Packaging-industry capital expenditures at 4.1% of sales
From 2005 through Q1 2010, the median rate of capital expenditures for the overall package-manufacturing field was 4.1 percent of sales, says new research by BMO Capital Markets Packaging Group. By category, paperboard-packaging converters had the highest median rate of 4.1 percent; flexible-packaging makers had the lowest rate of 3.6 percent. For the universe of 28 publicly-held companies studied, individual corporate rates ranged from a low of 2.3 to a high of 13.1 percent.
Chesapeake forms alliance with French premium carton converter
Chesapeake’s Branded Packaging Div. will jointly develop new business in the French wine/spirits market with Papcart, a French maker of high-end folding cartons. With four operations already in France serving pharma and industrial-chemical customers, Chesapeake will work with Papcart’s two production sites, which had 2009 revenues of €25 million and employ around 175 people.
PPC welcomes four new members
Paperboard Packaging Council adds four North American firms to its organization. The following businesses joined as principal members: Wright Brothers Paper Box Co., Inc., of Fond du Lac, WI; and Jessup Paper Box LLC of Brookston, IN. The following are new associate members: Colmar Inks (Etobicoke, Ontario, Canada); and The Newark Group (Cranford, NJ).