Total U.S. Boxboard Production Decreased 2 Percent in Q1 2024

Since its launch in 2015, Mondi’s SPLASHBAG has celebrated international success – and it does not stop here: its rain resistance has tripled to up to six hours and it now prevents moisture ingress for up to five days. “We have introduced a new industry standard here for paper bags to benefit our customers,” says Claudio Fedalto, Sales & Marketing Director, Mondi Industrial Bags. “Workers can now store their cement sacks in damp environments for a whole working week without worrying about the materials getting wet.” Click Read More below for additional information.

Net sales of $1.1 billion increased 3.0% on an as reported basis. Currency had a negative impact on total net sales of 0.7%, or $7 million. As reported, net sales in North America increased 9%. Asia Pacific declined 2% while Latin America and EMEA declined 4% each. Net income from continuing operations on a reported basis was $29 million, or $0.14 per diluted share, as compared to net income from continuing operations of $2 million, or $0.01 per diluted share, in the second quarter 2016. Net income in the second quarter 2017 was unfavorably impacted by $40 million of special items, including $18 million of tax expense and $18 million of charges related the pending sale of Diversey. Special items negatively impacting the second quarter of 2017 also included costs incurred related to the sale of Diversey, and restructuring and other restructuring associated costs. Net income in the second quarter 2016 included $72 million of special items, including charges related to ceasing operations in Venezuela, restructuring charges and other costs associated with our restructuring programs, and a loss on the remeasurement of our Venezuelan subsidiaries. Click Read More below for additional detail.

The American Forest & Paper Association (AF&PA) today released preliminary 2021 data from U.S. paper and paperboard mills indicating record containerboard production, the material used to make cardboard boxes. The preliminary data indicates total containerboard production in 2021 increased 5.6 percent compared to 2020, the ninth increase in the past 10 years. “Paper products and materials like containerboard help to meet the needs of consumers seeking sustainable choices,” said AF&PA President and CEO Heidi Brock. “These are some of the most-recycled materials in the United States – in fact, more paper by weight is recycled from municipal waste streams than plastic, glass, steel and aluminum combined.”