The fibre side streams of Metsä Board’s Tako paperboard mill are set to benefit nearby farms

Sealed Air Corporation announced that it is implementing a price increase of 2.5 – 5.0% for the majority of its Food Care division’s products in Europe, Middle East and Africa with the exception of Switzerland and the United Kingdom who received price increases earlier in the year. The increase will be effective January 1, 2018. “The price adjustment is the result of escalation of notable increases in the Company’s raw materials costs including a 19% rise in the price of polyethylene, a 16% rise in nylon and a 35% rise in polystyrene as well as other non-materials costs such as power, labor and transportation in the range of 1-4%,” said Karl R. Deily, President of Sealed Air Food Care division. “Despite the necessary price changes, we are working to minimize the impact to our customers while delivering them the same high level of value and innovation.” The price changes include an increase on all shrink bags, rollstock products, food films and vertical pouch packaging.

Mactac® Engineered Tapes & Laminates announces the launch of two Macbond® industrial tape product lines — Macbond® 481 Series Tapes and Macbond LS55 Series Tapes. Macbond 481 Series Tapes have a high-performance, high-strength, UL-recognized acrylic adhesive that delivers excellent shear and ultimate bond to medium or high surface energy materials. The series offers high temperature performance and layflat release liners for easy converting. Macbond 481 Tapes are available in transfer or double-sided (sheet or roll) format with a 1-mil, 3-mil or 5-mil PET carrier. Macbond LS55 Series Tapes feature a high-tack acrylic adhesive with excellent temperature resistance. The tapes are available as 2-mil or 4-mil transfer adhesives and are accompanied with a 60# PCK release liner. The Macbond LS55 Series stands out for its superior performance on low surface energy materials or other difficult-to-adhere-to substrates, including foam.

Third quarter 2024 net income (loss) was $(3.9) million ($(0.11) per diluted share) compared to $(50.4) million ($(1.47) per diluted share) in the third quarter of 2023. Net income (loss) from ongoing operations, which excludes special items, was $0.2 million ($0.01 per diluted share) in the third quarter of 2024 compared with $(5.1) million ($(0.15) per diluted share) in the third quarter of 2023. John Steitz, Tredegar’s president and chief executive officer, said, "Our ongoing operations for the third quarter were disappointingly at the break-even level due to low profitability at Bonnell Aluminum from unfavorable cost events, including manufacturing inefficiencies. On the favorable side, net new orders were up 7% over the second quarter but with margin pressures from imports and excess industry capacity." Mr. Steitz continued, "Regarding the trade case brought by a coalition of aluminum extruders and the United Steelworkers against 14 countries, we were very disappointed by the split negative vote by the U.S. International Trade Commission and the surprising recusal of one of its members. The USITC decision on October 30 indicated that it believes the industry was not materially injured by reason of the subject imports, despite preliminary determinations by the U.S. Department of Commerce of pricing below fair value and receiving unfair subsidies. The coalition is evaluating next steps for challenging the decision."