KapStone s return to prosperity
Boyhood sweeps LA Film Critics AwardsFoxx: Tough dialogue needed on killings by policeBarenboim bids La Scala farewell with Fidelio Hunger Games tops slow weekend at the box officeNKorea denies Sony hack, calls it righteous deed This week s television highlightsGuest lineups for the Sunday news showsBeyonce, Pharrell, Sam Smith lead in Grammy nodsThe Longview KapStone paper mill has just completed a record quarter for paper production. It s bringing online a new lightweight linerboard paper that cheap patagonia jackets sale1the compapatagonia pro sales discountny expects to make it more competitive in the packaging market. It may get a shot at supplying paper to a major restaurant chain. Lots of employees are retiring, but they re being replaced and employment is expected to be stable.In summary, the mill is prospering and has a promising future, company officials said in an interview last week.It has been roughly a year since Illinois based KapStone bought the former Longview Fibre mill from Brookfipatagonia better sweater zip fleece hoodieeld Asset Management for $1.03 billion, and the acquisition has been nothing but good for us, said corporate spokeswoman Pat Case. The pulp operation had been losing millions annually. Brookfield made it profitable by shutting down seven of 12 paper machines, laying off 500 workers and boosting productivity. Even though it turned the mill around, Brookfield never intended to run it for long, which explains its eventual sale to KapStone, a young but rapidly growing company with operations in 17 states.Purchasing the mill extended KapStone s reach nationwide, enabling it to compete with corporate accounts we couldn t compete with in the past. Duncan said.For example, McDonald s is considering switching its takeout bags from bleached whitecheap patagonia jackets sale3 paper to brown paper. The Longview mill is competing to supply the paper, Duncan said. That would not have been possible without an expanded national footprint, he said.He added that being part of a national corporation can cut costs for transportation, warehousing and shipping to custopatagonia better sweater stripe prussian bluemers on the East Coast.Duncan said the company s national scope has helped improve production at the Longview mill. In the past several months, Longview paper and pulp and paper workers have learned how to produce KapStone s proprietary ultra performance linerboard. The company says it can save customers money by reducing the weight of the packaging, thereby lowering shipping costs.The mill has also starshop all patagoniated experimenting with another KapStone technology used in producing laminated countertops.In April, the mill modified papatagonia 7 inch baggies for saleper machine No. 10 to improve drying capacity and smoothness. Those upgrades contributed significantly cheap patagonia jackets sale0to increased productivity in the third quarter, Duncan said.The Longviecheap patagonia jackets salew plant produced a record 3,315 tons of product per day in the third quarter of 2014, compared to 3,169 tons per day in the third quarter last year, a 4.6 percent increase.At the time of the acquisition, KapStone CEO Roger Stone hinted that the company was considering replacing one of the old paper machines at the Longview plant with a newer model if demand increased. Howpatagonia better sweater 3dever, Duncan said there hasn t been firm discussion of adding any new machines at this point.Acquiring Longview Fibre boosted KapStone s annual revenue by 70 percent, but it s stock price has been generally falling since peaking at about $33 per share in June. It closed at $25.03 Friday.Paul Latta, longtime forestry analyst and Seattle based portfolio manager, believes KapStone is well positioned to take advantage of the expanding packaging market. Many paper suppliers have suffered in recent years as more offices go paperless and newsprint declines. In contrast, the packaging industry is growing at about 3 percent annually, he said. All that stuff purchased on Amazon, it has to be shipped in a box, Latta said. It s not just the boxes that consumers see, he added, noting that the production process itself is heavily dependent packaging for shipping. The whpatagonia everlong review of jerseyole economy moves in boxes. Ted Sprague, president of Cowlitz County Economic Development Council, said that KapStone s ownership is proving good for the mill and local economy The new owners have provided stability for our community, Sprague said.A graying workforceThe size of the workforce at both the mill and box plant have remained steady at about 1,100 employees, and company officials do not expect tocheap patagonia jackets sale2 significantly expand those numbers. Every month the mill hires four to six workers to replace outgoing employees.Pat Ortiz, the mill s director of engineering, environment and safety, said the mill recruits locally and in the broader area of Southwest Washington and Northwest Oregon. However, it s been challenging to find high skilled maintenance workers. New employees on the operations side can often be trained on the job, but maintenance workers need to enter with a specific set of skills to manage the complex machines, Ortiz said.Many workers are approachingpatagonia guide pants names retirement age. Asked about whether KapStone was worried about a mass graying out of their workforce, Ortiz, Duncan and Case said that isn t an immediate problem but it is something they re monitoring. KapStone is in negotiations with the union that represents patagonia hiking shoes bestmill workers, Local 153 of Association of Western Pulp Paper Workers. The union didn t respond to requests for comment and KapStone declined to comment on negotiations.
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