Extended Producer Responsibility fees delayed to 2025

The polyethylene terephthalate (PET) is facing new challenges following damages at feedstock monoethylene glycol (MEG) plants. The damages resulted in a force majeure declaration by three MEG producers, which in turn led to a force majeure declaration by a PET producer. Asia is being considered as a possible supplier of MEG until domestic plants resume operations. Local sources are hopeful that water and power at the affected plants in Louisiana may be restored in early October, but believe that the impact on PET availability will be significant. This has tightened supply as demand has remained robust. Although resin imports from Latin American may offset part of the shortage, many believe that pellets prices are likely to increase. Inquiries to Asian PET suppliers have shown an increase as prices in the region are low at $650-680/tonne FOB, but delivery would take weeks.

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.

January–September 2021 (compared to 1–9/2020) • Sales were EUR 1,565.6 million (1,416.4). • Comparable operating result was EUR 295.3 million (156.7), or 18.9% (11.1) of sales. Operating result was EUR 285.0 million (162.7). • Comparable earnings per share were EUR 0.65 (0.33), and earnings per share were EUR 0.63 (0.34). • Comparable return on capital employed was 19.4% (11.8). • Net cash flow from operations was EUR 209.8 million (226.7).