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Mayr-Melnhof Karton: Franz Rappold Resigns From Management Board

Wednesday, 24 Apr 2019 05:44am EDT

April 24 (Reuters) - MAYR MELNHOF KARTON AG ::FRANZ RAPPOLD RESIGNS FROM THE MANAGEMENT BOARD.MAYR MELNHOF KARTON - RAPPOLD RESIGNS AT HIS OWN REQUEST FROM MANDATE, WHICH WOULD HAVE EXPIRED MID-MAY 2020, PREMATURELY BY END OF JUNE 2019..TRANSFER OF MANAGEMENT RESPONSIBILITY WILL TAKE PLACE WITHIN LONG-TERM SUCCESSION PLANNING.

DS Smith Explores Sale of Plastics Division; HY Profit Rises

Thursday, 6 Dec 2018 02:00am EST

Dec 6 (Reuters) - DS Smith PLC ::DS SMITH PLC -HY REPORTED REVENUE £3,073M +15%.DS SMITH PLC - HY ADJUSTED OPERATING PROFIT £304M +32%.DS SMITH PLC - HY PROFIT BEFORE TAX £162M +27%.DS SMITH PLC - INTERIM DIVIDEND PER SHARE 5.2P +14%.DS SMITH PLC - OUTLOOK REMAINS POSITIVE AS WE BEGIN OUR SECOND HALF WITH GOOD MOMENTUM.DS SMITH PLC - RECOVERY OF PAPER PRICE INCREASES THAT HAS BEEN ONGOING OVER PAST 12 - 18 MONTHS IS NOW COMPLETED.DS SMITH - HAS CONCLUDED THAT IT IS AN ATTRACTIVE ASSET WITH GOOD GROWTH PROSPECTS, AND NOW EXPLORING OPPORTUNITIES FOR A POTENTIAL SALE OF DIVISION.DS SMITH PLC - AS SUCH, PLASTICS DIVISION IS NOW BEING TREATED AS DISCONTINUED.

Mondi To Simplify Corporate Structure Into Single Holding Company

Monday, 19 Nov 2018 10:30am EST

Nov 19 (Reuters) - Mondi PLC ::JSE: MND - MNP - SIMPLIFICATION OF CORPORATE STRUCTURE.MONDI - PROPOSING TO SIMPLIFY EXISTING MONDI STRUCTURE FROM DUAL LISTED STRUCTURE ("DLC") INTO A SINGLE HOLDING COMPANY STRUCTURE UNDER MONDI PLC.MONDI PLC - WILL CONTINUE TO HAVE PREMIUM LISTING ON LSE AND WILL HAVE AN INWARD SECONDARY LISTING ON JSE QUOTED IN RAND.MONDI PLC - MONDI LIMITED SHAREHOLDERS WILL RECEIVE ONE NEW MONDI PLC SHARE IN EXCHANGE FOR EACH MONDI LIMITED SHARE HELD.MONDI PLC - SIMPLIFICATION WILL NOT RESULT IN ANY CHANGES TO MANAGEMENT, OPERATIONS, LOCATIONS, ACTIVITIES OR STAFFING LEVELS OF MONDI GROUP.MONDI- OPERATING AS A COMBINED CO, MONDI IS GOVERNED BY COMPLEX ARRANGEMENTS TO MAINTAIN PARITY BETWEEN ECONOMIC AND VOTING RIGHTS OF SHAREHOLDERS.MONDI - AFTER SIMPLIFICATION, EACH MONDI SHAREHOLDER TO HAVE SAME VOTING AND CAPITAL INTERESTS AS EACH MONDI LIMITED, MONDI PLC SHAREHOLDER CURRENTLY.MONDI PLC - REMAINS FULLY COMMITTED TO SOUTH AFRICA WITH SOUTH AFRICAN OPERATIONS BEING AN IMPORTANT PART OF MONDI.MONDI - RECEIVED APPROVAL FROM MINISTER OF FINANCE THROUGH SOUTH AFRICAN RESERVE BANK TO SIMPLIFY EXISTING MONDI GROUP STRUCTURE.MONDI- STREAMLINING CORPORATE STRUCTURE WILL ALLOW CONTINUED INVESTMENT IN SOUTH AFRICAN OPERATIONS, ESTIMATED AT OVER R8 BILLION OVER NEXT FIVE YEARS.MONDI PLC - SIMPLIFICATION WILL ALSO ENHANCE STRATEGIC FLEXIBILITY, INCREASE TRANSPARENCY AND REMOVE COMPLEXITY ASSOCIATED WITH CURRENT STRUCTURE.

Mondi To Simplify Corporate Structure Into Single Holding Company

Monday, 19 Nov 2018 10:30am EST

Nov 19 (Reuters) - Mondi PLC ::JSE: MND - MNP - SIMPLIFICATION OF CORPORATE STRUCTURE.MONDI - PROPOSING TO SIMPLIFY EXISTING MONDI STRUCTURE FROM DUAL LISTED STRUCTURE ("DLC") INTO A SINGLE HOLDING COMPANY STRUCTURE UNDER MONDI PLC.MONDI PLC - WILL CONTINUE TO HAVE PREMIUM LISTING ON LSE AND WILL HAVE AN INWARD SECONDARY LISTING ON JSE QUOTED IN RAND.MONDI PLC - MONDI LIMITED SHAREHOLDERS WILL RECEIVE ONE NEW MONDI PLC SHARE IN EXCHANGE FOR EACH MONDI LIMITED SHARE HELD.MONDI PLC - SIMPLIFICATION WILL NOT RESULT IN ANY CHANGES TO MANAGEMENT, OPERATIONS, LOCATIONS, ACTIVITIES OR STAFFING LEVELS OF MONDI GROUP.MONDI- OPERATING AS A COMBINED CO, MONDI IS GOVERNED BY COMPLEX ARRANGEMENTS TO MAINTAIN PARITY BETWEEN ECONOMIC AND VOTING RIGHTS OF SHAREHOLDERS.MONDI - AFTER SIMPLIFICATION, EACH MONDI SHAREHOLDER TO HAVE SAME VOTING AND CAPITAL INTERESTS AS EACH MONDI LIMITED, MONDI PLC SHAREHOLDER CURRENTLY.MONDI PLC - REMAINS FULLY COMMITTED TO SOUTH AFRICA WITH SOUTH AFRICAN OPERATIONS BEING AN IMPORTANT PART OF MONDI.MONDI - RECEIVED APPROVAL FROM MINISTER OF FINANCE THROUGH SOUTH AFRICAN RESERVE BANK TO SIMPLIFY EXISTING MONDI GROUP STRUCTURE.MONDI- STREAMLINING CORPORATE STRUCTURE WILL ALLOW CONTINUED INVESTMENT IN SOUTH AFRICAN OPERATIONS, ESTIMATED AT OVER R8 BILLION OVER NEXT FIVE YEARS.MONDI PLC - SIMPLIFICATION WILL ALSO ENHANCE STRATEGIC FLEXIBILITY, INCREASE TRANSPARENCY AND REMOVE COMPLEXITY ASSOCIATED WITH CURRENT STRUCTURE.

International Paper Q3 Earnings Per Share $1.37

Thursday, 25 Oct 2018 07:00am EDT

Oct 25 (Reuters) - International Paper Co ::INTERNATIONAL PAPER REPORTS THIRD QUARTER 2018 EARNINGS.Q3 ADJUSTED OPERATING EARNINGS PER SHARE $1.56.Q3 EARNINGS PER SHARE $1.37.Q3 SALES $5.9 BILLION VERSUS $5.5 BILLION.INTERNATIONAL PAPER - Q3 INCLUDED PRE-TAX CHARGE OF $122 MILLION RELATED TO IMPAIRMENT OF FIXED ASSETS & AN INTANGIBLE ASSET IN BRAZIL PACKAGING BUSINESS.INTERNATIONAL PAPER - GLOBAL CELLULOSE FIBERS RESULTS IN QUARTER WERE NEGATIVELY IMPACTED BY $28 MILLION ASSOCIATED WITH HURRICANE FLORENCE.PRINTING PAPERS RESULTS WERE NEGATIVELY IMPACTED BY $7 MILLION ASSOCIATED WITH HURRICANE FLORENCE IN QUARTER.

Huhtamaki Q3 Adjusted EBIT Down At EUR 56.5 Million

Thursday, 25 Oct 2018 01:30am EDT

Oct 25 (Reuters) - Huhtamaki Oyj ::REG-HUHTAMÄKI OYJ'S INTERIM REPORT JANUARY 1-SEPTEMBER 30, 2018: GOOD NET SALES DEVELOPMENT, MARGINS IMPACTED BY INCREASED COSTS.Q3 ADJUSTED EBIT WAS EUR 56.5 MILLION (EUR 64.3 MILLION).Q3 NET SALES WERE EUR 780 MILLION (EUR 732 MILLION).EARNINGS CONTINUED TO DEVELOP FAVORABLY IN FOODSERVICE EUROPE-ASIA-OCEANIA BUSINESS SEGMENT WHILE DECLINED IN OTHER SEGMENTS.EARNINGS DECLINE IN NORTH AMERICA WAS DUE TO HIGHER DISTRIBUTION COSTS AND COSTS RELATED TO START-UP OF GOODYEAR PLANT.Q3 EBIT EUR 56.4 MILLION (EUR 64.3 MILLION).GROUP'S TRADING CONDITIONS ARE EXPECTED TO REMAIN RELATIVELY STABLE DURING 2018.2018 CAPITAL EXPENDITURE IS EXPECTED TO BE APPROXIMATELY AT SAME LEVEL AS IN 2017.

Huhtamaki Mulls Closing Of "Non-Competitive" Production Lines

Tuesday, 2 Oct 2018 01:00am EDT

Oct 2 (Reuters) - Huhtamaki Oyj ::HUHTAMAKI TO IMPROVE EFFICIENCY AND PROFITABILITY - EFFECT APPROXIMATELY EUR -30 MILLION IN IAC IN Q4 2018.CONSIDERING TO CLOSE AND WRITE-OFF NON-COMPETITIVE PRODUCTION LINES..PLANS TO SPEED-UP ACTIONS TO IMPROVE PRODUCTIVITY BY INVESTING FURTHER IN AUTOMATION..PLANNED ACTIONS ARE ESTIMATED TO RESULT IN ANNUAL IMPROVEMENTS OF APPROXIMATELY EUR 15-18 MILLION WITH FULL IMPACT IN 2020.ESTIMATES THAT EFFECT OF WRITE-OFFS AND OTHER ACTIONS AMOUNTS TO APPROXIMATELY EUR -30 MILLION,.

Foshan Huaxin Packaging dissolves Kunshan-based unit

Monday, 21 May 2018 11:35pm EDT

May 22(Reuters) - Foshan Huaxin Packaging Co Ltd <200986.SZ>:Says it completed dissolution of Kunshan-based wholly owned packaging and printing unit.

Foshan Huaxin Packaging to dissolve packaging technology unit

Monday, 21 May 2018 11:32pm EDT

May 22(Reuters) - Foshan Huaxin Packaging Co Ltd <200986.SZ>:Says it plans to dissolve a wholly owned packaging technology unit .

Daio Paper to merge with unit elleair paper

Tuesday, 15 May 2018 07:13am EDT

May 15 (Reuters) - Daio Paper Corp <3880.T>:Says it plans to merge with its wholly owned unit elleair paper Co, with effective date on July 1.Says unit will be dissolved after merger .

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