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WestRock Plans to Invest $410m at Kraft Linerboard Mill in US
Nov 22, 2017US-based paper and packaging solutions provider WestRock plans to invest $410m at its kraft linerboard mill in Florence, South Carolina, US. The two-year investment plan will see installation of a 330” kraft linerboard machine and ...
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Packaging Corporation of America's Net Sales Increases in Third Quarter of 2017
Oct 27, 2017Packaging Corporation of America has reported third quarter 2017 net income of $139m or $1.47 per share and $1.68 per share excluding special items. Third quarter net sales were $1.6 billion in 2017 and $1.5 billion in 2016. Special ...
Tags: Packaging, Special items
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Xerium Unveils New Press Felt Technology for Packaging and Containerboard Machines
Oct 18, 2017Xerium Technologies has launched new portfolio of press felt technology, Maximus, designed for machines producing containerboard, packaging, and graphical paper grades. The Maximus press felt technology portfolio feature single-base ...
Tags: Xerium, Containerboard Machines, Packaging
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International Paper to Invest $300m to Convert Riverdale Paper Machine in Alabama, US
Sep 26, 2017International Paper (IP) has unveiled plans to invest around $300m to convert its No. 15 paper machine at the Riverdale Mill in Selma, Alabama, US. The company will convert the paper machine from uncoated freesheet to whitetop linerboard ...
Tags: International Paper, paper machine
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DS Smith to Open New Rigid Packaging Facility in US
Sep 21, 2017DS Smith Plastics is set to open a new rigid packaging manufacturing facility in Romeoville, Illinois, US. The company intends to start production at the new rigid packaging facility in the last quarter of this year. DS Smith will use ...
Tags: Smith Plastics, Rigid Packaging
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DS Smith Acquires 80% Stake in Interstate Resources
Aug 31, 2017UK-based corrugated cardboard maker DS Smith has completed acquisition of a 80% stake in American packaging firm Interstate Resources from Merpas for $835m. DS Smith holds the option to buy out the remainder 20% stake in Interstate ...
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Packaging Corporation of America to Purchase Assets of Sacramento Container
Aug 28, 2017Packaging Corporation of America (PCA) has agreed to purchase all assets of Sacramento Container and acquire 100% membership interests of Northern Sheets and Central California Sheets for $265m. As per the agreement, PCA will take over ...
Tags: Packaging, Sacramento Container
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Ds Smith to Exhibit E-Commerce Packaging Solutions at German Event
Jul 12, 2017UK-based corrugated cardboard maker DS Smith is set to showcase e-commerce packaging solutions at Deliver #2 event in Germany. Deliver #2, which will take place on 27 and 28 June in Berlin, is an event that will bring together online ...
Tags: corrugated cardboard, Packaging
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DS Smith Proposes to Buy Interstate Resources for $920m
Jul 5, 2017UK-based corrugated cardboard maker DS Smith has signed a conditional agreement to acquire a majority stake in US packaging firm Interstate Resources from Merpas for $920m. DS Smith and its US subsidiary DS Smith Holdings have signed the ...
Tags: corrugated cardboard, packaging
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Packaging Corporation of America's Net Sales Increases in Q1 2017
May 2, 2017Packaging Corporation of America has reported first quarter 2017 net income of $117m or $1.24 per share and $1.27 per share excluding special items. First quarter net sales were $1.5 billion in 2017 and $1.4 billion in 2016. Reported ...
Tags: Packaging, special items
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Metsa Board Adds New Extrusion Coating Line in Sweden
Apr 28, 2017Finnish paper and pulp firm Metsa Board has invested €38m in a new extrusion coating line at its paper mill in northern Sweden. The new line at the company’s Husum mill is now producing initial orders. It has an annual capacity ...
Tags: paper mill, pulp
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Rengo Buys 80% Stake in Indonesian Corrugated Packaging Firm
Apr 26, 2017Thai Containers Group (TCG), a joint venture between Rengo and SCG Packaging Public Company, has acquired an 80% interest in PT Indocorr Packaging Cikarang. PT Indocorr, which operates in eastern Jakarta, produces corrugated packaging ...
Tags: Rengo, Corrugated Packaging
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Sonoco Reports First Quarter Results for 2017
Apr 24, 2017Sonoco, one of the largest diversified global packaging companies, has reported financial results for its first quarter, ending 2 April 2017. First Quarter Highlights First quarter 2017 GAAP earnings per diluted share were $0.53, ...
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Xerium Introduces New Transform Fabrics for Paperboard and Packaging Machines
Dec 13, 2016Xerium Technologies has introduced new TransForm, a new generation of forming fabrics for paperboard and packaging machines. TransForm technology can be used for machines, which will produce paperboard, containerboard, ...
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Corrugated Board Packaging Market to Reach $269bn in 2021, Says Smithers Pira
Nov 17, 2016According a new report from Smithers Pira, corrugated board packaging market to reach $269bn in 2021, though the annual growth rate is expected to decrease to 3.6%. Growth in demand for corrugated board packaging is showing signs of a ...
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