Metsä Board introduces QR code with recycling information for all its delivery packaging materials

Net sales approximated $1.7 billion in the second quarter of 2021 which represented a $242 million increase from the prior year period. Higher average selling prices contributed $27 million to net sales. Adjusted for divestitures, shipments in tons increased 18 percent as higher sales volumes and favorable mix boosted revenues $255 million. Net sales benefited $79 million from favorable foreign currency translation. Recent divestitures reduced net sales by $111 million and revenue from technical services declined $8 million reflecting lower engineering project activity. Segment operating profit was $232 million in the second quarter of 2021 compared to $99 million in the prior year period.

Smurfit Kappa has launched an innovative and sustainable new pack which keeps frozen and chilled foods fresh throughout the supply chain. Made from a 100% paper-based combination of Hexacomb and corrugated, the Thermo Box keeps frozen food including fish at temperatures similar to expanded polystyrene (EPS) boxes. Smurfit Kappa was approached by Patani Global Food B.V., a global supplier of fresh and frozen foods including vegetables, meat and fish and non-food products for the catering industry. Patani Global Food B.V. ships goods from Amsterdam to worldwide locations including to the Antilles Islands in the Caribbean using EPS boxes. However, a rise in the amount of litter that was washing up on the idyllic beaches in the region had led to a future ban on plastic waste so the company wanted an alternative solution that would not harm the environment.

Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Fourth Quarter 2017 Highlights (as compared to fourth quarter 2016): • Revenue increased 13.1% to $237.4 million primarily due to additional revenue from the Cantech Acquisition (1), an increase in average selling price, including the impact of product mix, and an increase in sales volume. • Gross margin decreased to 22.8% from 25.6% primarily due to the non-recurrence of Insurance Proceeds (2). Gross margin in the fourth quarter of 2016 would have been 21.7% excluding the impact of the Insurance Proceeds. Click Read More below for additional information.