Finance: Page 2
-
Ball says tariff impacts so far have been minimal
The aluminum can manufacturer’s global shipments rose 2.6% during the first quarter, thanks in part to market strength in Europe and growth in non-alcoholic beverages.
By Maria Rachal • May 7, 2025 -
O-I says glass supply chains are a strength amid aluminum tariffs
The Ohio-based company saw shipments grow in Q1, driven in part by advanced purchasing ahead of new tariffs. But in Europe, O-I is curtailing production.
By Maria Rachal • May 5, 2025 -
Smurfit Westrock, GPI, Hood Container announced facility closures in April
Case Paper Co. also disclosed a change to its footprint. Additionally, O-I Glass shared that it’s reevaluating its operations in France.
By Maria Rachal • May 5, 2025 -
Consumer spending slumps pull down Graphic Packaging’s results
Already cost-stressed consumers further curbed spending in Q1, including at quick-service restaurants, and customer promotions didn’t help, Graphic Packaging International CEO Mike Doss said on the company’s earnings call.
By Katie Pyzyk • May 2, 2025 -
Smurfit Westrock invests in converting, cuts other production
Footprint optimization continues nine months post merger. Meanwhile, Smurfit Westrock has felt little material impact from tariffs, in part due to recent supply chain reconfiguration, executives said on Thursday’s earnings call.
By Katie Pyzyk • May 1, 2025 -
Greif to close Los Angeles mill, end West Coast coated paperboard production
Closing the mill, which manufactures CRB and URB, will affect an estimated 72 employees. The move is part of a multiyear cost reduction plan.
By Katie Pyzyk • Updated May 1, 2025 -
Amcor completes acquisition of Berry Global
The Zurich-based company’s reach now spans approximately 140 countries, with some 400 facilities, 70,000 employees and $23 billion in anticipated sales revenue.
By Maria Rachal • Updated May 1, 2025 -
Sonoco scales global metal packaging business, downplays tariff exposure
The company is progressing on the integration of Eviosys, now known as Sonoco Metal Packaging EMEA. Europe now accounts for nearly 40% of Sonoco’s business, executives noted.
By Maria Rachal • April 30, 2025 -
International Paper sees Q1 sales boost despite economic uncertainty
Much of the uptick occurred due to IP’s acquisition of DS Smith in January. Meantime, CEO Andy Silvernail reflected on the company’s transformation during his one year at the helm.
By Katie Pyzyk • April 30, 2025 -
Packaging manufacturers post Q1 results
Discussions of tariff impacts are a through line in earnings calls so far. Catch up on commentary from Sealed Air, Ball, Graphic Packaging International, Smurfit Westrock and more.
By Packaging Dive Staff • Updated May 8, 2025 -
Crown cautiously optimistic for 2025 growth
The cans manufacturer raised guidance for 2025 after a stronger than expected first quarter. Speaking on tariffs, Crown Holdings executives also quantified estimates for direct and indirect impacts.
By Maria Rachal • April 29, 2025 -
Ardagh Metal Packaging expects ‘minimal impact’ from tariffs
Domestic sourcing, regional production and consumption, lack of empty-can imports and cost pass-throughs in contracts are all benefiting the company, executives said.
By Maria Rachal • April 25, 2025 -
TricorBraun names new CEO
The global packaging supplier is bringing in an executive from the truck equipment sector who previously worked with current head Court Carruthers.
By Maria Rachal • April 23, 2025 -
Retrieved from Packaging Corporation of America on February 27, 2025
PCA’s packaging sales surge despite tariffs’ drag on demand
Packaging Corporation of America says it achieved a revenue milestone in Q1, with bookings and billings also up in Q2 so far. But economic uncertainty is prompting an adjustment to maintenance outage schedules.
By Katie Pyzyk • April 23, 2025 -
Fiber producers could be teeing up another round of price increases
Analysts say that producers are watching tariffs, and whether the seasonal demand uptick will occur this year, as factors in pricing decisions.
By Katie Pyzyk • April 22, 2025 -
Tariff turmoil: Box demand dips, recession fears rise
The impact of uncertainty from tariffs already is appearing in the paper and packaging industry, and manufacturers are expressing concern about a potential recession this year, according to analysts.
By Katie Pyzyk • April 18, 2025 -
Sylvamo to shuffle C-suite upon CEO’s retirement
Sylvamo announced that a new, home-grown leader will take over in January. This comes amid growth for the International Paper spinoff.
By Katie Pyzyk • April 16, 2025 -
International Paper completes sale of 5 European plants to Palm Group
IP announced Tuesday it divested plants in France, Portugal and Spain, thereby satisfying all requirements with the European Commission related to its acquisition of DS Smith.
By Katie Pyzyk • Updated July 1, 2025 -
Smurfit Westrock to close corrugated plant in Oregon
Layoffs at the Portland facility will come in waves, with 72 employees affected in the first round. This closure is part of the packaging company's ongoing footprint optimization plan.
By Katie Pyzyk • April 11, 2025 -
Packaging M&A highlights from Q1
Packaging Dive followed dozens of deals in the first quarter. Industry observers noted activity in the labels space.
By Maria Rachal • April 10, 2025 -
Trump pauses most reciprocal tariffs, hikes China’s further
The U.S. will now charge a 125% duty on imports from China, while most other countries will be subject to a 10% rate for 90 days.
By Philip Neuffer • Updated April 10, 2025 -
China raises tariffs on US to 84%, matching Trump’s increase
The retaliatory duties, taking effect Thursday, were originally set at 34% before the White House further raised its own rates.
By Max Garland • April 9, 2025 -
JBM Packaging brings training program to Ohio prison
Moving the machine adjuster training program to the London Correctional Institution in Ohio allowed the company to increase participants’ pay. JBM aims to start real-world envelope production at the site soon.
By Katie Pyzyk • April 8, 2025 -
Mauser, Orbis, Pretium among March packaging company layoffs
Graphic Packaging International and RTS Packaging also are among the companies that announced facility closures in March.
By Katie Pyzyk • April 4, 2025 -
China readies 34% tariff on US imports starting April 10
The country's retaliation against President Donald Trump's trade policies builds upon previously announced duties.
By Max Garland • April 4, 2025