Company expects Q2 2026 earnings of $2.33 per share as prices move higher with previously announced increases.
Packaging Paper & Board
Packaging Solutions North America operating profit falls to $248 million on seasonally lower volumes and storm-related cost increases.
Cost savings programme offsets lower prices as group begins market-driven shutdown at Joutseno pulp mill.
Possible temporary layoffs would run from June through December and cover parts of Packaging and Paper, and Pulp, Energy and Circularity.
New Pennsylvania facility targets eCommerce sector and consolidates two prior sites with automated production.
Unbleached packaging paper shipments hit two-year high as operating rate exceeds 90%.
Acquisition includes three facilities with Euro 74 million in annual sales and 350 employees.
Company completes full acquisition of ASV Packaging and invests over Euro 60 million to boost production capacity and automation.
New facility to produce 200 million bags annually for anchor customer Indocement starting in late 2026.
Two-plant operator in Aichi becomes Rengo affiliate after investment follows 2024 supply agreement.
The deal will add a Longview, Washington, mill with 3 paper machines, about 500 employees and about 1 million tons of annual output.
Lower consumer confidence and spending reduce packaging volumes, while transportation and fuel surcharge volatility increase operating costs.
Nearly 5,300 employees now across 39 countries as fiber-based solutions integrate into existing capabilities.
System targets moisture management to improve board consistency and reduce waste.
Restructuring delivers $8 to $12 million in annualized savings while shipment volumes remain unchanged.
Company operates 19 tube and core plants and five paperboard mills across Europe.
Marco Bertola continues as Global CEO as new ownership promises greater R&D investment and market expansion.
Martin á Porta named Deputy Chair as committee leadership assignments confirmed at constitutive meeting.
Acquisition adds 49,000 ft2 corrugated packaging facility as existing leadership team stays in place.
New slitting and distribution site will serve Northern and Eastern India and will complement the Mumbai terminal opened in 2024.