ovaluleq.wordpress.com
and cut 111 The plant made uncoated recycled boxboard with an annual capacity ofabout 62,000 "In December, we announced that we were idlint the Carolina Paperboard mill and woulr monitor demand in order to determine whether it was feasibles to resume production at the facility,” said Greg Bartlett, vice presidentt of sales for Caraustar’s Mill Group, in a statement. “In this increasingluy challengingeconomic environment, it is not economically prudentg to resume paperboard production or to continuer to keep the paper machinde idle." Austell, Ga.-based Caraustar (NASDAQ: CSAR) will take a pre-tad charge of $9.
7 million related to the but it expects the closure will lead to $11.4 millionh in annual pre-tax savings. Caraustar , hurt by weaker demand and impairmengt costs. The recycled paperboard and packaging companyy had a net lossof $98.7 million. Annual sales dippedr 4 percentto $819.y7 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment