Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Greif’s Paper Packaging and Services (PPS) business has announced two significant investments in its recycling operations to support its growth strategy in sustainable paper packaging solutions. A new 81,000-square-foot paper recycling facility for collecting, processing, and baling has opened in Florence, Kentucky, bringing Greif’s total number of recycling facilities across North America to 19. In addition, Greif has more than doubled the size of its paper fiber recycling plant in Nashville, Tennessee, to enhance efficiency and support accelerated growth. The expanded facility covers a floor space of 72,000 square feet. Both plants are located in areas where demand for a collection of waste fiber and the supply of recycled paper and board is experiencing continued growth.

The just released Paper and Packaging Board’s (P+PB) 9th annual State of the Campaign report details the positive impact of its sustainability campaign on the paper and packaging industry’s reputation and consumer preference. The national consumer campaign addresses consumers’ concerns about the use of forests to make products, showcases product innovations and plastic substitutions, educates why using paper products is a smart choice for the environment and reminds how to recycle properly. “The campaign is making an impact with consumers,” says Mary Anne Hansan, P+PB President. Learning the facts about the paper industry’s sustainability practices and product benefits dramatically improves whether our core audience sees the industry as part of the environmental solution or problem,” says Hansan. “After hearing our messaging, consumers' perceptions of our industry tend to increase based on our Attitudes and Usage Tracking Survey. When people feel like they are part of the environmental solution by choosing paper products, their likelihood of consuming more paper and packaging increases.”

Silgan Holdings Inc. reported record third quarter 2020 net income of $112.9 million, or $1.01 per diluted share, as compared to third quarter 2019 net income of $81.3 million, or $0.73 per diluted share. Net sales for the third quarter of 2020 were $1.49 billion, an increase of $167.2 million, or 12.7 percent, as compared to the same period in the prior year. This increase was the result of higher net sales in all of the businesses. Income before interest and income taxes for the third quarter of 2020 was $174.0 million, an increase of $41.3 million as compared to $132.7 million for the third quarter of 2019, and margins increased to 11.7 percent from 10.0 percent for the same periods. The increase in income before interest and income taxes was the result of higher income in each of the businesses. Rationalization charges were $2.5 million and $3.2 million for the third quarters of 2020 and 2019, respectively, and acquisition related costs were $0.7 million in the third quarter of 2020.