Total U.S. Containerboard Production Decreased 5 Percent in Q4 2022 (AF&PA)

Further to the announcement made on 5 January 2021, Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper for a total consideration of €66 million. The implied enterprise value on a 100% basis would amount to around €88 million. Olmuksan is a leading and well-established corrugated packaging player in Turkey, listed on the Istanbul stock exchange. Its network of five plants provides a diverse customer base with high-quality sustainable packaging for food, beverage, agriculture and industrial applications. "We are delighted to have completed this acquisition, which significantly strengthens our position in the fast-growing Turkish corrugated market and expands our offering to existing and new customers in the region. We look forward to welcoming the Olmuksan team to Mondi." Andrew King, Group Chief Executive Officer of Mondi.

Sonoco-Alcore S.a.r.l. announced it will raise prices for paper-based tubes and cores by 7%. The increases will be applied individually and depending on product category, effective from shipments beginning on 18th, January 2021. “These adjustments are critical to manage continued increases in cost across the business. To date, we have absorbed these costs by further manufacturing footprint optimisation and supply chain activities, but with continued inflation, we must now pass this on to our customers. To secure materials, we must act quickly so we can maintain the strong supply chain our customers need and value from Sonoco,” said Karsten Kemmerling, Director of Sales and Marketing – Tubes and Cores, Europe.

Evergreen Packaging® unveiled Sentinel™ Barrier Cupstock, a new retail packaging offering in the company’s Sentinel™ line of fiber-based products. Sentinel™ Barrier Cupstock is designed as a sustainable alternative to existing foil-lined paper cups and polypropylene cups. Potential end uses for Sentinel Barrier Cupstock include barrier cups to hold cereal, cookies, candy and other snacks. “As demand for sustainable packaging continues to rise, we’re committed to innovating our product lines to introduce new, cost-effective options to the food service and retail packaging industries,” said Chris Johns, Vice President of Paperboard Sales at Evergreen Packaging. “Our new Sentinel™ Barrier Cupstock leverages our deep barrier technology expertise to provide customers with a high performance, sustainable packaging option for the retail food cup market.” Click Read More below for additional detail.