Corporate News
Nippon Dynawave was aware of tank wall concerns, CSB finds
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a preliminary investigation update on Friday, stating that the white liquor storage tank at Nippon Dynawave Packaging Company's Longview, Washington facility had been identified with serious safety hazards during multiple inspections but continued operating until a fatal collapse on May 26, 2026. The CSB reported that an inspection in July 2025 had found multiple areas of the tank shell thinned below the minimum safe thickness, with the report explicitly noting it was "not suitable for continued service" and had a "high likelihood/consequence of failure," yet the company took no action to shut down or repair the tank.
Former Amcor flexibles leader to join Kaiser Aluminum as CEO
Kaiser Aluminum has appointed Fred Stephan, previously Amcor's global flexibles COO, as its new president and CEO, effective Nov. 1. Stephan will succeed Keith Harvey, who will remain executive chairman through 2027. The company, which serves packaging and other end markets, recently reported strong quarterly results.
GPI hit with 2nd securities lawsuit from shareholders
For the second time in 2025, Graphic Packaging International, along with former CEO Mike Doss and former CFO Stephen Scherger, has been named in a shareholder lawsuit alleging securities law violations and breaches of fiduciary duty. The new complaint also targets current CEO Robbert Rietbroek, eight sitting board members, and a retired director. The company says the allegations are substantially similar to the earlier case and plans to defend vigorously.
Ardagh considers selling off metal packaging business after restructuring
Ardagh Holdings disclosed in regulatory filings that its board has directed advisers to prepare for a possible sale of Ardagh Metal Packaging (AMP), which could involve selling some or all of its equity interests in the beverage can maker. The company recently completed a recapitalization and leadership changes. Analysts suggest the move is driven by a desire to cut debt and monetize its stake, given AMP's recent performance and positive sector outlook. AMP operates 23 facilities across nine countries and generated $5.5 billion in sales in 2025.
Amcor talks Berry synergies at 1-year mark
Amcor's fiscal Q4 2026 results show net sales of $6.4B, up 25.9% YoY, driven by the Berry Global acquisition. Synergies reached ~$285M, 10% above initial projections. The company faces $500M war-related costs but expects recovery via working capital improvements. A six-month transition period precedes calendar-year alignment.
Pricing actions dominate quarterly fiber discussions
主要纤维企业第二季度财报电话会议显示，定价策略成为焦点。Clearwater Paper、Huhtamaki、Mondi和Sylvamo等公司均提及成本压力与提价措施，同时行业供应格局正在调整。
Cascades price hikes align with ‘reality of the economy,’ CEO says
Cascades' Q2 2026 earnings beat expectations, with net sales up 2.7% to $1.22B and net earnings of $21M. CEO Hugues Simon discussed the rationale behind recent containerboard price hikes, citing tight fiber supply and unprecedented cost inflation, and outlined the company's mitigation plans for the new 50% U.S. tariffs on Canadian imports.
Sonoco names global consumer packaging leader amid restructuring
Sonoco has again adjusted its business structure, placing the global consumer packaging team under unified leadership. Ernest Haynes has been appointed President of Global Consumer Packaging, reporting directly to CEO Howard Coker. The business covers 25 countries, employs 11,250 people, and generates annual sales of $5.2 billion. Sean Cairns, previously responsible for EMEA and Asia-Pacific, is leaving the company after 17 years of service.