Financial

Lee and Man

Lee & Man revenue down from a year ago

Lee & Man Paper Manufacturing Ltd., one of the largest containerboard manufacturers in China, said revenue during the first half of the year declined from US$1.67 billion in the year-earlier… Thank you for checking us…

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Cascades ‘cautiously optimistic’ about containerboard

By Ken McEntee Cascades is “cautiously optimistic” about current containerboard demand, according to Charles Malo, president and COO, Containerboard Packaging Group. Malo, speaking during the company’s second quarter earnings conference,… Thank you for checking us…


WestRock pizza boxes

Major packaging consumers transition to paperboard

Major customers are moving away from plastic packaging and toward paperboard, WestRock CEO Steve Voorhees said this week during the company’s fiscal third quarter earnings conference. WestRock’s fiscal third quarter… Thank you for checking us…



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Greif shuts down Alabama recycling mill

By Ken McEntee Greif Inc. said it has permanently closed its uncoated recycled board (URB) mill in Mobile, Ala. as part of its commitment to optimize its URB mill network. The closure of Mobile’s No….


Tissue

OCC prices ‘way more’ than Cascades expected

By Ken McEntee While recovered paper prices escalate and generation dwindles, Cascades said it has sufficient raw materials to meet production requirements. However, said CEO Mario Plourde, the price increases… Thank you for checking us…


Covid-19 has caused unprecedented impact, WestRock says

By Ken McEntee The Covid-19 pandemic has caused unprecedented volatility in global markets, but WestRock remains well-positioned with the right strategy to succeed and create value for its stakeholders, company… Thank you for checking us…


Recycled fiber price rise is unprecedented, Sonoco says

By Ken McEntee The “unprecedented” rise in recovered paper prices during March will have a significant impact on Sonoco’s second quarter results, CEO Howard Coker said, while announcing the company’s… Thank you for checking us…


Lee and Man

Lee and Man profit per ton drops by 34 percent

Per ton net profit for Chinese containerboard maker Lee and Man Paper Manufacturing Ltd. last year dropped 34 percent, from US$102.53 to $67.54, according to the company’s 2019 annual results… Thank you for checking us…