Latest news with #PackagingGateway
Yahoo
01-08-2025
- Business
- Yahoo
Smurfit Westrock reports $7.94bn net sales in Q2 2025
Paper-based packaging solutions provider Smurfit Westrock has reported its performance results for the second quarter (Q2) ending 30 June 2025. The company's net sales reached $7.94bn in Q2 2025, representing a substantial rise of 167.5% from $2.96bn in Q2 2024. However, the company experienced a net loss of $26m in Q2 2025, a decline from a net income of $132m in Q2 2024, resulting in a negative shift in net income margin from 4.4% in 2024 to 0.3% in 2025. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) saw a significant increase of 152.7%, reaching $1.21bn in Q2 2025 from $480m in Q2 2024, although the adjusted EBITDA margin slightly decreased from 16.2% in 2024 to 15.3% in 2025. Additionally, net cash provided by operating activities rose 144.1% to $829m in Q2 2025 from $340m in Q2 2024. Adjusted free cash flow improved to $387m in Q2 2025, compared to $189m in 2024, reflecting a growth of 104.8%. Smurfit Westrock president and CEO Tony Smurfit said: 'I am pleased to report a strong second-quarter performance as we continue to deliver in line with our adjusted EBITDA guidance. 'This performance is driven by the significant improvement in our North American business and continued excellent results from our Latin American operations, somewhat offset by a resilient performance from our EMEA [Europe, the Middle East and Africa] and APAC [Asia-Pacific] businesses.' For the six months ended 30 June 2025 (H1), the company's net sales reached $15.59bn, indicating an increase of about 164% from $5.89bn in 2024. Smurfit Westrock has reported a net income of $356m for the first six months of 2025, reflecting an increase of approximately 10.2% from $323m reported in the same period last year. In addition, the company announced that its board has approved a quarterly dividend of $0.43 per ordinary share. In March 2025, Smurfit Westrock reported an increase in net sales for Q1 2025, totalling $7.66bn, compared to $2.93bn in the same period last year. "Smurfit Westrock reports $7.94bn net sales in Q2 2025" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Sappi concludes $500m expansion project at Somerset Mill in Maine, US
Sappi North America has announced the completion of Project Elevate, which involved a $500m investment to convert and expand Paper Machine No. 2 (PM2) at its Somerset Mill located in Maine, US. This development comes as a response to the growing demand for quality, fibre-based sustainable packaging solutions. The company is now poised to deliver commercial products to customers, with qualification processes underway and full production volumes expected by 2026. The expansion doubles the production capacity of PM2 and transforms Somerset into an advanced site for producing solid bleached sulfate (SBS) paperboard. Sappi North America president and CEO Michael Haws said: 'With PM2, we have delivered the largest rebuild in our company's history, doubling the machine's capacity and positioning Somerset as a leader in sustainably manufactured paperboard. 'This investment goes beyond machinery; it's about laying the foundation for long-term innovation, sustainable growth, and lasting impact.' As Sappi North America gears up for full-scale production, the investment is expected to yield an annual capacity of approximately 470,000 tonnes (t) of SBS paperboard. This includes a range of high-performance grades suitable for folding cartons, cups, and foodservice boards. The company will now be able to support both domestic and international packaging customers with the latest technology. Sappi North America manufacturing vice-president Kirk Ross said: 'Product from the new machine is now commercially available, delivering the same high standards of quality and performance our customers expect, while expanding our range of applications. 'With increased capacity and a focus on improved service, we're able to meet growing demand with greater speed, consistency, and responsiveness.' The PM2 conversion began in 2022, after the PM1 rebuild in 2018. "Sappi concludes $500m expansion project at Somerset Mill in Maine, US" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
RollsPack launches new manufacturing facility in Huai'an, China
RollsPack has launched Rolls Technology, a new manufacturing facility situated in Huai'an, China, aimed at expanding the company's footprint in global markets. This strategic move is set to provide sustainable packaging solutions to various sectors, including food and e-commerce. Spanning 53ha, the new Rolls Technology site features an 18,400m² production plant equipped with advanced clean-room environments and machinery such as BOBST-branded presses and laminators. The facility aims to set a new standard in hygiene and quality, meeting the highest global standards. RollsPack's investment in Rolls Technology is expected to offer clients improved quality control, faster lead times, and a level of product consistency that is essential in competitive markets. The company noted that the collaboration between Australian and Chinese teams at Rolls Technology demonstrates a cross-border effort to merge expertise and innovation. Environmental sustainability was a key focus during the development of Rolls Technology. The facility is designed to minimise emissions and incorporate sustainable manufacturing practices, aligning with RollsPack's goal to build an environmentally friendly future in flexible packaging. Rolls Technology is positioned to serve customers not only in China but also in Australia, New Zealand, and other international markets. The facility is expected to provide reliability in supply chains, even amidst market volatility. RollsPack said in a statement: 'The opening of Rolls Technology represents an exciting new chapter in the RollsPack group story. It's a symbol of growth, innovation and the relentless pursuit of excellence. We're incredibly proud of what our team has accomplished and even more excited for what's ahead.' "RollsPack launches new manufacturing facility in Huai'an, China" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
16-06-2025
- Business
- Yahoo
TekniPlex opens facility in Wisconsin
TekniPlex Healthcare has initiated production at its newly established 200,000ft² facility in Madison, Wisconsin. Located at 6002 Femrite Drive, this site is expected to enhance the company's Barrier Protection Systems business. According to the company, the new location seeks to merge manufacturing technologies with expertise in materials science. This strategy aims to broaden capabilities and improve access to protective solutions throughout North America and internationally. This facility will help boost TekniPlex Healthcare's support for medical device and pharmaceutical firms. It is designed to ensure 'reliable' access to sterile barrier packaging for hospitals, outpatient surgical centres, laboratories, and patients, stated the company. The Madison plant has received ISO 13485:2016 quality management system certification. As TekniPlex Healthcare's second site in Madison, it will concentrate on creating coated and printed solutions. These products are crucial for safeguarding medical devices and wound care products from contaminants, ultimately enhancing patient outcomes. The new plant is equipped with modern manufacturing infrastructure, including an air knife coater, added the company. This machinery will help the company boost the supply of coated Tyvek and heat-seal coated reinforced papers for various sterilisation barrier applications. Furthermore, the facility features a wide-width eight-colour high-definition flexographic printing press. This technology enables TekniPlex Healthcare to fulfil stringent healthcare printing requirements while maintaining a near-zero waste manufacturing process. Sustainability is a primary focus for the new facility, which has adopted an eco-friendly design approach. The company states that at least 95% of the waste produced by the facility is recyclable. Looking forward, the facility has plans for future expansion opportunities. These include the addition of a second flexographic printer, a cantilevered slitter rewinder, and a reversible salvage rewinder. TekniPlex Healthcare CEO Suj Mehta said: 'Our new flagship facility exemplifies TekniPlex Healthcare's mission of improving patient care through solutions that protect, preserve, and perform. The products manufactured here directly impact patients' lives. 'As a dedicated hub, the site not only expands our capacity and provides customers with supply chain assurances, but also serves as a knowledge base to build upon and maximise our leadership in barrier protection materials science.' In October 2024, TekniPlex Healthcare introduced its new bio-based medical-grade polyvinyl chloride compounds. "TekniPlex opens facility in Wisconsin" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Contract packer Orlandi enhances US manufacturing capabilities
US-based contract packaging and beauty samples manufacturing company Orlandi is expanding its manufacturing capabilities to meet increasing demand for domestic filling and retail packaging solutions. The expansion is primarily focused on beauty, personal care, fragrance, and other consumer packaged goods brands. Orlandi offers packaging and container filling services customised for production runs of various scales. This enables Orlandi to provide flexibility, quality, and speed tailored to the requirements of its clients in the consumer packaged goods sector. Orlandi processes a wide variety of bulk products, including fragrances, creams, gels, lotions, and liquids. The company utilises both client-supplied and Orlandi-sourced glass and plastic containers, managing most cap and pump closures throughout the process. In a notable advancement for fragrance applications, Orlandi has initiated in-house blending and cold-filtering of fragrance solutions. This new capability guarantees optimal clarity and performance prior to the filling stage, thereby enhancing the overall quality of the products, the company said. The organisation's offerings go beyond filling, providing a comprehensive packaging solution. This encompasses in-house labelling, product cartoning, corrugated case packing, partitioning, and custom pack-outs, supporting every phase of the production process. Furthermore, Orlandi produces vial cards and folders on-site, managing all elements of printing, die-cutting, and assembly. Orlandi sales senior vice-president Russell Ostroff said: 'Having our operations based in the US allows us to respond quickly and consistently deliver high-quality results - even under tight deadlines. 'This enables us to maintain stronger quality control, offer more responsive service, and better support domestic manufacturing needs.' In April this year, Orlandi unveiled its new eco-friendly paper label created for fragrance sampling. "Contract packer Orlandi enhances US manufacturing capabilities" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
