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

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

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

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 combination of Smurfit Kappa and WestRock is expected to make the world’s largest publicly traded packaging company. 

By Packaging Dive Staff • Updated July 5, 2024

Smurfit Kappa finalizes plan to acquire WestRock in 2024

CEOs Tony Smurfit and David Sewell outlined their vision for a leading global packaging company and discussed the outlook for possible divestitures on Tuesday.

By Cole Rosengren , Katie Pyzyk • Sept. 12, 2023

Graphic Packaging closes $262.5M acquisition of folding carton company Bell

The deal, which includes three U.S. converting facilities, grows Graphic’s presence in food service packaging and offers an expansion opportunity into the mailer business.

By Cole Rosengren • Sept. 11, 2023

Packaging innovations: SIG’s cartons give probiotics a long life, Berry Global’s beany redesign

Plus, new products from Printpack and ProAmpac aim to increase packaging sustainability, including through ISCC PLUS certification.

By Katie Pyzyk • Sept. 8, 2023

Sonoco completes $330M deal including WestRock’s stake in RTS Packaging

The transaction, which also includes a mill in Tennessee, adds more than a dozen converting facilities to the company’s portfolio that are focused on protective fiber packaging.

By Cole Rosengren • Sept. 8, 2023

Domtar to ‘indefinitely’ idle Ontario mill, affecting 450 jobs

After years of operating losses at the Ontario mill, the paper and pulp company couldn’t find a way to keep it open, such as through a site sale, it said.

By Katie Pyzyk • Updated Sept. 8, 2023

Berry, Menasha Packaging, Solo Cup plan Illinois layoffs

Companies cited business slowdowns, restructuring and site transformation as reasons for cuts that will impact hundreds of jobs.

By Maria Rachal • Updated Sept. 28, 2023

Inaugural chemical recycling summit exposes challenges, opportunities

Despite challenges, including pushback from environmental groups and government entities, the new industry’s participants are encouraged to “stick it out.”

By Katie Pyzyk • Aug. 31, 2023

Greif executives discuss downtime at mills, signs of industrial recession

The industrial packaging and paper company also announced it’s acquired a majority interest in ColePak, which it described as the second-leading supplier of bulk and specialty partitions in North America.

By Maria Rachal • Aug. 31, 2023