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آرشیو برچسب های: Containerboard Packaging

AF&PA Releases Q3 2023 containerboard quarterly report

The American Forest & Paper Association (AF&PA) released its Q3 2023 Containerboard Quarterly report. According to the report, total Containerboard production in the third quarter of 2023 decreased 1% when compared to Q3 2022 and was down 8% compared to the same 9 months last year. Highlights include:

  • Operating rates for all major grades decreased compared to Q2 2023 while total production was up 4.2%; Q3 has one more production day than Q2.
  • Total production for export was up 16.2% from Q2 2023 and also up 16.3% from Q3 2022, though it was 10.7% lower year-to-date.
  • New supply of containerboard (domestic production plus imports) increased for the third consecutive quarter but was still down 7.1% year-to-date.
  • Mill inventories ended the quarter at 370,500 short tons, 11.6% lower than at the end of Q3 2022.
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Dunapack Packaging completes take-over of Scatoloficio La Veggia in Italy

Prinzhorn Group’s Dunapack Packaging has completed the take-over of the corrugated packaging plant Scatoloficio La Veggia s.p.a. located in Roteglia, Italy. The plant has a production capacity of 200 million sqm annually with around 140 employees. Prinzhorn Group had announced its strategic long-term interest in Italy in 2022.

Max Hölbl, Managing Director for Prinzhorn Holding and the Division Packaging, said: “With the entry into the 2nd largest corrugated market in Europe, we are adding an important piece to our strategic goals. We are very much looking forward to serving international as well as local customers with the best of our proven service quality, benefitting from our integrated business model with internal paper supply by the Hamburger Containerboard Division. With the company Scatoloficio La Veggia s.p.a., we are taking over a good asset base and well trained people, which we cordially welcome to our Group.”

The Prinzhorn Group is a European market leader in the packaging, paper and recycling industries.

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Stora Enso Announces Restructuring Measures, Including Closures and Employee Cuts

Stora Enso is planning to restructure actions to strengthen the Group’s long-term competitiveness, improve profitability and focus capital allocation in strategic growth markets. Stora Enso is also taking the next step in driving a decentralised operating model targeting increased customer centricity, business focus and cost reductions.

The planned restructuring actions, combined with previously initiated negotiations in the Packaging Materials division, would result in total reductions of approximately 1,150 employees.

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