Board Converting News, January 24, 2022

Board Converting News, January 24, 2022

BoardConverting Serving the North American Corrugated and Folding Carton Industries for 38 years January 24, 2022 VOL. 38. NO. 4

Accurate Box Thrives With Transformative Investments BY LEN PRAZYCH As the number of independent multi-generational folding carton man- ufacturers dwindle with the years, those that survive must find ways to compete with the integrateds who threaten their very existence. Ob- vious enough, it is the surviving owners who possess an innovative vision and a robust investment plan. However, that allows for the next generation to continue “fighting the fight” for market share and invari- ably, rise to the top of its class.

G-P Acquires Property For Expansion In WA

WHAT’S INSIDE 5 NAM: Consumer Inflation At 40-Year High In December 10 Supreme Court Stays OSHA ETS Mandate 12 Surviving The Great Resignation 34 Pratt Industries Donates $2M To Muhammad Ali Center “The Economic Alliance of Lewis County (WA) is excited to have Georgia-Pacific ex- pand in our community. They have a long history of collaboration in working to support families in the Pacific Northwest,” said Richard DeBolt, Executive Director of the Alliance. Atlanta, Georgia based Georgia-Pacific has announced the acquisition of property in Cen- tralia, Washington, saying in a news release it intends to expand its corrugated packaging operations in the Pacific Northwest. “Georgia-Pacific’s corrugated business has strong relationships with produce and e-commerce customers, and a new facility will help us serve these growing customer seg- ments,” said Travis Dawson, Vice President of the West Region for G-P’s corrugated busi- ness. “The solid performance of our Olympia plant gives us confidence in the ability to ex- pand business in the region.” The company didn’t specifiy where the property was located, but indicated additional details will be forthcoming. In the release, the company said expansion plans are still in the early stages and that once plans are solidi- fied, it is expected a new facility would create about 85 new jobs.

Paterson, New Jersey based Accurate Box Company is such a com- pany. Founded in the gritty South Ironbound section of Newark, New Jersey, in 1944 with a $25,000 loan from a friend, Henry Hirsh began his folding carton operation in a 17,000-square-foot building containing a Miehle press, a Miehle die cutter and a Model A gluer. Henry’s son, Charlie Hirsh, joined the company in 1950 at age 20 and with his father grew the company. They together competed for their share of business with many other companies in the burgeoning box industry in the New York/New Jersey metropolitan area. In 1950, the industrious father and son team moved the company to a 35,000-square-foot facility and pur- chased its first Bobst die cutter. Business boomed. Henry Hirsh passed away in 1964 and at age 34, Charlie Hirsh be- came the company’s president. He led it through the turbulent 1960s and inflationary 1970s, at a time when several New Jersey-based toy CONTINUED ON PAGE 22 The leadership team at Accurate Box Company: at left, Mark Schlossman, Executive VP Sales and Marketing; Lisa Hirsh, President, right; and their daughter, Samara Ronkowitz, Director of Sales and Marketing, center.

2 January 24, 2022

AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser.

REGION E. Coast Midwest Southeast Southwest

42# Kraft liner

26# Semi-Chem. Medium

$1005.00-1010.00 $1020.00-1030.00 $1020.00-1030.00 $1020.00-1030.00 $1050.00-1060.00 $1023.00-1032.00

Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del. Short Ton Del.

$940.00-990.00 $955.00-975.00 $955.00-975.00 $955.00-975.00 $975.00-995.00 $958.00-978.00

West Coast U.S. Average

The Price is Right

SHEET PRICES BY REGION (AVERAGE) Per 1MSF, local delivery included, 50MSF single item order, truckload delivery. Sheets

E. Coast Midwest South-SW S. CA N.CA/WA-OR US Aver.

200# 275#

$62.26

$72.05

$62.69 $82.80

$85.35 119.54

$73.13 101.29

97.32

99.89

90.86

113.65

OYSTER UP-CHARGE 8.34

8.34

8.34

8.34

8.34

8.34

275# DBL-WALL 350# DBL-WALL

107.46 118.45

114.69 129.32

116.54 137.25 117.82 145.56

141.08 148.46

122.76 131.80

More box makers and brokers are relying on the containerboard pricing in Board Converting News to negotiate their contracts with end users.

CANADIAN SHEET PRICES (AVERAGE) In Canadian Dollars, per 1MSF, local delivery included, under 50MSF single item order, truckload delivery. 200# 275# Oyster UC 275#DW 350#DW $78.56 $99.18 $9.00 $96.32 $105.83 CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton.

SEE THE CURRENT PRICES IN PRINT OR ONLINE AT WWW.BOARDCONVERTINGNEWS.COM.

Len Prazych at 518-366-9017 [email protected]

42# Kraft Liner 26#

Semi-Chem Medium

East West

$970.00

$960.00 $995.00

$1,015.00

3

www.boardconvertingnews.com

January 24, 2022

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4 January 24, 2022

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NAM: Consumer Inflation At 40-Year High In December

Consumer prices rose 0.5 percent in December and the consumer price index has risen 7.1 percent over the past 12 months (seasonally adjusted), the fastest year-over-year pace since June 1982, according to Chad Moutray, Ph.D. and Chief Economist at the National Association of Manu- facturers (NAM). At the same time, core inflation (which ex- cludes food and energy) increased 5.5 percent year-over- year in December, the most since February 1991. The cost of used cars and trucks jumped 3.5 percent in December, with prices for new vehicles up 1.0 percent. The automotive sector continues to be challenged by sup- ply chain disruptions and the chip shortage. New vehicles and used cars and trucks have seen price growth of 11.8 percent and 37.3 percent year-over-year. Producer prices for final demand goods and services rose 0.2 percent in December, the slowest monthly gain since November 2020. Over the past 12 months, produc- er prices for final demand goods and services jumped 9.8 percent (seasonally adjusted), just shy of November’s record 9.9 percent. Core producer prices increased 6.9 percent year-over-year in December, the same pace as in November and remaining an all-time high. The Index of Consumer Sentiment declined to 68.8 in January, according to preliminary >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44

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