Sustainable Packaging

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Graphic Packaging to Present at Jefferies Industrials Conference on September 3
Prnewswire· 2025-08-20 20:15
ATLANTA, Aug. 20, 2025 /PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK) ("Graphic Packaging"), a global leader in sustainable consumer packaging, today announced that Michael P. Doss, President and Chief Executive Officer, will present at the Jefferies Industrials Conference on Wednesday, September 3rd at 8:50am ET.The presentation will be available live and in replay via webcast. The archived webcast can be accessed from the Graphic Packaging website at https://investors.graphicpkg.com/.Conta ...
Crown Holdings(CCK) - 2025 Q2 - Earnings Call Transcript
2025-07-22 14:00
Financial Data and Key Metrics Changes - Earnings for the quarter were $1.81 per share compared to $1.45 per share in the prior year quarter, with adjusted earnings per share at $2.15 compared to $1.81 in the prior year quarter [3] - Net sales increased by 3.6% compared to the prior year quarter, primarily due to higher shipments in North American Beverage and European Beverage [3] - Free cash flow improved to $387 million from $178 million in the prior year, reflecting higher income and lower capital spending [4] Business Line Data and Key Metrics Changes - Global Beverage segment income advanced 9% in the quarter, following a 21% improvement in the prior year's second quarter [7] - Americas Beverage reported a 10% increase in segment income, with North American shipments advancing 1% and Brazil showing 2% growth [8] - North American food demand increased by 9% in the second quarter, driven by strong vegetable volumes, leading to a 150% improvement in income in the other segment [10] Market Data and Key Metrics Changes - In Asia Pacific, income declined as Southeast Asian market volumes were down high single digits compared to the prior year, impacted by tariffs affecting consumer confidence [9] - European Beverage unit volumes advanced 6%, contributing to record income across the region [8] Company Strategy and Development Direction - The company is raising its guidance for the full year adjusted EPS to a range of $7.1 to $7.5 per share, reflecting strong performance and potential impacts from tariffs [4] - The company is focused on returning cash to shareholders while maintaining a healthy balance sheet, with net leverage expected to be approximately 2.5 times by the end of 2025 [5] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential impacts of tariffs on consumer and industrial activity, but noted strong performance in the first half of the year [4] - The outlook for Europe remains positive, with expectations for continued growth driven by sustainable packaging needs [25] Other Important Information - The company expects to maintain a strong balance sheet and continue returning cash to shareholders, with a focus on capital projects that support growth [52] - The restructuring charge of approximately $40 million was primarily due to asset write-downs in a Chinese plant and severance costs in Signode [35] Q&A Session Summary Question: Expectations for segments in Q3 - Management indicated that while Q3 comparisons are challenging, they expect improvement in European beverage and North American food, with Americas beverage performance likely to be flat compared to last year [14][15] Question: Strength in non-reportable segments - Management noted that strength in non-reportable segments is due to investments in the North American food business and easier comparisons from last year [18] Question: Customer conversations regarding market tightness in Europe - Management remains bullish on the need for more cans in Europe, driven by sustainable packaging trends, despite potential soft spots [24] Question: Restructuring charge details - The restructuring charge was primarily due to asset write-downs and severance costs, with expectations for benefits to materialize in the future [35] Question: Impact of tariffs on beverage can volumes - Management stated that they do not see significant destocking or direct tariff impacts in Europe, but are cautious about the overall economic environment [41] Question: Capital deployment priorities - The primary goal is to increase returns to shareholders, with a focus on supporting customer needs and growth opportunities [51] Question: Demand softness in the U.S. due to immigration enforcement - Management noted that despite political and economic noise, can demand remains strong, with beverage units in cans up 4.5% [58] Question: Sustainability of margins in North America - Management indicated that while margins are currently strong, continuous improvement efforts are ongoing to maintain and enhance profitability [109]
Sonoco Announces $30 Million Capital Investment to Expand Adhesives and Sealants Market Capacity
Globenewswire· 2025-07-15 12:30
Core Viewpoint - Sonoco Products Company announces a $30 million capital investment to expand production capacity in the adhesives and sealants market, adding 100 million units of annual capacity to meet growing market demands [1][6]. Investment Details - The investment will enhance existing production lines and install new ones, demonstrating Sonoco's commitment to innovation and customer satisfaction [2]. - The expansion will be distributed across three strategically located facilities to enhance supply chain resilience and ensure reliable access to materials for customers [3]. Market Positioning - Sonoco aims to support evolving customer needs by investing in the latest technology and production efficiencies, reinforcing its position as a trusted partner in the adhesives and sealants market [3][6]. - The company is recognized as a leader in the packaging industry, committed to providing high-quality, efficient, and sustainable solutions as demand for adhesives and sealants continues to grow [6]. Community Impact - Local officials highlight the positive impact of Sonoco's investment on the regional economy, emphasizing the importance of supporting businesses that diversify the economy [4]. - The Orlando Economic Partnership expresses commitment to assist Sonoco in its expansion efforts, showcasing the region's ability to attract investment and create jobs [5]. Company Overview - Founded in 1899, Sonoco is a global leader in sustainable packaging with approximately 23,400 employees across 285 operations in 40 countries, serving well-known brands [7]. - The company is recognized for its commitment to innovation and operational excellence, aiming for a sustainable future [6][7].
Sonoco To Report Second Quarter 2025 Results
Globenewswire· 2025-07-01 11:30
Company Overview - Sonoco Products Company is a global leader in high-value sustainable packaging, founded in 1899 [4] - The company operates in 285 locations across 40 countries, employing approximately 23,400 people [4] - Sonoco focuses on value-added, sustainable metal and fiber consumer and industrial packaging [4] - The company was recognized as one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [4] Upcoming Earnings Announcement - Sonoco will announce its second quarter 2025 results on July 23, 2025, after market close [1] - A conference call to discuss these results is scheduled for July 24, 2025, at 9:00 a.m. Eastern Time [1][3] - A live audio webcast of the call will be available on the Sonoco Investor Relations website, with a replay accessible for at least 30 days [2]
Amcor and Cofigeo partner to create multi-compartment tray designed for convenience and sustainability
Prnewswire· 2025-06-24 13:45
Core Insights - Amcor has developed a bespoke three-compartment ready meal tray for Cofigeo's new range of single-serve ambient microwaveable meals, aligning with sustainability commitments [1][2] - The tray is designed to meet recycling guidelines and is made from lightweight mono-material polypropylene, suitable for France's recycling infrastructure [1][4] Product Details - The trays will package five distinct recipes from the William Saurin Mon Trio Gourmand range, featuring meat or fish, starchy food, and vegetables, allowing consumers to choose whether to mix the components [3] - The design includes different sized compartments to accommodate various ingredient sizes, textures, and densities while ensuring compatibility with existing filling lines and providing an effective oxygen barrier [4][5] Consumer Feedback - Consumer reaction has been positive, with up to 80% of participants in pre-launch testing indicating they plan to eat directly from the tray, highlighting its practicality [6] - The color and design of the tray have also been well received by consumers [6] Company Background - Amcor is a global leader in packaging solutions, focusing on responsible and sustainable packaging across multiple materials, with a workforce of approximately 70,000 across 140 countries [7]
Turning the page on packaging waste: Amcor's AmFiber™ Performance Paper proves recyclability in Brazil
Prnewswire· 2025-06-05 12:00
Core Insights - Amcor's AmFiber™ Performance Paper has been confirmed as recyclable in Brazil's mixed-paper recycling stream, representing a significant advancement in sustainable packaging innovation [1][2][5] Group 1: Recycling Impact - Brazil's current paper recycling rate is 66.9%, prompting Amcor to investigate the potential for enhancing recyclability by increasing the use of AmFiber™ Performance Paper [2] - The collaboration with independent consultants MAPA S.A. and local recyclers demonstrated that AmFiber™ met essential recyclability standards and performed effectively in the mixed-paper stream [2][3] Group 2: Testing and Validation - A comprehensive study was conducted to assess the paper recycling market in Brazil, including laboratory and machine tests to evaluate the material's behavior during sorting, pulping, and processing [3] - Local recyclers reported no issues with recycling AmFiber™, confirming its compatibility with existing recycling systems [4][5] Group 3: Commitment to Sustainability - Amcor emphasizes its commitment to developing packaging solutions that support a circular economy and reduce environmental impact [5] - The company aims to collaborate with customers by providing evaluated recyclable packaging alternatives [6]
Graphic Packaging to Present at Wells Fargo Industrials and Materials Conference on June 11
Prnewswire· 2025-06-05 11:30
Core Viewpoint - Graphic Packaging Holding Company, a leader in sustainable consumer packaging, will present at the Wells Fargo Industrials and Materials Conference on June 11, 2025 [1]. Company Overview - Graphic Packaging Holding Company is headquartered in Atlanta, Georgia, and specializes in designing and producing consumer packaging primarily from renewable or recycled materials [2]. - The company is recognized for its innovation and commitment to reducing the environmental footprint of consumer packaging [2]. - Graphic Packaging operates a global network of design and manufacturing facilities, serving well-known brands in various sectors including food, beverage, foodservice, household, and other consumer products [2].
IP Eyes Salt Lake City to Build New Sustainable Packaging Facility
ZACKS· 2025-06-04 17:31
Core Insights - International Paper (IP) is planning to develop a new sustainable packaging facility in Salt Lake City, UT, as part of its strategy to expand its manufacturing footprint in the U.S. [1][9] - The new facility will utilize advanced technology to provide innovative and sustainable packaging solutions to customers in the western U.S. [2][9] - IP has recently initiated construction on a state-of-the-art sustainable packaging plant in Waterloo, IA, which is expected to be a key component of its North American operations [3][4] Facility Developments - The Waterloo plant is set to be the largest greenfield box plant for IP and will primarily serve the protein segment, focusing on high-quality sustainable packaging [4] - Operations at the Waterloo facility are anticipated to commence in late 2026 [4] Market Positioning - Following the acquisition of DS Smith in January 2025, IP has positioned itself as a global leader in sustainable packaging, enhancing its portfolio and geographic presence [5] - The Total Addressable Market (TAM) for North America is approximately $50 billion, while EMEA's TAM is around $40 billion, both with a long-term growth rate of 3-4% [6] Growth Drivers - IP aims to exceed market growth by leveraging trends such as the rise of e-commerce, increasing demand for sustainable packaging, and the transition from plastic to paper-based alternatives [7] - There is a growing need for cost-effective and reliable fresh food packaging, as well as innovative retail-ready packaging solutions, which are expected to support long-term growth [7] Stock Performance - Over the past year, IP's stock has declined by 12.1%, compared to a 10.8% decline in the industry [8]
AeroFlexx Awarded New Patents in Sustainable Packaging Innovation
GlobeNewswire News Room· 2025-06-02 14:01
Core Insights - AeroFlexx has been awarded U.S. Patents 11,548,709 and 12,071,292 for a flexible plastic package that is suitable for curbside recycling, aligning with industry standards for PE-based films and flexible packaging innovations [1][4] - The AeroFlexx Pak is a recyclable mono-material package that incorporates recycled content, addressing shortcomings of existing market packages [2][3] - The design of the AeroFlexx Pak allows for a reduction of up to 85% of virgin plastic compared to traditional rigid bottles, with up to 70% less plastic at the source and up to 50% recycled content [3] Company Overview - AeroFlexx is a full-service liquid packaging company focused on sustainable solutions, combining attributes of flexible and rigid packaging to enhance consumer experience and brand value [5] - The company is headquartered in West Chester, Ohio, and is part of the Innventure family of companies, providing packaging solutions across Europe, Southeast Asia, and the Americas [6]
AeroFlexx's Innovative Liquid Packaging Receives Critical Guidance Recognition from Association of Plastic Recyclers
GlobeNewswire News Room· 2025-05-29 13:15
Core Insights - AeroFlexx has received Critical Guidance Recognition for recyclability from the Association of Plastic Recyclers (APR) for its proprietary mono-material AeroFlexx Pak, marking a significant achievement in sustainable packaging [1][2] Company Overview - AeroFlexx is a full-service liquid packaging company that combines the benefits of flexible and rigid packaging into a single product, transforming the industry and enhancing consumer experience while promoting sustainability [5] - The company is headquartered in West Chester, Ohio, and is part of the Innventure family of companies, providing packaging solutions across Europe, Southeast Asia, and the Americas [6] Sustainability Impact - The AeroFlexx Pak can eliminate up to 85% of virgin plastic compared to traditional rigid packaging, utilizing up to 70% less plastic at the source and incorporating up to 50% recycled content [3] - With a market adoption of 2.5 billion units, the AeroFlexx Pak could save 599.4 million kilowatt-hours of energy, 65.3 million gallons of gas, and reduce CO2 emissions by 256.8 million pounds, while preventing 980.8 million pounds of waste from entering landfills [4] - The production process of AeroFlexx Pak results in up to 83% less waste to landfills, 73% less water use, and a 69% reduction in greenhouse gas emissions compared to traditional rigid bottle production [4]