Metsä Board and Kouvolan Lakritsi collaborate on innovative paperboard mug packaging

“We are pleased with O-I’s full year 2021 results, which rebounded strongly following the onset of the pandemic. Business performance exceeded the company’s guidance provided at the beginning of the year as well as our most recent business outlook. Sales and production volumes surpassed pre-COVID levels underscoring consumer preference for premium and sustainable glass packaging. Likewise, earnings benefited from very good operating performance and the company’s margin expansion initiatives,” said Andres Lopez, CEO of O-I. Reported Results: For the full year 2021, the company recorded earnings from continuing operations of $0.88 per share (diluted), compared to $1.57 per share (diluted) in 2020. Current year earnings from continuing operations before income taxes were $332 million, compared to $353 million in the prior year. Lower 2021 earnings primarily reflected the non-recurrence of a $275 million gain related to the 2020 sale of O-I’s Australia and New Zealand business unit, partially offset by higher operating results in 2021. Both periods included items management considers not representative of ongoing operations and other adjustments.

Mill Rock Capital, a growth and operations oriented private investment firm, announced that its portfolio company Mill Rock Packaging Partners LLC has acquired All Packaging Company, a leading specialty paper packaging company focused on various consumer end markets. Mill Rock Packaging is a growth-oriented specialty packaging company focused on leading design, innovation and technology; strong operational capabilities and unparalleled customer service. Terms of the transaction were not disclosed. All Packaging, based in Aurora, CO and founded in 1946, is a leading, full-service provider of specialty paperboard packaging to the food and beverage, health and beauty, pharmaceutical and other consumer end markets. The company's comprehensive service suite includes all requirements of a folding carton program, including graphic and structural design, prepress and proofing, printing and converting, in-house cutting and creasing and ancillary services. Customers rely on All Packaging to create packaging that enhances the consumer experience in both retail and e-commerce environments while maintaining brand integrity. All Packaging operates two facilities in Utah and Colorado.

Mondi has recently completed a €95 million investment at its Świecie containerboard mill, which will increase kraftliner capacity by 55,000 tonnes. The upgrade comprises an extensive rebuild of paper machines PM2 and PM5, a new anaerobic treatment plant including an integrated cooling system, and upgrades to the pulp mill, the recycled fibre line and the energy recovery system. These improvements will allow the mill to meet growing customer demand for heavy-duty packaging for large and heavy products, enhance product quality, and bolster its environmental performance by decreasing water consumption and wastewater emissions and increasing energy efficiency. Since the project’s completion in June, Mondi Świecie has also expanded its ProVantage SmartKraft Brown portfolio with a broader range of grammage options.