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Global containerboard capacity grew 10%--or about 20 million tons--from 2019 to 2021, but containerboard demand, capacity began to slow in second half of 2022; containerboard capacity down 2% year-over-year in North America, down 0.4% in Europe: Fisher

RBC cuts WestRock's target US$1 to US$37, noting fiscal Q1 adjusted EBITDA below forecast; destocking trend could be approaching end in North America, and corrugated volumes likely to remain somewhat weak to start 2023 before recovering as year progresses

Wells Fargo reiterates WestRock at overweight, lowers target by US$4 to US$42 and reduces estimates for fiscal 2023/2024, noting sub-optimal fiscal Q1 results and below-consensus Q2 guidance, but believes containerboard fundamentals are nearing a bottom

WestRock CEO expects globalĀ paperĀ business headwinds in Q2 as some customers saw higher inventory, 'much softer demand' in Q1, notably in export market for grades likeĀ containerboard; inventory, restocking, customer demand issues could even out in H2

US recycling rates can reach 75% if companies bear costs via EPR, study says; British Columbia, Belgium, Spain, Netherlands hit 78% recycling rates when averaged across materials such as paper, containerboard, aluminum cans, plastic: Recycling Partnership

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