Mondi completes €95 million investment to boost efficiency and sustainability at Świecie containerboard mill

Net sales for the third quarter of 2020 were $1.31 billion, down 3.1 percent from last year's third quarter sales of $1.35 billion. The sales decline was driven by lower volume/mix, a stronger U.S. dollar and lower selling prices. These negative impacts were partially offset by sales added from acquisitions. GAAP net income attributable to Sonoco in the third quarter was $83.4 million, or $0.82 per diluted share, a decrease of $8.6 million, compared with $92.1 million, or $0.91 per diluted share, in 2019. Gross profit was $257.0 million in the third quarter compared to $265.5 million in the same period in 2019. Quarterly gross profit as a percentage of sales was essentially flat year over year at 19.6 percent. Third-quarter selling, general and administrative expenses increased $5.8 million from the prior year to $126.1 million.

The packaging industry is experiencing an unprecedented change: there is a strong push from both consumers and regulators for more sustainable solutions. As a result, brand owners have set ambitious targets for increasing the share of recyclable and fibre-based packaging. In order to achieve these targets, they need the help of the entire packaging value network; this is a huge opportunity for everyone involved. “The ultimate purpose of packaging is to protect the product during delivery and keep the contents safe to use. With many foods, for example, this means that packaging needs to offer protection against moisture or grease. Today these properties are typically achieved using plastic structures, but we are now working on fibre-based solutions that can satisfy these requirements, while offering additional benefits for climate and recycling,” says Janne Varvemaa, Director, Products and Technology at UPM Specialty Papers.

Mondi has entered the bike packaging market with its Protector Bags, providing a new sustainable solution for Diamant to replace plastic wrapping used around the handlebars of its Trek and Diamant brands. Germany’s oldest bike manufacturer will now use Mondi’s recyclable Protector Bags that are made from renewable materials. The change means that Diamant will reduce its plastic use by 16 tonnes every year – around 85% of its previous consumption – as well as saving costs in logistics and transportation. The pre-made paper bags do not require additional wrapping or taping, as they are ready to use with a tailored closure strip developed specifically for the bicycle industry. Created from two plies of paper, Mondi’s Protector Bags are strong and flexible, making them highly puncture-proof – and they protect the bikes during storage and transport with a softer interior glaze that is friction-resistant. Due to the air permeability of paper, the bags are also breathable. Additionally, handlebar grips made of rubber can emit moisture or gas that can evaporate easily with this new packaging.