the same strength and shelf-life as its predecessors, with good printing results for a quality, stand-out appearance on shelf.

INDEVCO Plastics LLC, a member company of INDEVCO North America, announces its achievement of the SQF Food Safety Code Edition 9 Certification. Covering the manufacture of flexible packaging in rolls, extruded non-printed films, and shrink film, the certification recognizes INDEVCO Plastics’ unwavering dedication to implementing the highest standards in the manufacture of food packaging materials. The SQF Code Edition 9, developed by the Safe Quality Food Institute (SQFI), is the latest benchmark in food safety and quality management. By successfully obtaining this certification, INDEVCO Plastics showcases its adherence to a comprehensive set of protocols and guidelines designed to protect consumers and ensure the safety and integrity of food packaging materials.

TekniPlex Healthcare, which utilizes advanced materials science expertise to help deliver better patient outcomes, is substantially extending its North American footprint and expanding global capacity with a new 200,000-square-foot manufacturing plant in Madison, Wisconsin – the second TekniPlex Healthcare facility in the city. Scheduled to open in early 2024, the new facility will operate under the ISO 13485:2016 quality management system, which certifies the ability to provide medical devices and related services that consistently meet customer and regulatory requirements. TekniPlex Healthcare's new facility will feature sophisticated new manufacturing equipment that will significantly boost the company's lamination capacity for a broad range of materials including PET, nylon, paper, foil, PE, EAA and ionomer, in both peelable and non-peelable structures. This will help drive shorter lead-times and ensure best in class quality. The laminate and coated products are utilized in a wide variety of applications for the medical device, pharmaceutical, and diagnostics end markets, including flexible foil and plastic pouches, contact lens packaging, blisters and blister lidding, and sterilizable protective structures for medical devices, accessories and procedural tools.

With a joint investment of approximately EUR 29 million by Stora Enso and Tetra Pak, a new recycling line for post-consumer beverage cartons is starting operations in Poland. Stora Enso has invested approximately EUR 17 million into a new repulping line that will recover the carton fibers, and Tetra Pak along with Plastigram have invested a total of approximately EUR 12 million to build the new line. The line has the potential to triple the annual recycling capacity of beverage cartons in the country - from 25,000 to 75,000 tonnes – and provides scope to absorb the entire volume of beverage cartons sold in Poland, as well as additional volumes from neighbouring countries, including the Czech Republic, Hungary, Slovakia, Latvia, Estonia and Lithuania. Featuring an annual capacity of 50,000 tonnes, the state-of-the-art line at Stora Enso’s production unit in Ostrołęka (Poland) handles solely beverage carton material separation, detaching fibres from polymers and aluminium. The fibres are then recycled into carton board materials, effectively contributing to material circularity by turning used paper-based packaging into new paper-based packaging materials. This new paper recycling facility is complemented by Czech company Plastigram Industries, that, together with Tetra Pak, is industrialising a solution to recycle polyAl1 into new products.

For many craft brewers, the limited volumes produced have presented an obstacle in being able to make the transition to aluminium cans, as many can manufacturers require minimum order volume quantities which are out of scope for many craft businesses. For Pinthouse, a Texas craft brewery, there has been no such problem. The company has been able to utilise CANPACK’s on-going partnership with Gamer Packaging, a provider of full-service custom packaging solutions. In turn, CANPACK has been tasked with producing cans that enhance the refreshed branding of Pinthouse’s two premium IPA beers. These beautifully creative cans are produced at CANPACK’s new, state-of-the-art beverage can plant in Olyphant, Pennsylvania, which uses an innovative 8-colour can printing process.

Driven by a shared need for innovative solutions to efficiently deliver products to consumers in an ever-changing world, we have further expanded our partnership with Zalando, one of the leading European online platforms for fashion and lifestyle, to become their principal supplier. Working closely together through Innovation Days, PackRight Workshops and testing workshops, Zalando now has a 5-year innovation roadmap for its packaging solutions, designed to drive optimisation and reduce waste in packaging that arrives into the hands of Zalando customers. Partnering with a new, collaborative way of working, we are setting a strong ambition for Zalando to lead the way in reuse, world class efficiency in its packaging and to play a key role in the transition to the circular economy.

Stora Enso opens a new corrugated packaging production factory at De Lier, the Netherlands. The site is part of the recently acquired De Jong Packaging Group, now Business Unit Western Europe in the Packaging Solutions division. The major expansion has been designed with a strong focus on sustainable operations. The expansion adds a new, second factory to the De Lier site and equipping the facility with two new corrugators to augment the existing two. As a result of the expansion, the site is now the largest and most modern corrugated packaging facility in Europe. The De Lier site’s products currently include boxes and trays for fresh produce, horticultural and industrial applications, e-commerce and transport. The newly opened factory at De Lier utilises a variety of sustainable solutions, such as 3.8 MWp of solar panels installed on the roof, which will provide electricity to an equivalent of 1,000 households. The residual heat generated by the corrugators will be used to heat the site’s office buildings, further reducing their carbon footprint.

Leading European thermoforming packaging specialist Waddington® Europe, a division of Novolex®, has become the first to supply a full range of soft-fruit punnets to the UK market that are easier to recycle and use less plastic than conventional punnets. Made with Waddington’s revolutionary MONOAIR™ cushion technology, the new 100% mono-material punnets are now available in large rectangular (WE80), square (WE62) and standard rectangular (WE37) versions.

Amcor has announced the expansion of its AmFiber™ Performance Paper packaging range in Europe to include heat seal sachets for dry culinary and beverage applications, such as instant coffee, drink powders, spices, seasonings, and dried soups. AmFiber™ Performance Paper is a recyclable, high barrier, paper-based packaging that was initially introduced in 2022 for snacks and confectionery. Appearing on store shelves today for prominent snacks and confectionery brands, it offers high-barrier protection against oxygen and moisture, with excellent performance on brand owners’ packing machines.

Created for the circular economy, with resource and waste reduction at the core of the design from inception, the DD Wrap is an innovative and sustainable shelf-ready packaging solution. It is circular economy ready while it is also increasing supply chain efficiency and enhancing the in-store shopping experience. The DD Wrap packaging is customised for a variety of packaging solutions and is created from a single piece of cardboard without perforation at the front side to improve visibility and appeal at the point of display. It is easy to open to improve accessibility which reduces the need for sharp tools during box opening.

Pregis® introduces Pregis AirSpeed® Hybrid Cushioning (HC) Renew™ PCR, the only high-pressure air cushioning film made with 80 percent post-consumer recycled (PCR) content. This innovative product represents a significant advancement for companies seeking to improve the sustainability of their protective packaging without compromising on performance. With consumers becoming progressively environmentally conscious throughout each buying stage, there is a growing demand for sustainable packaging solutions. HC Renew PCR is an inside-the-box shipping solution that meets this need by providing the same level of protection and durability as traditional air cushions while reducing the environmental impact.

Mexico is the second largest economy in Latin America, after Brazil, and has an ideal location for accessing the US market. It is becoming increasingly attractive for global companies that are nearshoring by moving production away from Asia to the north part of the country, between the cities of Monterrey and Tijuana. The Mexican economy is estimated to grow up to 3.0% both this year and next, boosted by increased manufacturing investment, according to the most up-to-date government forecast*. Smurfit Kappa’s latest USD12 million investment in its Tijuana plant includes new machinery and process upgrades which will significantly increase both printing quality and efficiency. Laurent Sellier, Smurfit Kappa CEO of the Americas, commented: “Mexico is an important market for Smurfit Kappa. We have invested substantial resources both in paper machines and corrugated plants while increasing our network to support the country’s economy and our customers’ needs.

Huhtamaki has made the decision to consolidate the production footprint of its Flexible Packaging segment in Europe and will be closing its Flexible Packaging production facility in Prague, Czech Republic. All production and supporting activities at the facility will be scaled down during the second half of the year, with the closure of the operations completed by March 31, 2024. Production will gradually be transferred to Huhtamaki’s other manufacturing sites. The decision affects all 198 employees in the site. Huhtamaki will support its employees during this period, including providing information about vacancies in other Huhtamaki units in the Czech Republic and across Europe. Huhtamaki currently has two manufacturing units in Czech Republic. The closure of the Prague site does not affect the Fiber packaging operations in Okrisky which today employs 274 people.

-Second Quarter Financial Highlights include (all results compared to the second quarter of 2022 unless otherwise noted): *Net income of $111.2 million or $1.90 per diluted Class A share decreased compared to net income of $125.1 million. Net income, excluding the impact of adjustments(1), of $103.8 million decreased compared to net income, excluding the impact of adjustments, of $144.9 million. *Net cash provided by operating activities increased by $71.6 million to $210.8 million. Adjusted free cash flow(3) increased by $70.7 million to a source of $185.5 million.

Blown and cast film maker Sigma Stretch Film, a division of Sigma Plastics Group with operations in Ontario, is boosting its production capacity by 30 million pounds through two new Davis-Standard equipment installations. Sigma’s plant in Belleville, Ont., will receive a Davis-Standard seven-layer agricultural stretch film line aimed at expanding the current silage film offerings. According to Sigma officials, the new line allows production using the latest resins, expanded exploration in sustainability options, and better service for both domestic and international agricultural customers. The new line adds fifteen million pounds of silage film capacity in Belleville. The second machine is a three-layer Davis-Standard blown film line for Sigma’s Shelbyville, Kentucky location. “Supporting the ever-growing demand for prestretched hand films and the Vortex product lines, this equipment will add fifteen million pounds of capacity,” Sigma officials said.

Metsä Group is cooperating with Fiskars Group on a brand new fibre-based gift packaging. The innovative Muoto 3D inner packaging and a box made of Metsä Board’s folding boxboard encase Fiskars ReNew scissors made of recycled material. Pure, safe, sustainable, easy to use and recyclable. That is what the plastic-free Muoto 3D fibre packaging, originating in northern forests and set to revolutionise packaging, is all about. Renewable and sustainably grown Finnish wood is the main raw material of the Muoto 3D fibre packaging. The packaging is made of wet wood-fibre pulp in Äänekoski, at Metsä Group’s and Valmet’s joint demo plant.

Hilex®, a Novolex® brand, announced today new options for its popular ProWAVE® Tote, a recyclable, reusable tote bag that simplifies deliveries and carry-out for supermarkets, restaurants, retailers and their customers. Customers can now choose a ProWAVE Tote that features a 2.25-mil gauge film that’s manufactured with a minimum of 40% post-consumer recycled material — attributes that allow the totes to meet most legislative requirements for reusable bags, including those in California. Customers also can now opt for a ProWAVE Tote made with 1.7-mil gauge film. The ProWAVE tote boasts folded handles and a sturdy double-ply top, ensuring that the bag remains open for easy loading. The flat bottom design allows for efficient packing of larger grocery or retail products.

Our Cartogal packaging plant located in the town of A Pobra do Caramiñal, in Galicia, Spain, will soon see an increase in size, production and storage capacity after a milestone investment of 11.35 million euros. The major investment and expansion plans aim to improve service to customers, as well as to open up new business opportunities in the northwest of Iberia. The project will add 6,000 square meters to the current 11,000 square meters, to see the packaging plant become an industry leader, operating at more than 17,000 square meters. During the seven months that the works are estimated to last, the construction and roofing of the new buildings will be carried out using sustainable and environmentally friendly materials.

Mondi plc confirms that it has advised Augment Investments Limited that it is withdrawing from the agreement to sell Mondi’s most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities, to Augment. This follows recent discussions with Augment on its lack of progress in gaining the necessary approvals to complete this transaction. As per the terms of the Sale and Purchase Agreement, the Disposal to Augment will therefore be terminated and will not complete. The Board remains committed to divest Syktyvkar and will continue to assess all alternative divestment options.

Light Wrap, which has been specifically designed as a wraparound for cartons such as milk and juice cartons, offers a clever design that improves packaging while using less fibre. This results in a remarkable 19% reduction in CO₂ emissions compared to current, alternative packaging methods. Not only does Light Wrap effectively support the weight of stacked packs during transportation and at the point of sale, but it also ensures the safe transportation of cartons without any damage or deformation. By using 19% less paper fibre than other solutions, the innovative design not only minimises environmental impact but also improves protection, efficiency and packaging costs.

UPM Biochemicals and Selenis, a subsidiary of the IMG Group that produces speciality polyester resins for a wide range of applications, announced a partnership today that will help the packaging industry reduce its CO2 footprint and redefine the sustainability goals of its customers. The goal of the strategic partnership is to produce sustainable polyethylene terephthalate glycol (PETG) resin that will accelerate the introduction of renewable, sustainable forest-sourced materials into plastic applications and reduce fossil resource dependency. PETG is a highly transparent, FDA approved material used in a large variety of applications including cosmetics and personal care packaging, heat shrink sleeves, and durable goods, such as bulk dispenser.

The event marked the completion of the mill’s conversion into our first 100 percent recycled containerboard facility. The two-year project transformed the mill’s uncoated freesheet paper machine into the second-largest 100 percent-recycled containerboard machine in North America, capable of producing approximately 600,000 tons of high-quality recycled linerboard and corrugated medium annually. “Our machine is one of the most sophisticated and highly automated machines in North America,” says Mill Manager Troy Wilson. “Its state-of-the-art technology is enabling us to provide our customers a high-quality, consistent product thanks to a highly controllable, stable and repeatable process.” The mill reopened in January and is now the largest recycled manufacturer in the state of Tennessee.

Metsä Board has submitted the EIA report for the Kaskinen paperboard mill in accordance with the Environmental Impact Assessment Procedure Act to the South Ostrobothnia Regional Economic, Transport and Environment Centre (ELY Centre). The report is open for public comment and opinion from 25.05.2023 to 21.07.2023. The EIA procedure addresses the environmental impact of Metsä Board's planned paperboard mill on the existing mill site in Kaskinen. The EIA is a two-stage procedure. In the first stage, the project developer draws up an assessment programme and in the second stage, the evaluations are carried out and an assessment report is prepared. The results of the impact assessment will be considered in the ongoing planning and decision-making process. The EIA process does not make decisions on the project but aims to provide information to support decision-making and to increase public access to information and influence.

Ahlstrom expands its offering for the medical industry by introducing Reliance® Fusion, a next-generation simultaneous sterilization wrap that helps increase efficiency in the sterilization of surgical equipment trays at hospitals. Sterilization wraps are extensively used in healthcare facilities worldwide to help maintain the sterility of surgical instruments. Ahlstrom single-use sterilization wraps help to prevent microorganisms (bacteria, viruses, spores) from easily gaining access to the tray contents, allow sterilization, provide physical protection, and maintain sterility of surgical instruments up to the point of use. They thus play a crucial role in infection prevention and patients’ safety. The sterilization process is often time-consuming, requires the use of expensive processing aids such as tray liners, and involves longer drying cycles and stocking multiple weights of sterilization wrap to ensure all moisture has been eliminated.

Mondi has collaborated with Silbo to upgrade its pallet wrapping from plastic stretch film to Mondi’s kraft paper Advantage StretchWrap. Silbo has installed the first EW Technology PaperWrap machine at its plant in Żory, Poland and provides more sustainable flexible packaging for its broad range of customers, including those supplying fruits and vegetables. Mondi’s Advantage StretchWrap is made with responsibly sourced fibres and does not contain plastic or coating. Made from wood as a renewable resource, it is fully recyclable in existing paper waste streams, supporting the transition to a circular economy. Mondi commissioned an independent Life Cycle Assessment (LCA) which showed that Advantage StretchWrap performs better than standard plastic stretch film in several important environmental impact categories. The paper has exceptional puncture-resistance combined with high stretch properties providing robust protection for a wide range of goods during transportation.

New research from the renewable materials company Stora Enso sheds light on the importance of packaging in achieving greater food systems sustainability. The report entitled “Food packaging for better food systems” identifies 13 impact opportunities for the food packaging value chain, powered by innovation and collaboration, to unlock greater global climate, biodiversity, and social progress. Fiber-based packaging is an enabler of sustainable food systems due in part to its renewable base material, recyclability, and reliability in hygienic food protection. In the report, Stora Enso envisions a new developmental role for packaging to combat the hidden socioeconomic costs created by our food systems. This includes strengthening food system sustainability by advancing opportunities in areas including supporting healthy diets, minimizing food loss, and developing new compostable or waste-based materials. Tiina Pursula, SVP Sustainability commented: “Our food systems play a crucial role in securing a circular, biodiversity- and climate-positive future. We need to look at these systems holistically and consider how can we contribute to food system transformation, such as healthier, plant-based foods and food waste reduction. This way, we can drastically change the way we produce, transport, and consume food.”

Kimberly-Clark Professional™ is a winner of this year's world-renowned iF DESIGN AWARD in the bath category for the Kimberly-Clark Professional™ ICON™ dispenser collection. Hannover-based iF International Design Forum GmbH is the world's oldest independent design organization. The judging panel was comprised of 133 independent design experts from across the globe, and the competition consisted of nearly 11,000 entries submitted from 56 countries. The Kimberly-Clark Professional ICON dispenser collection won the judges over with its unique combination of aesthetic flexibility and functional excellence, elevating the entire user experience. The Kimberly-Clark Professional ICON collection is a family of hand towel, soap and toilet paper dispensers, which includes a first-of-its-kind dispenser that offers interchangeable and customizable faceplate options to elevate commercial washrooms with added sophistication and enhanced functionality.

Amcor, Delterra, Mars and P&G jointly announce the launch of a strategic partnership to stem the tide of plastic pollution in the Global South. These global leaders will work together to scale upstream and downstream solutions for a circular plastics economy, jointly committing $6 million USD over five years. The partners are coming together with a shared commitment to urgent environmental action and a shared understanding that the challenge of plastic pollution cannot be solved without a systemic and holistic approach to roll out scalable and sustainable programs to boost the transition to a circular economy. The strategic partners call on like-minded organizations to join this first group and add their support to drive real change, at scale.

Mondi has created new paper bags for Holz-Bauer’s wooden pellets replacing unnecessary plastic. Mondi’s PelletBags are created from 2-ply Mondi kraft paper which is produced, printed and converted in-house before being sent to Holz-Bauer for filling and closing, using its secure sewing method with a static binder machine. With PelletBag, Holz-Bauer will replace their existent plastic bag solution; currently an industry standard for wooden pellets. Holz-Bauer’s move to paper packaging is indicative of the trend towards using more sustainable packaging solutions. Mondi and Holz-Bauer have complementary sustainability goals, that aim to contribute to a circular economy. Holz-Bauer's wooden pellets are created from sawmill residue sourced from local businesses. Using sawmill residue in this way is in adherence to the principle of the cascading use of wood, which Mondi supports, and leverages the full value of fibre. This means that wood is used first for high performance products with hygiene or strengths requirements, such as kraft paper, and successively recycled until the residues are burned for green energy at the end of live.

Amcor, a global leader in developing and producing responsible packaging solutions, announced today that the Amcor Flexibles manufacturing plant in Londrina, Brazil, is the first Amcor plant in Latin America to achieve International Sustainability and Carbon Certification Plus (ISSC Plus)status. . The certification allows one of Amcor’s largest plants in Latin America to use advanced recycled materials across its product portfolio. The achievement also supports Amcor’s commitment to reach 30% recycled content by 2030 and aligns with the company’s sustainability pledge to make all products recyclable, reusable or compostable by 2025.

Huhtamäki Oyj has signed a EUR 125 million bilateral term loan facility agreement with a maturity of two (2) years. The term loan will be used for refinancing and general corporate purposes of the Group. The facility has a one-year extension option at the discretion of the Lender, and the interest margin is tied to three sustainability indicators: 1. Absolute scope 1 and 2 greenhouse gas emissions amount 2. Share of non-hazardous waste recycled 3. Ecovadis Rating

Duro®, a Novolex® brand, announced today that it has earned Biodegradable Products Institute (BPI) certification for even more of its paper bags and sacks. Now featuring more than 100 SKUs that have been tested and certified by BPI, Duro is adding to the growing number of certified commercially compostable products offered by Novolex. Certification by BPI assures customers that the packaging can be processed in a commercial compost facility. The newly certified bags include Duro recycled kraft paper shopping bags as well as lawn and leaf bags. They join other Novolex products that have already earned BPI certification, including compostable produce bags, T-shirt bags, can liners, and foodservice items from Eco-Products®. BPI says the certifications are important, noting that while the terms “biodegradable” and “compostable” may appear to be synonymous, there are critical differences.

Ortviken's new factory facility was inaugurated on 16 May 2023 with a ceremonial speech by Berit Högman, Governor of Västernorrland County, and a "ribbon cutting" by timber sports profile Ferry Svan. This means that the journey towards the production of 300,000 tonnes of climate-smart CTMP pulp has formally begun. Ulf Larsson, SCA's President and CEO, started the opening ceremony in Herrgårdsparken next to Ortviken's industrial site. He stated that the project was delivered and completed on budget and also ahead of schedule, and now SCA's operations provide strengthened competitiveness on the global market. Ulf also asked the guests to send a thought to the relatives of the employee of a subcontractor who died in a workplace accident during construction. The investment of SEK 1.5 billion in Ortviken's industrial site was announced in 2020 and is aimed to increase the production of Chemi-Thermo-Mechanical Pulp, CTMP, from approximately 90,000 tons per year to 300,000 tons per year.

Norske Skog Bruck announces successful commercial orders of the containerboard grades Testliner 3 and Fluting. This represents the introduction of 210,000 tonnes of competitive containerboard capacity to meet the growing demand for renewable and re-usable packaging. The production is based 100% on recycled fibre and will use steam from the waste-to-energy plant, which opened in April 2022. Norske Skog Bruck is now ramping up production and expects full utilisation of 95% in the second half of 2025. The successful commercial orders of Strato Testliner 3 and Fluting mark a new era for Norske Skog and strengthen the company's asset base and cash flow generation for decades ahead.

Q1 2023 Highlights • Sales of $1,134 million (compared with $1,135 million in Q4 2022 and $1,038 million in Q1 2022) • Operating loss of $(80) million (compared with $(20) million in Q4 2022 and $(4) million in Q1 2022) • Net debt1 of $2,070 million as of March 31, 2023 (compared with $1,966 million as of December 31, 2022). Net debt to EBITDA (A) ratio1 of 4.6x, down from 5.2x as of December 31, 2022.

To meet the growing demand for faster speed to market and a more agile supply chain, Pratt Industries has committed to strategic growth initiatives across our nationwide network, and a top priority is staying at the forefront of the high graphics movement. Pratt’s high graphics investments offer our customers quality graphic solutions through a combination of advanced print technologies and value driven options. We strive to find the best print solution to satisfy the corrugated packaging needs and budgets of our customers by investing in state-of-the-art technology and equipment. Pratt Lewisburg, OH recently added an HP PageWide digital web press to its already impressive equipment lineup in order to increase speed to market and flexibility while complementing their flexo and offset graphic capabilities. “We have the capabilities and expertise to offer customers the best supply chain solution for their high graphics packaging needs,” said Sergio Morales, General Manager.

The expansion makes the plant Smurfit Kappa’s largest in Poland and one of the most high-tech and modern packaging plants in Europe. In addition to the state-of-the-art machinery installed at the plant, it is expected that a further 50 new jobs will be created, bringing employment to more than 250 staff at the location. These new jobs will enable the plant to further serve its customer portfolio that includes some of the leading brands in the FMCG food and beverage sectors and serves both international and local customers. The investment in Poland includes the installation of a new high-tech corrugator and a range of ultra-modern converting machinery. The plant was also equipped with a new finished goods warehouse, which can accommodate upwards of 12,000 pallets. The investment will ultimately double the output from the plant which now spans 37,500 m2.

Kruger Products Q1 2023 Business and Financial Highlights • Revenue was $451.0 million in Q1 2023 compared to $398.7 million in Q1 2022, an increase of $52.3 million or 13.1%. • Net loss was $49.3 million in Q1 2023 compared to net income of $1.4 million in Q1 2022, a decrease of $50.7 million.

Billerud presents a machine glazed kraft paper especially adapted and validated for wrapping toilet and kitchen paper rolls. Hitting the sustainability sweet spot – renewable, recyclable and biodegradable, but also enduring tough handling as good as any PE plastic. Toilet and kitchen paper rolls are consumed in enormous numbers every day. For brand owners, switching from plastic to this paper wrapping would mean a significant sustainability gain. But also, for meeting consumer preferences. An Ipsos Global survey of 20 000 consumers (2021) shows that three out of four consumers want to get rid of single-use plastics. So, this new alternative from Billerud is a strong tool to decrease the gap between brands and consumers. Sustainability and a low carbon footprint are obvious strengths, but the new wrapping has more up its sleeve. Billerud’s white, long, soft virgin fibers enable excellent printability. The packaging will certainly stand out on the shelf.

When the highly-anticipated next generation Koenig & Bauer Rapida 145 eight-color press plus coater arrived on the pressroom floor at Calumet Carton, the leading producer of mailers and packaging products, the South Holland, IL manufacturer fulfilled one of its primary goals to continually reinvest in today’s most modern state-of-the-art equipment for its valued well-known customers. “We are proud to be operating this next generation offset press from Koenig & Bauer,” says Gina Inwood, vice president at Calumet Carton. “In today’s competitive marketplace, we need to provide the utmost speed, automation, and efficiency for our packaging customers, allowing them to offer color consistent eye-popping packaging within tight deadlines. This press, one of the first in North America, sets us apart from our competition, creating additional opportunities and offering lightning-fast production speeds.”

Net revenues in the first quarter of 2023 were $1,431 million compared to $1,495 million in the first quarter of 2022. The decrease was due to lower sales volume and the impact from dispositions, notably the disposition of Beverage Merchandising Asia on August 2, 2022. Lower sales volume was largely due to our focus on value over volume in the Foodservice and Food Merchandising segments and the market softening amid inflationary pressures in the Beverage Merchandising and Food Merchandising segments. These decreases were partially offset by favorable pricing, due to pricing actions in the Food Merchandising and Beverage Merchandising segments and the contractual pass-through of higher material costs across all segments. Net loss was $133 million in the first quarter of 2023 compared to $43 million of net income in the first quarter of 2022. The decrease was mostly due to $187 million of charges associated with the Beverage Merchandising Restructuring and a $27 million decrease due to the gain on the sale of Naturepak Beverage Packaging Co. Ltd in the prior year period. These decreases were partially offset by a $55 million decrease in tax expense, mainly attributable to decreased profitability.

Although many of us use products containing fluff pulp, some of us daily, it is one of those materials which is surprisingly unknown to the wider group of consumers. Fluff pulp is a type of wood pulp typically used in absorption cores of baby diapers, sanitary pads, incontinence products and various forms of air-laid nonwoven products. Not many consumers know what fluff pulp is, and that it in many cases is the only natural raw material in a typical disposable hygiene product. Even if a single absorbent hygiene product only contains a few grams of fluff pulp, the massive number of products consumed every day make that global fluff pulp market big. In 2023 it is projected to reach over 7 million tons globally (Global Fluff Pulp Consumption, projection according to Smithers). We describe NaturaFluff Eco as an oxygen delignified fluff pulp. This means that it is not bleached, only treated with oxygen to remove the remaining lignin after the cooking of the pulp. By not bleaching the fluff pulp we save approximately 80 kgs of bleaching chemicals per airdried tonne of fluff pulp. This corresponds to a saving of the carbon footprint by more than 30% compared to bleached fluff pulp.

Mondi, a global leader in sustainable packaging and paper, is upgrading its Dynäs pulp and paper mill in Sweden. The modernisation programme will increase efficiency and further improve the overall environmental performance of the mill, positioning it well to continue meeting customer demand for sustainable paper and paper-based packaging solutions. The Dynäs mill produces high-quality sack and speciality kraft papers, used for a variety of paper-based packaging solutions for industrial and consumer industries, and is an important part of Mondi’s Flexible Packaging business. The project includes the installation and upgrade of machinery and equipment such as a new cooking plant and bark boiler, which will improve the mill's energy efficiency. Upgrades will also further reduce air and water emissions, and result in better wood utilisation at the mill.

First quarter 2023 net income (loss) was $(1.0) million compared to net income (loss) of $16.4 million in the first quarter of 2022. Net income (loss) from ongoing operations, which excludes special items, was $2.5 million in the first quarter of 2023 compared with $16.8 million in the first quarter of 2022. John Steitz, Tredegar’s president and chief executive officer, said, “Our businesses and markets continue to suffer from a significant slowdown that has been exacerbated by customer inventory corrections, which has resulted in excessive inventory levels for us, too. The timing of a recovery is uncertain, especially for Bonnell Aluminum and the Surface Protection component of PE Films.”

Amcor announced that it has signed a definitive agreement to acquire Moda Systems, a leading manufacturer of state-of-the-art, automated protein packaging machines. Based in New Zealand, privately-held Moda Systems designs, assembles, and supports innovative, high-performance modular vacuum packaging solutions for the meat, poultry, and dairy industries. The acquisition will complement Amcor’s existing strength in film, positioning the company to offer an end-to-end packaging solution that encompasses primary packaging, equipment, on-site technical service, and parts.

Supremex Inc. announced today the acquisition of the assets of Graf-Pak Inc., a provider of folding carton packaging solutions to a variety of commercial markets. The transaction was concluded for a total consideration of approximately $6.0 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility. Founded in 1995 and employing close to 25 people, Graf-Pak operates a facility located in Pointe-Claire, Québec, near the Company’s primary folding carton plant in Lachine. Its offering is comprised primarily of the printing and manufacturing of folding carton packaging products, mainly for the food and cosmetics markets. For its last fiscal year, Graf-Pak generated sales of approximately $6.7 million.

Clearwater Paper Corporation announced that the Science Based Target initiative (SBTi) has validated the company’s climate targets. These targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and absolute Scope 3 GHG emissions by 25 percent by 2030. The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. SBTi is focused on accelerating companies worldwide to halve emissions before 2030 and achieve net-zero emissions before 2050. “By setting science-based targets, we are committing to taking steps to reduce our greenhouse gas emissions, which is crucial to mitigating the impacts of climate change,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division. “The SBTi goal-setting process helps to strengthen and unify our company’s overall commitment to reduce greenhouse gas (GHG) emissions, while SBTi’s validation of our goals gives our employees, customers, and communities confidence that we are being good stewards of our natural resources.”

Fruit and vegetables are the centerpiece of today’s grocery stores and often the first department that customers experience when walking in the door. Visually appealing produce signals quality and freshness, and for brand owners and retailers, it is critical that fruits and vegetables arrive undamaged. With fruit and vegetable loss already as much as 50% throughout the value chain, strong packaging can play a role at minimizing this by preventing damage to fresh produce. Producers and sellers have high expectations for packaging reliability and at the same time seek to balance this with increasingly ambitious sustainability measures. This includes combating food waste and reducing their packaging’s environmental impact. In the fruits and vegetables category, retailers and brand owners are commonly presented with a choice between recyclable corrugated containerboard packaging and reusable plastic crates. Both offer protection, but how can they know which is the most sustainable choice? To help our customers better understand the options and their potential environmental impacts, we recently conducted a Life Cycle Assessment (LCA) comparing corrugated containerboard box to a reusable plastic crate for transporting fresh produce.

Amcor announced it has launched an Amcor Lift-Off session dedicated to Michigan State University (MSU) with the support of the MSU Research Foundation and its network. The program offers an opportunity for early-stage start-ups from MSU and its wider network to win up to $250,000 in seed funding. Additionally, through collaboration with the MSU’s Burgess Institute for Entrepreneurship and Innovation, MSU student teams will compete for a grant of up to $10,000. This initiative follows the April 20 opening of the newly renovated MSU School of Packaging building, a program Amcor supported with a $10 million investment that included the establishment of an Endowed Chair of Packaging Sustainability.

Stora Enso alongside Blue Ocean Closures and AISA have developed together the first ever paperboard tube with a fiber-based closure. This new, innovative wood fiber-based concept helps brand owners increase the share of renewable material in their packaging. All components of the tube are designed for recycling. The tube is composed of Stora Enso’s barrier-coated board material Natura Shape™ and a screw cap designed in collaboration with Blue Ocean Closures with assembly by AISA. The solution contains more than 85% fiber content, the highest proportion available in a tube design. Intended for cosmetics and personal care applications, it is expected to be commercially available in 2024.

In a recent supplier award ceremony, Ahlstrom was recognized specifically for their packaging contributions to the Taco Bell® brand. “We are extremely humbled to have received this recognition from our Taco Bell® partners,” commented Travis Dahlke, Vice President of Ahlstrom’s North American Food business. Dahlke and members of his team accepted the award during the event. “This is a result of strong collaboration through our entire value chain – from Taco Bell® through our converting partners.” The S.T.A.R. awards (Supplier – Tracking – Assessment – Recognition) uses company-wide audits built to qualify supplier performance in several categories, including Packaging. Ahlstrom leveraged both its FluoroFree® and trulyNatural® technologies in the development of sustainable packaging solutions for Taco Bell.

Cascades inc. is very pleased to announce that it has produced yesterday its first roll of 100% recycled containerboard at its Bear Island, Virginia mill. With annual production capacity of 465,000 short tons of lightweight, high-quality, 100% recycled containerboard, the state-of-the-art mill is equipped to perform within the top quartile of its industry, and will strengthen the operational flexibility, geographic footprint, and competitiveness of Cascades' Containerboard platform. The project created 700 jobs in the region during the construction phase, and 180 permanent jobs with the onset of commercial production. The Bear Island mill is now entering the ramp-up phase of the machine and will gradually increase its production to reach full capacity. An official inauguration will be held in the coming months.

Second Quarter Highlights: *Non-GAAP: Operating EBITDA of $541 million; Adjusted earnings per share of $1.96 *Returned $187 million to shareholders in the quarter ($155 million via share repurchases and $32 million in dividends) *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges

Second Quarter Highlights and other notable items: *Net sales of $5.3 billion *Net loss of $2.0 billion, included a $1.9 billion pre-tax, non-cash goodwill impairment and $445 million of pre-tax restructuring and other costs; Adjusted Net Income of $198 million *Results negatively impacted by $58 million due to economic downtime, as well as a $40 million increase in non-cash pension costs year-over-year; our U.S. qualified and non-qualified pension plans remain overfunded *Loss per diluted share of $7.85 and Adjusted Earnings per Diluted Share of $0.77

The new recovery boiler and turbine of the Husum pulp mill started up at the end of 2022. Thanks to the latest technology and processes the mill’s bio-based energy production will increase and the mill integrate’s electricity self-sufficiency will amount to over 80 per cent. The total value of the investment was approximately EUR 380 million. In the second phase of the renewal, to be decided and implemented later in the decade, the two current fibre lines would be replaced with one new line. An investment programme is also underway at the Husum mill to increase the annual production capacity of folding boxboard by around 200,000 tonnes. The investment is expected to be completed in the fourth quarter of 2023. Metsä Board Husum mill in Sweden is an integrated board and pulp mill producing folding boxboard, uncoated white kraftliner and bleached chemical pulp.

Klabin recorded, in the first quarter of 2023, Adjusted EBITDA (Earnings before Interest, Taxes, Fees , Depreciation and Amortization) of R＄ 1.942 billion, up 13% over the same period of the previous year. In the first three months of the year, the Company's sales volume, excluding wood, totaled 881 thousand tons. The flexibility of Klabin's integrated business model benefited the conversion of paper into packaging, minimizing the Company's exposure to the Kraftliner foreign market. As a result, Net Revenue reached R＄ 4.831 billion in 1Q23, growth of 9% compared to 1Q22, a result that also reflects the price adjustments carried out over the last few months. The ROIC (Return on Invested Capital) reached 19.4% in the period, demonstrating the Company's ability to combine growth with the generation of value for shareholders.

Underlying EBITDA from continuing operations in Q1 2023 was €351 million and broadly flat when compared to Q4 2022 after excluding the non-cash forestry fair value gain1. The quarter was characterised by lower average selling prices; softer demand, driven in part by destocking; and lower input costs from the highs seen in H2 2022. While wood prices remained high in Q1 2023, they have now started to reduce. Corrugated Packaging saw softer demand, driven in part by destocking, and lower prices compared to Q4 2022. Flexible Packaging delivered a stable performance compared to Q4 2022, with weaker industry demand and modestly lower prices being offset by falling input costs. Uncoated Fine Paper demand in Europe was lower compared to Q4 2022, with prices declining towards the end of the quarter. In Southern Africa demand and pricing were stable.

Working in partnership with Fiorini Packaging, the specialist manufacturer of industrial paper sacks, UPM Specialty Papers has co-created a sustainable, fibre-based sack suitable for pet food applications of up to 20 kg. Already available to order from Fiorini, a sample of the new sack will be showcased on the UPM Specialty Papers stand at Interpack 2023. Pet food can be challenging to pack because it has high levels of grease. Standard papers typically used for pet food packaging are unable to offer the required level of grease and moisture resistance. In addition, 20kg pet food sacks need to be strong, creating a need for reinforcement and the possibility to resist external weather conditions. Until now, plastic laminated paper has been usually used to provide the required level of strength and barrier qualities.

WestRock Company (NYSE: WRK) today announced it will permanently cease operating its paper mill in North Charleston, South Carolina, on August 31, 2023. The North Charleston mill produces containerboard, uncoated kraft paper (KraftPak®), and unbleached saturating kraft paper (DuraSorb®), with a combined annual capacity of 550,000 tons. Containerboard and uncoated kraft currently produced at the mill will be manufactured at other WestRock facilities. The Company intends to exit the unbleached saturating kraft paper business when the mill shutdown is completed.

Highlights - Nine Months Ended March 31, 2023 • Net sales of $11,021 million, up 4%; • GAAP Net income of $868 million, up 25%; GAAP diluted earnings per share (EPS) of 58.1 cps, up 27%; • Strong cash returns to shareholders: quarterly dividend of 12.25 cents per share and $200 million of sharerepurchases year-to-date; and

Intertape Polymer Group is proud to announce the exclusive distribution partnership in the US and Canada with IMA Group, a world leader in the design and manufacture of automatic packaging machines. IMA Group established a new IMA E-COMMERCE Division, specifically dedicated to the e-commerce market in response to the increasing demand for online shopping and growing importance of that segment in today's economy.

Tambrite Aqua+ is a new circular packaging material for frozen and chilled food packaging that reduces the need for fossil-based plastics and improves recyclability after use. Tambrite folding box board has been providing industry-leading stiffness and bulk for over fifty years with its excellent printability, runnability, and robustness. Aqua+ is a new water-based dispersion coating that provides the necessary protection and food safety. Tambrite Aqua+ utilises a dispersion coating that helps to reduce the use of plastic that is increasingly subject to costs incurred by packagers, such as extended producer responsibility (EPR) fees. Tambrite Aqua+ is fluorochemical-free, resistant to grease and moisture, comes with the PAP21 logo that shows it is easily recyclable with normal paper and board waste streams.

The long-term collaboration between Koehler Paper and HDG-Verpackungsmaschinen has resulted in a new innovation: For the first time, paper bags can now be produced and filled on horizontal form-fill-seal machines using the "pressure seal module" for the RB-300 HDG packing machine and the specially developed "NexPlus MC" packaging paper from Koehler Paper, which features high mechanical strength and no sealing layer. Possible formats are 3-edge sealing bags, folding flat-bottom bags (fully sealed) and double bags with a bag length of up to 250 mm and a width of at least 50 mm. The new packaging option can be used for all products that do not require an additional barrier, as well as for secondary packaging of dry products.

In the face of the fast-growing demand for sustainable packaging, UPM Specialty Papers is working closely with customers and expert partners from across the food packaging value network to co-create the next generation of transformative and recyclable fibre-based packaging solutions. The aim is to develop and test papers, products and concepts that will support converters and brand owners in the transition to packaging made from sustainable and recyclable materials. This will in turn help them to meet their sustainability targets and comply with upcoming EU regulations on recyclability.

Q1 2023 Highlights: *Net Sales were $2,438 million, an increase of 9% versus the prior year quarter. *Net Organic Sales increased 1% versus the prior year quarter. *Net Income was $207 million, an increase of 93% versus the prior year quarter. *Net leverage was 3.1x versus 3.2x at year-end 2022.

*Net sales decreased 2% year-over-year to $1.7 billion as strong pricing was offset by lower overall volume. *GAAP operating profit increased 36% year-over-year as gains on asset sales and lower acquisition related costs offset lower price cost and lower volume and mix. *GAAP net income increased 29% and Adjusted Earnings decreased 25% from the same period last year. *Diluted GAAP EPS increased 28% while diluted Adjusted EPS decreased 24% from the same period last year.

*Net sales of $1.3 billion, down 5% as reported; down 2% constant currency *Net earnings of $63 million, down 58% *Earnings per share (Diluted) of $0.44, down 56% *Cash flow from operations (year to date) of $52 million, up 7%

Heidelberger Druckmaschinen AG (HEIDELBERG), the largest supplier and technology leader for the folding carton market, expects the segment to grow worldwide by more than two percent annually over the next few years. According to a study by the US market research institute Smithers, the total value of folding carton production will reach 160 billion US dollars by 2026. For HEIDELBERG, folding carton represents a strategic growth segment and already accounts for nearly half of the company’s sales. An important driver in the market is the growing environmental awareness of consumers, who are increasing their preference for more sustainable paperboard packaging over plastic.

First Quarter 2023 Highlights: • Reported sales grew 2% and core sales increased 4% driven by demand in Pharma and Beauty • Aptar Pharma reported sales growth of 4% and core sales growth of 7% • Aptar Beauty reported sales growth of 6% and core sales growth of 9% • Reported earnings per share decreased 12% to $0.82, due to restructuring charges • Operating cash flow was $98 million, up from $92 million in 2022

First Quarter Overview: *EBITDA growth of 13% to €579 million with an EBITDA margin of 19.3% *ROCE of 21.6% *Net Debt to EBITDA ratio of 1.2x *Finalised exit from Russian business. Tony Smurfit, Group CEO, commented: “Smurfit Kappa is reporting another strong performance for the first quarter with EBITDA of €579 million, an EBITDA margin of 19.3%, a ROCE of 21.6% and a net debt to EBITDA of 1.2x. This performance reflects the continuing benefits of our integrated model, the effectiveness of our capital spend, our constant focus on innovation for customers and our geographic footprint.

Together with Nissha Metallizing Solutions, Koehler Paper has developed a premium product and is expanding its offerings in the NexPlus® group of innovative flexible packaging paper products. With its excellent oxygen, grease, and mineral oil barrier properties, the product is suitable for metallizing, making it perfect not only for packaging for food such as chips, energy bars, energy powders, and coffee, but also for non-food products such as cosmetics in powder or solid form. The extremely thin metallized vacuum coating ensures recyclability and contributes to a sustainable circular economy. The Paper is made 100% with virgin fiber pulp from certified sustainable forestry and controlled sources and that is designed to be recyclable in conformity with the latest testing methods. In comparison to conventional plastic packaging, the flexible packaging paper reduces carbon footprints significantly and contributes to a sustainable circular economy.

Mondi has created Protector Bag ExpandForm, a paperbag solution with an expandable feature to safely rollpack mattresses. Protector Bag ExpandForm replaces the current plastic packaging with a flexible and recyclable alternative. The solution is also customisable and can expand to different sizes while holding the mattress securely. The packaging is made with Mondi’s kraft paper, which is responsibly sourced and renewable, and can be recycled contributing to a circular economy. The paper bag is puncture resistant and suitable for printing, meaning brands can customise their deliveries with a high-quality finish. Unlike plastic, the paper layers are also breathable and can emit gas that can evaporate easily with this new packaging.

Leading global packaging solutions company, Huhtamaki has redefined the possible by using science to develop groundbreaking mono-material technology. Its innovative and sustainable flexible packaging, in Paper, PE and PP Retort, is transformational and meets the demands of both its customers and their consumers. Announcing its game-changing innovation, Dr. Marco Hilty, President of Flexible Packaging at Huhtamaki outlined its importance: “What we’ve done, quite simply, is to redesign the future of flexible packaging by setting new industry standards in mono-material solutions. These blueloopTM innovations are both unique to Huhtamaki and transformational. They simultaneously deliver recyclability, with no compromise in either product protection or affordability. This is the power of three. “These at-scale innovations will support our customers reach the commitments many of them have made, including to use only recyclable, compostable or reusable packaging by 2025 and align with the direction of future policy, both in the EU and globally."

Q1 2023 in brief • Net sales stable at EUR 1,047 million (EUR 1,050 million) • Comparable net sales growth was 2% at Group level and 0% in emerging markets • The impact of currency movements was EUR -0 million on the Group’s net sales and EUR 1 million on EBIT

January–March 2023 (compared to 1–3/2022) • Sales were EUR 542.1 million (582.0). • The comparable operating result was EUR 88.7 million 121.5), or 16.4% of sales (20.9). Operating result was EUR 88.4 million (140.7). • Comparable earnings per share were EUR 0.19 (0.26), and earnings per share were EUR 0.19 (0.31). • Comparable return on capital employed was 13.9 % (21.1). • Net cash flow from operations was EUR 126.4 million (92.6).

*First quarter net earnings (loss) of $172 million ($0.49 per diluted share) *Building a Better IP initiatives delivered $65 million of incremental year-over-year earnings benefit in the first quarter 2023 *First quarter cash provided by operations of $345 million; First quarter free cash flow of $4 million included a $193 million final payment to the IRS for the timber monetization restructuring settlement *Returned $319 million to shareholders through $157 million share repurchases and $162 million in dividends in the first quarter 2023

This report was prepared in reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Containers and Packaging 2018 Sustainability Accounting Standard. Recent achievements highlighted in the report include: *Reducing Scope 1 and Scope 2 emissions by 0.7% in 2022 excluding the acquisition of Sonoco Metal Packaging, and reducing emissions intensity (tCO2e / thousand $ revenue) by 20% *Joining the United Nations (UN) Global Compact to advance support for the UN’s Sustainable Development Goals and Ten Principles Compact *Discontinuing the use of virgin pulp in mill operations with the completion of Project Horizon; all mills now utilize 100% recycled fiber *Conducting water risk studies at 100% of our paper mills using the World Resource Institute (WRI) assessment; building future improvement plans based on findings *Investing in renewable energy through one completed and three additionally approved solar installations projects *Further expanding our Envirosense® portfolio of more sustainable packaging with new paper-based flexible packaging offerings, which supports our customers’ sustainability goals

Sealed Air and Koenig & Bauer AG announced they have signed a non-binding letter of intent to expand their strategic partnership for digital printing machines. The partnership aims to significantly improve packaging design capabilities by developing state-of-the art digital printing technology, equipment, and services. Solutions developed by SEE and Koenig & Bauer will scale and deliver digitally printed materials dramatically faster, enabling brand owners to promote products by connecting with consumers through a digitally enhanced package. The Koenig & Bauer RotaJET-series of digital printing presses will feature SEE’s prismiq™ intellectual property, software and hardware. By accelerating the digitalization of printing platforms, both companies will drive expansion of their portfolio of solutions. The partnership will expand market opportunities for both companies and result in co-branded digital printing presses.

With the packaging industry preparing to meet EU recyclability targets, the demand for innovative and sustainable solutions is growing fast. In a recent co-creation project with SN Maschinenbau GmbH, a leading manufacturer of horizontal pouch-packaging machines, UPM Specialty Papers tested a range of heat-sealable barrier papers on SN Maschinenbau’s packaging machines. The goal was to create a recyclable, renewable, fibre-based pouch ideal for dry, frozen, and greasy foods. The sample will be displayed at Interpack 2023. As a world-leading manufacturer of packaging machinery, SN Maschinenbau seeks to deliver the best pouch packaging technology to its customers. In the light of current trends, this includes the capability to produce and process the recyclable and renewable packaging materials that customers are looking for. Working closely with partners, SN Maschinenbau is searching for new types of materials that, at best, can be seamlessly integrated into existing pouch packaging machinery.

Cascades announces an important repositioning of its Tissue Papers platform to enhance the performance of the business. The Company will simplify operations by concentrating the majority of its tissue product operating activities at core, geographically well-positioned sites that offer opportunities for future development. These changes will reduce costs, create synergies and significantly improve the Tissue Group’s financial, operational and environmental performance. This decision will not affect the level of service Cascades provides to its customers. Beginning in July 2023, Cascades will progressively close its underperforming plants in Barnwell, South Carolina, and Scappoose, Oregon, as well as the virgin paper tissue machine at its St. Helens plant, also in Oregon. The equipment slated for closure, which have a combined total annual rated capacity of 92,000 short tons of tissue paper and 10 million cases of converted product, have been operating below capacity producing 56,000 short tons of tissue paper and 5 million cases of converted product in 2022, mostly on the West coast. A portion of this production will be absorbed by open capacity at our other facilities and by the increase in productivity at our sites, particularly in the United States. Cascades has the option to evaluate the possibility of redeploying the seven conversion lines impacted by this decision to other sites at a later date.

Net sales were $1.8 billion in the first quarter of 2023, up compared to $1.7 billion in the prior year period primarily due to higher selling prices. Sales volume (in tons) was down 8 percent which was partially offset by favorable change in mix. Approximately 3 to 4 percent of the volume decline was attributed to a challenging prior year comparison (up 6.4 percent) amid record low inventories and disruption from temporary external events impacted volumes around 2 percent. Overall, the company estimates underlying market demand was down approximately 2 to 3 percent primarily due to inventory destocking across the supply chain and softer consumer demand in a few markets given macroeconomic uncertainty. Earnings before income taxes were $270 million in the first quarter of 2023, up $100 million compared to the prior year quarter. Likewise, segment operating profit was $398 million in the first quarter of 2023 compared to $231 million in the prior year period.

Packaging and speciality paper manufacturer Sappi Europe has invested a double-digit million euro sum in a new plant to produce innovative high-barrier papers – including an all-new type of barrier coating machine. Recently put into operation at the company’s Alfeld site in Germany, the in-house solution will produce high-barrier papers for recyclable packaging for food and non-food applications. Sappi draws on far-reaching expertise in paper-coating technology. For more than 10 years, the company has been producing a wide range of packaging papers that feature integrated barriers against oxygen, grease, water vapour, mineral oil and aromas, at the same time as providing excellent protection for packaged products. At a time when the packaging industry faces steadily increasing demand – from consumers, the retail sector and legislators – to offer sustainable materials and processes, Sappi’s long-standing commitment to paper-based, recyclable flexible packaging solutions meets this megatrend for more sustainable packaging solutions.

Mondi is investing in innovative technologies to increase FunctionalBarrier Paper capacity in order to meet the growing demand for sustainable paper-based packaging solutions. Mondi's range of FunctionalBarrier Paper offers tailored barrier properties that reduce the amount of plastic used in packaging, supporting the development of a circular economy. The range is being supported with an investment in a new extruder at Mondi Coating Štetí (Czech Republic). This will comprise the construction of a production building which will house state-of-the-art machinery such as an extrusion coater and a slitting machine. Production is expected to start in 2024.

Eco-Products® is launching its newest line of sustainable products, compostable cutlery made from Forest Stewardship Council® (FSC)® certified birch wood complete with a unique, user-friendly design. The new wooden spoons, forks and knives feature a ridge in the handle for a stronger grip and extra durability. The utensils have CMA-S (Substrate Acceptance) from the Composting Manufacturing Alliance (CMA). “This new wooden cutlery is a significant addition to our GreenStripe® line,” said Wendell Simonson, Director of Marketing for Eco-Products. “Fiber-only alternatives are becoming increasingly popular, and now there is an offering that doesn’t require foodservice operators to sacrifice on design or performance.” The wood cutlery includes 6.5-inch knives, forks and spoons that are perfect for both hot and cold foods. They’re now available bulk unwrapped as well as individually wrapped or wrapped as part of a kit.

Trayforma BarrPeel by Stora Enso is a new, easy-peeling board material for vacuum skin packs enabling packaging fresh food on recyclable paperboard trays. Trayforma BarrPeel supports brand owners’ sustainability ambitions by reducing plastic to less than 10% of the tray. Trayforma BarrPeel by Stora Enso is a sustainable barrier-coated paperboard material for pressed trays -- an ideal solution for vacuum packaging cold cuts, single portion meats, fish, and cheese. It consists of 90% renewable wood fibers, keeping plastic usage to a minimum and significantly reducing the packaging’s carbon footprint. Vacuum-sealed skin packaging extends the shelf life of fresh food, thus limiting environmental impact by preventing food waste.

In addition to various flexible packaging papers for the food sector, with Koehler NexPlus® Seal Pure Koehler Paper is offering a sustainable packaging option for products where no additional barriers are required: These include screws, electronic components and parts, processors, and LEDs—with Koehler NexPlus® Seal Pure in grammages of 35, 40, 45, 65 or 80 g/m², products are equipped with tear-resistant, sturdy, and sustainable packaging. Like all other Koehler NexPlus® paper, Koehler NexPlus® Seal Pure is also heat-sealable, and its strength properties make it very well suited for further processing on all commercially available packaging machines.

Packaging Corporation of America reported first quarter 2023 net income of $190 million, or $2.11 per share, and net income of $198 million, or $2.20 per share, excluding special items. First quarter net sales were $2.0 billion in 2023 and $2.1 billion in 2022. Reported earnings in the first quarter of 2023 include special items primarily for closure costs related to corrugated products facilities and design centers. Excluding special items, the ($.52) per share decrease in first quarter 2023 earnings compared to the first quarter of 2022 was driven primarily by lower volumes in the Packaging ($.95) and Paper ($.04) segments, higher operating costs ($.27), higher depreciation expense ($.11), higher freight and logistics expenses ($.04), higher non-operating pension expense ($.04), and higher converting costs ($.02).

Net sales in the first quarter were $2,974 million compared to $3,162 million in the first quarter of 2022 reflecting higher beverage can volumes in Americas Beverage, offset by lower volumes across most other businesses, the pass through of approximately $100 million in lower steel and aluminum costs and unfavorable foreign currency translation of $36 million. Income from operations was $269 million in the first quarter compared to $344 million in the first quarter of 2022. Segment income in the first quarter of 2023 was $320 million compared to $383 million in the prior year first quarter as benefits from the contractual recovery of prior years' inflationary cost increases in European Beverage and cost reduction initiatives in Transit Packaging were offset by $60 million of year over year inventory impact of steel repricing in the Other segment and lower volumes.

The consolidated sales of the Group increased by EUR 61.7 million or 5.8% to EUR 1,122.1 million (Q1 2022: EUR 1,060.4 million). This growth is mainly due to the acquisition of the MM Packaging division. At EUR 61.6 million, the operating result was EUR 49.5 million below the comparative figure for the previous year (Q1 2022: EUR 111.1 million). This decline is mainly due to downtimes in the MM Board & Paper division due to market and remodeling and restructuring expenses of EUR 15.5 million in the packaging division. The Group's operating margin was therefore 5.5% (Q1 2022: 10.5%).

• Sales decreased by 3% to EUR 2,721 (2,798) million. • Operational EBIT decreased by 53% to EUR 234 (503) million. • Operational EBIT margin decreased to 8.6% (18.0%). • Operating profit (IFRS) decreased to EUR 258 (394) million. • Cash flow from operations amounted to EUR 254 (403) million. Cash flow after investing activities was EUR 1 (224) million. Key highlights: • The acquisition of the Dutch De Jong Packaging Group was completed on 6 January 2023. • The Paper division was discontinued as of 1 January • The plan to divest of the Beihai site in China is proceeding according to plan. • The consumer board investment at the Oulu site in Finland is moving ahead according to schedule. Construction estimated to start during 2024, start of production expected during 2025.

First quarter sales of $5.2 billion increased 2 percent, with organic sales up 5 percent, driven by a 10 percent increase in price and favorable product mix from ongoing revenue growth management programs offset by a 5 percent decrease in volume. In North America, sales increased 5 percent over last year, including increases of 2 percent in Personal Care, 5 percent in Consumer Tissue and 12 percent in K-C Professional. Outside North America, organic sales were up 4 percent in developing and emerging (D&E) markets and 10 percent in developed markets (Australia, South Korea and Western/Central Europe). Gross margin improved by 340 basis points to 33.2 percent, with higher net revenue realization and cost savings offsetting higher input costs of $160 million. First quarter operating profit was $787 million compared to $693 million last year, resulting in an operating margin of 15.1 percent, an increase of 150 basis points.

Michigan State University celebrated the opening of the newly renovated MSU School of Packaging building on April 20, following a fundraising campaign that raised more than $10 million. “This significant expansion of our facilities, enabled by the generosity of donors and stakeholders, will reinforce MSU’s longstanding leadership in packaging education,” said MSU Interim President Teresa K. Woodruff, Ph.D. “These improvements anchor our commitment to the excellence of our School of Packaging and will help us prepare the next generation of leaders in packaging science.” Established in 1952, the MSU School of Packaging was the first school of packaging in the United States and now is the largest packaging program in the country, with over 600 undergraduate and graduate students.

UPM Specialty Papers’ heat-sealable barrier papers have achieved excellent results in tests carried out with Koenig & Bauer's next generation of inkjet digital printing technology. This is good news for brand owners and converters interested in surpassing the limitations of conventional printing methods in order to accelerate time to market or to create more customized packaging. With the ability to change designs simply by updating a file, digital printing opens new possibilities for brand owners and converters – from accelerating time to market through to creating more customized packaging. The goal was to test and optimize the compatibility of digital printing for UPM Specialty Papers’ barrier papers for digital printing, as it would offer a powerful combination for transforming how flexibly even small batches of packages can be produced.

Georgia-Pacific is making significant investments, totaling more than $50 million, at its Port Hudson mill in Zachary, Louisiana. The investments will greatly enhance the company’s retail consumer towel business. Investments to the Port Hudson mill include upgrades to increase capacity and improve capability of existing converting equipment and enhance internal infrastructure. Construction has begun, with startup of the lines scheduled for some time in mid-2023. “This truly is an investment in our customers and consumers who value the quality of our products,” said Vivek Joshi, president of the retail tissue, towel and napkin business for Georgia-Pacific.

Amcor is proud to partner again with Tyson Foods, one of the world’s largest food companies and a recognized global protein leader, to launch a more sustainable package for consumer products. The partnership of Amcor and Tyson Foods pairs two industry leaders in sustainability to innovate a first-to-market solution that provides a more sustainable package without compromise on performance. Tyson Foods’ Jimmy Dean® egg bites and frittatas are now packaged in Amcor’s AmPrima™ recycle ready forming/non-forming flexible film. The design and development of the package addresses more than sustainability needs; Amcor R&D led the development of a cost-efficient outcome that was achieved through customization of the film. Compared to a typical, less-sustainable film, Amcor’s AmPrima™ recycle ready forming/non-forming film delivers, when sent to landfill: 30%* reduction in non-renewable primary energy demands, 29%* reduction in carbon footprint, 42%* reduction in water consumption

DS Smith, the leading provider of sustainable packaging solutions, today announced an ambitious upgrade program to its kraft paper mill in Viana, Portugal. A multiyear €145M package of investments will bring some of the most up to date paper-making machinery to Viana, rebuilding the mills paper machine and reducing CO2 emissions. Marking the company’s commitment to both growth and the circular economy in Portugal, the investment package will include the rebuild of the existing paper machine and a brand-new state of the art recovery boiler which will be one of the most modern in Europe. The boiler will improve environmental performance by enhancing steam efficiency at the mill by 25%, with steam from the boiler being recycled back into the mill. The start-up of the new boiler, provided by market leader Valmet, is expected to be in early 2025.

Tetra Pak has made new advancements in the area of recycled content, expanding its offering of packaging solutions using certified recycled polymers to cover new formats, product categories and geographies. The expansion is a key milestone in the company’s journey towards a circular portfolio, turning waste into new resources, and reducing the industry’s dependence on virgin, fossil-based materials. It comes at a pivotal moment, aligning with the recently released European Commission’s proposal for the Packaging and Packaging Waste Regulation.2 Fossil-based plastic production is set to increase by 10.8% between 2021 and 20253. At the same time, 86% of shoppers are concerned about the usage of plastic and its impact on the environment, and believe that using recycled plastic is one of the best ways to tackle this challenge4. They have also started to act on it, increasingly choosing to buy products or packages with recycled material in the last year.5

At Georgia-Pacific, we know that natural resources are entrusted to our care and we are proud to make products that customers and consumers need in a responsible and sustainable way. This Earth Day, we are highlighting our investments in one of our many innovative and sustainable solutions – recyclable padded mailers. The growing customer and consumer demand for sustainable and efficient packaging drove our innovation efforts for producing packaging that could be recycled. Our EarthKraft™ mailers are made from 100% legally and responsibly sourced wood and are a paper-based alternative to plastic poly and bubble-padded mailers. As of 2022, over half a billion mailers have successfully been shipped and are on track to reach over one billion in 2023. EarthKraft™ mailers are SFI ® Certified which means we follow forestry best management practices to protect the land, habitat, and drinking water. Not only do our mailers create less waste, they also have a 96% re-pulpability rate which means they can be turned into more mailers (or even boxes).

“In a world where customers want things faster, simpler, eco-friendly and with greater value, we have the solution – Industry leading high speed tool-less technology. Our high speed digital printing technology increases the ease, speed, and flexibility of executing high graphic programs, while using eco-friendly water based inks. Coupled with our state of the art laser cutting technology, we are delivering the industry’s fastest print to order platform. This production strategy eliminates pre-press and plate costs, greatly accelerates speed to market, and gives our customers a competitive marketplace advantage.” – Anthony Pratt, Global Executive Chairman, Pratt Industries. See video at: https://innovations.prattindustries.com/industry-leading-digital-print-technology

Do you find yourself ordering items online these days? We’ve got a sustainable packaging solution for that! In 60-seconds, see how we transform kraft paper into recyclable padded mailers that arrive at your door. Watch the video at: https://news.gp.com/2023/04/how-we-make-mailers

O-I Glass, Inc. broke ground for a state-of-the-art greenfield glass plant in Bowling Green, KY. The facility is the first O-I facility purpose-built to leverage the company’s MAGMA technology. The groundbreaking event, attended by O-I CEO, Andres Lopez, KY Lieutenant Governor Jacqueline Coleman, and a host of company and regional dignitaries, marks the beginning of a multi-phase investment of up to $240 million to enable the continued development of the company’s revolutionary MAGMA technology, while providing an unprecedented level of service to our customers and local market. MAGMA technology is designed for flexible, modular glass production and can reduce the environmental footprint of glass production. Facilities built for MAGMA will feature a smaller melter and will be constructed using more sustainable methods and materials. MAGMA technology will enable advanced technologies, including ULTRA light-weighting potential, on-off capability, and can include feed-forward and feed-back control loops to promote premium quality glass.

Berry Global Group, Inc. has begun expanding one of its leading stretch film manufacturing facilities in Lewisburg, Tennessee for completion by early 2024. The 25,000 square foot expansion will support the growing demand for Berry’s highest performing, sustainable stretch films by creating space for three new cast lines, upgrading the capacity of the facilities existing post-industrial resin (PIR) reprocessing system, and extending its rail spur for resin material handling. In coordination of the expansion, Berry will add ten new jobs in the Lewisburg facility. “The ability to access innovative, sustainable film solutions is critical for our customers as they work to drive progress toward a circular, net-zero economy,” said Phil Stolz, EVP and General Manager, Performance Materials for Berry. "Expanding our Lewisburg facility will allow us to optimize the facility to help our films customers deliver against their ambitious sustainability goals.” Through collaboration with its OEM supplier, Berry will complete the installation of one cast line to support 20 million pounds of added capacity for ultra-high-performance films.

Construction is scheduled to begin soon on a $91 million upgrade at Georgia-Pacific’s containerboard mill in Monticello, Mississippi. It's one of the company’s largest investments in the Lawrence County facility. The project consists of replacing the log line, which includes scales, cranes, a rechipper, unbinding racks and other critical equipment needed to safely unload trucks and prepare logs and chips for processing into pulp. “This project will create long-term value and improve our capabilities as we work to become the best manufacturer in the industry,” said Drexel Lambert, vice president for Georgia-Pacific containerboard operations.

Working closely with partners from across the food packaging value network, UPM Specialty Papers is co-creating transformative solutions that reimagine the future of sustainable packaging. A long-standing relationship with Henkel, a worldwide leader in industrial and consumer businesses, has now resulted in a recyclable, heat-sealable packaging material compatible with existing packaging lines. Pushing the performance of barrier papers to an unsurpassed level of grease resistance, it offers a tried and tested concept for converters. The plastic coating traditionally required for protection and heat-sealing renders the final product difficult to recycle. Inspired by a shared focus on creating sustainable alternatives, UPM Specialty Papers and Henkel have reinvented the concept to help brand owners and converters meet ever growing consumer and regulatory demands for easy to recycle packaging.

UPM Raflatac is expanding its wash-off portfolio with new paper label materials that enhance the recycling of PET and HDPE. The label materials have received European certifications of recyclability from Institut cyclos-HTP for PET and HDPE packaging, and they are part of UPM Raflatac’s SmartCircle™ portfolio. “We are determined to develop solutions for circularity. While plastics have remarkable features to keep valuable content safe until consumption, we also seek ways to increase the share of certified renewable materials in the packaging that go beyond fossils. Now, in addition to our multiple plastic wash-off solutions, we are excited to expand the offer into sustainably sourced paper labels. These innovations enable high-quality recycled PET and HDPE flakes to be used again as the label material separates cleanly in the recycling process,” says Sylwia Jurys, Vice President, Paper Laminates SBU EMEIA, UPM Raflatac.

Novolex®, a leader in packaging choice, innovation and sustainability, is introducing Power Prep™ wrap for grab-and-go hot sandwiches and other freshly made foods. Manufactured by Novolex brand Bagcraft®, the new wrap is laminated and insulated to keep food tasting fresh as it moves from the freezer to thawing and re-heating, and while it’s held under heat at the point of sale. This allows customers to enjoy a delicious hot sandwich that was made and wrapped off site. Power Prep wrap is ideal for convenience stores, supermarkets and other foodservice operators, catering to the growing demand for high-quality, freshly made offerings.

Amcor has placed its first commercial order of certified-circular polymers leveraging ExxonMobil’s ExxtendTM technology for advanced recycling for use in packaging for the Australian and New Zealand market. The order will make Amcor the first flexible packaging company to offer certified-circular plastics in this market, which supports partial displacement of fossil-based feedstock and meets growing consumer demand for plastic circularity. Using its ExxtendTM technology, ExxonMobil offers certified-circular polymers with the International Sustainability and Carbon Certification (ISCC) PLUS certification that are identical to polymers made from conventional fossil feedstock. The certified-circular polymers can be used in existing applications, that otherwise require the use of virgin resins.

Mondi is investing in innovative technologies to increase FunctionalBarrier Paper capacity in order to meet the growing demand for sustainable paper-based packaging solutions. Mondi's range of FunctionalBarrier Paper offers tailored barrier properties that reduce the amount of plastic used in packaging, supporting the development of a circular economy. The range is being supported with an investment in a new extruder at Mondi Coating Štĕtí (Czech Republic). This will comprise the construction of a production building which will house state-of-the-art machinery such as an extrusion coater and a slitting machine. Production is expected to start in 2024. In addition, investment is currently underway at Mondi Jülich (Germany) with the rebuild of an existing coater. Two new dispersion coating stations will improve barrier properties by ensuring good coverage on the base paper.

Pregis proudly showcased its packaging innovations to 50,000 industry professionals at ProMat 2023, the largest material handling, logistics, and supply chain show in the world. Coming out of the event, three critical packaging trends will add tremendous value to company fulfillment operations. Automation - E-commerce demand is raising volumes in warehouses, and to keep up, companies have no choice but to implement automation. This technology is being integrated more often, and the runway for an ROI is shorter than ever. Recyclability and Recycled Content - Protective packaging is being truly engineered with the environment in mind. Businesses, and their customers, are increasingly supporting a circular economy. Customer Experience - Protecting goods from the rigors of shipping continues to be a main proponent of customer experience, but as the world continues to lean towards direct-to-consumer offerings, companies are looking for more ways to stand out.

UPM Specialty Papers is excited to announce that the breakthrough oneBARRIER FibreCycle structure will be on display at Interpack 2023. This innovative high-barrier packaging provides a sustainable, recyclable, paper-based alternative to the multi-laminate plastic structures commonly used for long shelf-life products. Just as importantly, it can be recycled in existing fibre recycling streams. oneBARRIER FiberCycle represents the kind of packaging the world needs right now, enabling brand owners to reduce their reliance on fossil-based or non-recyclable materials, increase their use of renewable materials, and meet their sustainability targets. Working closely with leading experts across the world, UPM Specialty Papers is co-creating a more sustainable future through fibre-based, recyclable packaging materials. oneBARRIER FiberCycle is the result of a multi-year project in partnership with BOBST, one of the leading suppliers of substrate processing, printing and converting machinery, and Michelman, a developer of high barrier water-based coatings for packaging applications. By uniting their expertise from across the food packaging value chain, the group set out to create a recyclable paper-based packaging solution for foods with a long shelf-life. UPM Solide LucentTM offered an ideal basis for the development work. As a dense, smooth, and strong base paper, it is ideal for lightweight and uniform coatings. BOBST supplied the AluBond technology – an aluminium coating one-thousandth the thickness of a human hair and Michelman was responsible for the integrated coating system that provides priming, barrier properties and heat seal. Together these solutions have proved to be a powerful combination, resulting in a transformative approach to safeguarding food products with a long shelf-life, such as coffee, instant soup and sauce powder packets, spices, or milk powders.

Cushioning is an essential part of protecting fragile goods from shock and vibration. That’s why for many decades, plastic foams have been used as a versatile and cost-effective solution. However plastic based foams are problematic. If they leak out to nature the material is inert and will not degrade. Furthermore, plastic foams are generally made from finite sources, mainly crude oil, which leads to a release of fossil carbon at its end of life. To turn these challenges into a thing of the past, Stora Enso has developed a lightweight, paper-based foam for protection and cushioning in packaging. Here are three key reasons why Papira® by Stora Enso is better than conventional plastic foams. 1. A bio-based product - Plastic foams used in cushioning today are mainly made of crude oil, resulting in a product with a high carbon footprint over its lifetime and other environmental issues. 2. Recyclable in the paper stream - Even though plastic foams such as expanded polystyrene or polyethylene foams are lightweight and handy, recycling them is difficult. Paper-based Papira® by Stora Enso is designed for recycling in paper or carton streams. 3. Biodegradable and compostable - As a material, Papira® is designed to be biodegradable. Therefore, it does not become waste or pollution even if not recycled properly.

In connection with the start-up last week of containerboard production at Norske Skog Bruck, we invite press, investors and other interested parties to the official opening ceremony of our new containerboard machine at the Bruck industrial site on 22 June. Norske Skog Bruck started its containerboard production last week, introducing 210 000 tonnes of competitive testliner and fluting capacity to meet the growing demand for renewable packaging. The production is based 100% on recycled fibre and will use steam from the new waste-to-energy plant, which opened in April 2022. Norske Skog Bruck will start to deliver containerboard to customers in the second quarter. Full production utilisation of 95% is expected in the second half of 2025.

Sonoco announces that the high barrier paper-based structure, EnviroFlex® Paper Ultimate (ULT) 1.0, has received How2Recycle® pre-qualification and has met all requirements of the Fibre Box Association’s Voluntary Standard for Repulping and Recycling. This pre-qualification comes as a result of Sonoco’s ongoing efforts to develop innovative, sustainable packaging solutions. EnviroFlex Paper ULT 1.0 is a superior oxygen, moisture, and grease barrier packaging solution available in various formats, including rollstock, heat/cold seal, sachets, and pre-made pouches. EnviroFlex Paper ULT 1.0 provides exceptional protection and preservation for perishable items, such as baked goods, confections, pet treats, salty snacks and powdered beverages, while being curbside recyclable. Sonoco understands the importance of providing safe and non-toxic materials in convenient formats. Therefore, the company has gone above and beyond to develop EnviroFlex Paper ULT 1.0 and a host of other paper-based structures without the use of chemicals of concern, such as PFAS and PVDC.

Ox Industries is increasing efficiency and production capacity with a $5 million investment in new high-speed converting lines across multiple facilities. This sophisticated technology will positively impact the productivity of Ox Industries’ vertically integrated tube and core and protective packaging plants and seamlessly merge with current operations and Ox-owned URB (uncoated recycled paperboard) mill network. Each converting line will have the most innovative automatic roll handling and finished product packaging technology to improve ergonomics, decrease on-the-job injuries, increase productivity, and enhance quality control. “We embrace continuous investment that pairs with our efficiency and employee safety values. This equipment will highlight our recent acquisitions while giving us a broader footprint to serve our customers,” said Ox Industries CEO Kevin Hayward.

Amcor announced that it has earned a Flexible Packaging Association (FPA) Silver Achievement Award for its AmPrima™ PE Plus recycle-ready pouch for Lahli™ Morning Protein Bites. The pouch features Amcor’s AmPrima™ PE Plus recycle-ready film: *AmPrima™ solutions employ a variety of technologies, including proprietary techniques unavailable elsewhere, to deliver recycle-ready alternatives with no compromise on performance. *The AmPrima™ PE Plus material matches the clarity, stiffness, heat resistance, surface energy and abuse resistance of the unrecyclable incumbent film. *To aid recycling efforts, the pouch carries a How2Recycle® label for the PE stream, clearly communicating store drop-off recycling instructions.

TC Transcontinental Packaging is pleased to announce that it has been recognized with the prestigious Gold award in the Shelf Impact category for manufacturing the Procter & Gamble’s Gillette Slate Resealable Razor Pouches at the 2023 Flexible Packaging Achievement Awards. Additionally, TC Transcontinental Packaging took home two Silver awards; one in the Shelf Impact category for the San Pellegrino Essenza Sparkling Water 24-case collation shrink film which includes 33% of PCR (post post-consumer recycled) content, and one in the Printing category for the Whole Foods Baking Mix Flat Bottom Pouches. “We are proud to win FPA’s “Shelf Impact” and “Printing” awards and to be recognized by the industry for our team’s technical expertise,” said Thomas Morin, President Transcontinental Packaging. “At TC Transcontinental Packaging we value the trust our customers place in us, and every TC employee strives to deliver flexible packaging solutions especially for them. We acknowledge the critical role our packaging plays in annunciating their brand message and connecting with the consumer. To do so we bring high-end technology, sustainable solutions, expertise, and passion to support our customer’s success in the market today.”

In the movement to create more eco-friendly packaging, brand owners are seeking additional assurances their suppliers are providing safe and sustainable solutions that meet both packaging and consumer demands. To exceed these expectations, Ahlstrom is pleased to announce Cristal® Transparent Packaging Papers have met ChemFORWARD’s rigorous evaluation of human and environmental criteria for safer alternatives through the organization’s SAFER™ program. Cristal® transparent papers are ideal alternatives to non-renewable materials, from replacing a plastic or film in a package to creating a fully fiber-based end-use structure. “The use of transparent paper in packaging enables the food and ecommerce industries to effectively convey a value of trust in customers’ minds,” explained Guillaume Latourrette, Global Vice President of Food Packaging for Ahlstrom. “The strong sustainable attributes Cristal® already addressed as a natural, compostable, and recyclable packaging solution are now amplified by achieving SAFER™ status.”

Amcor announced a joint research project agreement with Nfinite Nanotechnology Inc. to validate the use of Nfinite’s nanocoating technology to enhance both recyclable and compostable packaging. In the proof-of-concept phase of the project, Nfinite’s coating technology will be applied to Amcor’s existing recyclable and compostable packaging material. The objective is to deliver an oxygen barrier to improve performance for recyclable and compostable packaging. Once validated, the next stage of development will seek to ensure the products are optimized to Amcor’s manufacturing processes and analyze additional substrates, such as bio-based materials to create more sustainable applications.

Klabin, the largest producer and exporter of paper for packaging and sustainable solutions in paper packaging in Brazil, made official, this Wednesday (22), the start of operations at the Klabin Port Terminal (PAR-01), located on the wharf commercial center at the Port of Paranaguá, in Paraná. With the capacity to receive one million tons of pulp and paper per year, the Terminal is part of the investment package in logistics made by the Company in the State in recent years. With the operation, the unloading of short and long fiber pulp, fluff pulp and paper, from the Puma Units, located in Ortigueira (PR), and from the Monte Alegre Unit, in Telêmaco Borba (PR), can be carried out within the Port of Paranaguá. With a structure that covers an area of ​​27,530 m², leased by Klabin for 25 years, in an auction held in August 2019, the new operation also brings productivity and competitiveness to Klabin in Break Bulk, a mode of maritime cargo transport without the use of of containers, which ships large volumes directly inside the ships, allowing customers to be served on a large scale and with operational excellence.

Kimberly-Clark Professional™ launches its ICON™ dispenser collection in the UK in March 2023. This innovative washroom solution will bring game-changing hygiene and design, combined with a new standard of dispensing performance and human-centric experience, to deliver unmatched confidence that goes beyond simply dispensing paper towels. The ICON™ portfolio showcases three system solutions for hand towels, toilet tissue and skincare, including soap and sanitiser. To gain a better understanding of how people’s attitudes towards hygiene and handwashing have shifted in the wake of the global COVID-19 pandemic, Kimberly-Clark Professional commissioned a survey¹ conducted by GfK in Europe. The survey revealed perceptions of cleanliness alongside evolving hygiene habits, expectations, and standards, such as: *76% of people have had poor experiences with hand hygiene in public washrooms since the start of the pandemic. *Almost half (46%) of respondents wash their hands more frequently than before the pandemic because they pay more attention to hygiene overall. *42% have experienced empty or improperly functioning paper towel dispensers, leading to frequent complaints.

Aptar Closures, a global leader in dispensing closures and active material science solutions today announced the acquisition of majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain. With the acquisition, Aptar Closures will leverage its global business capabilities and Gulf Closures’ manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East while opening new market opportunities and strengthening its presence in the region. Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.

Tonawanda, New York-based NOCO’s Buffalo River Compost brand Tend says its 1-cubic-foot bags of Brian’s Best Seal of Testing Assurance-, or STA-, approved compost will be packaged using a lawn and garden bag containing 20 percent postconsumer resin (PCR) for the 2023 season. Buffalo, New York-based Buffalo River Compost launched Tend, a brand geared for direct-to-consumer lawn and garden products, in 2022. When the company began to pursue packaging options, it says it found limited sustainable options. “Some places around the country are starting to require minimum recycled content standards for plastic packaging, such as garbage bags, but due to features such as UV protection and anti-slip, we weren’t able to immediately identify suppliers that used PCR in lawn and garden bags,” says Bobbie Thoman, director of sustainability and innovation at Tend.

The world’s largest machine for the production of kraftliner has entered service in Obbola in Västerbotten, outside Umeå, eastern Sweden. With a total investment of SEK 7.5 billion, this major project has been completed ahead of schedule and within budget, significantly increasing opportunities to produce packaging materials that replace plastic. “At full capacity, the machine will increase capacity from 450,000 tonnes to 725,000 tonnes a year, enabling our renewable kraftliner to replace large amounts of plastic and improve the [Obbola] plant’s competitiveness on the global market,” says Gustaf Nygren, SCA Obbola Plant Director. The Expansion Obbola investment project has a total budget of SEK 7.5 billion, of which approximately SEK 1 billion has been earmarked for environmental improvements at the site. For example, a biofuel-fired mesa furnace has been installed at the plant with the potential to phase out the use of fossil fuels and save 20,000 tonnes of carbon dioxide emissions.

Trioworld has added a new high-performance cast stretch film to its Katan-Ex range: Katan-Ex SL. Katan-Ex SL is fitted with a super slippery outside layer with non-cling properties and with all the benefits of cast film. This makes Katan-Ex SL a unique product. After successful customer testing at a large dairy company, Katan-Ex SL has demonstrated: *Pallets no longer clinging together *Less film usage, because of Katan-Ex SL's high stretchability *A reduction in cost per wrapped pallet.

Clayco, a full-service, turnkey real estate, architecture, engineering, design-build and construction firm, today celebrated the groundbreaking of WestRock’s new 410,000-square-foot corrugated box plant in Longview, Washington. Located just outside of the Vancouver, Washington metropolitan area, this marks the first collaboration between Clayco and WestRock. Developed by JB2 Partners and owned by an investment fund managed by ElmTree Funds, the new building will host a WestRock corrugated manufacturing operation, which will create approximately 40 jobs in Longview, Washington when production begins in the fall of 2023. Situated on 23.5 acres, the single-story, concrete tilt-up manufacturing facility will have a clearance height of 44 feet.

The products Koehler NexPlus® OGR and Koehler NexPlus® Wrap now not only do without the use of fluorochemicals, but also without the use of acrylate. This makes them the sustainable, environmentally friendly alternative to the packaging paper previously used in the fast food sector. With Koehler NexPlus® OGR and Koehler NexPlus® Wrap, Koehler Paper, a leading provider of paper with a disruptive barrier function for packaging solutions, has developed its fast-food paper further and brought it more into line with customer demand for sustainability. These products are now not only made without the use of fluorochemicals, as they have always been, but also without the use of acry-lates, making them a sustainable and environmentally alternative to the packaging paper currently used in the fast-food sector.

Fourth Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization (“EBITDA”) from ongoing operations for Aluminum Extrusions of $8.9 million was $2.0 million lower than the fourth quarter of 2021 *EBITDA from ongoing operations for PE Films of negative $2.6 million was $9.3 million lower than the fourth quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.0 million was $0.6 million higher than the fourth quarter of 2021

AptarGroup, Inc. announced that it has updated its Scope 1 and 2 science-based targets, setting an emissions reduction goal consistent with requirements to limit global temperature rise to 1.5° Celsius by year 2030. In 2021, Aptar significantly surpassed the original goals for emissions reduction to the WB2°C scenario and as a result, the Company has worked to update these goals to be more ambitious. Today, Aptar is proud to announce that its Scope 1 and 2 absolute emissions reduction targets align to the 1.5°C scenario and have been validated by the Science Based Targets initiative (SBTi).

Mag. Gernot Schleiss, Managing Director of MM Frohnleiten, explains: “The main objective of our investment was the modernization of the KM3 to enhance the quality of the end product, to reduce specific energy consumption and to increase productivity across the entire product range. We are convinced that ANDRITZ’s innovative PrimeLine technology will help us reach our targets.” Georg-Michael Sautter, ANDRITZ Key Account Manager Paper Board adds: “The new PrimeFlow AT headbox improves the quality of the end product, the two PrimePress X shoe presses lead to energy and bulk savings, and the PrimeRun web stabilizers ensure improved runability. All in all, the perfect package for highly efficient and high-quality production.”

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.”

ePac Flexible Packaging is pleased to announce that the company has achieved compliance in advance of all state deadlines related to PFAS and plastic packaging. State Laws and regulations banning intentionally added Polyfluoroalkyl (PFAS) in packaging have begun to go into effect in 2023. PFAS substances do not break down in water, soil, or the human body and have been identified as a potential health hazard. Eleven states have already enacted legislation for various forms of packaging with the first plastic packaging related deadline in Vermont of July 1 2023. Many other states have legislation in process and more will follow.

The consolidated sales of the Group reached EUR 4,682.1 million and were thus 52.5% or EUR 1,612.4 million above the previous year’s figure (2021: EUR 3,069.7 million). At EUR 510.3 million, an operating result of EUR 240.7 million above the previous year (2021: EUR 269.6 million) was achieved. Financial income amounted to EUR 4.3 million (2021: EUR 3.3 million). The increase in financial expenses from EUR -24.4 million to EUR -32.1 million is mainly due to the raising of promissory note loans and registered bonds in the previous year to finance acquisitions and organic growth projects. The net income for the year thus increased by EUR 154.5 million to EUR 345.2 million (2021: EUR 190.7 million).

It all started with the question: is it possible to create a high performance stretch film based on recycled material whilst keeping the high-quality level? And now, Trioworld proudly presents Katan-Ex Loop30: the high performance stretch film for businesses, allowing them to both reduce their carbon footprint and keep their loads stable. Katan-Ex Loop30 arrived right on time: this product makes it easier than ever to switch to a more sustainable option. Trioworld has a strong focus on sustainability and has set clear goals for the use of Post-Consumer Recycled materials in many of its products. Trioworld is therefore proud to introduce this new high performance stretch film with 30% PCR content.