Industry News

West Fraser Timber Co. Ltd. announced third-quarter results for 2024, reporting a loss of $83 million compared to a $105 million profit in the second quarter. The company's sales fell to $1.437 billion, marking a 16% decline from the prior quarter's $1.705 billion. Adjusted EBITDA stood at $62 million, down from $272 million in the second quarter​​.

UPM Specialty Papers and Michelman have co-created three cutting edge solutions that are designed to allow brand owners to replace multi-material, non-recyclable packaging with paper-based alternatives that meet their requirements for food contact and recyclability.

International Paper is championing water conservation through an educational outreach program. We are partnering with local schools in our communities to foster awareness and instill a sense of responsibility towards this precious resource. At the heart of this initiative is our Water is Wonderful curriculum, which we developed to educate 1st through 3rdgrade students on what it means to be a good steward of the water we have.

uad/Graphics, Inc., a global marketing experience (MX) company, announced that it has entered into a definitive agreement to sell the majority of its European operations for €41 million (approximately $45 million) to Germany-based entrepreneurial private capital investment manager Capmont GmbH.

Berry has set a record date of the close of business on November 1, 2024 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business.

Partnership aims to attract and cultivate the next generation of diverse tradespeople in forestry and manufacturing.

Kimberly-Clark on Tuesday cut its annual organic net sales forecast after missing Wall Street estimates for third-quarter sales, as consumers swap its pricier personal care goods for cheaper alternatives.

Third quarter net sales were $2.2 billion in 2024, up from $1.9 billion in 2023.

The first results of the Natural Resources Institute Finland on the forests of Metsä Group's owner-members demonstrate the need for new initiatives that increase biodiversity. According to indicators, biodiversity in forests has developed both positively and negatively over the past decades.

The Company intends to use the net proceeds of the Offering, along with cash on hand, to redeem $300 million in principal amount of its currently outstanding 5.500% senior notes due 2026 (the "2026 Senior Notes").

Södra is taking action to strengthen conditions for family forestry and to develop its member offer. On 21 October, prices were raised for saw logs and small-diameter sawable ranges, and a new tool is being introduced to increase security for forest owners. Södra is also taking further steps to improve transparency in the wood market.

In addition to having its safest year ever, more than 94% of Amcor's flexible packaging portfolio by area had a recycle-ready solution available, and 95% of rigid packaging by weight was recyclable in practice and at scale.

The EIFS Industry Members Association (EIMA) is pleased to announce that Georgia-Pacific Building Products has rejoined the association as its newest associate member.

Essity disputes the demand.

The company attributed the decline primarily to "more planned maintenance shuts" and a forestry fair value loss. This was in addition to softer seasonal demand and higher input costs, it said.

Metsä Board, a leading European producer of premium fresh fibre paperboards, has developed a multipurpose, space-saving promotional packaging for HejBuddy, a Finnish cosmetics brand. Offering flexibility and luxury appeal, the new lightweight packaging is made of micro-flute corrugated board using Metsä Board's white kraftliner.

This summer, UPM's Stream Water Programme funded the removal of two fish migration barriers in Finland. The old dams were dismantled, and the riverbeds were restored.

The arbitration relates to Metsä Fibre's bioproduct mill in Kemi, Finland, which started operations in September 2023.

UPM-Kymmene lowers its full-year 2024 forecast and now predicts that comparable operating profit will be in line with, or increase, compared to 2023.

Sappi Europe recently announced that it has now joined Intergraf's group of 22 national member associations and 15 associate members across 25 countries, which will further its role in promoting the European print industry.

Pioneering Better Planet Packaging tub for Quality Street to make its debut in Tesco this week.

Metsä Group's tissue paper business, Metsä Tissue, has closed the window for entering the 2025 Sustainability Awards.

Pregis® is expanding its dedication to making a positive global impact through its Inspyre product line and continued focus on social responsibility. At the heart of the Pregis Purpose is the drive to protect what matters, preserve the planet, and 'inspyre' change--a purpose that extends well beyond packaging.

Suzano, the world's leading market pulp producer, announced new applications of its sustainable bio-based materials in China at the Suzano Bioeconomy Forum in Shanghai.

Antalis has signed a binding agreement to acquire Plaesa in Spain, a specialist of technical packaging and conversion of made-to-measure packaging solutions.