Total U.S. Packaging Papers & Specialty Packaging Shipments Decreased 13 Percent in December 2022

The MM (Mayr-Melnhof) Group has appointed Päivi Suutari (58, M.Sc.) as the new Managing Director of MM Kotkamills. She will start in her role on 1.10.2021. Päivi Suutari has worked for more than 30 years in the Cartonboard and Packaging industry (Stora Enso, Huhtamaki) and brings a wealth of experience leading businesses and people in several countries in Europe and Asia. She joined Kotkamills in 2019 as Vice President for Research, Development and Innovation and has played a key role in advancing the company’s development and innovation activities.

Summary: *Achieved GAAP net income attributable to Sonoco of $91 million, Adjusted EBITDA of $262 million, diluted earnings per share of $0.92 and diluted Adjusted earnings per share of $1.28 *Generated strong productivity of $51 million during the second quarter and $102 million during the first half of 2024 *Generated $275 million of operating cash flow and $96 million of Free Cash Flow during the first half of 2024 *Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately $3.9 billion; expected to be completed in the fourth quarter of 2024. “Sonoco delivered solid second quarter results with sequential growth in adjusted EBITDA and EPS,” said Sonoco’s President and CEO, Howard Coker. “While the pace of Consumer volume recovery remains muted, we were pleased to see low single digit organic volume improvements in Industrials. Importantly, productivity was $51 million in the second quarter bringing our first half 2024 total to $102 million, well ahead of our full year outlook. Our assertive actions to improve productivity from value creating capital and portfolio simplification has continued to yield results. In addition, we continued executing on our disciplined and dynamic capital deployment strategy by investing in capital and innovation projects while returning capital to shareholders.”

Intertape Polymer Group is proud to announce the exclusive distribution partnership in the US and Canada with IMA Group, a world leader in the design and manufacture of automatic packaging machines. IMA Group established a new IMA E-COMMERCE Division, specifically dedicated to the e-commerce market in response to the increasing demand for online shopping and growing importance of that segment in today's economy.