Tag Archives: Caraustar Industries

Caraustar Industries (CSAR) To Convert 2 Saginaw Production Facilities Into One

Caraustar Industries announced today that it is converting 2 older production facilities in Saginaw, MI into one new facility to produce recycled paperboard products. Because the newer facility has a better, more modern design, the company will be able to improve productivity while saving on the cost of maintaining two separate plants, direct labor costs, and some annual fixed costs.

Paul Curtis, Caraustar’s VP and regional manager, explained the significance of the move for his … Read the rest

3rd Quarter Results In From Caraustar Industries (CSAR)

Caraustar Industries, a maker of recycled paper products, just released their 3rd quarter results. Before restructuring and impairment costs are accounted for, the company posted a net income that rose just slightly from their net income this time last year, $7 million compared to $6.2 million. However, this year they posted a net loss from continuing operations of $75.4 million, or $2.63 per share. That’s a drop from this time in 2007, when they posted … Read the rest