Caraustar Industries, Inc.'s (Nasdaq: CSAR)Recovered Fiber Group has entered into a joint venture, PaperLink International, LLC, with Main West Development Limited, a major Chinese manufacturer of coated duplex paperboard and recycled medium. The joint venture will supply Main West's recovered fiber needs and sell fiber to third party mills in China. The joint venture's objective is to achieve volume exceeding 400,000 metric tons in 2005. Caraustar has a 30 percent interest in the profits of the joint venture.
Caraustar, a recycled packaging company, is one of the largest and most cost-effective manufacturers and converters of recycled paperboard and packaging products in the United States. The company has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled paperboard product markets: tubes, cores and cans; folding cartons and custom packaging; gypsum wallboard facing paper; and miscellaneous "other specialty" and converted products.
Loading...