Novolex Brands Eco-Products and Vegware Earn Prestigious Packaging Awards

In just four months, Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. From building recycling capacity from scratch via cross-border cooperation (in Saudi Arabia), expanding that capacity by 50% (in Turkey), tripling the production capacity for the cartons' PolyAl element (in Ukraine) to leveraging a public/ private partnership (in Australia), these projects share one single, critical trait. They will enable recycling of all components of a used carton package, transforming them into quality materials and goods. Once fully operational, the new solutions will be able to process up to an additional 45,000 tonnes of used carton packages, enabling global carton package recycling to exceed 50 billion a year. This translates to significantly improved recycling in the respective countries, and in some cases also in the neighbouring ones.

As we mark the end of one chapter of sustainability and embark on another, we are eager to share the positive impact we have made to date in our industry through our 2020 Interim Sustainability Report. Titled, “Enduring Values, Continuous Progress,” our latest report demonstrates the responsibilities and commitments we maintain with our environments, communities and stakeholders as we dig into a new decade of action. Click into our report to understand more about this pivotal period for our business—a year in which we both concluded our first set of formal sustainability goals (surpassing our targets for reducing our greenhouse gas emissions levels and decreasing our energy consumption) and also elevated our efforts with the launch of our comprehensive Twentyby30 sustainability program.

*Revenue growth of 11% *EBITDA of €781 million with an EBITDA margin of 16.7% *Corrugated growth of over 10% and over 9% versus 2020 and 2019 respectively *Accelerating investment plans to meet customer needs and capitalise on growth *Agreement to acquire 600,000 tonne recycled containerboard mill *Strong and progressive corrugated price recovery offsetting significant input cost increases *Interim dividend increased by 5% to 29.3 cent per share. Tony Smurfit, Group CEO, commented: “I am pleased to report a strong first half performance with revenue growth of 11%, EBITDA of €781 million and an EBITDA margin of 16.7%. Growth in corrugated was over 10% against the same period in 2020 and over 9% on 2019 and we continue to see strong demand for our core products.