Finance
-
gerenme via Getty Images
Packaging manufacturers worried by 50% tariffs on steel, aluminum
Doubling tariffs on metals imports risks unintended consequences throughout the packaging supply chain, according to the Can Manufacturers Institute and the Aluminum Association.
By Katie Pyzyk • Updated June 2, 2025 -
Katie Pyzyk/Packaging Dive
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 Maria Rachal • May 30, 2025 -
Christopher Doering/Packaging Dive
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 -
Permission granted by Ball Corporation
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 Katie Pyzyk • May 22, 2025 -
Frazao Studio Latino via Getty Images
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 Katie Pyzyk • May 21, 2025 -
Mikola249 via Getty Images
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 Katie Pyzyk • May 20, 2025 -
Retrieved from Domtar on May 19, 2025
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 Katie Pyzyk • May 19, 2025 -
Permission granted by Georgia-Pacific
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 Katie Pyzyk • Updated May 14, 2025 -
Adisak Mitrprayoon via Getty Images
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 Katie Pyzyk • May 14, 2025 -
dkfielding via Getty Images
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 Maria Rachal • May 13, 2025 -
Courtesy of International Paper/Cision
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 Katie Pyzyk • May 12, 2025 -
Courtesy of ExxonMobil
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 Cole Rosengren • May 8, 2025 -
LordRunar via Getty Images
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 Maria Rachal • May 7, 2025 -
Courtesy of O-I Glass
O-I says glass supply chains are a strength amid aluminum tariffs
The Ohio-based company saw shipments grow in Q1, driven in part by advanced purchasing ahead of new tariffs. But in Europe, O-I is curtailing production.
By Maria Rachal • May 5, 2025 -
Permission granted by Graphic Packaging International
Smurfit Westrock, GPI, Hood Container announced facility closures in April
Case Paper Co. also disclosed a change to its footprint. Additionally, O-I Glass shared that it’s reevaluating its operations in France.
By Maria Rachal • May 5, 2025 -
Katie Pyzyk/Packaging Dive
Consumer spending slumps pull down Graphic Packaging’s results
Already cost-stressed consumers further curbed spending in Q1, including at quick-service restaurants, and customer promotions didn’t help, Graphic Packaging International CEO Mike Doss said on the company’s earnings call.
By Katie Pyzyk • May 2, 2025 -
Courtesy of Smurfit WestRock
Smurfit Westrock invests in converting, cuts other production
Footprint optimization continues nine months post merger. Meanwhile, Smurfit Westrock has felt little material impact from tariffs, in part due to recent supply chain reconfiguration, executives said on Thursday’s earnings call.
By Katie Pyzyk • May 1, 2025 -
Foto-Video-Studio via Getty Images
Greif to close Los Angeles mill, end West Coast coated paperboard production
Closing the mill, which manufactures CRB and URB, will affect an estimated 72 employees. The move is part of a multiyear cost reduction plan.
By Katie Pyzyk • Updated May 1, 2025 -
Permission granted by Amcor
Amcor completes acquisition of Berry Global
On an earnings call late Wednesday, Amcor executives detailed intentions for cost reductions and pruning the portfolio, as well as current demand weakness.
By Maria Rachal • Updated May 1, 2025 -
w-ings via Getty Images
Sonoco scales global metal packaging business, downplays tariff exposure
The company is progressing on the integration of Eviosys, now known as Sonoco Metal Packaging EMEA. Europe now accounts for nearly 40% of Sonoco’s business, executives noted.
By Maria Rachal • April 30, 2025 -
Rachel Pollack/Packaging Dive
International Paper sees Q1 sales boost despite economic uncertainty
Much of the uptick occurred due to IP’s acquisition of DS Smith in January. Meantime, CEO Andy Silvernail reflected on the company’s transformation during his one year at the helm.
By Katie Pyzyk • April 30, 2025 -
temp via Getty Images
Packaging manufacturers post Q1 results
Discussions of tariff impacts are a through line in earnings calls so far. Catch up on commentary from Sealed Air, Ball, Graphic Packaging International, Smurfit Westrock and more.
By Packaging Dive Staff • Updated May 8, 2025 -
OlenaMykhaylova via Getty Images
Crown cautiously optimistic for 2025 growth
The cans manufacturer raised guidance for 2025 after a stronger than expected first quarter. Speaking on tariffs, Crown Holdings executives also quantified estimates for direct and indirect impacts.
By Maria Rachal • April 29, 2025 -
gerenme via Getty Images
Ardagh Metal Packaging expects ‘minimal impact’ from tariffs
Domestic sourcing, regional production and consumption, lack of empty-can imports and cost pass-throughs in contracts are all benefiting the company, executives said.
By Maria Rachal • April 25, 2025 -
niuniu via Getty Images
TricorBraun names new CEO
The global packaging supplier is bringing in an executive from the truck equipment sector who previously worked with current head Court Carruthers.
By Maria Rachal • April 23, 2025
