Profile: Packaging Corp of America (PKG.N)
7 Mar 2014
Packaging Corporation of America, incorporated on January 25, 1999, is a producer of containerboard in the United States. The Company’s corrugated products manufacturing plants produce a variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays. In addition, it is a producer of meat boxes and wax-coated boxes for the agricultural industry. During the year ended December 31, 2012, the Company produced 2.6 million tons of containerboard at its mills. The Company’s corrugated products manufacturing plants sold about 34.7 billion square feet. In 2012, it produced 1.6 million tons of kraft linerboard at its mills in Counce, Tennessee and Valdosta, Georgia, and one million tons of semi-chemical corrugating medium at its mills in Tomahawk, Wisconsin and Filer City, Michigan. In October 2013, the Company acquired Boise Inc.
The Company’s two linerboard mills manufactures a range of linerboard grades ranging from 26 pounds to 96 pounds. Its two semi-chemical corrugating medium mills can manufacture grades ranging in weight from 20 pounds to 47 pounds. The Company’s Counce, Tennessee mill is a kraft linerboard mill in the United States. In 2012, The Company’s produced 1,056,000 tons of kraft linerboard on two paper machines at Counce. The mill produces a range of basis weights from 26 pounds. to 90 pounds. The mill also produces a variety of performance and specialty grades of linerboard. Its Valdosta, Georgia mill is a kraft linerboard mill. In 2012, its single paper machine at Valdosta produced 561,000 tons of kraft linerboard. Valdosta produces a range of basis weights from 35 pounds to 96 pounds. Its Tomahawk, Wisconsin mill is a semi-chemical corrugating medium mills in the United States. In 2012, it produced 543,000 tons of semi-chemical corrugating medium on two paper machines at Tomahawk. The Tomahawk mill produces a range of basis weights from 23 pounds to 47 pounds and a variety of performance and specialty grades of corrugating medium. Its Filer City, Michigan mill is a semi-chemical corrugating medium mill. In 2012, it produced 440,000 tons of corrugating medium on three paper machines at Filer City. Filer City produces corrugating medium grades ranging in basis weight from 20 pounds to 47 pounds.
The Company operates 71 corrugated manufacturing operations, a technical and development center, seven regional graphic design centers, a rotogravure printing operation and a complement of packaging supplies and distribution centers. Of the 71 manufacturing facilities, 41 operate as combining operations, commonly called corrugated plants, which manufacture corrugated sheets and finished corrugated containers. The remaining 30 manufacturing facilities, commonly called sheet plants, procure combined sheets and manufacture finished corrugated containers. It produces a variety of products ranging from basic corrugated shipping containers to specialized packaging such as wax-coated boxes for the agriculture industry. The Company leases the cutting rights to approximately 88,000 acres of timberland located near its Counce, Tennessee and Valdosta, Georgia mills.
The Company competes with International Paper Company, Georgia-Pacific, and Rock-Tenn Company.
Packaging Corp of America
1955 West Field Court
LAKE FOREST IL 60045