International Paper (NYSE: IP) today announced that it completed the previously disclosed sale of its Brazilian corrugated packaging business to Klabin S.A. The business has three containerboard mills and four box plants. The company will continue to run its papers business and forestry operations in Brazil.
https://internationalpaper2015.q4web.com/news-releases/press-r/2020/International-Paper-Completes-the-Sale-of-Its-Brazilian-Corrugated-Packaging-Business/default.aspx
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New technologies are enabling lighter packaging materials and greater resource efficiency, cutting down emissions and increasing competitiveness for consumer packaging based on renewable materials. Here’s a look at the advanced technology being utilised at Stora Enso’s new Packaging Materials production line at the Oulu Mill, in northern Finland. How can high-quality consumer packaging materials from renewable fibers be made as efficiently and sustainably as possible? This is an area Stora Enso has worked on for decades. With the launch of its new consumer board production line at the Oulu Mill in 2025, the company is taking yet another leap in finding the most advanced technological solutions to ensure the perfect combination of quality and efficiency for its packaging materials customers. This time, the results will especially benefit customers in the food packaging industry, as the production line will be specialised for high-quality food and beverage packaging materials.
*Net Sales $2,259 million, versus $2,438 million in 2023 *Net Income $165 million, versus $207 million in 2023 *Earnings per Diluted Share $0.53, versus $0.67 in 2023. Michael Doss, the Company's President and CEO said, "During the first quarter, our diverse consumer packaging portfolio performed broadly as expected.
Total containerboard production in August remained essentially flat (+0.4 percent) compared to August 2019. It was up four percent when compared to the same eight months of 2019. August 2020 production of containerboard for export decreased nine percent compared to the same month last year; it was up 23 percent year-to-date. The containerboard operating rate was 92.1 percent, essentially flat (-0.4 pts.) from August 2019 and up 2.7 points year-to-date. Mill inventories of containerboard at the end of August increased 35,000 short tons from the previous month and were up 68,000 short tons compared to August 2019.