Eco-Products Earns Industry First for Compostable Packaging with No-Added PFAS

Among the Trioworld trade fair highlights are a new packaging product development for wet wipes made from beverage carton recycling waste and PCR LDPE as well as hard-wearing with 70% recycled content. Trioworld acquired Wentus GmbH earlier this year, expanding the Trioworld product offering in the consumer and food packaging range and the company will have completed the official company name change to Trioworld Höxter GmbH in time for FACHPACK in Nuremberg on September 24-26 this year. The films under the brand name WENTOPRO® includes examples of how to save resources in the packaging process. These include, for example, the SkinTight® range of premium skin films for various applications such as fresh meat, fish or poultry. Overall, the films stand for lower energy consumption thanks to lower processing temperatures and less plastic used for the overall packaging.

Sonoco announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning May 30, 2022. Sonoco said the price change reflects continued tight market conditions and inflationary pressures on manufacturing costs, including energy, freight, chemicals, packaging materials and labor. “Unfortunately, the conditions that challenged us in 2021 have not dissipated in 2022. We continue to be challenged by strong demand, increasing backlogs and inflating costs,” said Tim Davis, Division Vice President and General Manager, Paper – U.S. and Canada.

Net sales for the fourth quarter of 2023 were $1.3 billion, a decrease of $115.3 million, or 8%, as compared to the same period in the prior year predominantly as a result of lower volumes. Income before interest and income taxes (EBIT) for the fourth quarter of 2023 was $126.1 million, an increase of $45.0 million as compared to $81.1 million for the fourth quarter of 2022 principally due to $66.6 million of rationalization charges in the prior year period.