Stora Enso prepares to sell parts of its forest assets in Sweden

UPM Specialty Papers presents the latest innovative additions to its extensive selection of sustainable and recyclable packaging papers. UPM Confidio™ and UPM Confidio™ Pro combine moisture-, and grease resistance with excellent heat sealing properties. This makes the materials stand out in the market and offers a concrete competitive edge. In building a future beyond fossils, UPM Specialty Papers provides the packaging industry with innovative and renewable solutions from sustainably managed forests. Known for its high expertise in technically demanding papers and cutting-edge solutions, UPM Specialty Papers adds heat sealable products to UPM’s wide packaging product portfolio. This ground-breaking feature allows for a streamlined conversion process and an accelerated time-to-market. Made from renewable fibres, UPM Confidio and UPM Confidio Pro are repulpable and designed to be recycled in regular fibre recycling streams.

Food packaging is incredibly important to our day-to-day lives but pressing sustainability issues mean that alternative materials are becoming a requirement rather than an option. The next time you’re in a grocery store imagine that food packaging didn’t exist. Your bananas and oranges don’t need packages, but buying milk or flour is suddenly a whole lot more complicated. Many foods wouldn’t be available at all, because they wouldn’t remain fresh. Food packaging is extremely important to our modern lives and plays a critical role in both the safety and sustainability of our food supply. Food packaging must be a good marketer so that people want to buy the product. It must also be cost-effective. Increasingly, people demand sustainable packaging. Perhaps most importantly, packaging must be a protector, so the food remains safe.

Net sales were $1.8 billion in the second quarter of 2022, up from $1.7 billion in the prior year quarter. Unfavorable foreign currency translation impacted sales by $95 million and $11 million of lower sales was due to divestitures. Higher average selling prices contributed $208 million to sales. Shipments (in tons, excluding divestitures) improved approximately one percent while sales declined $1 million due to the net effect of higher sales volume and a slightly unfavorable change in mix. Other sales improved $17 million driven by higher machine part sales. Segment operating profit was $257 million in the second quarter of 2022 compared to $232 million in the prior year quarter.