ROCKTENN CONWAY FOLDING CARTON PLANT’S IMPROVEMENTS WILL EQUIP EMPLOYEES WITH MORE RESOURCES; SUPPORT CITY’S ECONOMIC GROWTH PLAN
NORCROSS, Ga. – February 9, 2010
Executing its long-term corporate strategy of creating and delivering value through operational excellence and continuous quality and customer service improvements, RockTenn announces that it will complete capital improvements of roughly $4 million to its Conway folding carton plant by early summer that will expand capacity from 70,000 to 90,000 paperboard tons annually. The RockTenn Conway location has 289 employees and is one of Conway’s largest employers in the manufacturing segment.
“I am pleased about the expansion and future of our Conway plant that is part of a growing and prosperous company,” said RockTenn Conway General Manager Gary Adreon, “and for the trust and confidence our company and community have in our hard working and dedicated RockTenn employees.”
The RockTenn Conway facility is part of RockTenn’s Consumer Packaging segment, an integrated system of five coated recycled paperboard mills, a bleached paperboard mill and 22 folding carton operations. RockTenn is one of the largest manufacturers of folding cartons in North America measured by net sales. In fiscal 2009, the Consumer Packaging segment produced net sales of $1.5 billion.
In operation since 1973, the Conway facility was purchased by RockTenn from Clevepak Corporation in 1974. The acquisition was one of RockTenn’s first purchases after its 1973 merger that combined Rock City Box Company (founded in 1898) with supplier Tennessee Paper Mills (founded in 1914), the South’s first recycled paperboard mill, to form a company under the name RockTenn.
“We are excited to see RockTenn expand again in Conway,” said Conway Mayor Tab Townsell. “The company is a crucial part of our economy and we are encouraged to see this type of investment in the local facility.”
RockTenn Conway will utilize the state’s “Advantage Arkansas” tax incentive program administered by the Arkansas Economic Development Commission in connection with the expansion. Details of the program may be found at http://arkansasedc.com.
“RockTenn has a long history in Conway and we are pleased to see this expansion.” Conway Development Corporation Chairman Bill Adkisson stated. “It is great news for the local manufacturing community.”
RockTenn (NYSE:RKT) is one of North America’s leading manufacturers of paperboard, containerboard and consumer and corrugated packaging, with annual net sales of approximately $2.8 billion. RockTenn’s 10,000 employees are committed to exceeding their customers’ expectations – every time. The Company operates locations in the United States, Canada, Mexico, Chilé and Argentina. For more information, visit www.rocktenn.com.