Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Smurfit Kappa, one of the world's leading providers of sustainable packaging solutions, has announced it has signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant located in Shumen, Bulgaria. Artemis focuses on food and beverage packaging and makes the bags for Bag-in-Box products as well as films and caps for wine. Artemis will join Smurfit Kappa’s network of Bag-in-Box operations in Europe. The acquisition will allow Smurfit Kappa to expand its presence and customer base in Eastern Europe, as well as to enhance its product portfolio and innovation capabilities in the bag-in-box sector. Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box, said: "We made this acquisition strategically to boost our growth in the European market and expand our reach in its eastern region. By continuing to develop and invest in this plant, we can offer our customers more benefits, such as outstanding product quality, high-quality service and the wide-ranging and global expertise of Smurfit Kappa."

UPM Raflatac is taking another step forward in its drive to label a smarter future by announcing that it has developed a range of wash-off film labeling solutions for a variety of end uses that can help brands create a circular economy and also meet or even accelerate their ambitious sustainability targets. These clear, white and metalized film label stocks - featuring UPM Raflatac's RW85C wash-off adhesive and a PET liner made from 90 percent post-consumer recycled (PCR) content - have been recognized by the Association of Plastic Recyclers (APR) as exceeding their strict standards for recyclable label products. Now available in the Americas and Asia Pacific market regions, the labels are ideal for labeling PET containers in the food, beverage, home care and personal care segments. Click Read More below for additional information.

International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash. In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM (USD) in cash and is divesting other non-material residual interests associated with Ilim. With the completion of these transactions, International Paper has divested all of its ownership interests in Ilim.