Pratt Industries Commits to Investing $5 Billion in Recycling, Clean Energy Infrastructure and Manufacturing Jobs in the USA over the Next 10 Years

Ahlstrom is further extending its range of release papers by introducing new products supporting sustainability and circularity in manufacturing Pressure Sensitive Adhesive (PSA) laminates and labels. Ahlstrom strives to develop sustainable products, support the transition to more renewable, bio-based materials, and enable more efficient use of resources. In line with these targets, Ahlstrom is extending its Acti-V® range of high-performance label release liners with new products offering novel options to sustainability-driven laminators, label printers, and end-users, thanks to the use of post-consumer recycled fibers and unbleached cellulose fibers: *Acti-V® RF Yellow is a supercalendered release paper including at least 15% post-consumer recycled fiber, featuring the typical light-yellow color of paper liners that carry most PSA paper labels in Europe. *Acti-V® RF Natural is a supercalendered release paper featuring a light creamy color, naturally resulting from the blend of at least 15% post-consumer recycled fiber and unbleached and bleached cellulose fibers.

Net sales in the second quarter of 2020 were $1.4 billion, compared to $1.8 billion in the second quarter of 2019. Average selling prices improved approximately 1 percent and increased revenue $18 million. However, lower shipments due to the pandemic negatively impacted sales by $255 million. Unfavorable foreign currency translation reduced net sales by $88 million. Segment operating profit1 was $95 million in the quarter, compared with $236 million in the same period of 2019. Current year profits were impacted $6 million by unfavorable foreign currency translation. The benefit of higher selling prices more than offset incremental cost inflation by $1 million. Reflecting the impact of the pandemic, sales volume in tons declined approximately 15 percent from the prior year quarter and negatively impacted segment operating profit by $84 million. Segment operating profit was negatively impacted by $52 million as lower production levels were partially offset by improved operating performance and cost control efforts. Production levels were down approximately 20 percent from the second quarter of 2019 reflecting required curtailment to comply with government decrees to manage the pandemic, including disruptive lock downs in Mexico and the Andean countries, as well as the company’s effort to align supply with lower demand and manage inventory.

IPG® (Intertape Polymer Group®) a leading manufacturer of packaging and protective solutions, is excited to introduce the new 170e water based acrylic pressure-sensitive carton sealing tape, designed with 30% recycled film. This construction is a significant step in reducing the consumption of new virgin raw materials, thereby providing an overall lower carbon footprint. 170e maintains the performance characteristics and reliability of the carton closure product line. It’s superior tack, UV resistance and broad application temperature performance mirror those of its non-recycled content counterparts and is ideal for both manual and automated applications. 170e is one of several new product launches that support and contribute to IPG’s sustainability and circularity goals. IPG continues to embrace sustainability as a key strategy for achieving the company vision and mission, and as a primary driver of operational excellence.