Silgan Announces Third Quarter 2024 Results

The movement to save the world’s Ancient and Endangered Forests from ending up as take-out containers, shoe boxes, or other paper packaging just got kicked up a notch. Crown Van Gelder is thrilled to join a cadre of companies in the Pack4Good [and Canopy Planet] in committing to eliminate controversial forest fibre from our packaging, while exploring Next Generation Solutions for packaging made from alternative sources. Crown Van Gelder’s papers are 99% bio based; pulp sourced from sustainably managed forests, sugar beet pulp, starch, natural pigments and surface water. Only a few auxiliary materials, colouring agents and glues are not bio based; natural gas is used as an energy source in the manufacturing process. After two years of research in 2020 Crown Van Gelder developed Crown Native with the Dutch agricultural cooperative Cosun Beet Company as a strategic partner. The agricultural process residue from Cosun’s production process, beet pulp, forms a valuable resource for the paper and Crown Van Gelder succeeded in creating paper with 20% beet pulp, thus achieving environmental gains in several areas.

The Board of Directors of Metsä Board Corporation has decided to launch a share buyback of company’s own shares. The number of shares to be acquired based on the authorisation shall not exceed 1,000,000 B shares, which corresponds to approximately 0.3% of all the shares in the company. The shares will be acquired for use as part of the company's share-based incentive system and to prepare for the remuneration of the Board. The aggregate amount to be used for the acquisition of own shares shall not exceed EUR 11,000,000. The shares are acquired in one or more lots in trading organised by NASDAQ Helsinki Oy on the regulated market at the market price valid at the time of acquisition. The shares shall be acquired and paid for in accordance with the rules of NASDAQ Helsinki Oy and Euroclear Finland Oy.

Mondi has teamed up with the UK’s number 1 frozen food retailer to provide renewable, recyclable packaging in a move that further validates Mondi’s approach of using “paper where possible, plastic when useful”. Iceland is replacing its previous packaging with Mondi’s versatile functional barrier paper across a number of its ranges. The first newly packaged product to hit the shelves earlier this month was the retailer’s frozen chicken dippers, which reduces the amount of plastic used per year by 80%. The functional barrier paper is made from renewable resources with Mondi managing the paper production and coating in-house, providing a fully integrated solution. It is easy for consumers to recycle the paper in existing waste streams and as paper is the most widely recycled material in the world - 74% of paper and 83% of paper-based packaging in Europe are recycled – the solution ensures that the paper can be recycled at the end of its life, contributing to a circular economy.