U.S. Containerboard Production Increased 10 Percent in February 2020
The containerboard operating rate in February 2020 was 93.4 percent, up 3.1 points from February 2019 and up 3.0 points year-to-date.
March 17, 2020 - The American Forest & Paper Association (AF&PA) released its February 2020 U.S. Containerboard Monthly report. According to the report, total containerboard production in February increased 10 percent compared to February 2019. It was up seven percent when compared to the same two months of 2019. February 2020 production of containerboard for export increased 55 percent compared to the same month last year; it was up 46 percent year-to-date. The containerboard operating rate was 93.4 percent, up 3.1 points from February 2019 and up 3.0 points year-to-date. Mill inventories of containerboard at the end of February increased 29,000 short tons from the previous month, and were up 44,000 short tons compared to February 2019. The complete report with detailed tables, charts and historical data can be purchased by contacting Kory Bockman at Statistics_Publications@afandpa.org or 202-463-4716. 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 |