Waddington Europe Offers New Punnet That’s Easier to Recycle, Uses Less Plastic

Time Magazine's exclusive list highlights companies that have made significant strides in prioritising sustainability and environmental responsibility and this prestigious recognition is testament to our commitment to sustainability, which sets us apart as a leader in the packaging sector. "This recognition from Time Magazine is a powerful validation of our Now & Next Sustainability Strategy. We continue to help our customers to transition to a low carbon, circular economy as we live our company purpose to Redefine Packaging for a Changing World.' Wouter van Tol, Head of Sustainability & Community Affairs, DS Smith.

Graphic Packaging Holding Company reported Net Income for second quarter 2021 of $38 million. This compares to second quarter 2020 Net Income of $52 million. Michael Doss, the Company's President and CEO said, "Strong demand continued across our markets in the second quarter as consumer preferences are driving conversions to our fiber-based packaging solutions. Increased consumer mobility and consumption outside of the home resulted in higher sales in our Foodservice markets up 22% year over year, while Food, Beverage and Consumer markets continued to show healthy growth of 4%. Our teams worked tirelessly to meet customer demand, and we swiftly implemented pricing actions to offset rising commodity input costs which impacted our results in the quarter. We expect to generate significantly higher Adjusted EBITDA in the second half of 2021 driven by price-cost recovery from the successful execution of approximately $400 million of implemented and recognized pricing actions, and continued momentum from organic sales growth and strong productivity. As we address the near-term inflationary headwinds, we remain unwavering in our commitment to introduce new and innovative packaging solutions across global markets supportive of the move to a more circular economy." Net Sales increased 8% to $1,737 million in the second quarter of 2021, compared to $1,611 million in the prior year period.

Volpak, a Coesia company, specialized in horizontal form-fill-seal solutions for the packaging industry, and Lecta, a premier European manufacturer and distributor of specialty papers, have embarked on a collaborative project aimed at testing and validating sustainable materials for packaging applications. The partnership between Volpak and Lecta originated from a shared commitment to innovation and sustainability. With the packaging industry moving towards more environmentally friendly solutions, it is essential for manufacturers to adapt and innovate. Lecta, with its expertise in specialty papers, recognized the importance of collaborating with Volpak to ensure that these new materials can be effectively utilized on existing packaging machinery. This collaboration aims to bridge the gap between material innovation and practical application, ensuring that eco-friendly papers meet the operational requirements of modern packaging lines.