Graphic Packaging Holding Co - Company Profile

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Graphic Packaging Holding Co: Segment Analysis

Business Description

Graphic Packaging Holding Co (Graphic Packaging) is a provider of fiber-based consumer packaging solutions. It provides a range of products for companies in the food service, food and beverage and other consumer product industries. It offers products like folding cartons, coated unbleached kraft paperboard, coated-recycled paperboard, coated unbleached kraft paperboard, fiber-based packaging, and solid bleached sulfate paperboard. It also offers packaging machinery, which includes fully enclosed multipack machinery, basket multipack machinery, wrap and clip style multipack machinery, pick and place machines, labeling systems, carton formers, cartoners and sleeve wrapping machinery and custom systems. The company’s packaging applications offer strength packaging, promotional packaging, convenience and cooking packaging and barrier packaging. The company operates through three reportable business segments: Paperboard Manufacturing, Americas Paperboard Packaging and Europe Paperboard Packaging. As of December 31, 2023, the company operated seven mills.

R&D Overview

The company’s research and development initiatives focus on understanding long-term consumer and retailer trends to create relevant new packaging. The company's development efforts include developing sustainable consumer packaging made from renewable resources, packaging alternatives to replace plastic packaging, extending the shelf life of customers’ products, reducing production and waste costs, enhancing the heat-managing characteristics of food packaging, improving the sturdiness and compression strength of packaging, and refining packaging appearance through new printing techniques and materials. The company also focuses on developing innovative, sustainable consumer packaging solutions that are recyclable and help customers achieve their packaging sustainability goals. The research and development unit of Graphic works directly with its sales, marketing, and consumer insights personnel. The unit's role is to understand long-term consumer and retailer trends and create relevant new packaging. As of December 31, 2023, the company had a wide patent portfolio of more than 2,900 US and foreign patents and with more than 850 pending US and foreign patent applications. In FY2023, the company spent US$16 million on R&D, which as a percentage of revenue, stood at 0.1%.

Business Segments

Overview

- Offers folding cartons to consumer-packaged goods (CPG) companies. Also, offers lids, food containers and cups to food service and quick service restaurants. - Serves food, beverage, and consumer products markets in the Americas. -The segment's strategy is to provide paperboard packaging solutions to CPG companies and foodservice providers, catering to their specific needs in the food, beverage, and consumer product markets.

Performance

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Overview

- Provides folding cartons to CPG companies serving markets such as food, beverage, consumer products such as healthcare and beauty industry in Europe. -The segment's strategy is to provide paperboard packaging solutions primarily to CPG companies in Europe, with a focus on serving the food, beverage, and consumer product markets, including healthcare and beauty.

Performance

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Overview

- Offers coated unbleached kraft (CUK), solid bleached sulfate paperboard (SBS) and coated recycled board (CRB). The segment serves a wide range of industries, including consumer goods, foodservice, and others. The segment’s strategy is to integrate the production of paperboard with the creation of consumer packaging solutions, leveraging its manufacturing capabilities to meet both internal and external demand.

Performance

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Performance

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Geographical Segments

Performance

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Performance

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