Smurfit Kappa Holds Eighth Innovation Event in Paris This Year

The plastic recycling capacity in Europe is growing according to a recent study made by Plastic Recyclers Europe and is expected to continue growing with the coming legislation on packaging as a key driver. The demand for PCR (Post-Consumer Recyclates) material is expected to increase significantly and Trioworld is investing heavily to meet the demand and secure the supply of PCR for our customers. The study from PRE shows that plastic recycling capacity grew 8 % between 2018 to 2020 alongside considerable improvements in collection, sorting and recycling leading to a growing uptake in a wider range of end applications. “In 2022, Trioworld decided to invest more than 50 million EUR in expanding our recycling capabilities. Investments that will make it possible to supply high-quality post-consumer recycled material to stretch film”, says Oskar Karlsson, CPO and VP Sustainability at Trioworld Group.

First Quarter Highlights and other notable items: *Net sales of $4.9 billion comparable year-over-year *Net income of $45 million, Adjusted Net Income of $141 million *Results in the current year impacted by $119 million due to economic downtime and weather disruptions; additionally, non-cash pension costs increased $40 million year-over-year and the unfavorable impact of foreign currency was $17 million year-over-year *Acquired the remaining 67.7% interest in Gondi, S.A. de C.V. (“Grupo Gondi”) for $970 million, plus the assumption of debt *Divested two uncoated recycled paperboard mills (“URB”) for $50 million, subject to a working capital adjustment, and recorded an $11 million pre-tax gain on sale

Mondi has worked with Nordic food manufacturer HKScan to provide renewable paper-based packaging for its best-selling Falukorv sausage. Sustainable packaging is a high priority for HKScan, who sells over eight million Scan Falukorv sausages every year in Sweden alone. The company has pledged to achieve net-zero carbon dioxide emissions target by 2025 - and aims to achieve a carbon neutral food chain by the end of 2040. Mondi used its EcoSolutions approach to collaborate with HKScan’s R&D team to provide the right barrier paper without requiring any changes to its existing production lines. The new packaging now comprises of renewable materials and is made with responsibly sourced paper and bio-based plastic. The paper is sourced, coated and printed in Sweden, so transportation is kept to a minimum. Thanks to its majority paper content, the new packaging can be disposed of in Swedish paper recycling streams. Mondi’s solution ensures the Scan Falukorv sausage remains fresh and intact in transportation, and the packaging provides excellent print quality for attractive presentation on the shelves.