Say cheese! Mondi and Skånemejerier partner to introduce mono-material plastic packaging

Atlantic Packaging Products Ltd. officially announced the construction of a new 100% recycled paper machine in Whitby, Ontario. The new paper machine will be Atlantic's second recycled paper machine in Whitby, and is being built adjacent to their current machine which has been operational since the 1990s. The new machine will be one of the most technologically advanced machines in North America producing 400,000 tons per annum of high performance light weight medium and liner. Production is scheduled for the first quarter of 2022.

At Pratt Industries, we take a holistic approach with our customers to look beyond basic packaging needs to develop vertically integrated, sustainable solutions to help protect, transport and drive sales for our customers’ products. To do this, we employ an extensive network of highly skilled experts who apply the knowledge they’ve gained from various industries to utilize best practices, reduce operational costs and improve efficiencies. Below are a few examples of how Pratt was able to assist our customers in creating beyond the box solutions for their organizations. Partnering with our Value Improvement Program (VIP) team, a customer was able to reduce costs across its operations, including material, pallets, warehouse and freight. Pratt experts partnered with the customer to evaluate packaging, shipping and storage requirements for nearly 200 items. The Pratt team then performed tests to understand how changing containerboard grades, packaging dimensions and pallet configuration affected the items and overall supply chain costs. Based on these studies, Pratt recommended using less corrugated material more efficiently and optimizing the balance of case stacking on pallets. The result was more cases per pallet layer and a reduction in truckloads to create substantial savings in material, warehousing and freight.

The Group’s consolidated sales rose slightly from EUR 1,142.2 million to EUR 1,150.3 million. Both divisions contributed to this rise. At EUR 102.1 million, operating profit was EUR 8.7 million or 7.9 % below the value for the first half of the previous year (EUR 110.8 million). Thus, the Group's operating margin was at 8.9 %, following 9.7 % in the first six months of 2016. Financial income of EUR 1.3 million (1st half of 2016: EUR 1.6 million) was offset by financial expenses of EUR -2.9 million (1st half of 2016: EUR -3.2 million). Owing to the deconsolidation of the Tunisian packaging companies, a one-off expenditure of EUR 2.3 million was incurred due to the accumulated foreign currency translation, which is reported under “Other financial result – net”. Click Read More below for additional detail.