HANOVER, PA-OX Industries has purchased a high speed paper tube winding line with the latest technology multi-knife cutting system. The state-of-the-art equipment will be used for the OX converting expansion at its plant in Charleston, IL. Eberle SA, based in Reichstett, France, will supply the complete production line equipped with a Victoria Evolution multi-knife cutting system.
"Eberle SA has been a strategic partner with OX for many years and we are excited to include them in our Charleston facility expansion," Said Kevin Hayward, President of OX Industries.Read more
Earnings from continuing operations of $0.60 per share, $0.63 ex-items vs. $0.37 on the same basis in the prior year
Sales of nearly $1.5 billion were up 7% from gains across targeted packaging and specialty chemicals markets
EBITDA ex-items of $285 million increased 20% driven by strong improvement across all packaging segments
Some 105 jobs will be affected, the company said in a statement. "The proposal will require a managed run down of production that will complete early next year," the firm said.
The proposed closure follows an unsuccessful search for a buyer, a spokesperson from the company toldRISI.Read more
DUBLIN-Smurfit Kappa has rolled out the ‘Board Referee', which is exclusively developed across all of its production sites in Europe, as part of a commitment to bring customers cutting edge innovation throughout its operations. The pioneering Board Referee was designed by Smurfit Kappa's Development Centre in the Netherlands and continues the company's practice of using insight, applied expertise and measurement to develop high-performance packaging products.Read more
Menasha received six silver and six bronze awards in four of eight retail channels, including: Consumer Electronics, Convenience, Drug and Specialty. The promotional solutions leader had 12 out of the 104 total finalists competing in the final judging.Read more