Rigid Ruminations – From Paper to Plastic and Metals (digitalputput.net)

Second Quarter Highlights: *Continued strong demand in tissue, improved demand in paperboard *Completed acquisition of Augusta paperboard manufacturing facility *Net sales of $586 million, up 12% from the second quarter of last year, primarily driven by incremental sales volume from Augusta *Net loss of $26 million, or $1.55 per diluted share compared to $30 million income, or $1.75 per diluted share in the second quarter of last year

Tredegar Surface Protection announced that it will implement a resin index based pricing plan that will apply to all products and customers, in response to unprecedented price increases and supply issues for polyethylene and polypropylene resin. This bilateral pricing model, which allows for decreases if resin prices fall in the future, will be effective on all shipments beginning July 1, 2021. Citing growing cost pressures, Dr. Bapi DasGupta, president of Tredegar Surface Protection, said, “While we are seeing cost inflation in many areas, the increase in the cost of our primary raw material is the most challenging, given that resin prices have doubled over the past year. In addition, resin supply continues to be tight as a result of recent force majeure events and issues associated with COVID-19 conditions, including supply chain delays. We continue to focus on cost-control measures across our business and remain fully committed to delivering industry-leading product quality and supply reliability to our customers.”

DS Smith Tecnicarton has designed and manufactured a new packaging for the metallurgical sector in four-wave laminated cardboard, especially suitable for heavy bulks in the sector, whether they are positioned or extendable parts. It is a unique packaging that is extremely resistant and able to adapt to the needs of the product and its transport conditions. In addition, the possibility of customizing the measures, allows to adapt it to the European regulations, as well as to the maritime platforms or to the measures stipulated by the client. Another of its main advantages is that its folding system allows a single piece to function as both a bottom and a body and to be assembled in a single movement. This innovation introduces significant cost savings in the assembly process, as time is significantly reduced; it facilitates stacking and allows for a significant reduction in storage space.