RICHMOND, VA, Feb. 12, 2014 (Business Wire) -MeadWestvaco Corporation, a global leader in packaging and packaging solutions, launched Packaging Matters, the company's second annual study of the role packaging plays in consumer purchasing behavior, brand loyalty and overall product satisfaction. This year, the research has expanded to 10 markets, including Brazil, China, Germany, India, Japan, Russia, South Africa, Turkey, the United Kingdom and the United States, to provide a broader perspective on the role of packaging around the world.
LAKE FOREST, IL, Feb. 11, 2014 (Business Wire) -Packaging Corporation of America (PKG) reported today fourth quarter record net income of $227 million, or $2.33 per share. Earnings included special items of $1.70 per share of income from the reversal of tax reserves related to alternative energy tax credits, and after tax costs totaling $0.41 per share related primarily to PCA's acquisition of Boise Inc. on October 25, 2013. Excluding special items, net income was $101 million, or $1.04 per share, compared to fourth quarter 2012 net income, excluding special items, of $59 million, or $0.61 per share. Net sales were a record $1.3 billion in the fourth quarter compared to $737 million last year.
WELLINGTON, New Zealand, Feb. 14, 2014 (Business Day) -Wellington cardboard box maker Charta Packaging is cutting 32 jobs from its manufacturing base in Seaview, and moving the work to Auckland, according to the Engineers Union.
EAST MILLINOCKET, ME, Feb. 13, 2014 (Bangor Daily News) -Gov. Paul LePage's staff and state legislators met Wednesday to explore allowing Cate Street Capital to partner with the owner of several hydroelectric dams to sell electricity and create new revenue that could help restart the Main Street paper mill.
NEENAH, WI, Feb. 13, 2014 (Business Wire) -Bemis Company, Inc. announced today that it has reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately-held company headquartered in Madison, Mississippi and Burlington, Ontario. Terms of the agreement were not disclosed.
TORNESCH, Germany, Feb. 13, 2014 (Press Release) -To match the increasingly stringent requirements of the market in terms of the high-quality finishing and colour-printing of slotted cases, the Panther Group has again invested in the latest technology.
BRUSSELS, Feb. 13, 2014 (PPI Europe) -Germany's Panther Packaging is set to install a new flat-bed die-cutter at its RRK corrugated packaging plant in Bottrop, in North Rhine-Westphalia.