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آرشیو برچسب های: Sustainable Paper

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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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Mondi makes mulching more sustainable with Cotesi, replacing unnecessary plastic with paper

منتشرشده در by Maxwell
14
مهر

Mondi, a global leader in sustainable packaging and paper, is helping farmers grow their crops, having partnered with Cotesi, a producer of twine, nets and ropes made from synthetic and natural raw materials for the agricultural sector, to replace conventional plastic mulch film with a paper solution, Advantage Kraft Mulch.

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Sofidel America unveils Nicky Elite brand with new mascot

منتشرشده در by Maxwell
02
شهریور

Sofidel, a prominent global supplier of hygienic and household paper, has unveiled its renowned European brand, Nicky, to U.S. consumers. Marking a significant milestone, Nicky Elite becomes the inaugural household paper product line manufactured in the United States with a focus on sustainable paper packaging.

 

Fabio Vitali, VP of Marketing at Sofidel America, elaborated, “Nicky Elite holds the distinction of being the first U.S.-made household paper brand that embraces renewable, recyclable, and biodegradable paper packaging. This innovative approach empowers consumers to easily recycle the packaging through local curbside recycling programs. It’s a testament to our unwavering commitment to crafting sustainable paper products and curbing the use of single-use plastics.”

 

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WestRock Announces Plans to Close Pulp and Paper Mill in Tacoma, Washington

منتشرشده در by Maxwell
17
مرداد

WestRock today announced it will permanently cease operating its paper mill in Tacoma, Washington, and will conclude production by September 30, 2023.

WestRock is committed to improving its return on invested capital as well as maximizing the performance of its assets. The combination of high operating costs and the need for significant capital investment were the determining factors in the decision to cease operations at the mill.

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New Leaf Paper acquires Arnold Grummer’s

منتشرشده در by Maxwell
16
تیر

New Leaf Paper, Inc has acquired Arnold Grummer’s LLC. The Wisconsin-based company distributes nationwide as the preferred supplier of hand papermaking kits.

Arnold Grummer’s will remain in Wisconsin, with headquarters moving to New Leaf Paper in Appleton. Oversight of Arnold Grummer’s will move forward with Paul Bradshaw as President and Sabrina Schwietzer as Executive Vice President, both from New Leaf Paper, with transition support from Kim Grummer.

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