URB

Sonoco Announces Uncoated Paperboard (URB) Mill Closure in Sumner, Washington

Retrieved on: 
Monday, February 5, 2024

HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately.

Key Points: 
  • HARTSVILLE, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest global sustainable packaging companies, today announced that it will permanently close its uncoated paperboard (URB) mill operations in Sumner, Washington effective immediately.
  • The mill has been in operation since 1915 and owned by Sonoco since 1980.
  • This decision was made as part of Sonoco’s ongoing strategy to optimize our mill network and lower operating costs.
  • The closure is expected to impact 55 employees and Sonoco will offer severance benefits to the impacted employees.

WestRock Reports First Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, February 1, 2024

Net income declined in the first quarter of fiscal 2024 compared to the prior year quarter primarily due to lower selling price/mix, the impact of increased economic downtime and prior year mill closures, lower volumes excluding the Mexico Acquisition and higher restructuring and other costs, net.

Key Points: 
  • Net income declined in the first quarter of fiscal 2024 compared to the prior year quarter primarily due to lower selling price/mix, the impact of increased economic downtime and prior year mill closures, lower volumes excluding the Mexico Acquisition and higher restructuring and other costs, net.
  • Restructuring and other costs, net during the first quarter of fiscal 2024 were $66 million.
  • Net cash provided by operating activities was $275 million in the first quarter of fiscal 2024 compared to $266 million in the prior year quarter.
  • During the first quarter of fiscal 2024, WestRock invested $247 million in capital expenditures and returned $78 million in capital to stockholders in dividend payments.

Greif Announces Price Increase for Uncoated Recycled Paperboard (URB), Tube and Core and Protective Packaging Products

Retrieved on: 
Friday, January 5, 2024

DELAWARE, Ohio, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today it is implementing a $40 to $70 per short ton increase for all grades of uncoated recycled paperboard (URB) and a minimum 6.0 percent increase on all tube and core and protective packaging products.

Key Points: 
  • DELAWARE, Ohio, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced today it is implementing a $40 to $70 per short ton increase for all grades of uncoated recycled paperboard (URB) and a minimum 6.0 percent increase on all tube and core and protective packaging products.
  • The uncoated recycled paperboard increase is effective with new orders and shipments on and after February 5, 2024.
  • The tube and core and protective packaging increase is effective with shipments on and after February 12, 2024.
  • The tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products.

Urbana Corporation Declaration of Dividend

Retrieved on: 
Thursday, January 4, 2024

TORONTO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana" or the “Corporation”) (TSX and CSE: URB, URB.A) announces that today its Board of Directors has declared a dividend of twelve cents ($0.12) per share (the “2024 Dividend”), on the issued and outstanding Common and non-voting Class A shares of Urbana. The 2024 Dividend represents a 9% increase from the dividend the Corporation paid in 2023, which was $0.11 per share. The dividend is payable on the 31st day of January, 2024 to the Shareholders of record at the close of business on the 17th day of January, 2024. The ex-dividend date is the 16th day of January, 2024.

Key Points: 
  • /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
    TORONTO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana" or the “Corporation”) (TSX and CSE: URB, URB.A) announces that today its Board of Directors has declared a dividend of twelve cents ($0.12) per share (the “2024 Dividend”), on the issued and outstanding Common and non-voting Class A shares of Urbana.
  • The 2024 Dividend represents a 9% increase from the dividend the Corporation paid in 2023, which was $0.11 per share.
  • Eligible Dividend Designation - pursuant to subsection 89(14) of the Income Tax Act of Canada (ITA) each dividend paid by Urbana qualifies as and is designated an eligible dividend for Canadian income tax purposes, as defined in subsection 89(1) of the ITA.
  • Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Sonoco Implementing Price Increase for all Paperboard Converted Products

Retrieved on: 
Monday, December 18, 2023

HARTSVILLE, S.C., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024.

Key Points: 
  • HARTSVILLE, S.C., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it will raise the price for all converted paperboard products by a minimum of 6 percent, effective with shipments in the United States and Canada, on or after February 1, 2024.
  • “This price increase is necessary due to continued increases in costs for uncoated recycled paperboard (URB), our primary raw material,” said Mike Thompson, Vice President of Sales and Marketing for Sonoco’s North American Converted Paper Products Division.

Sonoco Implementing Price Increase for Uncoated Recycled Paperboard

Retrieved on: 
Wednesday, December 13, 2023

HARTSVILLE, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 1, 2024.

Key Points: 
  • HARTSVILLE, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON) today announced it is implementing a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) in the United States and Canada, effective with shipments beginning February 1, 2024.
  • This price action is necessary to offset increased input costs.

Membership of the Integrated Grain Processors Co-operative Inc. (“IGPC”) votes in favour of pursuing the sale of the business of IGPC

Retrieved on: 
Tuesday, December 12, 2023

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana" or the “Corporation”) (TSX and CSE: URB, URB.A).

Key Points: 
  • Integrated Grain Processors Co-Operative Inc. (“IGPC”) is one of Urbana Corporation’s private equity holdings.
  • Urbana Corporation owns approximately an 18% equity stake in IGPC.
  • On Wednesday, December 6th, the membership of IGPC voted in favour of its Board of Directors pursuing the sale of the business of IGPC.
  • The sale process is expected to take a minimum of six months.

San Juan Drivers Can Now Conveniently Order Vehicle Parts at Flagship Mazda

Retrieved on: 
Wednesday, November 8, 2023

SAN JUAN, Puerto Rico, Nov. 8, 2023 /PRNewswire-PRWeb/ -- Flagship Mazda has been a cornerstone in San Juan, Puerto Rico, providing top-tier service and automotive solutions. Customers now have the facility to order high-quality OEM parts directly from Flagship Mazda's website, ensuring a seamless and hassle-free experience. With a user-friendly interface, customers can easily access a wide range of authentic components.

Key Points: 
  • The Flagship Mazda dealership extends a helping hand to San Juan drivers with vehicle parts ordering.
  • SAN JUAN, Puerto Rico, Nov. 8, 2023 /PRNewswire-PRWeb/ -- Flagship Mazda has been a cornerstone in San Juan, Puerto Rico, providing top-tier service and automotive solutions.
  • Customers now have the facility to order high-quality OEM parts directly from Flagship Mazda's website , ensuring a seamless and hassle-free experience.
  • Apart from the new parts ordering service, Flagship Mazda proudly offers a vast collection of new and used Mazda vehicles, catering to diverse preferences.

URB Remodeling Expands Availability for Kitchen and House Remodeling Projects in Chicago

Retrieved on: 
Saturday, October 21, 2023

CHICAGO, Oct. 21, 2023 /PRNewswire-PRWeb/ -- Today, URB Remodeling, a leading Chicago-based remodeling company, announced that it is increasing its availability for kitchen and overall house remodeling projects in the Chicago area.

Key Points: 
  • URB Remodeling, a leading Chicago-based remodeling company, announced that it is increasing its availability for kitchen and overall house remodeling projects in the Chicago area.
  • CHICAGO, Oct. 21, 2023 /PRNewswire-PRWeb/ -- Today, URB Remodeling, a leading Chicago-based remodeling company, announced that it is increasing its availability for kitchen and overall house remodeling projects in the Chicago area.
  • URB Remodeling specializes in a range of remodeling services, including kitchen and bathroom remodels, basement finishing, room additions, and more.
  • "At URB Remodeling, we pride ourselves on delivering high-quality remodeling services that meet the unique needs of our clients," said Remi Taylor, President of URB Remodeling.

Exciting News: Flagship Mazda Now Adds the 2024 Mazda CX-90 to Its Inventory

Retrieved on: 
Monday, September 4, 2023

SAN JUAN, Puerto Rico, Sept. 4, 2023 /PRNewswire-PRWeb/ -- Flagship Mazda, a name synonymous with automotive excellence, is proud to announce the latest addition to its distinguished lineup — the 2024 Mazda CX-90. This powerful and sophisticated SUV is set to redefine the driving experience.

Key Points: 
  • San Juan drivers can test drive the latest 2024 Mazda CX-90 at the Flagship Mazda dealership.
  • SAN JUAN, Puerto Rico, Sept. 4, 2023 /PRNewswire-PRWeb/ -- Flagship Mazda , a name synonymous with automotive excellence, is proud to announce the latest addition to its distinguished lineup — the 2024 Mazda CX-90.
  • Its sleek, aerodynamic silhouette is punctuated by bold lines and an imposing front grille, making a statement wherever it roams.
  • Customers who want to test drive the 2024 Mazda CX-90 can contact Flagship Mazda by dialing 787-302-2713.