New product development remains an essential component of Graphic Packaging’s organic growth strategy, according to Michael Doss, president and CEO, discussing the company’s Q4 2015 financial results.
Graphic Packaging International, part of Graphic Packaging Holding, has agreed to acquire Walter G. Anderson, (WG Anderson), including two converting facilities, expected to close in Q1, 2016.
A record 35 attendees from industry-related organizations in the US and Canada took part in the Paperboard Packaging Council’s (PPC) Folding Carton Boot Camp earlier this month.
Steady growth for North American folding carton market
The total value of US carton shipments is expected to reach $9.5bn by 2018 but one of the biggest concerns is increasing boxboard prices, according to the Paperboard Packaging Council (PPC).
Mondi Group has agreed a cash deal with Duropack to acquire its German and Czech Republic operations for €125m to strengthen its corrugated and containerboard position in Europe.
Cascades has announced it is to close a folding carton plant in Canada by the end of Q1 2013 as part of a restructuring operation into its Norampac division.
Fresh produce is driving volume demand for corrugated and folding cartons with an additional 2.5 million tonnes being required by 2017, according to a report from Smithers Pira.
Amcor Packaging Distribution (APD) has announced it has taken over Marfred Industries in a bid to boost its worldwide manufacturing and distribution network.
Mondi said growth in demand coupled with higher prices for its products and strong performance from its restructured operations all contributed to a 73 per cent leap in its full year operating profits.
Smurfit Kappa Group (SKG) announced its revenue dropped by 14 per cent to €6.1bn in 2009 after a “significant collapse in market demand and pricing” during the year.
Graphic Packaging Co. and Altivity Packaging this week agreed to
merge, combining operations to become a paperboard packaging
supplier with $4.4bn in sales worldwide.
Faced with tough market conditions and mounting losses, Graphic
Packaging said yesterday it will close its Centralia, Illinois
laminations plant in the third quarter of 2005 and raise prices for
its board and resin products.
As part of its business development strategy in India, the
paperboards division of ITC has taken the initiative to create an
awareness among domestic consumers to safely package food products
from indigenous sources.
Caraustar Industries, the US-based recycled packaging company,
announced that it will raise prices for its entire tube and core
product line by up to 8 per cent. The increase will apply to all
shipments from 24 June 2002.
Longview Fibre Company, the US-based packaging provider, has
announced that its net profits fell to $15,000 (€16,000) for its
second fiscal quarter ending on April 30, compared with $4.4
million, the previous year.
