Stora Enso has completed the divestment of Bulleh Shah Packaging in Pakistan

Increasing consumer preference for healthy, convenient, zero-calorie beverages are expected to drive revenue growth of the Brazil flavored water market by 7.3% CAGR through 2024. In response, Eklo Water, based in Rio de Janeiro, has partnered with Crown Embalagens Metálicas da Amazônia S.A. (Crown Brazil), a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), to introduce the first flavored water to be packed in aluminum beverage cans to the Brazilian market. “It is clear that Brazilians want healthy, flavorful alternatives to teas, soft drinks and sugary beverages,” said Fabio Nono, Co-Owner of Eklo Water. “Our flavored water meets that demand and sleek style beverage cans are the perfect format to market them in. While we originally launched the drink in cartons, we transitioned to sleek style beverage cans as we are seeing consumers display an increased preference for package attributes such as portability, eye-catching design and overall durability.” Click Read More below for additional information.

International Paper has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. The terms of the transactions were not disclosed. Corrugated packaging is a strategic business for International Paper in EMEA and offers customers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments. The two businesses will become part of International Paper effective April 1, 2021.

Second Quarter Highlights and other notable items: *Net sales of $5.3 billion *Net loss of $2.0 billion, included a $1.9 billion pre-tax, non-cash goodwill impairment and $445 million of pre-tax restructuring and other costs; Adjusted Net Income of $198 million *Results negatively impacted by $58 million due to economic downtime, as well as a $40 million increase in non-cash pension costs year-over-year; our U.S. qualified and non-qualified pension plans remain overfunded *Loss per diluted share of $7.85 and Adjusted Earnings per Diluted Share of $0.77