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آرشیو برچسب های: Consumer Packaging

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Graphic Packaging appoints Mark Connelly as new SVP

منتشرشده در by Maxwell
16
دی

Graphic Packaging Holding Company, a leading provider of consumer packaging, today named Mark Connelly Senior Vice President, Investor Strategy and Development. This new role augments Graphic Packaging’s outreach capability with an aim to expand and diversify the company’s investor network globally.

Connelly brings more than 20 years of experience as a securities analyst and strategy consultant. He will report to Graphic Packaging’s Chief Financial Officer Stephen Scherger and work closely with Melanie Skijus, who will continue to lead the company’s investor relations function.

“In the past several years, we dramatically reshaped our company to offer a full spectrum of sustainable packaging for consumers’ everyday needs, both at home and on the go,” said Michael P. Doss, President and Chief Executive Officer at Graphic Packaging Holding Company. “Mark’s perspective, rooted in more than two decades of critical industry analysis, will help us fine-tune and extend the reach of this exceptional value creation story.”

 

 

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Rottneros invests in Blue Ocean Closures

منتشرشده در by Maxwell
27
آذر

Rottneros AB, one of the world’s leading suppliers of first-class market pulp, is now investing inBlue Ocean Closures and becomes a co-owner of the Swedish start-up, developing proprietaryfiber-based packaging materials.

Since just two years, Blue Ocean Closures AB has developed technology to produce fiber-based closures for consumer packaging at large scale, aiming to replace current plastic solutions on a global market. The innovative technology and material have potential for many more high volume use cases and making an impact in terms of reducing plastic pollution and its climate effects.

– “Blue Ocean Closures is leading the way in a very exciting new field with their vacuum press forming technology. At Rottneros we see this field as complementary to our work in wet moulding and exploring the opportunities within dry processes fits very well with our market strategy” says Lennart Eberleh, CEO, Rottneros AB.

 

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WestRock Co (WRK) Reports Fiscal Fourth Quarter and Full Year 2023 Results

منتشرشده در by Maxwell
23
آبان
  • WestRock Co (NYSE:WRK) announces a net income of $110 million for Q4, with adjusted net income at $210 million.
  • Net sales reached $5.0 billion in Q4, despite a 7.7% decline from the previous year.
  • Full-year 2023 net loss reported at $1.6 billion, with adjusted net income of $778 million and consolidated adjusted EBITDA of $3.0 billion.
  • Corrugated Packaging segment Adjusted EBITDA increased by 13.0% compared to Q4 of fiscal 2022.

On November 9, 2023, WestRock Co (NYSE:WRK), a leader in sustainable paper and packaging solutions, disclosed its financial results for the fourth quarter and full fiscal year ending September 30, 2023. The company faced a challenging quarter with net sales of $5.0 billion, a decrease of 7.7% from the same period last year. Despite these challenges, WestRock reported a net income of $110 million and an adjusted net income of $210 million for the quarter. The company’s full-year 2023 results showed a net loss of $1.6 billion, significantly impacted by a $1.9 billion pre-tax, non-cash goodwill impairment and $859 million of pre-tax restructuring and other costs. However, adjusted net income for the year stood at $778 million, with consolidated adjusted EBITDA reaching $3.0 billion.

 

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Smurfit Kappa and Westrock merger deal would create the largest containerboard producer in the world

منتشرشده در by Maxwell
25
شهریور

Smurfit Kappa Group CEO Tony Smurfit said that the combination of Smurfit Kappa and WestRock is a promising and complementary deal.

The two companies signed a definitive agreement to combine in what would create a $34 billion company with 23 million tons of mill capacity and 500 converting plants focused on containerboard, as well as a large consumer packaging business. The combined companies would be the largest containerboard and boxmaking company in the world.

If the deal is finalized, the new combined company is to be called Smurfit WestRock.

“(This) combination has a lot of merit,” said Smurfit from Ireland on Sept. 12.

 

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Walki Group Partners with The Paper Lid Company to Make Recyclable Paper Lids

منتشرشده در by Maxwell
10
تیر

Walki Group, through its startup investment initiative Walki Ventures, has invested in Finnish start-up The Paper Lid Company (‘TPLC’). TPLC’s sustainable paper lid manufacturing site in Masku, Finland, is ready for scaling up production volumes supported by Walki’s material conversion and printing capabilities.

According to Walki, TPLC has developed a unique way of manufacturing high-quality recyclable paper lids. The lid fits firmly to the cup, has a pleasant touch and feel, can be custom printed and comes at a competitive price compared to plastic alternatives.

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