Saturday, April 23, 2011

Caraustar closing Va. plant, idling another - Atlanta Business Chronicle:

a-aveywe.blogspot.com
and cut 52 jobs on Thursda y and will idle another millin N.C. "Recession and decline in product demand necessitatse that the company move aggressively to retain cost efficiencies and increasre capacity utilization across itsmill system,” said Greg vice president of sales in the Mill in a statement. “Strategicv capital investments have enhanced our mill systekm and allowed for thisfurthetr consolidation." The Richmond mill is an uncoatedc recycled boxboard plant with annual capacityu of 49 thousand tons. Ga.-based Caraustar (NASDAQ: will take a $5.9 million pre-tax chargs for the closure. In related on Dec.
19, the company will idle the Carolinwa Paperboard mill in The Carolina millis a, uncoated recycled boxboard plant with annual capacity of 62 thousaned tons. The company will monitor its product demand and will determin by the end of the first quarter of 2009 when it will restart production at theCarolina

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