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Paper Industry

All articles tagged with #paper industry

business2 years ago•3 min saved

Smurfit Kappa and WestRock Merge to Form $20B Packaging Giant

Smurfit Kappa, Europe's largest paper and packaging producer, is acquiring U.S. rival WestRock for $11 billion to create the world's largest paper and packaging company. The deal aims to navigate weak economies on both sides of the Atlantic. Smurfit Kappa shares dropped 10% while WestRock's rose 7.2% as analysts questioned the premium paid by Smurfit Kappa. The combined entity will have a market share of around 20% in the corrugated packaging market in Europe and North America. The deal is expected to be completed in the second quarter of 2024.

via Reuters.com|

#business #merger #packaging

politics2 years ago•5 min saved

Navigating the 'Woke' Dilemma: Insights from Recent Polls

Republican politicians who sought to capitalize on anti-woke sentiment and make sustainable investing a campaign issue are facing voter disinterest, as a Morning Consult survey found that less than half of voters think corporations are pushing "wokeness" too far. Majorities in both parties oppose government limits on ESG investments, and there are signs of resistance at the state level. Meanwhile, Florida's Department of Education has approved the use of Prager University Foundation videos in classrooms, which include climate-denial content. The paper industry continues to lead in recyclability, with a recycling rate of 68%, but opposes state-level proposals to shift the responsibility of recycling onto packaging producers.

via POLITICO|

#climate-denial #esg #paper-industry