The company also adds new Koenig & Bauer-Iberica 144K die cutters to its New York facility
- Capital equipment investment made at the Baldwinsville, NY facility for North American growth
- Koenig & Bauer press will deliver high fidelity in print and enhancements as well as unique competitive advantages
- PaperWorks’ dedicated Packaging Development (PacDev) team and detailed training seminars guide customers through all aspects of project development, design and production
BALA CYNWYD, Pa.–(BUSINESS WIRE)–PaperWorks held a special ribbon-cutting event to mark the official start of its latest capital equipment investments: a Koenig & Bauer Rapida 145 57-inch seven-color press along with two new Koenig & Bauer-Iberica 144K die cutters at the Baldwinsville, NY facility. The Baldwinsville location produces packaging solutions for some of the leaders in consumer products and employs approximately 240 full-time team members.
“We are excited to begin production on our Koenig & Bauer Rapida 145 press,” says C. Anderson “Andy” Bolton, President and Chief Executive Officer of PaperWorks. “Our customers expect the most consistent and high-quality printing as well as unique enhancements that enable their products to stand out on the shelf and the new technology on the Koenig & Bauer press delivers on those needs. With this installation, we will be gaining large format offset print technology in Baldwinsville as well as newer machines with greater converting speeds. Our customers trust us to represent and protect their brands, and we want to preserve that trust by consistently and safely producing high quality products and solutions. We chose Koenig & Bauer as our trusted partner due to their competence in folding cartons, superior training, and their ability to partner and consult with our entire organization.”
Due to customer expectations around exceptional print quality and innovation, PaperWorks is investing in offset printing technology at this facility. Baldwinsville becomes the fifth plant focused on offset printing technology as well as one of two plants in the system to offer both flexo and offset printing. In a recent study compiled by PaperWorks, the North American market prefers offset printing for all vertical markets based on the data it has collected.
The Koenig & Bauer press and Koenig & Bauer-Iberica die cutters will be key additions to PaperWorks’ competitive advantage of agility, transparency and a collaborative approach when working with customers. PaperWorks takes great pride in the company’s dedicated Packaging Development (PacDev) team and detailed training seminars that guide customers through all aspects of project development, design and production. The PacDev group is a dedicated team of design and technical professionals who provide a comprehensive range of development services and create innovative solutions that demonstrate the company’s commitment to revolutionary packaging design. PaperWorks carton technology training is a dynamic classroom-style program where attendees learn everything from the very basics of paperboard and paper making, to the art of packaging development, design innovation, folding cartons, converting and finishing. Other popular topics covered are cost savings opportunities in packaging and the impact of the carton making process in the customer’s packing line. Carton technology training is conducted in a PaperWorks packaging facility in which attendees are provided with various networking opportunities and a complete PaperWorks experience.
As part of the company’s commitment to the environment, PaperWorks makes coated recycled paperboard made from 100% recycled content that has performance characteristics unlike any other currently in the market. PaperWorks owns and operates paper mills, which provide paperboard to the packaging side of the business.
“We compete effectively within our market because we offer our clients a major competitive advantage,” says Bolton. “As a purpose-driven organization, we deliver positive experiences and innovative solutions. We offer our clients the fastest turnaround as we collaborate with them and complete their successful projects with speed and efficiency.”
PaperWorks is a leading, integrated North American full-service provider of recycled paperboard and specialized folding cartons for packaging applications. The company specializes in providing folding carton solutions for a wide variety of market sectors including food, beverage, personal care, pharmaceuticals, nutraceuticals and medical devices and is also known for its state-of-the art, extended color gamut printing capability, which creates shelf-differentiating graphics.
PaperWorks has invested in state-of-the-art technology over the past three years to upgrade its paperboard mills and folding carton converting plants and be at the forefront of innovation and market differentiation. The company is committed to the highest sustainable forestry and procurement standards. Product certifications include the Forest Stewardship Council (FSC) and 100% Recycled Paperboard Alliance (RPA100). For more information, please visit: www.paperworksindustries.com.
About Koenig & Bauer (US)
Koenig & Bauer (US) is located in Dallas, Texas and a member of the Koenig & Bauer Group, which was established over 200 years ago in Würzburg, Germany. Koenig & Bauer’s claim, “We’re on it.” gets to the heart of Koenig & Bauer’s values and competencies for all target groups. The group’s product range is the broadest in the industry; its portfolio includes sheetfed offset presses in all format classes, post press die cutting, folder gluers, inkjet presses and systems, flexographic presses, commercial and newspaper web presses, corrugated presses, special presses for banknotes, securities, metal-decorating, glass and plastic decorating. For more information visit the company’s web site at www.koenig-bauer.com.
Cautionary Statement Regarding Forward-Looking Statements from PaperWorks
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent management’s current expectations and are based upon information available to the Company at the time of this press release. Statements in this press release that are not historical or current facts are “forward-looking statements.” Such forward-looking statements include statements using words such as “anticipate,” “expect,” “believe,” “continue,” “will,” “may,” “estimate,” “assume,” “presume,” “pursue,” “outlook,” “plan,” “goal,” “milestone” and similar expressions. Such statements are subject to a number of risks, uncertainties and assumptions that may cause actual results, developments, or achievements to differ materially from those projected or implied in these statements including, but not limited to, potential limitations on the Company’s ability to maintain contracts and other critical business relationships; risks associated with general economic and business conditions; requirements for adequate liquidity to fund its operations in the future, including obtaining sufficient financing on acceptable terms; other matters related to its indebtedness; and the risk factors and known trends and uncertainties described in the Company’s most recent periodic reports provided to Noteholders.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
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