Profile: Packaging Corp of America (PKG.N)
25 Jul 2016
Packaging Corporation of America (PCA), incorporated on January 25, 1999, is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Company operates over eight mills and approximately 90 corrugated products manufacturing plants. It operates primarily in the United States and has converting and distribution operations in Canada.
The Company's corrugated products manufacturing plants produce a range of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes, and displays. The Company produces packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. The Company manufactures its Packaging products at approximately five containerboard mills, over one containerboard machine, corrugated manufacturing operations and protective packaging operations.
The Company's Counce, Tennessee, mill produces kraft linerboard. The mill produces approximately 1,087,000 tons of kraft linerboard on over two paper machines and also produces range of performance and specialty grades of linerboard. Its DeRidder, Louisiana, mill produces kraft linerboard on its No. 1 machine and linerboard and medium on its No. 3 machine. The No. 1 machine produces over 578,000 tons of kraft linerboard and No. 3 machine produces approximately 129,000 tons of medium and over 167,000 tons of linerboard. Its Valdosta, Georgia, mill produces kraft linerboard. Its Valdosta mill produces over 600,000 tons of kraft linerboard. Its Tomahawk, Wisconsin, mill produces semi-chemical corrugating medium. The mill produces over 534,000 tons of semi-chemical corrugating medium on over two paper machines. Its Filer City, Michigan, mill produces semi-chemical corrugating medium. The mill produces approximately 430,000 tons on over three paper machines. Its Wallula, Washington, mill produces white paper and corrugating medium. The mill produces over 140,000 tons of corrugating medium.
The Company operates over 90 corrugated manufacturing operations, a technical and development center, approximately eight regional design centers, a rotogravure printing operation, and a complement of packaging supplies and distribution centers. Of the over 90 manufacturing facilities, approximately 60 operate as combining operations, which manufacture corrugated sheets and finished corrugated packaging products, over 30 are sheet plants, which procure combined sheets and manufacture finished corrugated packaging products and approximately one is a corrugated sheet-only manufacturer.
The Company's Paper segment operates under the trade name Boise Paper. The Company manufactures and sells white papers, including both commodity and specialty papers. White papers consist of communication papers (cut-size office papers and printing and converting papers) and pressure sensitive papers, including release liners, which its customers use to produce labels for use in consumer and commercially packaged products. The Paper segment also produces market pulp on one paper machine at its Wallula, Washington, mill, which is sold to outside customers to produce paper products. The Company operates over three white paper mills located in the United States. Its Jackson, Alabama, mill produces both commodity and specialty papers. The mill produces over 470,000 tons of white papers. Its International Falls, Minnesota, mill produces both commodity and specialty papers. The mill produces over 460,000 tons of white papers. Its Wallula, Washington, mill produces pressure sensitive papers and a range of white paper grades. The mill also produces corrugating medium and market pulp. The mill produces approximately 190,000 tons of white papers and approximately 99,000 tons of market pulp.
Corporate and Other
The Company's Corporate and Other segment includes corporate support staff services, and related assets and liabilities, and foreign exchange gains and losses. This segment also includes transportation assets, such as rail cars and trucks, which it uses to transport its products from its manufacturing sites and assets related its variable interest entity, Louisiana Timber Procurement Company, L.L.C. (LTP).
The Company competes with Domtar Corporation, International Paper Company, Georgia-Pacific LLC, WestRock Company and KapStone Paper and Packaging Corporation.
Packaging Corp of America
1955 W FIELD CT
LAKE FOREST IL 60045