1. Packaging Business in MyanmarRead more
The two companies had previously worked co-operatively in the Indian market and Supack's management is not slated to change.Read more
In addition to the corrugated sheet business under the Aquila brand, VPK Packaging Group has launched its corrugated packaging business in Poland.
This investment has been triggered by the strategic need for improving the service to VPK Group European Customers and geographical coverage of VPK's corrugated packaging facilities. The focus is to supply the Polish locations of European Key Accounts under our Blue Box Partners association.Read more
Fourth Quarter Highlights
Q4 Adjusted Earnings per Diluted Share increased to $0.21 versus $0.17 in the prior year period.
Q4 Adjusted EBITDA increased to $171.8 million versus $158.3 million in the prior year period.
Company initiates $0.05 per share quarterly dividend and $250 million share repurchase program.
Company acquires folding carton converting and paperboard mill assets of Cascades' Norampac Division.
The value of the order was not disclosed.
"The [new line] can process sheets measuring up to 1700 x 2500 mm, which actually exceeds Xb size, and it is suitable for single wall or double wall corrugated cardboard and also solid cardboard," the firm said in a statement.
This large-format machine can process 2,000 to 3,000 sheets per hour.Read more
ÅR Packaging estimates that the acquired business generated approximately Euro 18 million in EBITDA for 2014. "More than Euro 10 million of restructuring costs is expected over the next two years, potentially resulting in annualized synergy effects of up to Euro 4 million," the firm said.Read more