Shares of Graphic Packaging Holding Company (NYSE:GPK) ended Friday session in red amid volatile trading. The shares closed down -0.37 points or -2.57% at $14.01 with 2.38 million shares getting traded. Post opening the session at $14.30, the shares hit an intraday low of $13.90 and an intraday high of $14.33 and the price vacillated in this range throughout the day. The company has a market cap of $4.40 billion and the numbers of outstanding shares have been calculated to be 319.11 million shares.
On Aug. 11, 2016 Graphic Packaging International was recognized with a North America Award for Sustainability at the Kellogg Company’s Supplier Recognition Event held in June 2016 in Battle Creek, MI. This inaugural award recognizes suppliers that have demonstrated excellence in corporate responsibility.
Graphic Packaging received the award for their key understanding and support of a Kellogg Company core objective, which is to provide consumers with more sustainable products and easily recyclable product packaging. Recyclable paperboard packaging provides the content and graphics space the Kellogg’s branding team needs in their communication of important sustainability stories to the consumer.
Graphic Packaging is working with multiple teams at Kellogg to offer sustainable paperboard packaging solutions that will resonate with consumers yet protect the product inside. Recycled paperboard is made from paper fibers reclaimed during the recycling process. Virgin paperboard is made from fibers which are sustainably and ethically harvested from pine trees, which are re-planted and are a renewable natural resource. Both recycled and virgin paperboards are used in the packaging solutions that Graphic Packaging provides to customers. Paperboard is the sole material used to manufacture folding cartons like the ones used by Kellogg for Kashi products and the cartons Graphic Packaging produces for other customers from a range of industries.
Andy Johnson, Vice President, Government Affairs and Sustainability at Graphic Packaging International said, “Graphic Packaging International is proud of the progress we have made to become internationally recognized as a company that not only provides sustainable paperboard packaging solutions, but also does what we believe is the right thing to do for the planet and for people. The recognition from Kellogg validates that our program aligns with their expectations and it speaks to the larger consciousness of the consumer, who expects recyclable packaging solutions from the brands they enjoy.”
Shares of Kimberly Clark Corp (NYSE:KMB) ended Friday session in red amid volatile trading. The shares closed down -2.95 points or -2.34% at $122.96 with 2.31 million shares getting traded. Post opening the session at $125.17, the shares hit an intraday low of $122.91 and an intraday high of $125.17 and the price vacillated in this range throughout the day. The company has a market cap of $43.81 billion and the numbers of outstanding shares have been calculated to be 359.64 million shares.
Kimberly Clark Corp (KMB) manufactures and markets personal care, consumer tissue, and professional products worldwide. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brands. The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, and related products under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve, and other brand names.