Finance
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Containerboard capacity has shrunk nearly 6% in 2025. That may rebalance the market.
North American mill closures could alter the supply and demand dynamic and bring a “golden age” for containerboard following years of oversupply, according to a Truist Securities analyst.
By Katie Pyzyk • June 24, 2025 -
Canada threatens further tariffs on US steel, aluminum
The exact new rate will depend on progress made towards a tariff deal with the Trump administration as of July 21.
By Philip Neuffer • June 20, 2025 -
Danone, DuPont, Green Bay Packaging, Sonoco detail facility expansions
Plus, International Paper is exploring its possibilities in Utah, and Nova Chemicals opened a film recycling plant with Novolex.
By Katie Pyzyk • June 18, 2025 -
Sonoco hires CFO with manufacturing background
The packaging company has hired a finance executive with experience across “diverse manufacturing industries,” who will replace Sonoco’s interim CFO of about six months.
By Maria Rachal • June 17, 2025 -
Retrieved from Crown Holdings on June 16, 2025
Crown names new COO, shuffles other leadership
Crown Holdings will promote some longtime employees as part of the leadership rearrangement. The shifts will especially affect beverage can divisions, which are experiencing sales growth.
By Katie Pyzyk • June 16, 2025 -
How shareholders voted on plastics and packaging proposals in 2025
The National Legal and Policy Center and As You Sow each say they see positives after generating discussion around plastics-related proposals this year, including at Walmart, Mondelēz and The Home Depot.
By Maria Rachal • June 13, 2025 -
Retrieved from Graphic Packaging International on August 19, 2024
GPI details inventory reduction strategy for 2025
Graphic Packaging International is navigating consumer demand fluctuations and economic uncertainty, CFO Stephen Scherger said at an event Wednesday. Reducing inventory and production is part of the 2025 plan.
By Katie Pyzyk • June 12, 2025 -
TriMas hires new CEO from Silgan Containers
Thomas Snyder will assume the top position later this month. His arrival comes amid streamlining measures at TriMas and a recent departure of the company’s chief financial officer.
By Katie Pyzyk • June 9, 2025 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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