Billerud’s European production of packaging materials is the first to be third-party assessed as 100% recyclable, according to EU legislation proposed for 2030. This reinforces Billerud as a world leader in sustainable packaging.
The standards proposed by the coming Packaging and Packaging Waste Regulation (PPWR) are high, but Billerud has been meeting high standards for many years. This is why we reached the goal seven years in advance and are the first in the world to do so. Whatever type of 100% recyclable paper or packaging material you need, contact our team to achieve your sustainability goals. Together, we will customize a solution with tomorrow in mind!
https://www.billerud.com/about-us/sustainability/go-sustainable/recyclability?utm_campaign=Brand%20-%20Sustainability%20-%202023&utm_medium=email&_hsmi=281392361&_hsenc=p2ANqtz-8u-qFnasBlJyox_NowzcgldxTg0y-UJgDkTp64iVAYG-w6n4t-8oWe3ya_YEBxeHWvTZVO48gsEFRlu-h9YJTv2DEGNg&utm_content=281082325&utm_source=hs_email
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International Paper announced it has entered into an agreement with The Prudential Insurance Company of America (NYSE: PRU) to purchase a group annuity contract and transfer approximately $1.3 billion of International Paper's U.S. qualified pension plan projected benefit obligations.
The transaction will be funded with pension plan assets, and at the end of 2017, Prudential will assume responsibility for pension benefits and annuity administration for approximately 45,000 former employees or their beneficiaries receiving less than $450 in monthly benefit payments from the plan. The transaction is expected to close on October 3, 2017, subject to customary closing conditions. Click Read More below for additional detail.
Norbord Inc. reported Adjusted EBITDA of $170 million for the first quarter of 2018 versus $103 million in the first quarter of 2017 and $204 million in the fourth quarter of 2017. The year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. The quarter-over-quarter decrease is due to lower North American OSB price realizations and shipment volumes. North American operations generated Adjusted EBITDA of $156 million compared to $102 million in the same quarter last year and $195 million in the prior quarter. European operations delivered Adjusted EBITDA of $18 million versus $6 million in same quarter last year and $12 million in the prior quarter. Click Read More below for additional information.