DGAP-News: Burrows Paper Corporation /
Burrows Paper Corporation Announces Conversion and Expansion Plans
24.01.2014 / 17:24
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LITTLE FALLS, N.Y., 2014-01-24 17:24 CET (GLOBE NEWSWIRE) --
Burrows Paper Corporation, headquartered in Little Falls, New York, today
announced another step in its Innovate and Invest global strategy. The company
is implementing a simultaneous conversion and expansion project, part of a
comprehensive strategic plan to expand Burrows domestic paper and global
packaging business groups. Burrows is a worldwide supplier of light weight
specialty paper and packaging solutions.
In announcements to staff and customers today, Rose Mihaly, President and Chief
Operating Officer, stated the investment will both advance Burrows market
position and yield operational efficiencies. Burrows 2014 action plan calls for
the conversion and redeployment of physical facility use and machine components
in its Mill Street paper mill. 'In July, Burrows will shut down its 90-inch
wide paper machine, PM2, and begin repurposing the machine components and space
to the adjacent paper machine, PM3, at the same facility,' said Mihaly. 'By
dismantling and redeploying the smaller paper machine, we will realize a series
of improvements including better traffic flow, safety enhancements, increased
productivity on PM3, and the ability to dedicate other equipment to meet
special customer requests,' Mihaly said.
'Our goal is for the transition to have little or no effect on employment
levels,' Mihaly stated. 'This has been a collaborative process with our union
leaders, from planning to arriving at an implementation schedule. Employees
assigned to PM2 today will continue as usual through later this year,'
continued Mihaly. 'During the transition, we will work closely with each person
to align skills and interests with job opportunities in our Mill Street and
Mohawk Valley mills, and in other Burrows facilities.'
This latest initiative is similar to company investments in its Mohawk Valley
mill, where an older machine was removed to allow for facility improvements,
creating production efficiencies and opportunities for product development.
Following installation of new equipment this summer, Burrows will launch a new
patented product for which it has already secured commercial orders. 'Our
primary goal with changes of this nature is to implement improvements while
ensuring uninterrupted service to customers,' said Mihaly. 'That starts with
our outstanding employees who understand customer expectations and reliance on
Burrows products.'
Expansion and conversion has been a hallmark of Burrows nearly 100-year
business model. Chairman and Chief Executive Officer Bill Burrows stated, 'This
is one piece of an ongoing plan to yield cost savings and operating
efficiencies, freeing up capital to invest in capabilities that meet customer
demand.' He attributes the company's success to a combination of innovation,
growth investments, and financial discipline. 'In our industry, changes happen
so frequently that just keeping pace is not enough,' said Burrows. 'We must
anticipate how markets are shifting and where new demands are likely to emerge.
We then direct that knowledge to new products and capabilities.' Mihaly added
that the company looks forward to continuing long-term growth in its local and
worldwide operations.
This estimated $7 million conversion and expansion investment is expected to be
completed by the end of 2014. 'We are proud to be a privately-held paper and
packaging manufacturer that continues to invest and grow in New York State,'
said Burrows. 'We appreciate the support of local and state economic
development efforts that recognize the value of New York State's manufacturing
sector.' Burrows Paper Corporation was awarded grant funding from the Empire
State Development Corporation and NYS Excelsior Jobs program tax credits to
support the expansion project.
Burrows Paper Corporation operates four paper mills and five packaging
converting facilities domestically and abroad - New York, Ohio, Nevada, Iowa,
Mississippi, The Netherlands, and China. Its mills and facilities maintain the
highest standards and hold certifications from ISO9001, HACCP, the Forest
Stewardship Council, Sustainable Forest Initiative, and the Programme for the
Endorsement of Forest Certification. Burrows incorporates nearly 100 years of
papermaking experience into its food packaging line of products and is one of
only a few companies capable of producing light weight printable tissue paper
from 7.5 to 30 pounds (12.2 to 48.9 gsm). Burrows offers Machine Glaze and
Machine Finish paper grades for a variety of uses such as medical and food
packaging and many innovative industrial applications.
For more information, visit www.burrowspaper.com.
CONTACT: MEDIA CONTACT: Rose Mihaly,
rmihaly@burrowspaper.com, +1.860.335.8521
News Source: NASDAQ OMX
End of Corporate News
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24.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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Language: English
Company: Burrows Paper Corporation
United States
ISIN: US9902975740
End of News DGAP News-Service
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249549 24.01.2014
DGAP-News: Burrows Paper Corporation Announces Conversion and Expansion Plans
| Source: EQS Group AG