This report was prepared in reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Containers and Packaging 2018 Sustainability Accounting Standard.
Following the recent completion of its brand refresh, PPC Flex continues its journey of evolution with the introduction of a revamped website that reflects the company's renewed vision, values, and dedication to innovation.
The two companies will leverage combined fiber and film-based materials science expertise to create environmentally friendly flexible packaging products.
In 2023, the flexible packaging industry saw positive developments despite challenges for some firms. Sonoco achieved record profits, TC Transcontinental maintained stable revenues and increased earnings, and Winpak benefited from lower raw material prices, improving profit margins. The industry's consolidation trend was also evident in the Top 25 converters list for the year.
It’s not that business stopped with the onset of the COVID-19 pandemic, but thanks to medical advances, this year’s top 25 converters were able to take things out of idle and put it back in drive.