Metsä Board plans to purchase all shares in Hämeenkyrön Voima from Pohjolan Voima

Huhtamaki has acquired the majority of Tailored Packaging, an Australian foodservice packaging distribution and wholesale group. With the acquisition Huhtamaki gains access to a national network of distribution centers across Australia, allowing it to serve its customers even better and with more agility. Tailored Packaging is a national foodservice packaging distribution and wholesale group, founded in Sydney in 2001 and having sales offices and distribution centers in each state of Australia. Tailored Packaging employs app. 130 people and is one of the largest importers and distributors of foodservice packaging in Australia. Click Read More below for additional information.

Pactiv Evergreen Inc. reported results for the third quarter of 2024. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “Our execution during the third quarter was solid and we made meaningful progress on our long-term strategy. We maintained strict cost discipline, optimized enterprise resources and overcame challenges at the Pine Bluff, Arkansas mill during its final quarter under our ownership. As we advance to the next phase of our transformational journey, we intend to leverage our heritage of product innovation and design to foster growth and assist our customers in achieving their sustainability goals.” King continued, “In late September and early October, some of our teams and communities were significantly impacted by Hurricanes Helene and Milton. The safety and well-being of our team members remain our utmost priority. It’s been truly inspiring to witness our teams swiftly activate contingency plans in response to these severe weather events, showcasing their commitment to serving our customers and supporting the affected communities.” Third Quarter 2024 Financial Highlights: Net Revenues of $1,333 million for the third quarter of 2024 were down 3% compared to $1,379 million in the third quarter of 2023 and were approximately flat compared to $1,338 million in the second quarter of 2024. Net Loss from continuing operations of $213 million for the third quarter of 2024 compared to net income of $28 million in the third quarter of 2023 and net income of $20 million in the second quarter of 2024.

The Felix Schoeller Group is expanding its Facestock product portfolio. With PrimePaper F005 and F026, the company is launching two new product types for direct contact with food that are free of harmful substances and FSC certified. The speciality paper manufacturer with headquarters in Osnabrück has also produced a free report on the subject of inkjet printing. Interested parties can find valuable information on the growth trend in digital label printing and the interaction between ink and paper. "We are delighted to introduce two new label solutions for food use to our customers," says Senta Becker, Global Product Manager Label Printing at the Felix Schoeller Group about the new Facestock products PrimePaper F005 and PrimePaper F026. "Both products are free of harmful substances and FSC-certified," Mrs Becker continues on the expansion of the product range of the Osnabrück-based speciality paper manufacturer, which offers Facestock materials for a wide range of applications, including labels for bottle labelling or packaging from the health & personal care and cosmetics sectors.