Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

The PM10 at Laakirchen Papier AG, part of the Heinzel Group, Austria, that was rebuilt by ANDRITZ has become the world’s fastest converted containerboard production machine with speeds of up to 1,420 m/min at a basis weight ranging from 80 to 140 g/m². Over the last few years, ANDRITZ converted the PM10 from production of SC paper to a fluting and testliner machine. The scope of supply comprised the stock preparation section, a comprehensive rebuild of the paper machine, and the complete automation. Jan Reibert, Production Manager PM10 of Laakirchen Papier, explains: “Per today, PM10 produces lightweight containerboard here in Laakirchen at record speeds. And we have an ace up in our sleeve: there is still potential for further increases in performance. The next step is the upgrade by ANDRITZ of the ropeless tail threading system in the double-tier part of the after-dryer section to reduce threading time when compared to the market standard.”

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

Berry Global Group, Inc. announced its continued leading investments in access to circular polyolefins from advanced recycling to support customer sustainability goals. These polyolefins are obtained by advanced recycling, enabled by the adoption of new chemical recycling technologies, of post-consumer plastic waste not suitable for traditional recycling. In this agreement, Berry collaborates with a leading supplier of polyolefin solutions, Borealis, for access to its first volumes of the in-demand circular polyolefins made from chemical recycling. This announcement adds to Berry’s access to the 600 million pounds of post-consumer recycled (PCR) content by 2025, allowing Berry to further support customers with unmatched access to circular polyolefins. Innovative processes like chemical recycling make it possible for material that would otherwise be discarded as waste and destined for incineration or landfill to be used as feedstock for production of polyolefins that fulfill the most stringent quality requirements. Continually increasing the demand for these processes is a critical component in the economics of achieving a circular economy, while just last month, Berry announced its access to another 300 million pounds of chemical recycled material.