packagePRINTING

You will be automatically redirected to packageprinting.com in 20 seconds.
Skip this advertisement.

Advertisement
Advertisement
 
 

Caraustar Industries Announces Plant Closure and Production Curtailment

December 12, 2008
ATLANTA—Caraustar Industries, Inc. announced the permanent closure of its Richmond Paperboard mill in Richmond, Virginia, effective December 11, 2008. The Richmond mill is an uncoated recycled boxboard (URB) manufacturing facility with annual capacity of 49 thousand tons. Associated with this mill closure, the company will record a pre-tax charge of approximately $5.9 million, of which approximately $4.7 million will be non-cash. This rationalization is expected to generate an estimated $5.1 million in annual pre-tax savings. The closure of the Richmond mill will affect approximately 52 salaried and hourly employees. Caraustar will provide a comprehensive program of separation pay, benefits coverage and job assistance to the employees affected by the Richmond closure to facilitate their transition to alternate employment.

The company also announced that effective December 19, 2008 it will idle the Carolina Paperboard mill in Charlotte, North Carolina. The Carolina mill is a URB manufacturing facility with annual capacity of 62 thousand tons. The company will continue to monitor its product demand and expects to determine by the end of the first quarter 2009 when it will restart URB production at the Carolina mill.

Greg Bartlett, vice president, sales Mill Group, stated “Recession and declines in product demand necessitate that the company move aggressively to retain cost efficiencies and increase capacity utilization across its mill system. Strategic capital investments have enhanced our mill system and allowed for this further consolidation. We value our customer relationships and will continue to supply all of their needs from other Caraustar mills.”
 

Companies Mentioned:

MORE ON BUSINESS MANAGEMENT >>

FROM THE BOOKSTORE

Whether it is a hard cover novel, a flyer in a retail store or your Sunday newspaper, behind every printed piece there are dozens of important decisions required to make sure it delivers the intended message. <i>Basics of Print Production</i> provides an overview of the steps required to make a creative concept into a printed piece, including: • Developing preliminary and final specifications for a print project • Determining the size and format for a printed piece • Acquiring, scanning, and proofing images • Building the print-ready digital mechanicals • Printing, binding, and finishing the piece • Packing and shipping the piece to its destination Being aware of the basics of a process helps everyone who is involved recognize the time and cost factors as well as the influence of each decision or step on the overall process. This book provides the reader with practical tips and guidelines on each step in the production process. Best Practices for Print Automation

Whether it is a hard cover novel, a flyer in a retail store or your Sunday newspaper, behind every printed piece there are dozens of important decisions required to make sure it delivers the intended message. Basics of Print Production provides an overview of the steps required to make a...

ORDER NOW

The graphic communications industry is facing some very serious challenges, but that doesn't mean there isn't still a lot of life and opportunity in our future. Competing for Print's Thriving Future focuses on how printers can create their own positive future by understanding and taking advantage of the emerging changes — the changes that are shaping the printing industry of today and tomorrow. Use the research, analysis, and forecasts in this book to: • Assess the changes taking place • Understand the changes • Design a plan to deal with the changes Topics include: • Economic forces, life cycle, and competitive position • Place in the national and global economies • Industry structure, cost structure, and profitability trends • Emerging market spaces--ancillary and print management services • Competitive strategies, tactics, and business models • Key practices of SuperPrinters • Combating foreign competition • Social network usage • A ten-step process to survive and thrive Competing for Print’s Thriving Future

The graphic communications industry is facing some very serious challenges, but that doesn't mean there isn't still a lot of life and opportunity in our future. Competing for Print's Thriving Future focuses on how printers can create their own positive future by understanding and taking advantage of the emerging changes...

ORDER NOW

 

MORE ON PRINTING MATERIALS & CONSUMABLES >>

FROM THE BOOKSTORE

Beneficial for the newcomer and the seasoned professional, for students and industry personnel alike, this book helps the reader develop a working knowledge of chemistry basics before progressing into the chemistry involved in the graphic arts. Chemistry for the Graphic Arts

Beneficial for the newcomer and the seasoned professional, for students and industry personnel alike, this book helps the reader develop a working knowledge of chemistry basics before progressing into the chemistry involved in the graphic arts....

ORDER NOW

Paper is the most expensive material used in a printing plant. If you don’t know enough about paper, you could lose money on every job you print. Solving a paper-related problem, or at least identifying its cause, is a skill that can save the printer money and time. To make a profit in an increasingly competitive marketplace, you need the best, most current insight you can find. Learn everything about paper, from printability to handling. What the Printer Should Know About Paper

Paper is the most expensive material used in a printing plant. If you don’t know enough about paper, you could lose money on every job you print. Solving a paper-related problem, or at least identifying its cause, is a skill that can save the printer money and time. To make...

ORDER NOW

 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: