SCA to increase kraftliner prices by €50 per tonne

Retail giant, Amazon, recently delivered a welcome break from the political news media to report on their shift to paper packaging across a significant part of their North American operations. As detailed in a press release on June 20th, 2024, Amazon reported a transition of 95% of their box “filler” from plastic air pillows to a paper void fill solution. This multi-year transition has been enabled by significant investments in their fulfillment operations, the package design engineering teams and sourcing teams. Amazon's leadership in sustainable packaging sets an example for the industry, demonstrating how aligning packaging choices with broader business objectives and sustainability goals can lead to innovative solutions and operational efficiencies. At Pregis, we’re pleased to be an innovation partner with Amazon to support their mission to “Ensure that customers receive their items undamaged, while using as little packaging as possible to avoid waste and prioritizing recyclable materials.” We share in Amazon’s focus on protecting against damage, optimizing packaging material use and designing for circularity (in layman’s terms that means enabling recyclability at end of the products life, so it does not become landfill waste).

HIGHLIGHTS *Fourth quarter net earnings (loss) attributable to International Paper of $107 million ($0.28 per diluted share) compared with $864 million ($2.20 per diluted share) in the third quarter of 2021 and $153 million ($0.39 per diluted share) in the fourth quarter of 2020. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. Fourth quarter adjusted operating earnings* (non-GAAP) of $301 million ($0.78 per diluted share) compared with $431 million ($1.10 per diluted share) in the third quarter of 2021 and $206 million ($0.53 per diluted share) in the fourth quarter of 2020. *Full-year net earnings (loss) attributable to International Paper of $1.8 billion ($4.47 per diluted share) compared with $482 million ($1.22 per diluted share) for full-year 2020. Full-year adjusted operating earnings* (non-GAAP) of $1.3 billion ($3.20 per diluted share) compared with $848 million ($2.14 per diluted share) for full-year 2020. *Ilim equity earnings of $66 million, bringing full-year to $311 million

Berry Global Group, Inc. (NYSE:BERY) today reported results for its third fiscal 2017 quarter, referred to in the following as the June 2017 quarter. “This continues to be an exciting year for Berry as we celebrate our 50th year in business while also achieving a milestone in the quarter with our placement into the Fortune 500. We achieved quarterly records for net sales and operating EBITDA and continued our work integrating the AEP acquisition. Adjusted free cash flow improved 20 percent, and adjusted net income per diluted share was also 13% higher at 93 cents,” said Tom Salmon, CEO of Berry.