Sustana rebrand unifies distinct fiber businesses

The rebrand lets the company “talk about the whole story,” from material sourcing to recycling, including efforts like its paper cup recycling pilot program with Starbucks.

By Katie Pyzyk • Jan. 17, 2024

2023: A year of packaging leadership changes

International Paper, Berry Global, DS Smith, Stora Enso, SEE and Billerud all announced changes for key leadership roles.

By Packaging Dive Staff • Dec. 26, 2023

2023 packaging trends by the numbers

These are some of the stats that defined policymaking, e-commerce, sustainability, dealmaking and more for the packaging industry across varied substrates and markets.

By Katie Pyzyk , Maria Rachal , Cole Rosengren • Dec. 22, 2023

2023 saw thousands of packaging layoffs amid manufacturing shutdowns

Packaging Dive tracked at least 9,000 packaging-related jobs affected by manufacturing closures and layoffs this year, according to state notices, company disclosures and local news reports.

By Packaging Dive Staff • Dec. 21, 2023

Destocking, a pandemic hangover, lingered in 2023

Inventory imbalances persisted, affecting results at many of the packaging industry’s biggest companies quarter after quarter.

By Maria Rachal • Dec. 20, 2023

After an uneven year, could packaging M&A be picking up speed?

The sector saw blockbuster transactions such as Smurfit Kappa’s pending acquisition of WestRock alongside smaller private equity deals. Experts from Deloitte, Truist and Triad Securities weigh in on what it all means.

By Cole Rosengren • Dec. 18, 2023

Greif details M&A strategy amid ongoing economic headwinds

Greif executives discussed an “extremely weak industrial sector,” downtime at paper mills and other challenges after ending the fiscal year with a nearly 18% decline in total sales. The company is optimistic about growth from acquisitions.

By Maria Rachal • Dec. 8, 2023

DS Smith CEO of 13 years to retire

Miles Roberts' plan to depart follows packaging CEO transition announcements this year at multiple companies. The British paper packaging company also touted six-month results in a “challenging environment.”

By Maria Rachal • Dec. 7, 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

Origin Materials laying off 30% of workforce, prioritizing ‘revenue-generating projects’

Approximately 60 positions will be affected as part of the company’s cost-cutting measures. Origin Materials aims to achieve positive earnings via the realignment.

By Katie Pyzyk • Nov. 21, 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

WestRock Q4 results helped by corrugated, hurt by closures

While the corrugated sector grew, global paper sales declined. The company did not share new details on Smurfit Kappa’s pending acquisition.

By Katie Pyzyk • Nov. 9, 2023

Packaging companies seeing ‘no impact whatsoever’ from weight-loss drugs

Multiple analysts and executives view concerns about potential downstream impacts from popular medications such as Ozempic as being overblown.

By Maria Rachal , Katie Pyzyk • Nov. 6, 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

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

Amcor CEO talks ongoing customer destocking, weak consumer demand

The company reaffirmed its guidance for fiscal year 2024, saying it expects the destocking trend to abate and cost-cutting benefits to kick in during the back half of the year.

By Maria Rachal • 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

International Paper plots recovery from ‘depth and duration of this downturn’

While the downturn is “not like anything we've seen,” demand is on the rebound, said CEO Mark Sutton. Executives also provided more details about a series of recently announced shutdowns and layoffs.

By Katie Pyzyk • Oct. 26, 2023

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

Packaging Corp. to restart idled mill on corrugated demand uptick

As months of destocking woes subside, company executives expect the demand increase to continue for the remainder of 2023, after hitting “rock bottom” in Q1.

By Katie Pyzyk • Oct. 24, 2023

Doheny out as CEO at SEE amid multiple executive changes

The Sealed Air company announced an immediate change for multiple top roles. The move comes a year after the board extended Doheny’s contract to 2027.

By Maria Rachal • Oct. 24, 2023