Manufacturing
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Major glass recycler Strategic Materials files for bankruptcy, cites packaging shift as one factor
The company noted in filings that consumers are recycling less glass than in previous years, a trend “poised to continue as glass products are increasingly being replaced by plastic counterparts and/or aluminum cans.”
By Megan Quinn • Dec. 7, 2023 -
What’s next for Ball’s ‘startup’ aluminum cups business
Ball is touting a “premium experience” as it ventures beyond sports and entertainment into leisure and lodging, including at Colorado ski resorts, said Emily Fong Mitchell, president and general manager for Ball Aluminum Cups.
By Maria Rachal • Dec. 4, 2023 -
Ardagh, Silgan closures add to November packaging layoff announcements
Hundreds more impending layoffs were announced this week. Ball, Hood, TC Transcontinental and others in packaging manufacturing also provided updates this month on closures and disruptions.
By Maria Rachal • Nov. 30, 2023 -
Deep Dive
‘Revolutionary’ digital printing technology uptake expected to accelerate for packaging
DS Smith, Georgia-Pacific, International Paper, WestRock, O-I Glass and others are among the companies innovating with this technology, which can increase precision and reduce waste.
By Katie Pyzyk , Shaun Lucas • Nov. 29, 2023 -
Berry’s new CEO talks organic growth, sustainability opportunities
After fiscal year 2023 saw a nearly 13% decline in net sales, CEO Kevin Kwilinski took the helm. He shared his outlook on Berry Global’s acquisition strategy, the future of the Health, Hygiene, & Specialties division and more.
By Maria Rachal • Nov. 17, 2023 -
Ball announces site closures, discusses Bud Light impacts
Amid changes in demand, Ball is shutting down sites in Virginia and Washington and stepping back from expansion projects in Nevada and North Carolina.
By Maria Rachal • Nov. 3, 2023 -
Retrieved from Sonoco on November 02, 2023
Sonoco outperforms Q3 guidance, but ‘cautious’ consumers depress demand
The company is beginning to see returns from recent M&A and equipment conversion investments, according to executives on a Q3 earnings call.
By Katie Pyzyk • Nov. 2, 2023 -
O-I Glass to curtail 20% of global capacity in Q4
The company is forging ahead on a new high-tech plant in Kentucky for a mid-2024 ramp-up, but it is extending the timeline for expansion projects in South America and Europe “to better align with the market recovery.”
By Maria Rachal • Nov. 2, 2023 -
Destocking in ‘rearview mirror,’ but ‘cautious consumer’ slows Graphic Packaging’s recovery
GPI’s growth could be fueled by ramen, as a partnership to transform an iconic noodle cup from foam to fiber marks the company’s most recent innovation investment. Meanwhile, GPI discontinued a project to add capacity in Texas.
By Katie Pyzyk • Nov. 1, 2023 -
Silgan, Sonoco, International Paper announced layoffs and closures in October
Printpack, Greif, Hood Container and Novolex were also among the companies that disclosed changes to their manufacturing footprints.
By Maria Rachal • Oct. 30, 2023 -
Packaging manufacturers’ Q3 results
Follow what top companies are saying in quarterly earnings reports about demand, destocking and optimizing manufacturing as 2023 winds down.
By Packaging Dive Staff • Updated Nov. 17, 2023 -
Silgan to rightsize footprint, cut costs
“I think we are as frustrated with destocking as anybody else,” said CEO Adam Greenlee on a Q3 earnings call amid impacts to its important food, beverage and pet food markets.
By Maria Rachal • Oct. 27, 2023 -
Courtesy of Crown Holdings https://www.crowncork.com/news/crown-wins-multiple-awards-innovative-designs-across-global-competitions
Crown lowers 2023 outlook, citing weakness in aerosols and Asia
The can manufacturer’s executives also discussed free cash flow increases, new capacity in the U.S. and Europe, customer and consumer trends and more.
By Maria Rachal • Oct. 25, 2023 -
International Paper’s plan to close mill, shut down machines will affect 900 employees
The shutdowns — at sites in Florida, North Carolina and Texas — collectively will reduce IP’s production by 1.3 million tons annually. The moves come amid lower sales volumes this year, largely due to destocking.
By Katie Pyzyk • Oct. 18, 2023 -
Packaging Q3 earnings reports to follow early signs of holiday shopping zeal
Consumers have already shopped pre-holiday sales. Deloitte projected holiday season e-commerce sales growth upwards of 12.8%, while Adobe Analytics expects a boost from “record discounts and flexible payment methods.”
By Maria Rachal • Oct. 18, 2023 -
Graphic Packaging shuts down Kalamazoo paperboard machine ahead of schedule
The early K3 closure is part of an ongoing optimization plan and is not related to a $600 million federal lawsuit regarding allegations of toxic gas from its plant in Kalamazoo, Michigan, a GPI spokesperson said.
By Katie Pyzyk • Oct. 5, 2023 -
O-I, Sonoco, WestRock among manufacturers with September layoff notices
WestRock announced another 73 layoffs, in Chicago, at the end of the month. Silgan Containers is permanently closing a manufacturing site in Trenton, Tennessee.
By Maria Rachal • Updated Oct. 3, 2023 -
Coca-Cola bottlers try paper carrier innovations
Graphic Packaging International and DS Smith are among the partners on these plastic-to-paper conversions.
By Maria Rachal • Sept. 27, 2023 -
Stories from Pack Expo 2023
Catch up on all of Packaging Dive’s coverage from Las Vegas, including shifting trends and industry leaders’ insights on what’s next.
By Katie Pyzyk • Sept. 26, 2023 -
Pack Expo 2023
AI will revolutionize packaging, but strong controls are needed: Pack Expo speakers
“Packaging is the hardest piece to corral” due to the complexity of the sector’s data, said Specright founder and CEO Matthew Wright.
By Katie Pyzyk • Sept. 25, 2023 -
Pack Expo 2023
Post-pandemic renormalization, innovation and sustainability dominate Pack Expo discussions
Speakers from PMMI, the Flexible Packaging Association and the Association for Contract Packagers and Manufacturers weighed in on factors influencing different parts of the packaging industry.
By Katie Pyzyk • Sept. 19, 2023 -
Packaging companies prioritize sustainability, M&A during ‘turbulent’ year
While paper and packaging companies previously considered sustainability an expense, many now leverage it as a cost reduction and revenue growth strategy, according to analysis by Bain & Co.
By Katie Pyzyk • Sept. 18, 2023 -
International Paper, Pratt Industries open corrugated packaging facilities
IP’s $100 million Pennsylvania facility will make food, beverage and e-commerce packaging while new machinery at Pratt’s $700 million Kentucky site will produce 1,500 tons of paper per day to be made into corrugated boxes.
By Maria Rachal • Sept. 18, 2023 -
At-home consumption, ready-to-drink momentum driving canned beverage trends
“The industry really is different than what it was just a few years ago. We’re seeing a difference in how consumers are behaving,” said one leader at Crown Holdings.
By Maria Rachal • Updated Sept. 13, 2023 -
Smurfit WestRock: The transaction creating a global packaging giant
The pending combination of Smurfit Kappa and WestRock is expected to make the world’s largest publicly traded packaging company. Follow Packaging Dive’s ongoing coverage as the transaction moves toward completion in 2024.
By Packaging Dive Staff • Sept. 12, 2023