FEATURES, INTERVIEWS & REPORTS

Higher inbound logistics and raw material costs pressured margins in the quarter.

Packaging volumes beat forecasts, total shipments up 9% sequentially, boxes +6%, external paper +11%. CEO Hugues Simon said fiber rolls are “extremely tight” as demand outstrips shipping capacity.

CEO Robbert Rietbroek, who took over earlier this year, said the company delivered solid Q2 results, with adjusted EBITDA at the top of guidance, despite higher-than-expected inflation, while staying on track with its near-term priorities.

Ogunjobi emphasized sustainable production, urging industry players to adopt waste recovery, recycling, and environmentally responsible manufacturing.

The company has announced over US$210 million in EMEA cost-saving measures, including 31 facility closures and net reductions of more than 3,000 positions.

Despite the milestone, CEO David Katz stressed that the challenge persists, an estimated 11 million tonnes of plastic enter the oceans each year, equivalent to a refuse truckload every minute.

The US$10.8 million increase in G&A expenses was primarily attributable to $3.1 million in non-cash share-based compensation.

Across the Middle East and Africa, the packaging industry moved from ambition to action with a velocity that caught even seasoned observers off guard, policy…

Mondi’s six plant closures over six months, two done, four due by year-end, will affect ~800 customers and cut ~580 positions.