Rengo Co., Ltd. has announced the development of a new flame- and heat-resistant sheet in collaboration with Marusan Paper Mfg. Co., Ltd.
خواندن ادامه مطلبآرشیو برچسب های: packaging paperboard
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مرداد
مرداد
Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions – Europe and North America. Billerud further appoints Andrei Krés as acting CFO, effective immediately.
Matthew Hirst, previously EVP Commercial, has been appointed President of Billerud Europe and will lead the new European organization consisting of Commercial, Operations and Procurement & Wood Supply functions. Kevin Kuznicki remains President of the North American organization.
In addition, Andrei Krés, has been appointed as acting CFO and will be part of the Group Management Team. Andrei Krés holds a bachelor’s degree in business and economics from Lund University and has held various positions in Billerud, most recently as the Vice President of the Group Finance function.
Billerud is one of the leading manufacturers of packaging paper made from virgin fibers.
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مرداد
مرداد
Rayonier Advanced Materials Inc. (RYAM) reported a net loss of $۱۷ million, or $(۰.۲۶) per diluted share, for the quarter ended July 1, 2023, compared to a net loss of $۲۳ million, or $(۰.۳۶) per diluted share, for the prior year quarter. Loss from continuing operations for the quarter ended July 1, 2023 was $۱۶ million, or $(۰.۲۴) per diluted share, compared to a loss from continuing operations of $۲۵ million, or $(۰.۳۹) per diluted share, for the prior year quarter.
“Results for the Q2 reflected shifting market conditions across several key end markets. Despite facing volume pressure due to destocking in certain areas of our Cellulose Specialties and Paperboard businesses, we successfully increased prices by 13% and 4%, respectively, from the previous year, demonstrating our commitment to prioritizing value over volume. Moreover, we are experiencing downward pressure on commodity prices across all our segments, which intensified during the quarter. We are reacting by taking downtime at our High-Yield Pulp plant to reduce costs, minimize losses and monetize inventories. We are also reviewing strategic options with respect to our non-fluff High Purity Cellulose commodity businesses, specifically including viscose and paper pulp products,” said De Lyle W. Bloomquist, RYAM’s President and CEO.
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مرداد
مرداد
Graphic Packaging Holding Company has entered into a definitive agreement to acquire Bell Incorporated, a well-capitalized U.S. packaging provider. The proposed acquisition is expected to add approximately $200 million in sales, $30 million in Adjusted EBITDA and will support strategic priorities of increasing integration rates and expanding customers and categories. Annual synergies of approximately $10 million are expected within 24 months of closing. The transaction includes three well-capitalized packaging facilities in the Midwest that consume 95,000 tons of paperboard annually.
The transaction is expected to close in the Q4 2023, subject to regulatory approvals and other customary closing conditions.
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