Metsä Group’s innovation company Metsä Spring and Valmet begin construction of the 3D fibre product pilot plant in Äänekoski, Finland. The pilot plant enables testing and further development of the novel process for producing of a new type of packaging solution.The greenfield building will host the pilot line, which converts wood fibre into ready-to-use 3D fibre products, which, in turn, can replace similar packaging solutions made from plastic and aluminium. The goal of the pilot plant project is to develop a new competitive product and the supporting production process and equipment. “Our project is a good example of our role as a pioneering company. We have an ambitious goal to build a significant business based on the top-class know-how of Metsä Group, Valmet and several other companies. We use familiar, sustainably-produced wood fibre as our main raw material and strive to process it into first-class packages while minimising the environmental impact. The pilot plant is developing and testing many new innovations that support, for example, our goal to replace plastic in various packaging solutions,” says Jarkko Tuominen, Project Lead at Metsä Spring.

"Crown got off to an excellent start for the year, driven by strong performances in each of our global beverage can businesses," said Timothy J. Donahue, Chairman, President and Chief Executive Officer. "Combined first quarter beverage can segment income climbed 24% over the prior year, attributable to robust volumes in Brazil and Europe and outstanding operational performance throughout the manufacturing network. Beverage can volume growth in North America, in the low-single digit range, was also better than expected. Increased volumes and improved manufacturing efficiencies propelled a significant advance in income in our North American food can and closures businesses, while Transit Packaging performed in line with expectations. "With respect to global trade tensions, the Company believes it is well-positioned, as essentially all products sold domestically are produced domestically. Moreover, for those select raw materials or components that may need to be imported, our contracts contain tariff pass-through provisions. The Crown team is working diligently in this dynamic environment to optimize supply chains and minimize the potential impact of tariffs.

Second Quarter & Half Year Key Points: *Group revenue growth of 5% for the first six months with strong demand in most markets. *Second quarter EBITDA of €292 million with increased sequential EBITDA margin of 13.9%. *Kraftliner demand robust with additional €50 per tonne price increase implemented in the third quarter. *Containerboard price increases feeding through to corrugated price recovery. Click Read More below for additional details.