Smurfit Kappa invests over €30 million in Spain to further reduce CO2 emissions

Fourth Quarter and 2022 Highlights *Delivered progress on strategic priorities including portfolio simplification and structural transformation *Achieved record fourth quarter and annual financial results. In the fourth quarter, revenue grew 16%. GAAP EPS grew by 48% and Base EPS grew by 28% year-over-year *Successfully integrated the Metal Packaging acquisition to expand rigid packaging in North America *Completed Skjern Paper acquisition in Denmark in the fourth quarter to expand sustainable paper packaging products in Europe *Reaffirmed commitments to ESG initiatives as noted in our annual corporate responsibility report

Stora Enso has decided to postpone potential plans to convert a paper machine at its Langerbrugge paper mill in Belgium from the production of recycled newsprint to recycled containerboard. Currently, the Langerbrugge mill has two machines: one produces recycled newsprint and the other produces recycled supercalendered magazine paper. The mill has the capacity to produce 540,000 tonnes per year of recycled paper. “Our study on the opportunity to deliver more recycled packaging to the market proved positive. However, as the availability of recycled containerboard in Europe currently meets market needs, we decided to postpone the conversion decision, which will be taken in due time.

Hood Container Corporation announced today that it has acquired the corrugated packaging business of Dalton, GA based Sustainable Printing LLC. The transaction includes all printing, converting, and ancillary equipment located in Dalton, GA. Hood will continue operating these assets in the current facility. These assets complement Hood Container’s Southeastern footprint creating greater corrugated capacity and enhanced production capabilities in the Georgia and Tennessee region. This acquisition increases Hood Container’s digital print production footprint and will allow the company to continue expanding its corrugated converting capabilities. Charlie Hodges, President and COO of Hood Container Corporation, commented, “The Dalton facility will provide additional capacity and new capabilities to Hood’s presence in the markets we serve. We are excited to add these capabilities to Hood’s offerings to better serve and care for our existing and new customers.”