U.S. Containerboard Production Decreased 2.4 Percent in August 2019
The containerboard operating rate increased from 89.9 percent in July to 92.8 percent in August — the highest rate so far this year.
Sept. 18, 2019 - The American Forest & Paper Association (AF&PA) has released the August 2019 Containerboard Monthly report. According to the report, containerboard production in August 2019 decreased 2.4 percent compared to August 2018 and was down 4.9 percent year-to-date. The average daily production compared to July 2019 was 3.2 percent higher. The containerboard operating rate increased from 89.9 percent in July to 92.8 percent — the highest rate so far this year. The total linerboard rate increased to 91.6 percent, going above 90 percent for only the third time this year. Nevertheless, the August total operating rate was 4.6 points lower than the same month last year, and the year-to-date operating rate was down 6.3 points. Production for export, most of which is linerboard, was down 12.2 percent month-over-month and was down 17.7 percent year-to-date. The American Forest & Paper Association (AF&PA) serves to advance a sustainable U.S. pulp, paper, packaging, tissue and wood products manufacturing industry through fact-based public policy and marketplace advocacy. AF&PA member companies make products essential for everyday life from renewable and recyclable resources and are committed to continuous improvement through the industry's sustainability initiative — Better Practices, Better Planet 2020. The forest products industry accounts for approximately four percent of the total U.S. manufacturing GDP, manufactures approximately $300 billion in products annually, and employs nearly 950,000 men and women. The industry meets a payroll of approximately $55 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at www.afandpa.org or follow us on Twitter @ForestandPaper. SOURCE: AF&PA |