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Stocks Finish Mostly Higher Despite a Plunge in Intel
Yahoo Finance· 2026-01-23 21:34
WTI crude oil jumped more than +2% on Friday to a 1-week high to lift energy producers after President Trump revived threats to use military force against Iran’s senior leadership for its violent crackdown on protests. Crude prices also rose after the Financial Times reported that the US is threatening to curb the supply of dollars for Iraqi oil sales as it pressures Iraq's leading politicians to form a government that excludes Iran-backed militia groups.Gold, silver, and platinum prices rose to fresh recor ...
International Paper Completes Sale of Global Cellulose Fibers Business to American Industrial Partners (AIP)
Prnewswire· 2026-01-23 21:05
Core Viewpoint - International Paper has successfully sold its Global Cellulose Fibers (GCF) business to American Industrial Partners for $1.5 billion, which includes preferred stock valued at $190 million [1]. Group 1: Business Overview - The GCF business produces high-quality pulp for various applications, including personal care products and construction materials, contributing to health and wellness [2]. - In 2024, the GCF segment generated $2.8 billion in revenue, with the sold operations accounting for approximately $2.3 billion, excluding revenue from closed mills [2]. - The GCF business employs 3,300 people globally and operates nine manufacturing facilities and eight regional offices [2]. Group 2: Company Background - International Paper is a leader in sustainable packaging solutions, headquartered in Memphis, Tennessee, with operations in over 30 countries and more than 65,000 employees [3]. - The company reported net sales of $18.6 billion for 2024 and acquired DS Smith in 2025, enhancing its position in the North American and EMEA markets [3].
Huhtamaki publishes 2025 results on February 13, 2026
Globenewswire· 2026-01-22 07:00
Core Viewpoint - Huhtamaki Oyj is set to publish its 2025 financial results on February 13, 2026, at approximately 8:30 EET, followed by a combined audiocast and teleconference at 9:30 EET where the CEO and CFO will present the results and engage in a Q&A session [1][2]. Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, focusing on protecting food and beverages, ensuring hygiene and safety, and preventing food waste [4]. - The company has a history of over 100 years and operates in 36 countries with around 18,000 professionals across 101 locations [5]. - In 2024, Huhtamaki reported net sales of EUR 4.1 billion and is listed on Nasdaq Helsinki, with its headquarters located in Espoo, Finland [5].
Huhtamaki publishes 2025 results on February 13, 2026
Globenewswire· 2026-01-22 07:00
Core Viewpoint - Huhtamaki Oyj is set to publish its 2025 financial results on February 13, 2026, at approximately 8:30 EET, followed by a combined audiocast and teleconference at 9:30 EET where the CEO and CFO will present the results and engage in a Q&A session [1][2]. Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, focusing on protecting food and beverages, ensuring hygiene and safety, and preventing food waste [4]. - The company has a history of over 100 years and operates in 36 countries with around 18,000 professionals across 101 locations [5]. - In 2024, Huhtamaki reported net sales of EUR 4.1 billion and is listed on Nasdaq Helsinki, with its headquarters located in Espoo, Finland [5].
Cascades ranks among the world's 100 most sustainable corporations for the seventh year in a row
Prnewswire· 2026-01-21 16:15
Core Insights - Cascades Inc. has been recognized as one of the world's 100 most sustainable corporations for the seventh consecutive year, ranking 34th globally and third in the materials sector [1][3] Company Performance - The company improved its ranking from 59th in 2025 to 34th in 2026, reflecting its commitment to sustainability and effective business strategies [3] - Cascades generated significant revenue from products made from recycled or certified fibers, contributing to its sustainability performance [2] Industry Context - The Global 100 ranking, conducted by Corporate Knights, analyzed companies with over $1 billion in revenue, focusing on sustainable revenue and investments [2][9] - Among the Global 100 companies, approximately 60% of investments and revenues were classified as sustainable for 2026, compared to only 13% of investments and 17% of revenues across all large companies assessed [5] Future Commitments - The company plans to develop its fifth sustainable development plan for 2026–2030, aiming to enhance its sustainability commitments and reduce its environmental footprint [5]
Knoxcorp to buy Pro-Pac’s Australian and New Zealand operations
Yahoo Finance· 2026-01-21 14:30
Australian investment company Knoxcorp has acquired Pro-Pac Packaging's Australian and New Zealand (NZ) businesses from administrator McGrathNicol Restructuring. For Australia, the administrators have signed a business sale agreement covering the Australian operations and assets, but excluding the Perfection Packaging unit. The buyer is Consolidated Packaging Australia, a Knoxcorp subsidiary. The transaction is expected to be completed in early March 2026. Based in Dandenong, Victoria, Perfection Pack ...
SCZONE and Eroglu agree on $175m packaging facility
Yahoo Finance· 2026-01-21 11:17
Group 1 - The Suez Canal Economic Zone (SCZONE) and Eroglu Global have finalized a contract to build a new carton and packaging factory in the Qantara West Industrial Zone with an investment of $175 million [1] - The factory will cover an area of 70,000 square meters and is expected to produce Tetra Pak units, carton boxes, and sheets, creating 2,000 direct jobs [1] - Half of the factory's output is planned for export markets, while the other half will supply the local market [1] Group 2 - SCZONE chairman Waleid Gamal El-Dien stated that the project strengthens the industrial supply chain and adds value to Egyptian products [2] - With the new factory, the Qantara West Industrial Zone will have a total of 52 projects across 3,537,100 square meters, reaching cumulative investments of $1.53 billion and offering 72,665 direct jobs [2] - Eroglu Global will become the largest industrial investor in the Qantara West Industrial Zone with this being their fourth project in the area [2] Group 3 - Eroglu Global, established in Türkiye in 1983, has a diversified portfolio that includes textiles, real estate, energy, furniture, shopping centers, and retail, operating in several countries including Egypt, Germany, the UK, and Romania [3] - In a separate development, Greif opened an Intermediate Bulk Container (IBC) manufacturing facility in Dilovasi in 2023, indicating growth in Türkiye's packaging sector [3][4] - Specialty paper manufacturer Felix Schoeller opened a new Competence Center in Istanbul last year, further highlighting advancements in the packaging industry [4]
Packaging Corporation of America: Positives Are Priced In (Downgrade) (NYSE:PKG)
Seeking Alpha· 2026-01-20 23:30
Company Performance - Shares of Packaging Corporation of America (PKG) have declined by approximately 6% over the past year [1] Industry Overview - The entire packaging sector is experiencing pressure due to weak demand and excess supply [1]
Amcor to report fiscal 2026 second quarter and half year results
Prnewswire· 2026-01-20 22:00
Core Viewpoint - Amcor plc will announce its fiscal 2026 second quarter and half year results on February 3, 2026, after the US market closes [1] Group 1: Financial Results Announcement - The results will cover the three and six month periods ended December 31, 2025 [1] - A conference call and webcast to discuss the results will take place at 5:30 PM US Eastern Standard Time on February 3, 2026 [2] - Access to the webcast and supporting materials will be available via the Investors section of Amcor's website [2] Group 2: Company Overview - Amcor is a global leader in responsible consumer packaging and dispensing solutions across various materials for nutrition, health, beauty, and wellness categories [3] - The company generates $23 billion in annualized sales from operations across over 400 locations in more than 40 countries, supported by a workforce of over 75,000 people [3] - Amcor focuses on product innovation and sustainability to address packaging challenges globally, producing flexible packaging, rigid packaging, cartons, and closures [3]
Loews Corporation to Release Fourth Quarter 2025 Results on February 9, 2026
Prnewswire· 2026-01-20 15:00
Core Viewpoint - Loews Corporation will report its fourth quarter 2025 financial results on February 9, 2026, and will provide earnings remarks from its CEO and CFO on the same date [1]. Group 1: Financial Reporting - The financial results for the fourth quarter of 2025 will be disclosed on February 9, 2026 [1]. - Earnings remarks will be available on the company's website, including commentary from CEO Ben Tisch and CFO Jane Wang [1]. Group 2: Company Overview - Loews Corporation operates in diversified sectors including insurance, energy, hospitality, and packaging [2]. - Additional information about the company can be found on its official website [2].