New Aptar Mumbai Site to Increase Manufacturing Capabilities

Net sales in the third quarter were $3,259 million compared to $2,920 million in the third quarter of 2021 reflecting increased beverage can unit volumes and the pass through of higher raw material costs partially offset by unfavorable foreign currency translation of $127 million. Income from operations was $297 million in the third quarter compared to $348 million in the third quarter of 2021. Segment income in the third quarter of 2022 was $336 million compared to $379 million in the prior year third quarter reflecting higher energy prices, costs associated with higher inventory levels and unfavorable foreign currency translation of $8 million.

Stora Enso arranged a virtual inauguration ceremony to celebrate the successful conversion of the Oulu Mill which was transformed from paper production into high-quality kraftliner production. The Prime Minister of Finland, Sanna Marin, inaugurated the mill. Oulu is Stora Enso’s second successful conversion, following Varkaus Mill, inaugurated in 2016. The EUR 350 million conversion project proceeded according to plan, from the investment decision made in May 2019 to the start of the commercial deliveries in the first quarter of 2021. The current ramp-up phase is proceeding ahead of plan, and the customer feedback has been positive. The new machine is estimated to reach its designed annual production capacity of 450 000 tonnes by the end of the June 2021. “Stora Enso has a long and proud history of being able to transform, innovate and embrace the future. Today’s inauguration celebrates a successfully completed project. Packaging already today represents more than 40% of our total sales. The additional kraftliner capacity in Oulu enables us to further strengthen Stora Enso’s offering in the global markets with significant room for growth,” says Annica Bresky, Stora Enso’s President and CEO. The product, AvantForteTM by Stora Enso, has three fibre layers, making it the strongest kraftliner in Stora Enso’s portfolio.

Mondi has introduced its Advantage StretchWrap, a paper wrapping solution that replaces plastic stretch film and enables a more efficient logistics process, to Sentrex, a European manufacturer of paper bags. Advantage StretchWrap is a fully recyclable kraft paper that is made from responsibly sourced materials. Mondi developed it to stretch and resist punctures, making it ideal for replacing the plastic stretch film that has traditionally been used for pallet wrapping and transportation. Advantage StretchWrap has 62% lower greenhouse gas (GHG) emissions when compared to virgin plastic stretch film, and 49% lower GHG emissions when compared to plastic film made with 50% recycled content, according to a peer-reviewed independent life cycle assessment.* By switching to Mondi’s kraft paper solution and using EW Technology’s fully automated machinery, Sentrex was able to increase efficiency in the wrapping process: The production of the paper bags requires a drying process to remove moisture from the bags before they can be wrapped in plastic stretch film, to avoid condensation within the packaging. Mondi’s Advantage StretchWrap is breathable and can therefore be used to wrap and pack products immediately after paper bag production within one in-line process.