Smurfit Westrock has published its first Sustainability Report, marking a key milestone since the 2024 merger of Smurfit Kappa and WestRock.
خواندن ادامه مطلبآرشیو برچسب های: westrock
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خرداد
خرداد
June 4, 2024 – WestRock is making progress toward its science-based greenhouse gas targets by supporting the first of two Texas-based solar projects
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دی
دی
International Paper announces the appointment of Santiago Arbelaez as the Chairman of the Paper and Packaging Board (P+PB) Board of Directors. This leadership appointment was made by USDA Secretary Tom Vilsack and marks a pivotal moment for the organization.
As the Chairman, Arbelaez will collaborate closely with the P+PB leadership team and the eight-member Board of Directors responsible for funding the Paper & Packaging – How Life Unfolds® campaign. The campaign is a national promotion program centered around sustainability within the paper and packaging sectors.
In addition to this appointment, Arbelaez will continue serving as the Vice President of Strategy for International Paper’s Industrial Packaging business, bringing a wealth of experience and strategic insight to his role as Chairman of the P+PB Board.
اخبار خارجی
4evergreen alliance moves from guidance to action at Annual Conference: “The Pathway to Circularity”
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آذر
آذر
More than 150 people joined in Brussels and online to celebrate the 3-year anniversary of 4evergreen at a conference recognizing the alliance’s achievements so far and exploring how to maximize industry uptake of 4evergreen’s circularity toolbox.
“After three years of intense work, we have a set of resources that is open to everyone”, said Hans Wortman, 4evergreen Chair. “It is now the turn of companies, partners, and public authorities to use them and continue paving the way to Europe’s green future”.
With the Packaging and Packaging Waste Regulation being voted on the same week in the European Parliament, a highlight of the conference was a policy panel exploring how fiber-based packaging can continue to lead on sustainability and circularity in the new policy landscape.
“We are optimistic that, upon the adoption of the proposal for the Packaging and Packaging Waste Regulation (PPWR), we can collectively make it work. Acknowledging that we don’t possess all the solutions, our commitment is to stay engaged with the industry and environmental organizations. Together, we aim to identify economically efficient solutions that align with the sustainability expectations of consumers,” said Aurel Ciobanu Dordea, Director, European Commission, Directorate-General for Environment, Circular Economy.
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آبان
آبان
WestRock, a leader in sustainable fiber-based paper and packaging solutions, today announced it has entered into two virtual power purchase agreements (VPPAs) with ENGIE North America (ENGIE), a subsidiary of ENGIE S.A. and global leader in the net zero energy transition. The VPPAs are designed to add renewable energy to the U.S. energy grid and mark a step forward in WestRock’s commitment to reduce greenhouse gas emissions.
The agreements support two of ENGIE’s solar projects – Bernard Creek located in Wharton County, Texas and Chillingham Solar located in Bell County, Texas – for an aggregate of 282 megawatts (MW).
The new projects comprise one element of WestRock’s strategy to pursue a science-based target (SBT) to reduce Scope 1, 2 and 3 greenhouse gas emissions by 27.5% by 2030. Schneider Electric provided advisory services and strategy management for the WestRock and ENGIE agreements.
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آبان
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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مهر
مهر
Heidelberger Druckmaschinen AG has delivered the two longest sheetfed offset presses ever produced to leading global packaging manufacturer WestRock. The longest, delivered to WestRock’s Tczew, Poland facility, is a 42 metre, specially adapted custom configuration of a Speedmaster XL 106 with a total of 20 printing and coating units.
This record-breaking press represents a key Heidelberg business strategy: “We help our customers simplify their printing processes and boost their productivity by offering them a high level of automation and flexibility, something that is especially important at a time when the skills shortage is becoming more acute worldwide,” says Heidelberg CEO Dr. Ludwin Monz. This business strategy is increasingly paying dividends. With annual growth of approximately 2.3 percent forecast, the folding carton market is a strategic growth segment for Heidelberg.
اخبار خارجی
Smurfit Kappa and Westrock merger deal would create the largest containerboard producer in the world
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شهریور
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.
خواندن ادامه مطلب
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شهریور
شهریور
Sonoco Products Company announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC from joint venture partner WestRock and one WestRock paper mill in Chattanooga, Tennessee. The acquisition will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock.
With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this acquisition was $۳۳۰ million, subject to customary price adjustments. The Company funded the acquisition with borrowings under its existing credit facilities and cash on hand. After the transaction, the Company’s net debt to adjusted EBITDA ratio is less than 2.9x. The acquisition is expected to be immediately accretive to earnings per share, excluding the impact of purchase accounting adjustments.
Founded in 1899, Sonoco is a global provider of packaging products.
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شهریور
شهریور
Smurfit Kappa Group confirms that the boards of directors of Smurfit Kappa and WestRock Company are discussing the key terms of a potential combination to create Smurfit WestRock, a global leader in sustainable packaging.
The potential combination would be expected to involve the creation of a new holding company, Smurfit WestRock. Smurfit WestRock would be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and North and South American operations headquartered in Atlanta, Georgia. The potential combination would be effected through an Irish scheme of arrangement involving Smurfit Kappa and a merger of a subsidiary with WestRock.
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شهریور
شهریور
Pro Carton and CEPI Cartonboard recently announced that they will merge into one association under the name Pro Carton. The decision follows a 12-month period of consultation.
The final merger is expected to take place mid-2024 after all legal procedures are successfully completed.
The announcement was made at the Associations’ Annual General Meeting on 16 June 2023.
The merger will create a more effective and efficient group that has a stronger voice throughout the carton industry. This will include several new working streams, each devoted to driving synergies, improving the Associations’ representation and support it offers member organizations.
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مرداد
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.
خواندن ادامه مطلب
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مهر
مهر
WestRock Company recently announced it will permanently close the corrugated medium manufacturing operations at its St. Paul, Minnesota, recycled paper mill. The production of coated recycled board at this location will remain in operation.
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