Caraustar Industries announces the formation of PaperLink International JV
Dec 09, 2004. 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.
Dec 09, 2004. /Lesprom Network/. Caraustar Industries, Inc. (Nasdaq: CSAR) today announced the formation of PaperLink International, LLC, a joint venture of Caraustar's Recovered Fiber Group (RFG), Main West Development Limited, Ken Grenier, Mike Davies and James Chang. Main West Development Limited is 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 is a recycled packaging company. 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.