Profile: Packaging Corp of America (PKG.N)
4 May 2015
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 with strong visual appeal that help to merchandise the packaged product in retail locations, and honeycomb protective packaging. PCA operates eight mills and 98 corrugated products manufacturing plants. PCA mills are comprised of five containerboard mills and three paper mills. In addition, PCA is producer of packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. PCA also manufacture and sell white papers, including both commodity and specialty papers, which may have custom or specialized features such as colors, coatings, high brightness, and recycled content. As of September 30, 2014 the Company produced 858,000 tons of containerboard at its mills. In 2013, it produced 1,063,000 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 manufacture a range of linerboard grades ranging from 26 pounds to 96 pounds. The Company’s Counce, Tennessee mill is a kraft linerboard mill in the United States. In 2013, The Company’s produced 1,063,000 tons of kraft linerboard on two paper machines at Counce. The mill also produces a variety of performance and specialty grades of linerboard. Counce produces a range of basis weights from 26 pounds to 90 pounds. PCA acquired the DeRidder, Louisiana, mill in the acquisition of Boise. It is a mill that produces both linerboard and newsprint on two paper machines. It produced 607,000 tons of linerboard and 230,000 tons of newsprint. DeRidder produces a range of basis weights from 26 pounds to 69 pounds. Its Valdosta, Georgia mill is a kraft linerboard mill. In 2013, its single paper machine at Valdosta produced 557,000 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 2013, it produced 547,000 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 2013, it produced 441,000 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. It’s Wallula, Washington, mill with the acquisition of Boise. It is primarily a white paper mill, but also produces corrugating medium on one of its paper machines. In 2013, the mill produced 139,000 tons of corrugating medium. It produces a range of basis weights from 23 pounds to 38 pounds.
The Company operates 98 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 98 manufacturing facilities, 64 operate as combining operations, commonly called corrugated plants, which manufacture corrugated sheets and finished corrugated containers. The remaining 33 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 competes with International Paper Company, Georgia-Pacific, and Rock-Tenn Company.
Packaging Corp of America
1955 W FIELD CT
LAKE FOREST IL 60045