Sonoco-Alcore to Increase Tube & Core Prices in the EMEA Region

UPM Specialty Papers’ heat-sealable barrier papers have achieved excellent results in tests carried out with Koenig & Bauer's next generation of inkjet digital printing technology. This is good news for brand owners and converters interested in surpassing the limitations of conventional printing methods in order to accelerate time to market or to create more customized packaging. With the ability to change designs simply by updating a file, digital printing opens new possibilities for brand owners and converters – from accelerating time to market through to creating more customized packaging. The goal was to test and optimize the compatibility of digital printing for UPM Specialty Papers’ barrier papers for digital printing, as it would offer a powerful combination for transforming how flexibly even small batches of packages can be produced.

2022 Highlights - Net Sales were $9,440 million versus $7,156 million in the prior year. *Net Organic Sales increased 3% from the prior year. *Net Income was $522 million versus $204 million in the prior year. *Earnings per Diluted Share were $1.69 versus $0.68 in the prior year. *Net debt was $5,133 million versus $5,659 million at prior year end. *Year-end net leverage was 3.2x versus proforma 4.6x at prior year end. *New coated recycled paperboard (CRB) mill will support growing demand and extend position as the lowest-cost, highest-quality paperboard producer in North America. Investment of approximately $1 billion over three years will be internally funded with operating cash flow.

PCA recently celebrated the start of construction of its new full-line corrugated plant in Marshfield, Wisconsin. Attendees at the official groundbreaking included PCA management; the mayor of Marshfield and other city officials; the builders of the new facility; and employees from the nearby Colby plant, who were transported on coach buses to Marshfield for the event. PCA Executive Vice President Tom Hassfurther addressed the audience and participated with others in a ceremonial groundbreaking. The event also included lunch served inside a warming tent.