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.

Mondi, a global leader in sustainable packaging and paper, has won the coveted PPI Award in the Product Innovation category for its Hug&Hold packaging solution. The Fastmarkets Forest Products PPI Awards are the only global awards dedicated to recognising the achievements of companies, mills and individuals in the pulp and paper sector. Hug&Hold is a paper packaging solution designed and developed to wrap and transport PET beverage bottles, replacing plastic shrink wrap. It is a recyclable 100% paper-based solution, comprising a kraft paper sleeve and a corrugated clip to secure the bottles and offer a comfortable handle for transportation.

Ahlstrom has today launched a consultation process with employee representatives at its Stenay plant in France about the possibility to divest the plant, and if a buyer cannot be found considering closure. Stenay plant produces one-side coated specialty papers for specific uses in the packaging sector where there is overcapacity in Europe and competition with machines with a more competitive cost structure. The plant has an annual capacity of approximately 55,000 tons of specialty paper and has 127 employees.

When Inland Packaging opened its third new 40,000 sq.-ft .manufacturing facility in La Crosse, WI, the domestic label and packaging manufacturer ensured that its $15 million equipment investments included a unique high speed, specially built press for the in-mold label market. To provide the finest service to its customers, management chose the pinnacle of premium offset press technology available on the market — its first Koenig & Bauer, a Rapida 106X UV LED nine color plus coater — as the centerpiece of its newest production facility. “Our state-of-the-art press and finishing equipment have opened additional capacity with increased productivity and efficiency,” says Amy Mashak, Director of Operations at Inland. “This additional capacity is allowing Inland to better serve growing markets and exceed customer demand.”

The largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, Klabin was the winner in two categories of the PPI Awards, by Fastmarkets RISI, considered the most important worldwide recognition of the Pulp and Paper sector. Cristiano Teixeira, the Company's managing director, was elected “International CEO of the Year”, and the company's actions aimed at the digital transformation of its forestry operations were recognized in the “Digital Innovation” category. Since taking over Klabin's general management, Cristiano Teixeira has guided the Company's full and continuous growth process, with a focus on sustainability, operational efficiency and technology. The executive prioritizes strategic planning guided by the company's integrated, diversified and flexible business model, capable of adapting to the most diverse economic environments, and which reinforces the Company's long-term vision.

Packaging is often the first physical touchpoint a customer has with a brand and product - the form, function, and branding of the packaging can be very influential on a purchasing decision. However, packaging has a massive sustainability problem that can’t be ignored. Today the world produces 400 million tons of plastic waste annually, 36% of which is from packaging and 85% of which ends up in landfills or as unregulated waste. Rethinking how we package products can improve the sustainability and circularity of these materials, address health concerns like microplastics and antimicrobial-resistant bacteria along the way, and even provide an improved business case. With that in mind, let’s dive into four trends and innovations in sustainable packaging that will define the future of the category. 1. Reducing and recycling plastic packaging 2. Making strides with mono-materials 3. Biodegradable and repurposable packaging 4. Antimicrobial awareness and innovation

Atlantic is excited to announce that the Science Based Targets initiative (SBTi) has approved our science-based targets for reaching net-zero greenhouse gas emissions by 2046! Atlantic Packaging is the first North American packaging company with an approved net-zero target. Overall Net-Zero Target: *Atlantic commits to reach net-zero greenhouse gas emissions across its value chain by 2046, which is Atlantic’s 100th birthday. Near-Term Targets: *Atlantic commits to reduce Scope 1 and 2 greenhouse gas emissions 70% by 2030, from a 2021 base year. *Atlantic also commits that 55% of its suppliers by spend, covering purchased goods and services, will have science-based targets by 2027. *Atlantic further commits to reduce 25% of its Scope 3 greenhouse gas emissions from purchased goods and services by 2030, from a 2021 base year.

Greif is pleased to announce the rebrand of its product circularity program, now known as Life Cycle Services by Greif. Backed by one of the most comprehensive sustainability programs in industrial packaging, Greif has a proven history of helping customers meet and exceed their sustainability goals. This initiative aligns with its recently announced 2030 Sustainability Targets, including a broader focus on advancing a circular economy, reducing greenhouse gas emissions, and championing diversity, equity, and inclusion initiatives. Under the new Life Cycle Services brand, Greif has aligned these end-of-life services offered by its Global Industrial Packaging (GIP) and Paper Packaging and Services (PPS) businesses.

Fourth Quarter 2022 Financial Highlights: *Net Revenues of $1,476 million for the fourth quarter of 2022 were down 3% compared to $1,527 million in the fourth quarter of 2021 and down 8% compared to $1,609 million in the third quarter of 2022. *Net Income from continuing operations of $27 million for the fourth quarter of 2022 decreased 21% compared to $34 million in the fourth quarter of 2021 and decreased 85% compared to $175 million in the third quarter of 2022. Full Year 2022 Financial Highlights: *Net Revenues of $6,220 million for the year ended December 31, 2022 were up 14% compared to $5,437 million in the prior year. *Net Income from continuing operations of $319 million for the year ended December 31, 2022 compared to $33 million in the prior year.

Aptar Beauty, a leading and innovative dispensing solutions provider for beauty brands around the world has acquired iD SCENT, an expert in full paper fragrance sampling solutions that present multiple sustainability features. iD SCENT will further strengthen and expand Aptar’s portfolio of fragrance sampling solutions with a 100% paper-based product, customizable to each beauty brand and fully e-commerce capable. iD SCENT brings a unique know-how in fragrance encapsulation in paper, together with the company’s proprietary manufacturing process and assets. iD SCENT was founded in 2004 by Michel Caffon in Lyon, France, and has developed a strong know-how in scented paper technology, offering a wide range of full paper sampling, combined with compelling expertise in olfactory long lastingness.

Eco-Products® announced today that one of its Vanguard® clamshells has earned CMA-W approval from the Compost Manufacturing Alliance (CMA), making it the first molded fiber item made with no-added PFAS to be approved by CMA. Vanguard is a groundbreaking line of compostable plates and containers made from molded fiber. The award-winning products use a proprietary chemistry to achieve grease resistance without the addition of PFAS, part of a class of materials sometimes referred to as “forever chemicals.” “Eco-Products is proud to be an industry leader in offering the very best, most innovative products made from renewable and recycled materials,” said Ian Jacobson, President of Eco-Products. “CMA’s approval of this item continues to distinguish Vanguard as the premier option in the no-added PFAS product category.”

Constantia Flexibles, the third largest producer of flexible packaging worldwide, has signed an agreement to acquire the Polish company Drukpol Flexo. “We are delighted by this opportunity to invest in the growth of our European flexo printing platform whilst reinforcing our successful footprint in Poland,” says Pim Vervaat, CEO of Constantia Flexibles. On March 2nd, 2023, Constantia Flexibles has agreed to acquire the Polish flexible packaging company Drukpol Flexo sp. Z.o.o. “I am convinced that Drukpol Flexo has found the right partner for the future and continues to grow under Constantia Flexibles’ wings,” states the founder and owner of Drukpol Flexo, Zenon Ziemak.

International Paper announced a company rebrand to align with its strategic vision to Build a Better IP through sustainable, profitable growth and accelerated value creation. As the company celebrates its 125th anniversary in 2023, the rebrand highlights the resilience of International Paper, the sustainability of its mission and its commitment to creating what's next. The new branding is rooted in the company's legacy of safety, ethics and stewardship. It embodies a renewed sense of purpose, energy, and optimism, and marks another major milestone in the evolution of International Paper.

Living in the Bioeconomy is the title of the two-day conference Sweden is organizing during the Presidency of EU. Today, Billerud’s President and CEO Christoph Michalski spoke about the role of fibre-based packaging in the needed green transition. The conclusion is that material and design of package matters. The bioeconomy is an important part of the circular economy. Fiber-based packaging is recycled, and the fiber is reused again and again until the quality of the fiber has become so low that it no longer can be used. Then it returns to carbon dioxide and the natural carbon cycle is closed. This contrasts the fossil economy. Billerud replaces fossil-based materials with renewable and recyclable materials. Recycled content contributes to the sustainability of paper-based packaging and to a more sustainable, circular economy. “I would also like to stress the importance of food safety. Protecting food and reducing food waste have a greater impact than the actual climate impact of producing the package”, says Christoph Michalski.

I am delighted to be able to share with you the news that on February 22, 2023 TASKI acquired substantially all of the assets of NSS Enterprises, Inc. The joining of TASKI and NSS will provide an expanded product offering to you, as well as expanded local resources, including sales, customer service and technical support. Toledo, OH production facilities will continue to service NSS customers, as well as expand TASKI’s footprint in the U.S. The acquisition reinforces TASKI’s dedication to expand our service and support of your business. U.S. production will allow TASKI to improve its time to market, and NSS will benefit from the synergies created by the acquisition. You will also benefit from the global research, development and innovation excellence for which TASKI is renowned. Over the coming months, a dedicated team will work through the beginning stages of integrating the two businesses, with customer service and technical support as the key focus areas. We commit to keeping you informed of the process and will provide regular updates. In the coming days and weeks, the team will be spending time with customers to discuss and explore the benefits of the TASKI-NSS enhanced offering. If you have any questions, please feel free to speak to your NSS and/or TASKI sales representative, who will be happy to discuss, in more detail, the benefits TASKI-NSS can bring to your business.

The ISCC PLUS certification reinforces the Pregis Purpose to ‘Protect, Preserve, Inspyre.’ It is the latest example of the company achieving goals in support of its sustainability commitment to provide high-performing products while enabling a circular economy. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-based. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain. "The completion of the ISCC PLUS certification across the entire Pregis Performance Flexibles facility network clearly showcases our commitment to advancing the circular economy," explains Jonathan Quinn, Director of Market Development and Sustainability for Pregis Performance Flexibles. "It is a testament to our continued efforts to push the boundaries of innovation in blown films and expand our specialty films offerings in the food and medical packaging markets as well as other demanding applications."

Q4 2022 Highlights *Sales of $1,135 million (compared with $1,174 million in Q3 2022 and $1,028 million in Q4 2021) *Operating loss of $(20) million (compared with $25 million in Q3 2022 and $(90) million in Q4 2021) *Net loss per common share of $(0.27) (compared with a net loss per common share of ($0.02) in Q3 2022 and net earnings per common share of $1.04 in Q4 2021). 2022 Annual Highlights *Sales of $4,466 million (compared with $3,956 million in 2021) *Operating income of $33 million (compared with $50 million in 2021) *Net loss per common share of $(0.34) (compared with net earnings per common share of $1.60 in 2021)

Smurfit Kappa has patented a new innovative Vitop® Uno tap which is the first tap in the Bag-in-Box market to have attached tamper protection. The new tap design is compliant with the forthcoming Single Use Plastics Directive as it does not require the consumer to remove the tamper protection. Instead, it is deactivated when the product is first used and remains an integral part of the tap without affecting the subsequent use of the Bag-in-Box® product. This innovative solution eliminates the possibility of the tamper protection plastic ending up in the environment which can happen with detachable tamper protections. After use, the consumer can easily separate the box from the bag with the tap and send them for recycling in accordance with their country's recycling regulations.

Highlights • Strong financial performance from continuing operations ◦ Underlying EBITDA of €1,848 million, up 60% (2021: €1,157 million), with underlying EBITDA margin of 20.8% (2021: 16.6%) ◦ Profit before tax of €1,560 million, up 119% (2021: €712 million) ◦ Cash generated from operations of €1,292 million, up 29% (2021: €1,001 million); strong balance sheet with leverage (net debt to underlying EBITDA) of 0.5 times • €1 billion expansionary capital investment pipeline on track to deliver growth across our packaging businesses • Good progress made on our sustainability roadmap, Mondi Action Plan 2030 (MAP2030) ◦ Science-based Net-Zero targets validated • Completed sale of the Personal Care Components business • Agreed sale of Russian assets, with regulatory approval process ongoing

Huhtamaki has acquired full ownership of Huhtamaki Tailored Packaging Pty Ltd (HTP), the Australian foodservice packaging distribution and wholesale group. HTP employs more than 130 people and is today one of the largest importers and distributors of foodservice packaging in Australia serving a wide network of customers including metropolitan and regional packaging wholesalers, food wholesalers, club and hospitality suppliers, and national quick service restaurant businesses.

Stora Enso will invest approximately EUR 30 million in its Heinola Fluting site in Finland to renew the energy set-up and process equipment. After the investment, the site can replace also the remaining fossil-based fuels with renewable bioenergy. This will reduce the site’s greenhouse gas emissions with more than 90%. "This investment supports Stora Enso’s emissions target, enabling our carbon footprint to reach the lowest levels on the market for Nordic semi-chemical fluting board. As a result, we can help our customers to become more environmental-friendly while at the same time providing them with our premium quality fluting product”, says Henna Pääkkönen, Head of Containerboard Business Unit at Stora Enso Packaging Materials.

Georgia-Pacific is making a significant investment at its corrugated plant in Owosso, Michigan. Newer equipment will improve the plant's throughput and print capability to better meet customer needs. The upgrades include a new corrugator, converter, single facer, preheater, glue machine, and control systems as well as an upgrade to the existing single facer and unitizer. By enabling the double wall capability, Owosso will be able to expand its customer base and provide expanded products to current customers. “The investment in the Owosso plant is part of our strategy to be the preferred partner of our customers and will help us continue to expand our product offerings with superior service and quality,” said Bill Smith, Georgia-Pacific’s area general manager.

To help major food brands achieve important sustainability goals, Pactiv Evergreen, a leading manufacturer of fresh food and beverage packaging in North America, is teaming up with AmSty, the leading manufacturer of polystyrene in North America and a pioneer in circular recycling of polystyrene. Pactiv Evergreen will soon offer customers innovative foam polystyrene packaging products with AmSty’s post-consumer recycled content derived from advanced recycling technologies. “Pactiv Evergreen produces thousands of products in more than a dozen materials that protect, package and display fresh food and beverages,” said Eric Wulf, president of Pactiv Evergreen’s food merchandising business unit. “Our broad material expertise enables us to support our customers quickly and effectively as they seek more sustainable products. Our collaboration with AmSty expands our portfolio of circular packaging, and we’re pleased to offer this solution to our customers.”

Diversified Labeling Solutions, a national converter of pressure-sensitive labels, has expanded its RFID label business with the addition of a new Mark Andy flexographic press with an inline Tamarack RFID inserter. As a leading national label supplier, DLS has seen significant growth in the demand for RFID labels. To continue to meet customer demand, and bring RFID label conversion inhouse, DLS has installed a new 13” 4-color Mark Andy 2200 flexographic press with three die cutters, a perforation station and an inline Tamarack P500 RFID module. The new equipment is installed in DLS’ Itasca, IL facility and adds to DLS’s already significant production portfolio. With five nationwide locations, DLS maintains a fleet of over 50 presses including flexographic, UV digital, HP Indigo and hybrid printing equipment.

It’s no secret that the last few years have had their challenges – tightening economic conditions, supply chain constraints and the ongoing global pandemic to name a few. One of the bright spots for many was the opportunity to welcome a new four-legged family member into their home, – or simply spending more time spoiling their furry friends. With increased time at home, pet ownership skyrocketed, - as did the need for pet essentials. It makes sense that the pet food and supplies industry has experienced continuous growth. In fact, by 2026, U.S. households are expected to provide homes to roughly 195 million cats and dogs alone. As people continue to bring new pets into the home at an increasing rate the demand for pet supplies (and pet food and medicine in particular) naturally continues to increase.

Kruger Packaging announced investments of over $30 million to modernize its Place Turcot Containerboard Mill in Montréal. With this important transformation to be completed in 2025, the Place Turcot facility will be the first in North America to manufacture 100% recycled saturating kraft board, a product that is used to make high-pressure laminates for furniture, countertops and decorative paneling. In support of this innovative project, the government of Canada is contributing $10 million through the Investments in Forest Industry Transformation (IFIT) program, while the Québec government is providing a combined sum of more than $3 million through the Innovation Bois Program, as well as the ÉcoPerformance program, which stems from the 2030 Plan for a Green Economy. In addition to eco-friendly saturating kraft board, Place Turcot will make other specialty products from 100% recycled fibres, including gypsum board paper, customized board for residential construction, folding box board for FDA-compliant food packaging, and white top linerboard.

Aptar has again achieved the Platinum level rating in recognition of its sustainability efforts from EcoVadis. The Platinum rating places Aptar among the top 1% of the more than 90,000 companies rated by EcoVadis across all industries. “We are extremely proud to once again achieve Platinum status from EcoVadis due to our continued progress in key sustainability areas of environmental stewardship, labor and human rights, ethics and sustainable procurement,” said Stephan B. Tanda, Aptar President and CEO. “This recognition reflects our shared values: to act ethically and responsibly, to foster a diverse team and capitalize on this strength, to care for each other and our planet, to source renewable energy, and to further a circular economy where packaging is reused and recycled.”

Trioworld expands its capacity in the United Kingdom through a substantial investment in automated production equipment for hand stretch film. This will enhance our ability to serve the market more efficiently throughout the UK and Europe. In 2022, Trioworld acquired both Eurofilms and Quality Films, now merged into Trioworld UK, creating a strong position across the country. With this investment, Trioworld UK further strengthens its capacity and the consistent supply of natively produced high-performance conventional and pre-stretched hand film.

Mill Rock Packaging Partners LLC announced that it has acquired Keystone Paper & Box Company, a leading specialty packaging company that manufactures custom folding cartons for consumer and healthcare end markets. Mill Rock Packaging, formed by Mill Rock Capital in 2020, is a growth-oriented specialty packaging company focused on leading design, innovation and technology, with strong operational capabilities and unparalleled customer service. The transaction marks Mill Rock Packaging's expansion to the Eastern U.S. and its fourth acquisition. In connection with the transaction, Keystone's leadership team has made a significant investment in Mill Rock Packaging. Management will remain with the company. Terms of the transaction were not disclosed.

Fourth Quarter and 2022 Highlights *Delivered progress on strategic priorities including portfolio simplification and structural transformation *Achieved record fourth quarter and annual financial results. In the fourth quarter, revenue grew 16%. GAAP EPS grew by 48% and Base EPS grew by 28% year-over-year *Successfully integrated the Metal Packaging acquisition to expand rigid packaging in North America *Completed Skjern Paper acquisition in Denmark in the fourth quarter to expand sustainable paper packaging products in Europe *Reaffirmed commitments to ESG initiatives as noted in our annual corporate responsibility report

Net sales of $1.4 billion decreased 8% as reported in fourth quarter 2022, with APAC decreasing 14%, Americas decreasing 8%, and EMEA decreasing 6%. Net earnings were $95 million, or $0.65 per diluted share, in fourth quarter 2022 as compared to net earnings of $169 million, or $1.12 per diluted share, in fourth quarter 2021. Full year 2022 net sales of $5.6 billion increased 2% as reported, with Americas increasing 6%, APAC decreasing 6%, and EMEA decreasing 3%. Full year 2022 net earnings were $491 million, or $3.33 per diluted share, as compared to net earnings of $491 million, or $3.22 per diluted share, in full year 2021.

Highlights - Six Months Ended December 31, 2022 • Net sales of $7,354 million, up 6%; • GAAP Net income of $691 million, up 62%; GAAP diluted earnings per share (EPS) of 46.1 cps, up 65%; • Increasing cash returns to shareholders: quarterly dividend of 12.25 cents per share; and up to $500 million of share repurchases expected in fiscal 2023, including an additional $100 million announced today; and • Fiscal 2023 outlook: Maintaining adjusted EPS and Free Cash Flow ranges at 77-81 cps and $1-1.1 billion, respectively.

Q4 2022 in brief: *Net sales increased 10% to EUR 1,104 million (EUR 999 million) *Comparable net sales growth at Group level was 9% and 6% in emerging markets *The impact of currency movements on the Group's net sales was EUR 46 million and EUR 5 million on EBIT. Q1-Q4 2022 in brief *Net sales increased 25% to EUR 4,479 million (EUR 3,575 million) *Comparable net sales growth at Group level was 15 % and 16% in emerging markets *The impact of currency movements on the Group's net sales was EUR 234 million and EUR 22 million on EBIT *Capital expenditure was EUR 318 million (EUR 259 million)

January–December 2022 (compared to 1–12/2021): Sales were EUR 2,479.6 million (2,084.1). The comparable operating result was EUR 520.7 million 386.6), or 21.0% of sales (18.6). Operating result was EUR 531.5 million (375.9). Comparable earnings per share were EUR 1.13 (0.85), and earnings per share were EUR 1.15 (0.82). Comparable return on capital employed was 20.9 % (18.7). Net cash flow from operations was EUR 232.0 million (329.6). October–December 2022 (compared to 10–12/2021): Sales were EUR 599.8 million (518.5). The comparable operating result was EUR 100.8 million (91.3), or 16.8% (17.6) of sales. Operating result was EUR 94.7 million (90.8). Comparable earnings per share were EUR 0.23 (0.20), and earnings per share were EUR 0.21 (0.19). Comparable return on capital employed was 15.5% (16.1). Net cash flow from operations was EUR 70.2 million (119.7).

2022 Highlights - Net Sales were $9,440 million versus $7,156 million in the prior year. *Net Organic Sales increased 3% from the prior year. *Net Income was $522 million versus $204 million in the prior year. *Earnings per Diluted Share were $1.69 versus $0.68 in the prior year. *Net debt was $5,133 million versus $5,659 million at prior year end. *Year-end net leverage was 3.2x versus proforma 4.6x at prior year end. *New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.

Finnish startup Fiberwood, a producer of 100% ecological wood fibre insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production. Valued at EUR 25 billion, the global insulation market is currently dominated by two groups of products: inorganic mineral wools, such as stone or glass wool, and fossil-based cellular plastic products, like polystyrene. However, these products have more environmental consequences as they are not recyclable or biodegradable. Fiberwood’s bio-based, plastic-free, and compostable insulation sheets are made from wood pulp and side streams from the mechanical wood industry with special foam-forming technology. The insulation sheets include natural traits of trees as well as air pockets that increase the material’s insulation capabilities. The products are carbon negative as they store and bind carbon dioxide to the wood for as long as it exists. The insulation sheets are easy, safe, and quick to install. Once they are ready to be recycled, the insulation sheets will biodegrade into plastic-free soil.

Greif is pleased to announce the rebrand of its product circularity program, now known as Life Cycle Services by Greif. Backed by one of the most comprehensive sustainability programs in industrial packaging, Greif has a proven history of helping customers meet and exceed their sustainability goals. This initiative aligns with its recently announced 2030 Sustainability Targets, including a broader focus on advancing a circular economy, reducing greenhouse gas emissions, and championing diversity, equity, and inclusion initiatives. Under the new Life Cycle Services brand, Greif has aligned these end-of-life services offered by its Global Industrial Packaging (GIP) and Paper Packaging and Services (PPS) businesses. For years, rigid packaging customers have trusted on the EarthMinded® network of partners across the US and EMEA for collection, cleaning, recycling, and reconditioning services.

Lacerta Group LLC recently invested in expanded regional capabilities, new facilities, and innovative technology to strengthen our commitment to end-to-end customer service. Lacerta is a leading provider of innovative thermoformed packaging solutions that has built its reputation on product integrity, speed to market, and customer care. The acquisition of a facility in the Midwest and larger, consolidated warehousing space in the Northeast is helping customers across the country get packaging products faster and at a competitive price. Below you’ll find the details of our investments in 2022 that strengthen our continued dedication to serving our customers. Lacerta recently opened a fully refurbished and consolidated warehouse center in Attleboro, Mass. Lacerta also acquired the production facility and other assets of Portage Plastics Corporation in late 2022, expanding services in the Midwest and West markets. The 70,000-square-foot manufacturing and warehouse space include 11 thermoformers for production.

Highlights - First Quarter 2023 *Operating income of $210 million; Operating EBITDA of $443 million, up 3% on a comparable basis *Earnings per share of $0.85; Adjusted earnings per share of $1.30, up 11% on a comparable basis *Fiscal 2023 outlook: Reaffirmed adjusted EPS and free cash flow ranges *Returned $211 million to shareholders in the quarter ($178 million via share repurchases and $33 million in dividends) *Reduced long-term leverage target to 2.5x – 3.5x (net debt to adjusted EBITDA)

SEE announced today that it has completed the previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis. This strategic acquisition unites two leaders in the global flexible packaging industry and aligns with the high-performance growth and innovation cultures of both companies. Liquibox is a pioneer, innovator and manufacturer of Bag-in-Box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition accelerates SEE’s fastest growing segment, the CRYOVAC® brand Fluids & Liquids business. CRYOVAC® technology, scale and market access provide a significant source of synergies. This acquisition contributes to and fast tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable packaging solutions.

Metsä Board has concluded a logistics agreement with Kuljetusliike Kalevi Huhtala Oy for transport between the Kemi board mill and Ajos harbour, in Kemi. All exports from the Kemi board mill will be centralised in Ajos. "Efficient export logistics is a key factor in paperboard production. We require efficient and low-emission solutions from our chosen partners in logistics," says Timo Ahonen, VP, Kemi Board mill.

In today's world, it has become increasingly important not only to make sure that your brand is standing out from the competition but that you are delivering a seamless and integrated experience across all channels. To meet this demand, brands must find ways to provide an omnichannel approach that puts the customer at the center of every interaction. When it comes to retail packaging, this means providing an experience that resonates with the customer and sets your brand apart from the competition. Let’s look at omnichannel packaging and how you can use it to create a consistent brand experience for your customers. What is omnichannel packaging? The omnichannel experience is a retail strategy focusing on a consistent experience across every channel your customers use to interact with your brand.

First Quarter Highlights and other notable items: *Net sales of $4.9 billion comparable year-over-year *Net income of $45 million, Adjusted Net Income of $141 million *Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash pension costs increased $40 million year-over-year and the unfavorable impact of foreign currency was $17 million year-over-year *Acquired the remaining 67.7% interest in Gondi, S.A. de C.V. (“Grupo Gondi”) for $970 million, plus the assumption of debt *Divested two uncoated recycled paperboard mills (“URB”) for $50 million, subject to a working capital adjustment, and recorded an $11 million pre-tax gain on sale

Approximately three billion pizza boxes are manufactured in the U.S. each year1 and nearly 12.5 million of those pizzas are purchased for Super Bowl Sunday alone according to American Pizza Community. Pratt Industries is proud to be a producer, supplier and recycler of pizza boxes used to celebrate special occasions, from the big game to family game nights and everything in between. “Pizza is a big part of American culture,” says Bob Humberstone, Segment Director for Pratt’s pizza business. “It’s an easy go-to for serving groups, whether spontaneous get-togethers or pre-planned celebrations; making it a convenient and fast crowd pleaser.” Humberstone adds that Pratt understands pizza. Just like one pie doesn’t fit all when it comes to pizza, Pratt understands that one solution does not suffice for all pizza retailers. “National chains need reliable volume, supply chain optimization and sustainable solutions,” says Humberstone, “while regional players need help with inventory management, order flexibility, and size options. Smaller pizzerias may want to be more personal and have quick-turn options for seasonal messages tied to the local community.”

Ahlstrom has led the marketplace in the movement towards more sustainable solutions for fiber-based food packaging, and its new generation of FluoroFree® technology is achieving grease-resistance in the most challenging food packaging applications. Ahlstrom’s FluoroFree® technology has expanded to its PawPrint® line of multi-wall, fiber-based pet food packaging papers, in addition to its Tempera® Microwave Popcorn papers and Servera® Quick Service Restaurant products. For applications in need of fully sustainable packaging and grease barrier wrapping such as bouillon cubes, FluoroFree® provides the solution utilizing alternative materials to films and foils. In addition, Ahlstrom’s Genuine Vegetable Parchment products are naturally greaseproof papers that are also certified Home Compostable.

FULL-YEAR AND FOURTH QUARTER 2022 HIGHLIGHTS *Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share) compared with $1.8 billion ($4.47 per diluted share) for full-year 2021 *Full-year 2022 adjusted operating earnings* (non-GAAP) of $1.2 billion ($3.18 per diluted share) compared with $944 million ($2.41 per diluted share) for full-year 2021 *Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share) including a $533 million non-cash impairment of our Ilim joint venture investment; Fourth quarter adjusted operating earnings* *9% full-year revenue growth; 24% full-year operating earnings growth *Building a Better IP initiatives delivered $250 million of earnings benefit in 2022, including $75 million in fourth quarter *$2.2 billion of full-year 2022 cash provided by operations, including $761 million of cash provided in fourth quarter

Following the success of its original Lewis Hamilton signature energy drink, Monster Energy has continued its ongoing partnership with the seven-time Formula One World Champion to launch a new zero-sugar version. Zero sugar is a key growth driver in the energy drink category. The new Lewis Hamilton Zero Sugar edition has a completely new formula with a refreshing peach nectarine flavour described as “stone fruits” and is made from vegan ingredients. For this all new SKU (Stock Keeping Unit), Monster needed new artwork that reflected Lewis Hamilton’s status as a global sporting celebrity. They achieved this with a unique collaboration between the champion driver and cutting-edge digital artist Mad Dog Jones (Michah Dowbak).

The American Forest & Paper Association has released its Q4 2022 Containerboard Quarterly report. According to the report, total U.S. containerboard production decreased 5% when compared to the full year of 2021. Most containerboard grades experienced double-digit percentage declines in Q4. Drops in both domestic and export production contributed to operating rates in the 80s and in some cases the high 70s, bringing the 2022 operating rate five points below that of 2021. Recycled Medium was the only subgrade that had a single-digit percentage drop (-9%) and an increase in export production for the quarter, though exports represent a very small portion of its total production.

Stora Enso’s segment reporting was changed on 1 January 2023 due to the ongoing reorganisation of the Paper division’s operations and changes in the reporting of emerging businesses in the Packaging Solutions division. The Paper division was discontinued as of 1 January 2023 and will not be reported as a separate segment going forward. From 1 January 2023, the Maxau and Hylte sites are reported in Segment Other until the completion of the divestments. The retained Langerbrugge and Anjala sites are reported as part of the Packaging Materials division. From 1 January 2023, the reporting of the emerging businesses in the Packaging Solutions division, including Formed Fiber, Circular Solutions (biocomposites), and Selfly Stores, was transferred to Segment Other.

Packaging Corporation of America reported fourth quarter 2022 net income of $212 million, or $2.31 per share, and net income of $215 million, or $2.35 per share, excluding special items. Fourth quarter net sales were $1.98 billion in 2022 and $2.04 billion in 2021. Full year 2022 net income was $1.03 billion, or $11.03 per share, and net income of $1.04 billion, or $11.14 per share, excluding special items. Full year net sales were $8.5 billion in 2022 and $7.7 billion in 2021. In the Packaging segment, shipments per day were down (8.7%) and total corrugated products shipments, with one less shipping day, were down (10.2%) versus last year’s fourth quarter. Containerboard production was 961,000 tons, and containerboard inventory was down 66,000 tons from the third quarter of 2022 and down 46,000 tons compared to the fourth quarter of 2021. In the Paper segment, sales volume was down 14,000 tons compared to the third quarter of 2022 and down 15,000 tons from the fourth quarter of 2021.

Silgan Holdings Inc., a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products, reported record full year net sales of $6.41 billion, a 12.9 percent increase over prior year net sales of $5.68 billion, and full year 2022 net income of $340.8 million, or $3.07 per diluted share, as compared to full year 2021 net income of $359.1 million, or $3.23 per diluted share.

As of January 1st, Trioworld’s recent acquisitions of two leading innovative high-performance stretch film UK manufacturers, Eurofilms & Quality Films, have merged into one company to strengthen their UK position and support further growth ambitions. “I am happy to announce that Sonia Griffiths, who has been a driving force in developing the hand stretch film market in the UK during her 19 years with Quality Films, will lead the joint teams of Quality Films and Eurofilms to grow our UK business,” says Per Holtstrand, Division President, Stretch Film at Trioworld Group.

Executive Summary *Fourth quarter 2022 net sales of $5.0 billion, even with the year-ago period, including organic sales growth of 5 percent. *Full-year 2022 net sales of $20.2 billion increased 4 percent, with organic sales up 7 percent. *Diluted net income per share for the fourth quarter was $1.50 in 2022 and $1.06 in 2021. Full-year diluted net income per share was $5.72 in 2022 and $5.35 in 2021. *Net sales in 2023 are expected to increase 0 to 2 percent, including organic sales growth of 2 to 4 percent. Diluted earnings per share is expected to increase 2 to 6 percent, driven by an operating profit increase in the mid-to-high single digits, both versus adjusted results in 2022.

In 2021, the global consumption of paper cups reached more than 244.7 billion units. Most of them still have a non-recyclable plastic lid on. Finnish entrepreneur Matti Salonoja wanted to create an option for plastic. Stora Enso Cupforma Natura Aqua+ gave a great base for the groundbreaking solution. Matti Salonoja ended up making paper lids partly by chance. In 2008, he and his friend thought about having a business and ended up importing branded paper cups to Finland. When his friend left the company after a couple of years, Salonoja started selling cups full-time, and in 2014 he decided to get a cardboard cup machine himself. Back then, the coating on the paper cups prevented them from being recycled. During 2015, however, several cardboard manufacturers started to develop an alternative to plastic used in cups, made of water-based coated cardboard.

The latest innovation from Koehler, NexPlus® Advanced, is an evolution of the Koehler Paper’s barrier concept, with the aim of replacing plastic as a packaging material where appropriate. nucao is the first chocolate manufacturer in the market to embrace paper primary packaging made from paper and has been using it for its chocolate products “nucao fruits” and “nucao nuts” since the end of 2022. Leipzig-based chocolate start-up nucao is shaking up the chocolate market. Founded in 2016, the company is currently leading the way when it comes to sustainable chocolate. nucao is the first chocolate manufacturer in the market to embrace primary packaging made from paper and has been using it for its chocolate products “nucao fruits” and “nucao nuts” since the end of 2022. The flexible packaging paper Koehler NexPlus® Advanced from Koehler Paper has an excellent oxygen, mineral oil, and grease barrier, which is necessary for applications where there is direct contact with chocolate and nuts. Making this switch enables nucao to meet a key consumer demand for greater sustainability and to lead the way in the chocolate market with how it chooses to package its products.

Mondi, a global leader in packaging and paper, is expanding its unique range of medium, high and very high-barrier paper-based packaging to support customers on their journey to use more sustainable packaging solutions. Thanks to Mondi’s extensive research and development activities, expertise in both paper and plastic as well as investments in new technology and increased capacity, the company has further evolved its portfolio and now offers a full range of FunctionalBarrier Papers to customers. By applying different barrier technologies, such as extrusion coatings, aqueous coatings and other very high barriers, this range of paper-based packaging solutions is fit for purpose and can be used for a variety of applications. The medium barrier solution, designed for industrial, eCommerce and personal care packaging, offers high sealability and medium water vapour protection, while the high barrier functional paper offers a medium oxygen and water vapour barrier, as well as a high grease and mineral oil barrier for frozen foods and chocolates. The very high barrier solution, for consumer food products such as coffee, cereals and confectionery, provides excellent product protection from water vapour and oxygen and ensures a long shelf life.

As shoppers and retailers head back to more routine day-to-day activities following the holiday chaos, one activity that is likely to continue well into February is gift returns. Returns are a routine cost of doing business for online retailers as part of a positive user experience. But the holidays offer more significant challenges regarding returns, particularly when you add more brick-and-mortar stores to the situation. The National Retail Federation estimates consumers will return about 16.5 percent of their gifts. A UPS study puts that at around 23 percent - a quarter of the gifts given over the holidays. In cases where an item still has value after being returned, it is imperative to maintain the integrity of the product during shipment. The easiest way to do that is through effective packaging.

The American Forest & Paper Association (AF&PA) has released the December 2022 Packaging Papers Monthly report. According to the report, total U.S. packaging papers & specialty packaging shipments in December decreased 13% compared to December 2021. Total packaging papers & specialty packaging shipments were down 4% for the year compared to 2021. Shipments of the biggest subgrade in bleached packaging papers — food wrapping — were 27,000 short tons for the month of December. Unbleached packaging papers & specialty packaging shipments in December decreased 12% compared to December 2021. They were down 2% for the year compared to 2021.

The Department of Commerce (DOC) shouldn’t be picking winners and losers in U.S. manufacturing markets, but that is exactly what they are doing in the case of aluminum foil imports. A “self-initiated” case by the DOC against suppliers of aluminum foil from South Korea and Thailand threatens manufacturers of flexible packaging with unwarranted duties on necessary aluminum foil for food, pharmaceuticals, and medical device packaging. These duties are not appropriate as the foil used in these applications is not manufactured in the United States in the quantity and quality needed. In fact, this foil¬—which creates the ideal barrier to bacteria, odor, sunlight, and contamination—is essential to protect the domestic food, health, and medical product supply.

Amcor announced it has entered into an agreement to acquire Shanghai-based MDK. MDK generates annual sales of approximately $50 million and is a leading provider of medical device packaging, a key priority growth segment for Amcor. MDK’s coating capabilities, medical paper-based packaging offerings and customer base complement Amcor’s existing portfolio, further enhancing its leading position in the Chinese medical device packaging market. The addition of MDK also strengthens Amcor’s leadership in the broader Asia Pacific medical packaging segment, which now comprises four manufacturing sites serving the China, India and Southeast Asia markets.

Mondi worked closely with Noel Alimentaria to identify the best possible packaging solution for their range of plant-based and meat food. The collaboration resulted in Noel Alimentaria choosing Mondi’s PerFORMing paper-based tray to pack its rebranded range of sliced plant-based food and vegetarian burgers ‘Verday’. Verday is used by Marks and Spencer’s for its ‘Plant Kitchen’ range in the UK and supplied to Nordic markets for ham and charcuterie products. Being formable, the trays can be moulded and adapted to a range of different-sized food products, with high symmetrical stretch for uniform formability, ideal for shallow food trays. PerFORMing offers strong barrier protection against moisture and oxygen, keeping the food fresh throughout the storage and distribution process. The trays consist of 80% paper compared to the industry standard where they are made of 100% plastic, which means the plastic content of the tray has been greatly reduced. The paper tray is designed for recycling and passed the recyclability tests by German institute PTS (Papiertechnische Stiftung, method RH:021/97).

Metsä Board, part of Metsä Group, has started an environmental impact assessment (EIA) procedure for a folding boxboard mill it is planning to build in Kaskinen, Finland. The company submitted an EIA programme to the South Ostrobothnia Centre for Economic Development, Transport and the Environment (ELY Centre) on 22 December 2022 in accordance with the Act on Environmental Impact Assessment Procedure. The programme is open for public comment and opinion from 12.01.2023 to 10.02.2023. The EIA procedure addresses the environmental impacts of Metsä Board’s folding boxboard mill planned on the existing mill site in Kaskinen. The results of the impact assessment will be considered in the project’s ongoing planning and decision-making process. The assessment will provide information to support decision making, increase citizens’ access to information and their opportunities to influence the process.

Colbert Packaging Corporation announced the installation of two new Eterna blanking die cutters. The Eterna Line ECUT 1060 Elite ER is a welcome addition to Colbert’s Kenosha, WI, and Elkhart, IN, production facilities, adding die-cutting capacity to complement recent printing press installations. The precision-tight registration of the Elite ER delivers precise cutting, especially critical to the stringent packaging quality requirements of the pharmaceutical and consumer packaged goods industries. As an added benefit, tooling is compatible with Bobst Group Technology, the recognized standard for packaging equipment.

The ISCC PLUS certification reinforces the Pregis Purpose to ‘Protect, Preserve, Inspyre.’ It is the latest example of the company achieving milestones in support of its sustainability strategy and commitment to providing high-performing products while enabling a circular economy. This third-party certification enables Pregis to produce solutions that are classified as circular, bio-circular, and/or bio-base. Becoming ISCC PLUS certified highlights our commitment to supporting customers in boosting a circular economy. The ISCC PLUS certification includes the mass balance chain of custody option, providing traceability along the supply chain.

Mondi, a global leader in sustainable packaging and paper solutions, has received eight awards in five categories at this year’s WorldStar Global Packaging Awards. The WorldStar Awards recognise the best ideas, innovations and technologies on the market, with a focus on sustainability, product protection and end-user convenience. They are open to entries from packaging companies around the globe. Mondi’s 2023 WorldStar Award winners are: Mono Formable PP, category: food; RetortPouch Recyclable, category: food; EasyTray, category: Fresh fruits and vegetables; NoTamperBox, category: ecommerce; Corrugated-board Wedge, category: transit; TrapezeBox, category: food; Turbocharger, category: transit; Eco Multi Rack, category: other.

De Jong Packaging Group, one of the largest corrugated manufacturers in the Benelux, is now officially part of Stora Enso. This acquisition will advance Stora Enso’s strategic direction, accelerate revenue growth and build market share in renewable packaging in Europe. The acquisition of De Jong Packaging Group will begin a new phase of renewable packaging solutions within Stora Enso. On top of Stora Enso’s existing corrugated facilities, De Jong Packaging Group has 16 sites in total in the Netherlands, Belgium, Germany, and the UK. Most of the sites are corrugated converting and packaging wholesale facilities and they include two corrugators, 16 processing machines and 46 tray erectors. Together they produce 2,5 million boxes a day. De Jong Packaging Group’s core business is corrugated converting where its product portfolio includes corrugated trays, regular slotted boxes (‘American boxes’), specialty folding boxes, corrugated sheets as well as other products like solid board boxes. Services include custom box designs, tray erecting, packaging automation, pre-printing and logistics services.

Stora Enso has completed the acquisition of the Netherland-based company De Jong Packaging Group, one of the largest corrugated packaging producers in the Benelux countries. The acquisition announced in September 2022 with an enterprise value of approximately EUR 1,020 million was closed today following regulatory clearances and employee consultation. The acquisition will significantly strengthen Stora Enso’s presence in European packaging markets and provide an entry into the corrugated packaging market in the Netherlands, Belgium, Germany and the UK. With the acquisition, Stora Enso’s Packaging Solutions division will increase its corrugated packaging capacity by approximately 1,200 million m2 to more than 2,000 million m2, including De Jong Packaging Group’s ongoing expansion projects. De Jong Packaging Group’s full year 2022 sales is estimated at approximately EUR 1 billion. Its product portfolio and geographic presence complement and enhance Stora Enso’s offering, especially in fresh produce, e-commerce and industrial packaging.

Envoy Solutions announced that it has acquired Flowood, Miss.-based Delta Packaging & Supply. The industry-leading packaging distributor offers a wide range of flexible packaging materials, automated packaging equipment, and efficient packaging solutions to a broad range of industries. Delta Packaging & Supply partners with manufacturers to provide its clients with direct pricing on a long list of industrial packaging products, custom poly bags and film, tapes, strapping, machines, and more. For more than 35 years, the company's packaging innovations have provided cost savings for its clients throughout the U.S. The acquisition expands Envoy Solutions' national footprint, particularly in the Southeast where it has established a strong and growing presence in packaging solutions. "Delta Packaging & Supply will be an excellent fit for our differentiated business model of like-minded companies," said Mark M. Fisher, CEO of Envoy Solutions. "Johnie Weems runs a highly valued company with a great team who will help us continue to grow our packaging capabilities. As we build upon our progress in the Southeast, we will continue to enhance efficiency so we can deliver the best solutions to our clients."

Lacerta Group announced that on December 21 it acquired the production facility and other assets of Portage Plastics Corporation and PPC Investments, LLC (together, “Portage Plastics”), a manufacturer of thermoformed packaging products based in Portage, WI. As part of the transaction, Lacerta has hired over 50 Portage Plastics employees. Lacerta is a leading North American provider of innovative and sustainable thermoformed packaging solutions, primarily made from PET. Lacerta offers a comprehensive product portfolio and in-house design capabilities, with a particular focus on customers in the prepared food and fresh produce sectors. Lacerta is a market leader in fully recyclable packaging containing post-consumer resin, which is increasingly gaining importance as its customers seek out more sustainable options to reduce their carbon footprint. “We are excited to acquire a great manufacturing site in Portage Wisconsin and welcome a talented group of dedicated associates to the Lacerta family,” said Peter Lennox, CEO of Lacerta. “This transaction is an important step in Lacerta’s growth story and will allow us to better serve our expanding customer base in the Midwest and Central United States.”

Trioworld Group has signed an agreement to acquire the Canadian based Malpack Ltd. and US based Malpack Corp. (collectively, Malpack), a leading player in solutions for high-performance stretch film in the transit packaging segment. Malpack supports customers in the areas of distribution, beverage, food, consumer goods, e-commerce, and other industrial packaging. Trioworld is very pleased to welcome Malpack to the Trioworld group. As a North American leader in high-performance stretch film, Malpack has grown impressively over the past years. Based on a superior product portfolio consisting of innovative stretch films and a superior service level, Malpack now serves customer from coast to coast in US and Canada. The company is well-invested, and management is focused on strengthening their offering with circular solutions which is in line with Trioworld’s ambition to be the circular leader in the load security and transit packaging market.

The U.S. Environmental Protection Agency (EPA) is likely to publish a final ruling in January 2023, requiring manufacturers (including importers) to report information on PFAS manufactured or imported since Jan. 1, 2011. If the rule is finalized as proposed, manufacturers will have to report use of any materials with PFAS and stop using new products containing intentionally added PFAS. Anticipating these and future legislative limits regarding PFAS, Pregis implemented processes in its high-performance blown film operations to ensure they eliminated PFAS from incoming materials and do not include within the manufacturing process. Pregis Performance Flexibles customers can be confident that our film solutions have no added PFAS, meeting new legislative standards.

Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The cash and debt free consideration value is €370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business while continuing to support its people and customers as well as preserving value for shareholders. The Russian business produces flexible and cartons packaging from one site in St. Petersburg and two sites in Novgorod and employs approximately 900 people. Amcor’s three sites in Russia generated approximately 2% of total Amcor sales in fiscal 2022.

Tetra Laval, the group which comprises Tetra Pak, Sidel and DeLaval is donating power and heat generators to a value of EUR 10 million as humanitarian aid to the people of Ukraine, currently suffering major power shortages as a result of the Russian war on Ukraine. The equipment, including more than 200 generators, will be donated directly and with immediate release to Ukrainian authorities for onward distribution to the areas worst affected by the lack of power in the country. “I am grateful to Tetra Laval for its donation which helps us restore Ukraine’s energy system. Russian missile terror seriously damaged it and left millions of Ukrainians without normal access to power, water, and heating amid freezing winter temperatures. With help of partners and friends, we stand strong. In these circumstances, Tetra Laval demonstrates an example of great social responsibility and solidarity. We will always remember this and kindly encourage other responsible Swedish businesses to follow suit,” says Mr. Dmytro Kuleba, Minister of Foreign Affairs of Ukraine.

As 2022 comes to an end, Georgia-Pacific has launched or completed approximately $1.8 billion in capital improvement projects throughout the company. Projects include new facilities and additions as well as improvements to existing operations. These investments lead to productivity and income opportunities for local contractors who help complete the projects, stimulating each facility location's economy. Diboll Lumber-$7 million - Georgia-Pacific completed a $7 million upgrade that modernized the Diboll lumber mill in Texas and helped increase its overall production. Clarendon OSB-$40 million - Georgia-Pacific also announced a $40 million investment in its oriented strand board (OSB) facility in Alcolu, South Carolina. Muskogee Tissue-$50 million - The company announced plans to upgrade parts of its 640-acre Muskogee, Oklahoma, bath tissue, towel, and napkin manufacturing operations in May. Bradford Corrugated-$34 million - Announced in May, the Bradford, Pennsylvania, corrugated plant will undergo a significant upgrade with an investment topping $34 million for new equipment to modernize the plant's operations. Broadway Paper Mill-$500 million - A $500 million expansion began in July at the company’s Broadway mill in Green Bay, Wisconsin. The investments will significantly enhance the company's retail consumer tissue and towel business.

In very early 2023, Agri-Packing Supply Inc. will open its new facility in southern Arizona, significantly expanding the capacity of its cooling and logistics business. “This new facility will add 200,000 square feet to our existing capacity,” said Sales Executive Jorge Ruiz, adding that the facility is in the Rio Rico Industrial Park in Nogales. “We are very excited to welcome new partners into this facility.” Agri-Packing is a 32 year old company devoted to the fruit and vegetable industry offering packaging and grower supplies mainly for grower-shipper exporters operating from the Pacific West Coast of Mexico. “Our three main lines of products are corrugated boxes, flexible packaging (mainly retail pouch bags), and rigid containers (clamshells and custom labels),” Ruiz said.

Amcor announced the opening of its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost $100 million, the 590,000-square-foot plant is the largest flexible packaging plant by production capacity in China, further strengthening Amcor’s ability to meet growing customer demand throughout Asia Pacific. The new facility is expected to employ more than 550 people, who will produce flexible packaging solutions for food and personal-care products. The plant comes equipped with the first automated packaging production line in China. This, along with high-speed printing presses, laminators, and bag-making machines, can deliver double-digit reductions in manufacturing cycle times.

Mondi plc confirms that it has entered into an agreement to sell its three Russian packaging converting operations to the Gotek Group for a consideration of RUB 1.6 billion (around €24 million at current exchange rate), payable in cash on completion (the ‘Disposal’). The three packaging converting operations comprise a corrugated solutions plant and two consumer flexibles plants, producing a range of packaging solutions for the domestic Russian market. The loss on the Disposal is expected to be in the range of €70-80 million at current exchange rate.

Seven UPM packaging papers are now proven to be industrially compostable, marking another step on UPM Specialty Papers’ sustainability journey. Seven packaging papers have recently been certified as industrially compostable, according to the EN13432 standard: *Barrier papers: UPM PregoTM, UPM AsendoTM *Coated one side papers: UPM FlexPackTM, UPM UniquePackTM, UPM UniquePackTM Strong *Specialty kraft papers: UPM SolideTM Lucent

Pregis® recently added digital printing capabilities at production facilities across North America, offering customers high-impact protection and impactful brand messaging with the Pregis EverTec™ curbside recyclable padded mailer. Due to the substantial growth of ecommerce, the demand for packaging options that are sustainable, durable, cost-effective, and also visually impressive is on the rise. With the added digital printing capability, Pregis customers can create custom-designed mailers with full-color images, multi-colored designs, logos, and brand messages to deliver colorful, eye-catching packages.

Georgia-Pacific’s Brewton Containerboard mill recently announced its plans to invest $160 million to modernize its operations. The project involves upgrades to the facility’s pulp processing systems that will reduce energy and chemicals consumption, other environmental emissions, and allow for more paper production.

With the latest development—Koehler NexPure® OGR—Koehler Paper, a leading provider of papers with a disruptive barrier function for packaging solutions, is adding another sustainable solution to its portfolio for the fast-food market. Consumer demand for sustainable products and packaging has been evident in the fast-food sector for some time now, which is why system catering is also increasingly looking for solutions in this field. Back in October, Koehler launched Koehler NexPure® Wrap, a paper designed for burger packaging with extremely low grammage, onto the fast-food market. Now, with Koehler NexPure® OGR, the company is bringing an oil- and grease-resistant, sustainable paper onto the market, which will be suitable for packaging foods such as fries, sandwiches, wraps, and burritos.

Highcon announced a $8M investment by Sealed Air Corporation in the context of a strategic collaboration between the two companies. The scope of the strategic collaboration includes the following components: *Developing new product offerings, expansion into new segments and enabling manufacturing efficiencies by leveraging Highcon technology *$8M investment in the form of convertible debt and 15% warrants to be converted by the 5th anniversary of the Effective Date at a price of 3.1 NIS per share. *Additional warrants to be granted against possible future purchases up to $20 million of Highcon's products and services over a period of 3 years.

Amcor has announced a five-year deal with ExxonMobil to purchase certified-circular polyethylene material in support of its target to achieve 30% recycled material across its portfolio by 2030. The volume of material will increase incrementally each year, and is expected to reach 100,000 metric tons annually at the end of the five-year period. Made possible by ExxonMobil’s ExxtendTM technology for advanced recycling, Amcor intends to leverage this material across its global portfolio, with a particular focus on the healthcare and food industries, which are required to meet stringent safety requirements for recycled plastic. The agreement expands upon Amcor’s initial purchase of certified-circular polyethylene material from ExxonMobil earlier this year.

Flexible packaging is used by the food and beverage, personal and home care industries as well as pharmaceutical, to protect the countless life-enhancing and life-saving products that we use every day. And demand is increasing rapidly. The world’s population is projected to reach 8.5 billion by 2030 and surpass 9.7 billion by 2050, necessitating a significant increase in food production. Global supply chains will need to adapt to this growth, and flexible packaging will play a critical role in helping to deliver safe and affordable products to consumers, improving accessibility no matter where they are. Flexible packaging protects products that are vital to society. It offers functionality benefits as it is lightweight yet durable, protecting and preserving food efficiently during transportation and storage, extending its shelf life, minimizing food waste, and boosting affordability and accessibility. While flexible packaging has huge benefits during use, everyone across the value chain must equally take action to address its end-of-life.

During the summer, most of the leading shippers announced their annual peak season surcharges and retailers were already braced for expected increases. However, it was recently discussed in an earnings call that FedEx and UPS are additionally increasing their general delivery rates by an average 6.9 percent. New rates will go into effect December 27 for UPS, and on January 3, 2023, for FedEx. Further, USPS also announced a general rate increase which will go into effect on January 22, 2023. Heading into the new year, these news reports might give some operations teams pause; however, it is important to remember that the right packaging strategy is one of the best ways to mitigate the overall impact an increase in shipping charges may have on the bottom line. Most brands can find savings when auditing their existing packaging procedures, especially when working with a provider that is constantly innovating to create value for customers. Are you using the most effective packaging material? Could you free up space or use less material?

WestRock Company announced it has completed the acquisition of the remaining interest in Grupo Gondi for $970 million plus the assumption of debt. The transaction is immediately accretive to earnings, subject to customary purchase price allocations. The acquisition of Grupo Gondi includes four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico that produce sustainable packaging for a wide range of end markets in the region. This acquisition will enhance the Company’s leading position in the growing Latin American containerboard, paperboard and consumer and corrugated packaging markets.

Stora Enso has received regulatory approval from the EU Commission to proceed with the acquisition of De Jong Packaging Group, announced in September 2022. Closure of the transaction is still ongoing and expected to be finalised at the beginning of 2023.

Silgan Holdings Inc. announced that it entered into a new amended and restated stockholders agreement with its co-founders, D. Greg Horrigan and R. Philip Silver, which amends the existing stockholders agreement to remove the contractual right of the co-founders of the Company to nominate for election all Directors of the Company so long as they and their affiliates held a certain amount of shares of Common Stock of the Company. The co-founders of the Company and their affiliates still as of today hold more than such amount of shares of Common Stock of the Company. Under the new amended and restated stockholders agreement, the co-founders, so long as they and their affiliates own at least five percent of the Common Stock of the Company, retain the right to nominate one nominee for election as a Director of the Company, which nominee must be one of the co-founders. As a result of the new amended and restated stockholders agreement which removed the contractual right of the co-founders of the Company to nominate for election all Directors of the Company, the Board of Directors of the Company established a Nominating Committee of the Board of Directors which consists of all of the independent Directors of the Company. The primary responsibility of the new Nominating Committee of the Board of Directors of the Company will be to assist the Board of Directors in identifying qualified candidates as nominees for the Board of Directors of the Company.

Mondi, a global leader in sustainable packaging and paper, recognized in two categories at the Sustainable Packaging News Awards 2022 for the circular economy and the overall category. The Tesco shopping bags, made from EcoVantage paper produced at Mondi’s Štětí mill in the Czech Republic, shows how suppliers can work with retailers to develop circular systems and turn waste back into a valuable resource. Mondi’s EcoVantage paper combines the strength, printability and appearance of a fresh fibre top layer with the sustainability advantages of a recycled fibre inner layer.

Through continued innovation and collaboration with brand owners, Ahlstrom has identified specific technology enabling highly developed base papers – the key to solving the barrier requirements in flexible packaging, while still utilizing the inherent end-of-life benefits that paper has to offer. Ahlstrom has the unique set of capabilities and wide breadth of technical applications to allow them to develop some of the strongest performing base papers available. “Paper substrates can be engineered to exploit the inherent value of cellulose itself,” explained Zack Leimkuehler, Vice President Business Development for Ahlstrom. “Cellulose by itself is a very good barrier, and highly developed base papers can deliver barrier properties.” Paper is an ideal material for flexible packaging applications, and already has a broad field-of-use from good flexibility and folding characteristics to printabilty. Paper is easily sealable and glueable, laminating well to other structures. In addition, paper functions effectively through challenging converting processes.

Huhtamaki, a key global advanced manufacturer of sustainable packaging solutions, today inaugurates its extension to its existing paper-based packaging manufacturing site in Nules, Spain. This latest investment reflects the growing demand from for renewable and recyclable paper-based packaging to substitute rigid plastics. The Nules factory is a Huhtamaki Global Center of Excellence, developing innovative, sustainable packaging solutions for its customers across Europe. The extension of 12 500 m2 and has been built to the globally recognized BREEAM1 sustainability standards. This is in line with Huhtamaki’s 2030 Sustainability Ambitions, including the use of 100% renewable electricity, which is on track with a Virtual Power Purchase Agreement covering approximately 80% of Huhtamaki’s current electricity usage in Europe signed in December 2021. Thanks to the installation of an advanced HVAC (Heating, Ventilation and Air Conditioning) system with air quality, temperature and humidity control, the plant also meets high thermal comfort standards for its employees.

Smurfit Kappa has completed significant investments in its manufacturing plants in Olomouc in the Czech Republic and Obaly Štúrovo in Slovakia respectively. The investments of more than €20 million announced last year further highlight Smurfit Kappa’s expansion and commitment to investing in its Central and Eastern European operations. The two plants received significant upgrades, installing state-of-the-art equipment to expand capacity and address the rise in customer demand for paper-based packaging solutions. The investment sees the installation of new converting equipment which will increase the capacity by over 100 million regular and offset printed boxes per annum.

"We want to be at the forefront of understanding what consumers want when they are shopping online, and what they expect from the packaging protecting their purchases. This research has revealed five macro trends shaping the growing eCommerce packaging market, providing useful insights as we partner with leading retailers to co-create the most sustainable packaging solutions for their needs." Mondi Group eCommerce Director, Nedim Nisic. The five key trends are - Trend #1: Protection of goods and environmental considerations continue to be two of the strongest customer requirements Trend #2: Overpackaging is costing more than expected Trend #3: The unboxing moment matters Trend #4: Consumers are increasingly willing to pay a small premium for packaging that meets their needs Trend #5: The behaviour and trends of Millennials are driving the market

Consumers want products that enable them to lead more eco-friendly lives. This means minimising waste, carbon footprints and reducing the use of plastic. Stora Enso is responding to these needs with renewable packaging innovations, including formed fiber, a renewable and recyclable material that enables molding 3D shapes from wood fibers. “We are finding growth in sustainable and innovative packaging. To stay ahead of the curve, we are investing in next generation fiber molding technologies,” says Anna Jonhed, SVP Formed Fiber at Stora Enso. Recently Stora Enso became a shareholder of PulPac, a Swedish sustainable packaging technology company working to establish Dry Molded Fiber as the next global standard for sustainable packaging, replacing single-use plastics with circular fiber solutions.

Sonoco ThermoSafe and LATAM Cargo, an international cargo airline with headquarters in Santiago de Chile, are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from LATAM Cargo. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

Huhtamaki, a global sustainable packaging solutions provider, started an exclusive partnership with one of the largest coffee brands, Nespresso, in early 2021 to innovate a sustainable home-compostable paper-based coffee capsule. The powerful collaboration, used a lean approach to product and process development, accelerating the time to market in record time. Huhtamaki's proprietary high-precision technology allows wood fibers to be molded into intricate shapes with high-precision tolerances to a fraction of a millimeter. The home compostable paper-based coffee capsule was launched by Nespresso in France yesterday, November 21, 2022. It is a significant development in innovation for the circular economy and a leap forward for consumers around the world. Click read more below for key details.

gKRAFT presents itself as “the” solution that guarantees the reduction of the use of fossil materials, as is the case with most plastics, in favour of renewable and biodegradable forest-based materials – “From Fossil to Forest” – to help build a sustainable future. The Navigator Company’s packaging solution includes three sub-brands targeting specific market needs: FLEX was designed to develop flexible packaging for the food industry, catering and pharmaceutical trade; BAG is intended for retail product packaging already used by major international brands; finally, BOX (focused on paper for corrugated cardboard boxes) is intended for more resistant industrial and retail packaging, namely food retail, where there is a growing need for shelf-ready packaging, particularly in refrigerated environments, with high-quality printing to attract consumers and differentiate brands from the competition, which is critical today. As an innovative paper packaging brand, gKRAFT is pleased to host a webinar that drives the force from Fossil to Forest, enhancing the fundamental role that wood fibres play as a solution towards a more sustainable world. The webinar will take place on November 24th, 2022. From 10h00 to 11h30 am WET | 11h00 – 12h30 am CET. Register at: https://us06web.zoom.us/webinar/register/6916679964834/WN_dbbdQpxgSyCpJSTaSUL8bQ

Solenis, a leading global producer of specialty chemicals, has opened two new international centers of excellence to help drive more sustainable solutions for the consumer paper packaging industry. One center is virtual, allowing customers to participate remotely in lab experiments, while the other center is in a new facility in Mönchengladbach, Germany. Both centers are designed to simulate and test customer processes, treatment programs and paper/paperboard properties to optimize performance, efficiency and costs while focusing on sustainability. Meanwhile, the newly opened Mönchengladbach center includes application and testing equipment such as Rapid-Köthen and dynamic sheet formers, a lotion paper coater, different types of refiners and more. Solenis plans to add a hot air sealing device as well. The center also offers repulping and recycling capabilities in combination with contaminant control assessments for barrier coating performance testing.

Sonoco plans to further expand Sonopost® cornerpost manufacturing in Europe. A new protective packaging production facility is set to open in Bursa, Turkey in November, one year after Sonoco established the first Sonopost® operation in Sochaczew, Poland. “Growing demand for our proprietary Sonopost technology created the need for a second production facility,” said Adam Wood, Vice President and General Manager of Global Paper Products in Europe. “Our protective packaging design team is working hard with our customers who are aligned with us in creating fully sustainable, paper-based packaging that protects and preserves both their product and our planet for generations to come.”

From nutrition facts to washing instructions, packaging can teach you a lot about a product – including information about its disposal. Properly discarding an item and its packaging is a crucial step in the life cycle of a purchase. Whether something is recyclable, compostable, or biodegradable, buyers and brands must be aware of these commonly used terms. There are many phrases to keep track of, so it’s important to understand exactly what’s being communicated. Is biodegradable just another word for compostable? Can compostable items be recycled? Spoiler alert – these words aren’t interchangeable, and each one has a distinct meaning. Familiarizing ourselves with these three terms can help us make more informed purchases as consumers and design smarter packaging for brands and businesses.

Amcor released its 2022 Sustainability Report, detailing continued progress against key sustainability metrics and announcing an enhanced target to achieve 30% recycled content across its portfolio by the end of the decade. The new recycled content target, which is three times its previous target of 10%, comes as Amcor reflects on a landmark year for its efforts on sustainability. In fiscal year 2022, the company committed to net zero emissions by 2050, more than doubled post-consumer recycled material purchased since 2019 and achieved a Gold rating from EcoVadis for its industry-leading sustainability practices, placing Amcor among the top 5% of all companies assessed. The Report highlights how Amcor has advanced on its pledge to make all products recyclable, reusable or compostable by 2025, with 74% of total production by weight already designed to be recycled and the number of innovative solutions with more sustainable properties continually growing.

Metsä Board, part of Metsä Group, has published new detailed roadmaps to help visualise the measures it will take to achieve the ambitious 2030 targets regarding climate change and water use. Roadmaps will be updated at least once a year, both in terms of the actual performance and future investments. Future investments, which are at the planning stage, are also included in the roadmaps. Metsä Board’s targets include that, by the end of 2030, its mills will phase out the use of any fossil fuels and any fossil-based purchased energy meaning that production will no longer generate any fossil-based carbon dioxide emissions.

Fourth Quarter Highlights *Net sales of $3.4 billion *Operating income of $336 million; Operating EBITDA of $539 million, a 9% increase *Earnings per share of $1.85; record adjusted earnings per share of $2.19, an 18% increase. Fiscal Year Highlights: *Record net sales of $14.5 billion, a 10% increase *Operating income of $1.2 billion; Operating EBITDA of $2.1 billion *Cash flow from operations of $1.56 billion; free cash flow of $876 million, +$125 million above guidance

Pratt Industries executive chairman, Anthony Pratt, has pledged to invest $5 billion in U.S. recycling and clean energy infrastructure to create 5000 American manufacturing jobs over the next 10 years. Anthony Pratt made the pledge – his largest ever commitment – to Caroline Kennedy, the U.S. Ambassador to Australia, at a recent black tie event in Sydney. “Pratt Industries is proud to already be the largest Australian employer of Americans – providing 11,000 well-paying, green-collar jobs in more than 70 factories across the nation,” Pratt said.

Tetra Pak announces its collaboration with Fresh Start, a leading food technology incubator that works with a portfolio of start-ups to provide technological solutions to some of the challenges facing the global food systems. As Tetra Pak’s first collaboration with a food processing technology incubator, this initiative will combine the company’s industry expertise with Fresh Start’s innovative approach to drive solutions that will contribute to improving food systems resilience. Its portfolio of solutions includes Bountica, a fermentation-based mechanism that prolongs the shelf life of food and beverage products and Alteco, a device which helps production facilities manage their energy consumption. Fresh Start is based in Israel, one of the world’s major centres of food innovation and investment.

Smurfit Kappa announced it has signed an agreement to acquire Pusa Pack S.L., a bag-in-box packaging plant located in Onda, close to Castellón in the Valencian region. Pusa Pack S.L. specialises in the manufacture of large-capacity flexible bags, sized from 200 to 1500 litres ,which are used for the storage and transport of bulk food, cosmetics, pharmaceutical and other liquid and semi-liquid products. Pusa Pack will be integrated into Smurfit Kappa’s Bag-in-Box operations in Spain. Commenting on the acquisition, Thierry Minaud, CEO of Smurfit Kappa Bag-in-Box, said: “Heavy-duty packaging is evolving towards more environmentally friendly solutions. We increasingly see the trend of companies moving away from plastic or stainless steel intermediate bulk containers (IBC) in favour of much more sustainable corrugated solutions which have a considerably lower carbon footprint.

Media selection can make or break a job in terms of quality, durability, and price. With supply chain challenges, the pressure is on to ensure the best options are ordered ahead and stocked as needed. Print service providers (PSPs) should also be informed and ready to swap out media options when required. Rigid substrates range from plastics to paperboard, acrylics, and aluminum. What is the state of these solutions today and where does sustainability fit in? We answer these questions and more.

Metsä Board, part of Metsä Group, has again won both the Finnish Circular Economy Award and the Finnish Quality Award in the Excellence Finland assessment. Both the Quality Award and the Circular Economy Award are based on an assessment using the international EFQM (European Foundation for Quality Management) model. Juha Ylä-Autio, CEO of Excellence Finland, stated in their recent press release that the Quality Award recognised the best organisation in Finland that had achieved verifiable excellence in implementing its strategy. In its reasoning, the jury states that Metsä Board's processes for defining direction, implementing strategy, monitoring and reporting performance are appropriate and operate effectively. The organisation is consistently working to further strengthen the themes of sustainability and circular economy in its corporate culture. Metsä Board has also succeeded in developing effective forms of collaboration within its ecosystem. This is also reflected in the company's performance, business results and competitiveness.

Zume, the global sustainability solutions company creating molded-fiber substitutes for single-use plastics, has been named one of TIME’s Best Inventions of 2022 for its line of PFAS-free packaging developed in partnership with Solenis, a leading global producer of specialty chemicals. The annual list from TIME features 200 innovative products that are changing the way we live across the sectors of education, health, finance, social good, transportation and more. 300 million tons of plastic waste is produced globally each year. Without a viable alternative, brands are left to continue using plastic or packaging made with harmful chemicals called PFAS which have been linked to health risks including cancer, liver damage, decreased fertility, asthma and thyroid disease.

WestRock Company announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco Products Company for $330 million, subject to customary price adjustments. In addition, the Company has signed a definitive agreement to sell its uncoated recycled paperboard (URB) mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million.

Fourth Quarter Highlights and other notable items: *Record fourth quarter net sales of $5.4 billion increased 6.1% year-over-year *Net income of $345 million increased $21 million year-over-year, or 6.4%. Adjusted Net Income of $366 million increased $34 million year-over-year, growing 10.4%. Full Year 2022 Highlights: *Record full year net sales of $21.3 billion increased 13.4% compared to $18.7 billion in the prior year *Net income of $945 million increased $106 million year-over-year, or 12.7%. Adjusted Net Income of $1.245 billion increased $338 million year-over-year, growing 37.2%

Q3 2022 Highlights *Sales of $1,174 million (compared with $1,119 million in Q2 2022 and $1,030 million in Q3 2021) **As reported (including specific items) *Operating income of $25 million (compared with $32 million in Q2 2022 and $73 million in Q3 2021) *Operating income before depreciation and amortization (OIBD) of $92 million (compared with $95 million in Q2 2022 and $136 million in Q3 2021)

Third Quarter Financial Results Highlights *Earnings before interest, taxes, depreciation and amortization ("EBITDA") from ongoing operations for Aluminum Extrusions of $12.1 million was consistent compared the third quarter of 2021 *EBITDA from ongoing operations for PE Films of $0.4 million was $4.4 million lower than the third quarter of 2021 *EBITDA from ongoing operations for Flexible Packaging Films of $7.8 million was $0.4 million higher than the third quarter of 2021

Smurfit Kappa has created an innovative and sustainable packaging solution specifically tailored for wine, to help businesses in the sector capitalise on the continued growth in eCommerce wine sales. The new solution holds Amazon’s ‘Frustration-Free Packaging’ (FFP) certification, which is a world first for a generic packaging solution that caters for different case counts and wine bottle types. The eCommerce wine sector has seen a significant increase in sales since the beginning of the pandemic in 2020. Shopping for wine online has been hailed as the next big consumer trend with market research company Euromonitor reporting a 52% increase in online wine sales between 2019 and 2021.

We’re excited to announce the expansion of our air filtration packaging program with the addition of our new 77,000-square-foot facility in Tabor City, North Carolina! The air filtration industry is experiencing record demand… we’re here to help it with custom die-cutting, folding, gluing, and printing capabilities. Atlantic can produce nearly any design you need for your filter frames, whether that involves standard tooling or complex die cuts. Over the last 25 years, we have developed what we believe to be the premier program of products to supply the air filtration industry.

Greif, Inc. announced it has entered into a definitive agreement to acquire Lee Container Corporation, Inc. (“Lee Container” or “Lee”), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300 million before taking into consideration tax benefits with an estimated net present value of approximately $30 million. The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year, subject to customary closing conditions, including regulatory clearances. Lee Container is a leader in North American blow molded jerrycan production, primarily serving growth-oriented customers in the agrochemical, other specialty chemicals, oil & lubricant, and pet care segments. Lee Container operates three strategically positioned manufacturing facilities in Homerville, GA, Centerville, IA, and Nacogdoches, TX, with over 500 employees throughout the U.S. For the trailing twelve months ended September 30, 2022, Lee generated sales of $162 million and adjusted EBITDA of $33 million. Additionally, as part of the acquisition, Greif expects to realize approximately $6 million in synergies within the first two years of ownership.

ePac Flexible Packaging announced the launch of ePacONE (One Network Everywhere), creating the world’s first and largest integrated network of packaging plants across the globe. ePacONE was developed by ePac to serve all brands, large and small, regardless of run-length. With ePacONE, ePac is committed to continue to innovate in the flexible packaging space by extending its unique value proposition to all brands. Customers of any size will now benefit from ePac’s industry leading Just-In-Time manufacturing capabilities across the globe, short lead time (5-15 business days once artwork is approved) and other engagement solutions (such as ePacConnect) at competitive prices whatever the order size. ePacONE is a one-of-kind proprietary cloud-based manufacturing platform which enables all ePac locations to be connected and managed as a single manufacturing plant. With ONE, jobs are automatically produced at the optimum locations based on proximity to customer, size, plant capabilities, and capacity. ONE also enables ePac to split jobs and produce them simultaneously in multiple locations.

Third Quarter 2022 Financial Highlights: *Net Revenues of $1,609 million for the third quarter of 2022 were down 2% compared to $1,640 million in the second quarter of 2022 with 3% attributed to volume decline, partially offset by 2% growth due to price/mix. Net revenues were up 15% compared to $1,394 million in the third quarter of 2021 with attributions of 17% growth due to price/mix and 8% growth due to acquisitions, partially offset by 8% volume decline and 2% decline due to dispositions. *Net Income from continuing operations was $175 million for the third quarter of 2022 compared to $74 million in the second quarter of 2022 and $2 million in the third quarter of 2021.

Amcor has announced its investment of US$3 million in PulPac, a Swedish company providing disruptive manufacturing technology for low-cost, high-performance fiber-based packaging. Amcor is one of several strategic investors in a cross-industry alliance aimed at driving the deployment of PulPac’s technology globally. PulPac is a pioneering, innovation-led company focused on developing its dry-molded fiber technology for use as a viable, sustainable option for the packaging industry. This solution uses raw materials readily found globally, manufactured using an innovative process that requires significantly less resources, which reduces CO2 emissions by 80%, compared to existing processes. This cross-industry investment will support PulPac’s global commercialization ambitions, enabling the company to deploy its solutions across markets and provide the potential for applications in Amcor’s own product ranges.

Fazer is launching a chocolate Christmas calendar made from lightweight and recyclable dispersion coated paperboard from Metsä Board, part of Metsä Group. The choice of material will reduce plastic use by 1,200 kg per year compared to the PE coated board used previously and will also improve recycling of the calendar. The wood fibre used in Fazer's Christmas calendar can be fully recycled. The lightweight paperboard used in the calendar supports the circular economy and reduces waste. Thanks to the lightweight and resource-efficient design, the carbon footprint of the calendar carton is also one quarter lower than the previous one. "Climate change mitigation and the circular economy are important themes for Fazer." says Piia Soininen-Tengvall, Packaging Development Director at Fazer. "Chocolate calendars need a layer to protect the chocolate, which is usually plastic. This year we are replacing the PE coated material with recyclable Metsä Board paperboard."

Mondi has been appointed as the exclusive packaging provider for one of Europe’s largest fashion enterprises. Following a product trial earlier this year, Mondi will support MODIVO in switching from the standard rigid packaging currently used in the distribution of the e-retailer’s full collection of shoes, bags and clothes. Explaining the move, Łukasz Boguszewski from MODIVO company says: “Mondi was able to improve our packaging considerably and support us in reaching our sustainability goals. The Mondi portfolio offers solutions that are fit for purpose, using less space and material, while still protecting the goods on their way to our customers. Not only is this shift more environmentally friendly and cost-effective for our business, but it also reflects our commitment to meeting our customers’ expectations and consistently improving their experience.”

Third Quarter 2022 Highlights *Third-quarter results exceeded the high end of guidance *Announced the Skjern Paper acquisition to expand production capacity in Europe *Launched state-of-the-art uncoated recycled paperboard (URB) #10 machine in the Hartsville Mill Complex *Released updated Corporate Responsibility Report highlighting commitments to ESG initiatives *Continued progress on strategic priorities which are expected to benefit financial results in 2023 and beyond

*Net sales for the third quarter of $466 million, up 25 percent from prior year quarter *Income from continuing operations for the third quarter of $18 million *Higher prices across all segments partially offset by inflation on key input costs

*Net sales of $1.4 billion, flat as reported; up 5% constant currency *Net earnings of $133 million, up 23% *Earnings per share (Diluted) of $0.91, up 28% *Cash flow from operations (year to date) of $321 million, down 15% *Accelerating growth investments - CapEx of $184 million, up 19%, in 2022

SEE announced that it has signed a definitive agreement to acquire Liquibox, a pioneer, innovator and manufacturer of Bag-in-Box sustainable Fluids & Liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition is highly complementary to Cryovac Fluids & Liquids business, the fastest growing area for SEE. Fluids & Liquids flexible packaging solutions are a $7 Billion addressable potential revenue opportunity with an attractive projected annual growth rate of approximately 6%.

We’re pleased to announce the opening of our new 34,000 square foot facility in Henderson, Nevada, which will further support our growing West Coast customer base as well as the continued adoption of sustainable packaging alternatives. Located just outside of Las Vegas, the facility serves as a new shipping point for Atlantic Packaging customers in addition to operating as a showroom and shipping hub for A New Earth Project, a coalition powered by Atlantic Packaging comprised of outdoor enthusiasts, brands, and packaging suppliers leading a global effort to create, scale, and advocate for sustainable packaging solutions.

Greif’s Paper Packaging and Services (PPS) business has announced two significant investments in its recycling operations to support its growth strategy in sustainable paper packaging solutions. A new 81,000-square-foot paper recycling facility for collecting, processing, and baling has opened in Florence, Kentucky, bringing Greif’s total number of recycling facilities across North America to 19. In addition, Greif has more than doubled the size of its paper fiber recycling plant in Nashville, Tennessee, to enhance efficiency and support accelerated growth. The expanded facility covers a floor space of 72,000 square feet. Both plants are located in areas where demand for a collection of waste fiber and the supply of recycled paper and board is experiencing continued growth.

Winners of the 2022 awards, which cover achievements in 2021, are as follows: The Environmental Sustainability Award recognizes excellence in environmental protection by minimizing the impact of the Company's operations, reducing material consumption or improving recycling or reuse. Our Chihuahua, Mexico beverage glass plant received this award for saving over 15.5 million gallons of water and improving the quality of the facility's wastewater. The Dahej, India plant in Crown's Transit Packaging Division received the Sustainability Award for Safety for its comprehensive approach to workplace safety and extensive track record of incident-free days – which currently stands at 2,342, or approximately six-and-a-half years. Crown's Conroe, Texas beverage can plant received the Social Sustainability Award, which recognizes activities that significantly impact the well-being of the workforce and/or the local community. The team has demonstrated a steadfast commitment to their community by participating in mentorship programs, food drives, job fairs and many other volunteer opportunities.

The Board of Directors of Metsä Board Corporation has decided to launch a share buyback of company’s own shares. The number of shares to be acquired based on the authorisation shall not exceed 1,000,000 B shares, which corresponds to approximately 0.3% of all the shares in the company. The shares will be acquired for use as part of the company's share-based incentive system and to prepare for the remuneration of the Board. The aggregate amount to be used for the acquisition of own shares shall not exceed EUR 11,000,000. The shares are acquired in one or more lots in trading organised by NASDAQ Helsinki Oy on the regulated market at the market price valid at the time of acquisition. The shares shall be acquired and paid for in accordance with the rules of NASDAQ Helsinki Oy and Euroclear Finland Oy.

Third Quarter 2022 Highlights *Third quarter net earnings (loss) attributable to International Paper of $951 million ($2.64 per diluted share) compared with $511 million ($1.38 per diluted share) in the second quarter of 2022 and $864 million ($2.20 per diluted share) in the third quarter of 2021. Third quarter 2022 net earnings include a net after-tax benefit of $563 million ($1.56 per diluted share) related to the settlement of the previously announced timber monetization restructuring tax matter. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *10% year-over-year revenue growth based on strong price realization *$70 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $175 million *Cash provided by operations of $435 million, bringing year-to-date to $1.4 billion *Returned $434 million to shareholders through share repurchases of $269 million and dividends of $165 million, bringing year-to-date to $1.6 billion

January–September 2022 (compared to 1–9/2021) *Sales were EUR 1,879.7 million (1,565.6). *The comparable operating result was EUR 420.0 million (295.3), or 22.3% of sales (18.9). Operating result was EUR 436.8 million (285.0). *Comparable earnings per share were EUR 0.90 (0.65), and earnings per share were EUR 0.94 (0.63). *Comparable return on capital employed was 23.0% (19.4). *Net cash flow from operations was EUR 161.7 million (209.8). July–September 2022 (compared to 7–9/2021) *Sales were EUR 647.3 million (516.1). *The comparable operating result was EUR 152.5 million (104.0), or 23.6% (20.1) of sales. Operating result was EUR 153.4 million (99.4). *Comparable earnings per share were EUR 0.33 (0.23), and earnings per share were EUR 0.33 (0.22). *Comparable return on capital employed was 24.7% (19.1). *Net cash flow from operations was EUR 66.4 million (59.1).

The demand for more sustainable alternatives has driven the development of technologies designed for paper recycling programs in consumable products and packaging. Tough, affordable, recyclable and a viable alternative to single-use plastic packaging, paper e-commerce mailers like the ecoMLR are a more sustainable way to send small goods. The pros of using a paper e-commerce mailer such as the ecoMLR: *Cost savings – Lightweight to reduce postal and shipping costs *Waste reduction – More efficient with less free space & waste than cartons *Safe and Secure – Water-resistant with a secure opening *Easy to use – Self-seal is fast and simple to use and forms a water-resistant secure package *Easy to recycle – Recycle with your household paper waste *Easy on the environment – Kraft paper is made from 70% recycled paper *Premium quality – Kraft provides an ideal surface for showcasing your brand *Local Manufacture – Produced in Leeds supports British manufacturing *Advertising opportunities – Batch printing with your brand or third party offers to drive additional sales and revenue streams *Reusable – Single or multi-use designs

Inteplast Engineered Films (IEF) has invested heavily in expanding its InteGreen™ family of sustainable films. Updates include new mailer bag films made with up to 80% recycled content and low- and ultra-low seal initiation temperature (SIT) films. Mailer bags have increased the conveniences of shipping and deliver for both merchants and consumers by offering weather-resistant packaging for everything from jewelry to books. The SIT films are significant sustainable alternatives for companies who integrate recyclable materials in their stand-up pouches. For example, pouches containing microwavable rice, pet treats, or granola can be made more efficiently without sacrificing the quality of the special film that keep its contents fresh. It’s a win for manufacturers and end users.

Mondi has helped Reckitt on its sustainability journey by designing new paper-based packaging for the company’s market-leading Finish dishwasher tablets. Packaging for dishwasher tablets must be sealable, durable and water resistant, so using paper has traditionally been challenging. However, by working closely together along Mondi’s EcoSolutions approach, Mondi and Reckitt were able to create a solution that is sustainable by design: the new Finish packaging has successfully replaced 75% of the plastic with responsibly sourced paper. The remaining plastic is used to strengthen the paper structure and provide barrier protection to ensure the quality and safety of the Finish product as well as a re-closable seal. The new paper-based packaging for Finish will initially launch exclusively with Carrefour in France, where the packaging is recyclable in the existing paper recycling streams.

Silgan Holdings Inc. reported record third quarter net sales of $1.97 billion, a 19.3 percent increase over prior year third quarter net sales of $1.65 billion, and record third quarter 2022 net income of $138.7 million, or $1.25 per diluted share, as compared to third quarter 2021 net income of $106.3 million, or $0.96 per diluted share. “The Silgan team continued to deliver new all-time record adjusted EPS in both the third quarter and year-to-date periods, with a 25 percent increase as compared to the prior year quarter and an over 20 percent increase for the year-to-date period,” said Adam Greenlee, President and CEO.

Q3 2022 Highlights *Net Sales were $2,451 million versus $1,782 million in the prior year quarter. *Net Organic Sales increased 5% in the quarter and 4% year-to-date driven by global demand for sustainable, innovative fiber-based consumer packaging solutions. *Net Income was $193 million versus $73 million in the prior year quarter. *Global liquidity was $1.4 billion at quarter end. *Repurchased $15 million of common stock during the quarter; returned $38 million in total to stockholders in share repurchases and dividends. *In October, published 2021 environmental, social and governance (ESG) report reaffirming organization-wide focus on continuous improvement and highlighting the milestones achieved during the year advancing the Company's Vision 2025 ESG goals.

Packaging Corporation of America reported third quarter 2022 net income of $262 million, or $2.80 per share, and net income of $266 million, or $2.83 per share, excluding special items. Third quarter net sales were $2.1 billion in 2022 and $2.0 billion in 2021. Reported earnings in the third quarter of 2022 include special items primarily for certain costs at the Jackson, AL mill for paper-to-containerboard conversion related activities. Excluding special items, the $.14 per share increase in third quarter 2022 earnings compared to the third quarter of 2021 was driven primarily by higher prices and mix in our Packaging $1.60 and Paper $.23 segments, lower interest expense $.04, a lower share count resulting from share repurchases $.04, and a lower tax rate $.02. These items were partially offset by higher operating costs ($.77), lower volume in our Packaging ($.52) and Paper ($.05) segments, higher freight and logistics expenses ($.20), higher scheduled outage expenses ($.10), higher depreciation expense ($.07), higher converting costs ($.04), and other expenses ($.04).

Net sales in the third quarter were $3,259 million compared to $2,920 million in the third quarter of 2021 reflecting increased beverage can unit volumes and the pass through of higher raw material costs partially offset by unfavorable foreign currency translation of $127 million. Income from operations was $297 million in the third quarter compared to $348 million in the third quarter of 2021. Segment income in the third quarter of 2022 was $336 million compared to $379 million in the prior year third quarter reflecting higher energy prices, costs associated with higher inventory levels and unfavorable foreign currency translation of $8 million.

Taking a quantum leap forward in reducing weight in packaging, Amcor Rigid Packaging has developed a revolutionary two-step, lightweighting technology that eliminates more than 50% of the material and weight in the finish of the bottle. A leader in developing technology that produces more sustainable packaging options, ARP’s new Quantum™ technology for polyethylene terephthalate (PET) bottles delivers sustainability benefits, lowers cost, and improves packaging appearance. By removing more than 50% of the material and weight from the finish, the new Quantum™ technology reduces manufacturing costs and GHG emissions, resulting in energy savings and lower carbon emissions compared to bottles with a traditional finish. Quantum™ technology also allows for up to 100% recycled material use and provides a superior consumer experience with a more sustainable, fully recyclable package.

Packaging is essential to our capacity to deliver wholesome, premium food and beverages to people all over the world, but we are convinced that this cannot be done at the expense of the environment. The typical packaging system in use today is unsustainable since it is still essentially linear: raw materials are used to create packaging for products, which is then discarded once the products have been used. Important problems are being caused by this approach, especially when it comes to plastics. At Stora Enso, we are inspired by the mission "Do good for people and the world," which is why we seek to collaborate with businesses that share our values. And we couldn't be more pleased to collaborate with Dizzie in the United Kingdom, a truly inspiring circular solution for home delivery of dry food products. Customers can buy necessities without packaging waste by utilizing the same reusable pots produced in Biocomposites by Stora Enso, which helps cut 114 billion pieces of plastic from shop shelves in the UK alone each year. So, how does it work? Products are packed in waste-free packaging that is delivered to the consumers’ doorstep with carbon-neutral delivery. When they run out of product, Dizzie will collect the pots, wash them, and fill them again & again & again…

Stora Enso has decided to invest approximately EUR 1 billion to convert the remaining idle paper machine at the Group’s Oulu site in Finland into a high-volume consumer board production line. The investment supports the Group’s growth strategy in renewable packaging by providing new volume for growing packaging segments. Production on the converted machine is estimated to start in early 2025. Following the first machine conversion at the Oulu site in 2021 from paper to kraftliner, the remaining idle paper line will be converted into a state-of-the-art highly flexible consumer board line for folding box board (FBB) and coated unbleached kraft (CUK). The total annual capacity will be 750,000 tonnes of consumer board. The target end-use segments are food and beverage packaging, especially frozen and chilled, and dry and fast food, mainly in Europe and North America.

Q1-Q3 2022 in brief • Net sales increased 31% to EUR 3,375 million (EUR 2,575 million) • Comparable net sales growth at Group level was 18 % and 19% in emerging markets • The impact of currency movements on the Group’s net sales was EUR 186 million and EUR 16 million on EBIT • Capital expenditure was EUR 185 million (EUR 147 million) • Free cash flow was EUR -60 million (EUR 28 million)

PPC Flexible Packaging LLC announces the acquisition of Kansas City, KS-based Plastic Packaging Technologies, LLC (PPT). PPC, headquartered in Buffalo Grove, IL, is a leader in printing and converting of flexible films, pouches, and other innovative packaging designs, including prototypes. It is a recognized pioneer in cleanroom packaging for healthcare and medical applications, consumer snack and organic brands, specialty produce, pet, nutraceutical, bakery and horticulture markets. With the addition of PPT, the firm now operates thirteen manufacturing facilities in Buffalo Grove, IL, Mission and Kansas City, KS, Rome, GA, Payson, UT, Pewaukee, WI, Colombia, South America, McKinney, TX, Columbus and Alliance, OH, North Salt Lake, UT, and Hartland, WI. Its facilities are AIB, SQF level II and ISO-9001 certified. Founded in 2017 with its first acquisition, PPC provides the highest quality products with best-in-class lead times to service both emerging and recognized brands.

Intertape Polymer Group Inc. in collaboration with IMA, world leader in the design and manufacture of automatic machines, introduce the “Pack Station of the Future” at Pack Expo International 2022 in Chicago, IL on the 23rd of October, South Hall Booth S-2814. “Over the next decade, in all geographic regions, e-commerce sales continue to grow as a percentage of overall retail sales. Advanced packaging automation will be necessary to help e-tailers improve both throughput and their cost position as labor markets remain tight,” states Zach Kissel, VP Global E-Fulfillment with IPG. “The introduction of the E-CO Flex1 would allow for multiple pack stations to be combined into one without losing throughput and utilizing much less real estate than the multiple pack station model being used today.”

Mondi has announced the approval of a €400 million investment in a new paper machine at its flagship Štětí mill in the Czech Republic. The investment forms part of the Group’s €1 billion expansionary capital investment programme to accelerate growth in sustainable packaging and will further strengthen Mondi’s leading position in the market. The investment will help Mondi to meet the growing demand for paper-based flexible packaging, underpinned by growth in eCommerce and sustainable packaging, and will contribute to increasing Mondi’s range of innovative, sustainable packaging and paper solutions. The new machine will produce around 210,000 tonnes per annum of sack kraft paper supporting Mondi’s Paper Bags business thanks to the benefits of a vertically integrated value chain. It will also allow Mondi to optimise production across the remaining kraft paper portfolio and strengthen its leading position in speciality kraft paper across a broad range of applications such as functional barrier papers.

ePac Flexible Packaging, the industry leader in quick turn, short and medium run-length flexible packaging, is expanding its offering to include long run orders for brands of all sizes, while continuing to serve its SMB core customer base. The point at which the run length of a job makes it more cost effective to use conventional vs. digital printing is known as the crossover point. This, and factors such as lead times, plates, freight, and inventory obsolescence costs combine to determine when a job is best run digitally. Increasing this crossover point is where the company has been focused. ePac has been steadily building its infrastructure to increase the run length of jobs that are cost effectively produced on its fleet of over 50 HP Indigo digital presses located across the globe.

Governor Laura Kelly joined officials from Pratt Industries as they opened their new state-of-the-art advanced manufacturing corrugated box plant in Park City. The plant represents a $200 million investment that will create 58 new high-paying, quality jobs in Sedgwick County over the next five years. The almost 1 million-square-foot Park City facility will accommodate increased production capacity, employ 300 full-time “green collar” manufacturing jobs, and increase its presence in the greater Wichita area. The company will continue its recycling operations at the existing Wichita facility and use the new plant for manufacturing operations.

Halloween is just around the corner, marking for many in the United States the start of a busy holiday season. And the one holiday on every retailer's mind is, of course, Christmas. Christmas spending is an annual opportunity to increase sales and create new customers for your business. As we know, custom packaging is an effective way to achieve brand-loyal customers during this key time period. Custom holiday packaging require businesses to plan ahead during the first half of the year. It’s been a busy year for everyone in retail and, now that fall is already here, ordering custom packaging for the upcoming season might not be possible due to the reality of lead times. Think that means it’s too late to incorporate special holiday packaging for the 2022 season? Think again. Seaman Paper has your business covered with 12 in-stock and ready-to-ship holiday tissue paper designs.

How2Recycle has been the gold standard of on-product labeling for recyclability since 2008. Sonoco Alloyd has been pre-qualified to carry the How2Recycle label on the EnviroSense® PaperBlister™ package. The PaperBlister has been embraced by manufacturers, customers and consumers since its debut in 2019. The product has won multiple awards in recent years for smart design and innovative, sustainable features. The How2Recycle pre-qualification is the latest sustainable achievement for the PaperBlister™ and will allow Sonoco to continue helping brands meet their sustainability goals and expand on products’ curbside recyclability. The PaperBlister package is all paper, plastic-free, made entirely from renewable resources and can be fully recycled into the paper stream unlike traditional plastic blisters. How2Recycle labels help customers and consumers understand the difference in lookalike packaging, as well as what can be recycled, and how.

Amcor released its first Task Force on Climate-Related Financial Disclosure (TCFD) report, which includes the results of Amcor’s climate scenario analysis exercise, along with information about the company’s climate governance structure, risk management approach and performance metrics. As a leader in sustainability, the report marks another milestone for the organization, ensuring continued transparency of its climate-related business risks as well as providing a roadmap on how to best integrate climate risk management opportunities within its operational strategy. Michael Casamento, Chief Financial Officer at Amcor, said, “The report represents the latest example of how Amcor has integrated climate-related considerations into its growth strategy and risk management framework. Adding TCFD standards to our sustainability-related reporting that already adheres to the Global Reporting Initiative (GRI), as well as leading the packaging industry by reporting against SASB standards, helps us continue to lead with transparent, forward-thinking environmental stewardship.”

Aptar Food + Beverage, a global leader in dispensing solutions for more than 50 years, proudly announces Slide, a new approach that is set to revolutionize the dispensing closure market. This new offering is unique, because it does not require the application of a foil liner for shelf-stable food products, which is the market norm today. “We conducted multiple consumer studies while developing this solution, and in almost every case, we heard that removing the liner is a point of frustration today,” states Matt Schalewski, Senior Global Business Development Manager at Aptar. “Slide enables consumers to access their product with one opening gesture, delivering a convenient and memorable packaging experience while still protecting product shelf life and reducing the potential for product tampering.”

Smurfit Kappa, world leader in paper-based packaging, is investing almost USD100 million in a sustainable biomass boiler which will reduce its global Scope 1 and Scope 2 CO2 emissions by approximately 6%. The ambitious project is the latest example of the circularity that permeates every aspect of the company’s operations. Smurfit Kappa has successfully implemented biomass boilers at several other locations including the Nervion, Piteå and Sangüesa paper mills in Europe.

Sonoco ThermoSafe one of the largest global providers of temperature assurance cold chain packaging, is expanding its Orion Rental packaging program in Europe, adding an additional reclamation service station in Brussels. The new Orion reclamation station is at CEVA Logistics in Brussels, chosen as an ideal location for its proximity to existing biopharma customers, prospects, and other western European countries. CEVA Logistics is a well-established logistics partner to 500+ healthcare and life science companies, fully compliant to GxP and ISO standards. The BRU Orion Rental Station will perform full reclamation, cleaning, and refurbishment processes necessary to return Orion boxes back into circulation in ‘like new’ quality condition, suitable for healthcare products.

Sonoco announced that the new uncoated recycled paperboard (URB) #10 machine is operational as part of its previously announced Project Horizon—the $125 million investment to transform its former corrugated medium machine in Hartsville, S.C to a state-of-the-art URB operation. Project Horizon was initiated, in part, to ensure the long-term viability and sustainability of Sonoco’s 100-year-old Hartsville Mill Complex, at which the Company produces almost one-third of its U.S. and Canadian URB. The introduction of the new operation is projected to drive $30 million in annual cost savings by 2024 and will ensure the mill remains globally competitive. This launch also marks Sonoco’s move to 100% recycled fibers in the Hartsville Mill Complex, which eliminated the manufacturing complex’s virgin pulp processing and chemical recovery operation.

Pregis® recently introduced the Performance Flexibles Renew™ Series as the company continues to innovate and expand its sustainable offerings. Pregis has offered a wide range of Renew solutions for the inside-the-box packaging category, and this brand of solutions represents the most sustainable option within resin-based packaging alternatives as the brand continues to expand across product lines. The newest addition to the Pregis Renew Series is designed specifically for critical flexible packaging applications, including food, pharmaceutical, medical, and household consumer goods, incorporating innovative materials and recycled content that is custom engineered to the client’s specification. Engineered with a focus on three critical components of sustainability – recyclable, recycled content, and renewable – the Renew Series meets the growing demand for flexible packaging products that enable a circular economy.

WestRock Company announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation. WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets, and the corrugated medium machinery at the St. Paul location would require significant capital investment to maintain and improve going forward. The shutdown of these assets will result in the reduction of 200,000 tons of annual corrugated medium production. “Shutting down operations and impacting the lives of our employees is a difficult decision to make,” said David B. Sewell, chief executive officer at WestRock. “As we implement our plans to close the corrugated medium operations in St. Paul, we are incredibly appreciative for the many contributions this team has made. We plan to assist these team members in exploring roles at other WestRock locations and with outplacement services.”

At Pratt Industries, we take a holistic approach with our customers to look beyond basic packaging needs to develop vertically integrated, sustainable solutions to help protect, transport and drive sales for our customers’ products. To do this, we employ an extensive network of highly skilled experts who apply the knowledge they’ve gained from various industries to utilize best practices, reduce operational costs and improve efficiencies. Below are a few examples of how Pratt was able to assist our customers in creating beyond the box solutions for their organizations. Partnering with our Value Improvement Program (VIP) team, a customer was able to reduce costs across its operations, including material, pallets, warehouse and freight. Pratt experts partnered with the customer to evaluate packaging, shipping and storage requirements for nearly 200 items. The Pratt team then performed tests to understand how changing containerboard grades, packaging dimensions and pallet configuration affected the items and overall supply chain costs. Based on these studies, Pratt recommended using less corrugated material more efficiently and optimizing the balance of case stacking on pallets. The result was more cases per pallet layer and a reduction in truckloads to create substantial savings in material, warehousing and freight.

Pregis®, a leading global manufacturer of flexible packaging and protective packaging solutions, today announced it is expanding its senior leadership roles, with Kevin Baudhuin adding the title of chairman in addition to his chief executive officer role, and Laurin Darnell promoted to chief operating officer. These leadership changes will allow Pregis to continue driving long-term growth while maintaining continuity as it builds upon recent successes. Baudhuin will intensify his focus on strategic growth, M&A, and advancing the company’s ESG efforts. Darnell assumes responsibility for day-to-day business operations, leading the company’s global operations and maintaining its growth trajectory to double in size in the next few years.

Smurfit Kappa has won 21 awards for its forward-thinking and innovative packaging solutions at this year’s Flexographic Industry Association (FIA) UK awards. Since 2013, Smurfit Kappa has received over 130 FIA awards, consolidating its industry-leading position in the packaging industry. Smurfit Kappa’s sustainable packaging solutions received three gold, seven silver, seven bronze and three Highly Commended awards. Their Markham Vale site’s DRO - Operator Vince Ward also took home the highly coveted Student of the Year award, and the site themselves won the Silver award for the Best in Show category.

The latest consumer poll results by Every Can Counts (ECC) highlight that a truly sustainable future will require close collaboration between governments and beverage brands. The Recycling Habits and Attitude in Europe 2022 survey explores current recycling habits, identifies barriers and motivations to increase recycling, assesses knowledge around the recycling of aluminum beverage cans and uncovers messages that connect with European consumers. The message is clear: Recycling in Europe is not living up to its potential. Consumers need help from governments, brands, retailers and the packaging industry to do better. The top three initiatives consumers would like to see implemented to increase recycling rates are: using only 100% recyclable packaging (53%); more recycling in public areas (52%); and a deposit return program (50%).

Huhtamaki launches ICON® packaging, a breakthrough paper technology, initially for use for ice cream containers and lids, which enables recycling in communities with paper product recycling programs across the United States. This is a significant breakthrough in delivering a sustainable solution for consumers which combines Huhtamaki’s proprietary water-based barrier coating with SFI-certified paperboard and results in the entire package being made with 95% renewable biobased material. This enables the ice cream containers and lids to be recycled along with other paper products such as folded carton packaging. “Our paper-based technology and barrier solutions are the key differentiators in ICON® ice cream packaging. The technology allows ice cream packaging to enter the existing North American recycling stream more easily. At Huhtamaki we are driven by innovation and operational excellence, designing for circularity and developing next generation innovation. ICON® packaging has been developed by Huhtamaki’s Technology and Development (T&D) and operational team as an alternative packaging solution for ice cream. Our teams use their expertise in barrier functionality, paper forming and printing to drive differentiation and deliver game-changing sustainable food packaging to our customers,” explains Ann O’Hara, President of Huhtamaki North America.

Carlisle Container Company, a corrugated packaging converter founded in 1965, will significantly decrease turnaround times and boost efficiency with the acquisition of an EFI™ Nozomi 14000 LED single-pass inkjet corrugated packaging press from Electronics For Imaging, Inc. The business will install the new press in a facility adjacent to its main plant scheduled to open in early 2023. The Nozomi 14000 LED press is an important next step toward growth for a packaging company that has long appreciated the impact digital can have. “We implemented digital printing in the early days, acquiring our first VUTEk® printer in 2004,” said Carlisle Container CEO Diane Wolf. “Back then, we could print eight to ten 4x8-foot sheets per hour, and over time we updated technology to continue increasing throughput and quality. The Nozomi was the next logical move for us, and it will be a game changer.”

Mondi, a global leader in packaging and paper, has developed a recyclable high-barrier packaging solution for Norwegian pet food manufacturer Felleskjøpet, that keeps material in circulation and avoids waste. Felleskjøpet is using Mondi’s FlexiBag Recyclable, a pre-made mono-material polyethylene (PE) bag, for the relaunch of its Appetitt range of dry cat and dog foods. It will replace the previous unrecyclable multi-layer solution, delivering packaging that is designed for recycling, according to CEFLEX D4ACE guidelines, and is recyclable in existing Norwegian plastic recycling streams. Mondi’s FlexiBag Recyclable provides excellent product protection and preserves the premium pet food, thanks to its high barrier material. A slider enables easy opening and closing for the bigger bags to ensure long-lasting freshness, while a handle allows for convenient transportation. FlexiBag Recyclable has excellent print qualities that guarantee good visibility on-shelf and can communicate all product and recycling information clearly.

The Mayr-Melnhof Group has successfully completed the acquisition of Essentra Packaging, which was agreed in June 2022, following the approval of all relevant competition authorities. The transaction includes 100% interest in ESNT Packaging & Securing Solutions Limited (UK) and 100% interest in Essentra Packaging US Inc (US) and its affiliated companies. With this acquisition, MM Packaging is expanding its range of folding boxes, package inserts and labels for the resilient and profitable healthcare & pharmaceutical market, creating an attractive platform for further growth. Essentra Packaging comprises 21 manufacturing sites in 10 countries across Europe, the US mainland and Puerto Rico, ideally complementing MM Packaging's current position in pharmaceutical packaging in Scandinavia and France. Essentra Packaging employs around 3,500 people and reported sales of around £370m (currently around EUR 410m) for 2021.

Further to an announcement made in July 2022, Mondi confirms that all conditions have been satisfied and the merger of Mondi Tire Kutsan Kağıt ve Ambalaj Sanayi a.ş. and Mondi Olmuksan Kağıt ve Ambalaj Sanayi Anonim Şirketi will come into effect from 30 September 2022. Mondi currently holds 84.65% of the shares of Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. . The new entity Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş., is part of Mondi’s Corrugated Packaging business unit. Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. operates a network of nine corrugated solutions plants across the country, a containerboard mill in Tire and a waste paper collection facility in Adana. Mondi Turkey Oluklu Mukavva Kağıt ve Ambalaj Sanayi A.Ş. employs more than 1,600 people and has a listing on the Istanbul Stock Exchange (BIST).

Sonoco announced it has entered into a definitive agreement to acquire S.P. Holding, Skjern A/S, a privately owned manufacturer of paper based in Skjern, Denmark. The acquisition expands production capacity for customers and Sonoco converting operations throughout Europe and bordering regions. The estimated $88 million (675 million DKK) all-cash transaction has been unanimously approved by Sonoco’s Board of Directors and is expected to be completed in the fourth quarter of 2022, subject to customary closing conditions. Founded in 1965, Skjern is a leading producer of high-grade paperboard from 100% recycled paper for rigid paper containers, tubes and cores, and other applications. The company has robust sustainability programs in place for renewable energy and CO2 emission reduction and operations are powered by a biomass boiler, which reduces reliance on natural gas. In 2022, Skjern is expected to achieve annual sales of $50 million and the transaction is expected to be immediately accretive to both earnings per share and cash flow.

Georgia-Pacific has announced plans to invest more than $425 million to build a Dixie facility in Jackson, the largest single investment in the city’s history. Once operational, the plant will employ more than 200 people and produce well-known tableware products, including the Dixie® and Dixie Ultra® lines of plates and bowls. The 900,000-square-foot facility will sit on 241 acres west of the city. Construction is slated to begin by the end of the year and startup is expected in the summer of 2024. The fully air-conditioned workspace will include a printer, associated plate forming converting assets, and other state-of-the-art manufacturing technology. Georgia-Pacific directly employs approximately 460 people and operates six facilities in Tennessee.

Berry Global Group, Inc. is collaborating with snack and treats leader Mars, Incorporated to launch its popular pantry-sized treats in polyethylene terephthalate (PET) jars that have been optimized to be lighter weight and include 15% post-consumer resin (PCR). With the shared mission of creating more sustainable packaging solutions, Berry and Mars will launch the new jars for the M&M’S®, SKITTLES®, and STARBURST® brands later this month. The easy-grip square jars are produced at Berry’s manufacturing facility, using a single-pellet, food-grade resin to assure a clean, consistent substrate sourced from mechanical recycling. With a history of results in light-weighting, Berry approached Mars with the new concept including PCR. Berry brought its problem-solving and technical expertise to the table to help Mars make progress toward their sustainability goals. In addition to the inclusion of PCR, the jar is also widely recyclable.

Sonoco ThermoSafe and United Cargo are pleased to announce a global lease agreement for the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from United Cargo. Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus ULD® is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.

Amcor Rigid Packaging (ARP) introduces the DairySeal™ line of packaging that features ClearCor™, an advanced polyethylene terephthalate (PET) barrier. With the introduction of DairySeal, the exploding nutritional, dairy alternatives, and ready-to-drink (RTD) market will now have a more sustainable packaging option that can be leveraged across all retail channels. The ClearCor PET barrier technology is a concentrated capsulation in the center of the preform that allows more flexibility and resin options. This technology positively impacts the overall performance of the barrier in the packaging and maintains recyclability. The DairySeal line of packaging can be made with up to 80 percent of recyclable material while maintaining superior taste and performance for the brand.

Koehler Paper is presenting Koehler NexPure® Wrap, a sustainable, lightweight packaging paper for fast-food products, to the public for the first time at the FachPack trade fair in Nuremberg, Germany, from September 27 to 29. The new paper, designed for burger and wrap packaging, has a grammage of 29.5 and uses natural raw materials for the barrier function. Koehler NexPure® Wrap is a sustainable fast-food packaging that is entirely free from fluorinated chemical coatings while offering the same properties. The product exclusively uses pulp from certified sustainable forestry and controlled sources as its primary fiber. Koehler NexPure® Wrap is the perfect addition to Koehler’s ‘Seal & Wrap’ campaign and, with its excellent grease barrier and adapted water vapor barrier, it is a fantastic alternative to solutions that are not fully recyclable, which are currently still in widespread use in fast-food system catering. Koehler NexPure® Wrap is primarily used in packaging for burgers, sandwiches, and wraps.

Mondi, a global leader in sustainable packaging and paper, has helped Austrian food company Handl Tyrol to wrap their bacon in an eye-catching solution that will contribute to a circular economy by keeping materials in circulation. The mono-material polypropylene (PP) film is recyclable in existing recycling streams for mixed polyolefins and keeps the bacon fresh, providing a ‘second skin’ that seals securely with both a high-barrier top and bottom film. The packaging has been designed to look like a wooden chopping board, providing instant on-shelf appeal and brand recognition. Working closely with Handl Tyrol, Mondi employed its collaborative EcoSolutions approach to ensure the packaging is best for the manufacturer, product, end user and environment. The mono-material PP packaging was also shortlisted for the Green Packaging Star Award 2022.

The recyclable and fiber-based wood foam Fibrease™ by Stora Enso can replace e.g. polymer-based foams in packaging solutions. A partnership with Nefab has made it possible to scale up the production and broadly introduce Fibrease to the market, and it’s already being used by customers. We are all familiar with the polyurethane (PU) foam used for cushioning in packaging. It performs well when it comes to protecting products. It’s made of fossil raw materials and used frequently within a variety of industries worldwide. Now, after a successful collaboration between Stora Enso and Nefab, the fiber-based material Fibrease is ready to broadly replace polymer foams; offering brand owners sustainable packaging solutions. “We see a growing demand from eco-conscious companies to replace plastic-based foams with more sustainable alternatives. With Fibrease we can give them that,” says Johan Tegell, Product Manager, Fiber-based solutions at Nefab.

The label manufacturer UPM Raflatac and the industrial labeling and identification solutions provider Logopak have agreed on a collaboration, which provides their customers the first robust linerless solution in print and apply labeling. With linerless labeling, omitting the label liner significantly increases the running length and capacity of the label rolls, saves costs, and benefits the environment by reducing the CO2 footprint in production and logistics. As a first step the collaboration will improve especially the automatic labeling of secondary packaging. The benefits of the collaboration for customers are realized through the excellent compatibility between Logopak’s linerless labeling technology and UPM Raflatac’s Linerless Opticut™ label material. Logopak has tested the functionality of the linerless printing with more than one million cuts with UPM Raflatac’s OptiCut material without any significant pollution or major abrasion of the cutter. This remarkable result is proof that together Logopak and UPM Raflatac can provide a labeling solution that takes automatic linerless labeling to unprecedented level of speed, accuracy and reliability tackling the challenges linerless labeling has conventionally faced.

WestRock Company has acquired an HP PageWide T1190 Press to complement and expand its portfolio of unmatched corrugated printing capabilities, increase value and enable customers to win in the marketplace. Vertically integrated from paper manufacturing to printing to converting, WestRock offers customers a single source solution for high impact graphics, retail cases and displays on demand. The 110-inch wide inkjet digital press is capable of running at 1,000 ft/min and will enhance existing offset litho, flexo preprint, flexo direct print and sheet-fed digital printing used within the Company’s global network of corrugated box plants and specialty facilities.

Metsä Board, part of Metsä Group, announced in May 2022 that it will explore possibilities to increase folding boxboard capacity in Finland or Sweden in order to support its customers’ growth and to strengthen its service capability. As result of the study, the company will start pre-engineering for a new folding boxboard mill with an annual capacity of approximately 800,000 tonnes at the Kaskinen mill site in Finland. The pre-engineering phase will include technical design, design of infrastructure and logistics solutions and tendering for the main equipment. As part of the pre-engineering, an environmental impact assessment and an environmental permit process will be launched. The company estimates that a possible investment decision could be made in 2024 at the earliest. The pre-engineering for the new folding boxboard mill is based on fossil-free production and world-class resource and production efficiency. Thanks to the best available technology, the consumption of raw materials, energy and water per tonne of folding boxboard produced would be significantly lower when compared with the existing mills. The product concept would benefit from Metsä Board's long-term development work in the production of premium lightweight paperboards.

Amcor announced a further strategic investment of up to $45 million in ePac Flexible Packaging (“ePac”), a leader in high quality, short run length digitally-based flexible packaging. The investment will increase Amcor’s minority shareholding in ePac Holdings LLC. Amcor’s Executive Vice President of Strategy and Development, Ian Wilson, said, “This additional investment reflects our confidence in ePac’s entrepreneurial team and their proven ability to rapidly scale in the high growth, often higher value short run segment. Since our initial investment last year, we have been deeply impressed with ePac’s focused and innovative business model centered around deploying a very high level of digitalization and customization. ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times. These specializations are designed to meet the unique speed to market and service needs of locally based small to medium customers, skill sets that are highly transferable to areas of Amcor’s core business.