Containerboard: Cascades benefits from recycled-content position with a 24.5% margin in 2Q
NEW YORK, Aug. 16, 2019 (PPI Pulp & Paper Week) -Cascades' major recycled-content containerboard production position helped the company's board and corrugated business increase its second-quarter operating income by 11.8% before depreciation (OIBD) vs second-quarter 2018's OIBD.
Cascades also reported containerboard OIBD was up slightly over its first quarter OIBD, even though industry prices dropped on the benchmark 42-lb unbleached kraft linerboard for the first time in three years by $30/ton, according toPPI Pulp & Paper Week's survey. Also, Cascades year-over-year sales fell 2.7% to C$462 million in the quarter.
One of the key defining factors for the company's performance was old ...