SCA will increase the price of White and Brown Kraftliner by €50 per tonne. The new price is valid for deliveries from February 1, 2021.
“The market is characterized by a very strong demand for Kraftliner” says Mikael Frölander, Vice President Sales & Marketing Containerboard.
https://www.sca.com/en/about-us/Investors/press-releases/2021-01/sca-to-increase-kraftliner-price-by-50-per-tonne/
Related Posts
First Quarter Highlights *First quarter 2022 net sales were a record $1.77 billion, compared with $1.35 billion in the same period in 2021. *First quarter 2022 GAAP earnings per diluted share were $1.17, compared with $0.71 in the same period in 2021. *Base net income attributable to Sonoco (base earnings) for the first quarter 2022 was a record $1.85 per diluted share, compared with $1.00 per diluted share in the same period of 2021. 2021 base results throughout the release have been revised to conform with the Company’s current Base Earnings definition which excludes amortization of acquisition intangibles. The Company recently provided updated first quarter guidance of $1.70 to $1.80 per diluted share. (See base earnings definition, explanation and reconciliation to GAAP earnings later in this release.) *Cash flow from operations was $1.1 million in the first quarter of 2022, compared to $138.7 million in the same period of 2021.
Packaging Corporation of America’s containerboard mill in DeRidder, Louisiana, recently announced that it is offering scholarships to two graduating seniors from each of six local schools: DeRidder High School, Merryville High School, Singer High School, East Beauregard High School, Rosepine High School and South Beauregard High School.
For each school, one scholarship will be awarded in the amount of $1,000 and another at $500. The criteria used to select the recipients includes financial need, scholastic excellence, extra-curricular activities and relationship of degree to the papermaking industry.
A comprehensive review of the general conditions has shown that it is not possible to continue production economically on the board machine in Hirschwang an der Rax, Lower Austria. The age and design of the machine (year of construction 1952) as well as increased market requirements prevent continued existence. 150 employees are affected, discussions about a social plan have already been started. The supply of customers from other plants of the Mayr-Melnhof Group is guaranteed. The result of the cartonboard division is expected to be impacted by around EUR 25 million, the greater part of which is due to depreciation. The Hirschwang site is to concentrate on the existing folding box production (Neupack) with 215 employees in the future. Investments to strengthen the location in this area are being examined.