Company expects Q2 2026 earnings of $2.33 per share as prices move higher with previously announced increases.
Papiers et cartons d’emballage
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.