Diversified Labeling Solutions Updates Fleet with Mark Andy Rotoflex Die Cutter

Net sales in the third quarter increased to $2,468 million compared to $2,326 million in the third quarter of 2016, reflecting increased global beverage, food and aerosol can volumes, the pass through of higher raw material costs, and $38 million of favorable currency translation. Income from operations was $347 million in the third quarter of 2017. Segment income improved to $358 million in the quarter over the $333 million in the third quarter of 2016, including a benefit of $5 million from currency translation. Net income attributable to Crown Holdings in the third quarter was $177 million compared to $183 million in the third quarter of 2016. Reported diluted earnings per share were $1.32 in the third quarter of 2017 compared to $1.31 in the 2016 third quarter. Adjusted diluted earnings per share were $1.41 compared to $1.33 in the third quarter of 2016. Through September 30, the Company repurchased a total of 6.2 million shares of its common stock for $339 million, including 1.1 million shares for $62 million during the third quarter. Click Read More below for additional information.

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."

Stora Enso has started the production of formed fiber food service products at Hylte Mill in Sweden. The production ramp-up follows the investment announced in 2019 and enables the manufacture of products that are renewable, recyclable and biodegradable. The PureFiberTM by Stora Enso eco-product range is produced without plastic and per- and polyfluoroalkyl substances (PFAS), enabling a safe and sustainable alternative for fresh food packaging. The Group is also investing in more formed fiber capacity in Sweden and China. Through its partnership with HS Manufacturing Group and its patented technology, PROTĒAN®, Stora Enso offers a plastic-free barrier technology for food contact packaging applications. The joint patent-pending technology offers a recyclable and biodegradable solution that gives fiber-based packaging water-, grease- and oil-resistant barrier properties, without plastic or PFAS. The solution can be applied for a range of products, such as single-use food service items. A Life Cycle Analysis study shows that the PureFiberTM product line has a CO2 footprint that is approximately 75% lower compared to competing packaging materials.