DS Smith installs state-of-the-art Nozomi 14000 AQ single-pass water-based printer

Quarter Highlights: *Net sales of $5.0 billion were down 2 percent, with organic sales growth of 4 percent versus the prior year. *Reported gross margin was 36.0 percent, adjusted gross margin was 36.9 percent, up 290 basis points versus the prior year, driven by organic net sales growth and gross productivity gains. *Diluted earnings per share were $1.61; adjusted earnings per share were $1.96, up 19 percent versus prior year including a $0.12 year-on-year headwind from currency translation.

Greif is pleased to report that our steel, plastic, fibre drum and chemical filling services that were impacted by Hurricane Harvey are returning to operation. Operation may be limited depending on access to transportation, raw material, or other external services like export shipping Ports. We will keep the safety of our people as the top priority as we resume operations and meet our customers’ needs.

Stora Enso appoints Ad Smit as Executive Vice President of the Packaging Solutions division and a member of the Group Leadership Team. He will start on 1 December 2023 and report to Hans Sohlström, President and CEO of Stora Enso. Ad Smit is a Dutch citizen and will be based in the Netherlands. He has led the Business Unit Western Europe within Stora Enso’s Packaging Solutions division since January 2023. He has over 30 years of business leadership experience in the packaging industry. From 2012, Ad was the CEO of De Jong Packaging Group, which Stora Enso acquired in January 2023. Prior to that he held various Managing Director positions leading packaging divisions and units at Smurfit Kappa Group for over 20 years. “I’m delighted to welcome Ad Smit to Stora Enso’s leadership team. Ad has extensive experience and a successful track record in the packaging business. He is well placed to both lead the Packaging Solutions division and to optimise the integration and synergies with De Jong Packaging Group,” says Hans Sohlström.