Finance: Page 2

  • Numerous pieces of waste on a computer screen with red digital boxes around certain objects.
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    Permission granted by Greyparrot
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    4 collaborative projects that aim to advance packaging recycling

    Speakers at the Packaging Recycling Summit detailed how brands, packaging manufacturers, recyclers, academics and others across the supply chain are teaming up to improve how packaging is managed at end of life.

    By • July 2, 2025
  • A sealed brown cardboard box with a white shipping label and packing tape sits on a red and silver metal conveyor belt system in a warehouse. Background includes industrial shelving, other packages, and factory equipment. The floor is polished red and the setting is brightly lit.
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    Alamy
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    Where packaging manufacturers have cut production in 2025

    Across substrates, numerous major packaging suppliers have announced changes to their North American footprints.

    By Packaging Dive Staff • July 1, 2025
  • A sign outside a building says Packaging Corporation of America.
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    JHVEPhoto via Getty Images
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    PCA buying Greif’s containerboard business for $1.8B

    The transaction includes mills, sheet and corrugated assets in multiple states. The deal comes as Greif says it’s prioritizing polymer-based products and was unwilling to invest to become more competitive in containerboard.

    By • Updated July 1, 2025
  • A corporate building with a circular, grassy area with a statue in front.
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    Permission granted by Sonoco
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    Sonoco names interim CEO for metal packaging segment following death of Tomás López

    Tomás López was CEO of Eviosys until Sonoco acquired it in December 2024. Following his death, the company has appointed a temporary leader for Sonoco Metal Packaging EMEA.

    By • June 30, 2025
  • Close-up view of flat, stacked corrugated boxes.
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    SafakOguz via Getty Images
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    Containerboard capacity has shrunk nearly 6% in 2025. That may rebalance the market.

    North American mill closures could alter the supply and demand dynamic and bring a “golden age” for containerboard following years of oversupply, according to a Truist Securities analyst.

    By • June 24, 2025
  • Canada Prime Minister Mark Carney (right) and U.S. President Donald Trump (left) speak at the G7 Summit in Kananaskis, Alberta, on June 16, 2025.
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    Chip Somodevilla via Getty Images
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    Canada threatens further tariffs on US steel, aluminum

    The exact new rate will depend on progress made towards a tariff deal with the Trump administration as of July 21.

    By Philip Neuffer • June 20, 2025
  • The exterior of a corporate building is labeled as belonging to packaging manufacturer Sonoco.
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    Permission granted by Sonoco
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    Danone, DuPont, Green Bay Packaging, Sonoco detail facility expansions

    Plus, International Paper is exploring its possibilities in Utah, and Nova Chemicals opened a film recycling plant with Novolex.

    By • June 18, 2025
  • An array of metal tins with peel-back metal lids.
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    Courtesy of Eviosys
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    Sonoco hires CFO with manufacturing background

    The packaging company has hired a finance executive with experience across “diverse manufacturing industries,” who will replace Sonoco’s interim CFO of about six months.

    By • June 17, 2025
  • A person wearing a bright yellow vest with Crown branding on the back stands near a can manufacturing line.
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    Retrieved from Crown Holdings on June 16, 2025
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    Crown names new COO, shuffles other leadership

    Crown Holdings will promote some longtime employees as part of the leadership rearrangement. The shifts will especially affect beverage can divisions, which are experiencing sales growth.

    By • June 16, 2025
  • Flexible plastic packaging pouches
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    Romeo Gacad via Getty Images
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    How shareholders voted on plastics and packaging proposals in 2025

    The National Legal and Policy Center and As You Sow each say they see positives after generating discussion around plastics-related proposals this year, including at Walmart, Mondelēz and The Home Depot.

    By • June 13, 2025
  • A scene inside a coffee shop with paper cups and food on a counter and a barista using a marker to write on a cup.
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    Retrieved from Graphic Packaging International on August 19, 2024
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    GPI details inventory reduction strategy for 2025

    Graphic Packaging International is navigating consumer demand fluctuations and economic uncertainty, CFO Stephen Scherger said at an event Wednesday. Reducing inventory and production is part of the 2025 plan.

    By • June 12, 2025
  • A manufacturing line produces plastic caps.
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    Courtesy of TriMas
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    TriMas hires new CEO from Silgan Containers

    Thomas Snyder will assume the top position later this month. His arrival comes amid streamlining measures at TriMas and a recent departure of the company’s chief financial officer.

    By • June 9, 2025
  • View from above of dozens of tabbed beverage cans
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    gerenme via Getty Images
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    Packaging manufacturers worried by 50% tariffs on steel, aluminum

    Doubling tariffs on metals imports exposes the packaging supply chain to unintended consequences, according to the Can Manufacturers Institute and the Aluminum Association.

    By • Updated June 2, 2025
  • Two researchers in lab coats working in a biotechnology laboratory.
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    Katie Pyzyk/Packaging Dive
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    Georgia-Pacific, Greif, Silgan detailed layoff plans in May

    Amcor and International Paper also disclosed forthcoming changes as they integrate recent acquisitions. LanzaTech, which has worked to create material for use in plastic packaging, is cutting part of its Illinois workforce.

    By • May 30, 2025
  • Snacking brands made by PepsiCo's Frito-Lay division on a grocery store shelf in Washington, D.C.
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    Christopher Doering/Packaging Dive
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    Snacking takes a hit as consumer spending shifts to food staples

    PepsiCo, Mondelēz and Campbell’s are among the companies that noted a slowdown in chips, cookies and other treats as shoppers prioritize essentials such as meats and eggs.

    By Christopher Doering • May 22, 2025
  • Ball cans and bottles.
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    Permission granted by Ball Corporation
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    Ball CFO to depart after less than 2 years in role

    Ball will rely on a longtime executive to serve as interim CFO upon Howard Yu’s departure next month. 

    By • May 22, 2025
  • Rows of metal cans on a manufacturing line.
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    Frazao Studio Latino via Getty Images
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    Can Manufacturers Institute to get new president as longtime leader retires

    A leader from within CMI’s ranks will take over next month for President Robert Budway, who is retiring after nearly 40 years with the association.

    By • May 21, 2025
  • Close up view of stacked corrugated cardboard.
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    Mikola249 via Getty Images
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    Fiber producers see pricing upside for late 2025 amid capacity, tariff changes

    A temporary reduction in tariffs with China and upcoming mill closures by Georgia-Pacific and others could contribute to pricing and demand improvements in the second half of the year, according to analysts.

    By • May 20, 2025
  • Aerial view of an industrial facility surrounded by trees and located next to waterways.
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    Retrieved from Domtar on May 19, 2025
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    Domtar nears decision on converting Quebec mill to containerboard

    The company did not confirm an official decision yet, but union Unifor says the investment tentatively is a go. Analysts note a current containerboard oversupply, but conditions could change by the time a conversion is complete.

    By • May 19, 2025
  • A sign for an industrial facility welcoming visitors to Georgia-Pacific's Cedar Springs containerboard mill.
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    Permission granted by Georgia-Pacific
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    Georgia-Pacific to cut 535 jobs in containerboard mill closure

    The company doesn’t believe this mill in Cedar Springs, Georgia, can competitively serve customers in the long-term. While most employees will be let go by August, some will remain to assist with the facility shutdown.

    By • Updated May 14, 2025
  • Close-up view of the edge of flattened corrugated boxes, showing the corrugating medium between the linerboard layers.
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    Adisak Mitrprayoon via Getty Images
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    Amid industry frustration about fiber price indexes, Bloomberg presents alternative

    Existing pricing indexes haven’t kept up with changes in fiber manufacturing and sales over the last several decades, so Bloomberg developed an alternative, according to speakers on Tuesday’s webinar introducing the index.

    By • May 14, 2025
  • The East facade of the Capitol Building in Washington DC.
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    dkfielding via Getty Images
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    Ameripen names new executive director

    The new head has a background in food service packaging and sustainability work and will lead the association “through one of the most consequential periods for packaging policy in U.S. history.”

    By • May 13, 2025
  • International Paper's new logo.
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    Courtesy of International Paper/Cision
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    International Paper to restructure footprint along US-Mexico border

    Two facility closures in Texas will accompany investments in that state and in Mexico. Although the closures mean some employees are slated to be laid off, the company said new positions will open due to the investments.

    By • Updated July 21, 2025
  • A production line seals poultry packages with plastic film made from chemically recycled content
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    Courtesy of ExxonMobil
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    Sealed Air says USMCA exemption minimizes tariff exposure, touts turnaround plans

    The protective and food packaging company’s results were down year over year, but CEO Dustin Semach said there are signs of improvement and noted a recent investment in sales staff to regain market share.

    By • May 8, 2025
  • Lots of soda/beer cans in rows
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    LordRunar via Getty Images
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    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 • May 7, 2025