Sealed Air Announces Price Increases for Its North American Food Care Products

The Better with Less – Design Challenge 2022 is now open for submissions. The competition invites designers around the world to create the zero-waste packaging of the future and is open for submissions from 1 June to 1 December, 2022. A world-class jury of renowned package design experts will be looking for lighter, smarter, and circular solutions for some of the most common consumer packages. The competition is organized by a leading European paperboard producer Metsä Board, part of Metsä Group. “In the future, circular economy will guide all consumption. The need for packaging keeps growing, and we must use design in more innovative ways to respect the resources of our planet,” says the Better with Less – Design Challenge jury chairman Ilkka Harju, Packaging Services Director, EMEA and APAC at Metsä Board. “We are asking competition entrants to acknowledge the package’s entire lifecycle from efficient design to easy recycling and purposeful reuse – producing zero waste. It is huge responsibility, but also a brilliant playground for innovation,” he adds.

Net sales increased by 31% in the second quarter. In comparable terms, growth reached 17%, driven by pricing actions. In most markets, demand developed favorably and has returned to pre-pandemic levels, however with some exceptions, particularly in China. Tensions on raw material availability limited our capacity to further grow volumes according to the demand, most notably in North America. We continued to mitigate the significant inflation which impacted all our major input costs, including raw materials, freight costs, energy and labor. We protected our profitability through operational efficiency improvements and pricing actions, with the adjusted EBIT increasing by 29%. Cash flow remained impacted by increased working capital and capital expenditure. We continued our organic investment into sustainable product innovation and business expansion. For example, we announced the expansion of our molded fiber product manufacturing unit in Hammond, Indiana, US. This investment in fiber technology supports market demand for more sustainable solutions in North America, such as egg cartons and cup carriers. The planned USD 100 million investment will start ramping up towards the end of 2023.

Inspired by the promise of responsible packaging for a brilliant future, Amcor’s flexibles and rigids businesses will come together to display packaging for retail, food service, healthcare, and industrial applications. Visitors will find Amcor in South Hall, booth #3705, at McCormick Place. Guided by Amcor’s packaging experts, visitors will experience innovation driven by operational efficiencies and consumer trends, such as convenience, generational preferences, and shelf appeal. Brands focused on improving their sustainability will find drop-in solutions for over 85% of Amcor’s product portfolio, ready to run today and meeting the performance needs that customers’ production environments demand.