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آرشیو برچسب های: containerboard production

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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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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Packaging Corporation of America’s Q1 net sales down 7.5%

Packaging Corporation of America reported Q1 2023 net income of $۱۹۰ million, or $۲.۱۱ per share, and net income of $۱۹۸ million, or $۲.۲۰ per share, excluding special items. Q1 2023 net sales were $۲.۰ billion in 2023 and $۲.۱ billion in 2022.

In the Packaging segment, total corrugated products shipments and shipments per day were down 12.7% compared to the Q1 2022. Containerboard production was 1,086,000 tons, and containerboard inventory was down 36,000 tons from the Q1 2022 and up 6,000 tons compared to the Q4 2022. In the Paper segment, sales volume was down 23,000 tons from the Q1 2022 and down 6,000 tons compared to the Q4 2022.

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