Stafford Corrugated Products Breaks Ground On New Facility
Rosensweig Provides (CONT’D FROM PAGE 30)
if the Democratic party takes majority control of the Senate as well. Between more COVID-related relief for the public and other programs like the Green New Deal, government spending could be unprecedented—up to $6 trillion. Additionally, we can expect higher taxation rates. Not only will businesses have to pay more, there will most likely be an increased tax on citizens, as well. The “super wealthy,” who make annual salaries of $400,000 or more will also experience tax hikes on regular earnings. We’re Not Out Of The Water Yet Despite positive news and promising industrial trends, the United States is not completely in the clear. There is still the chance of experiencing a “W,” otherwise known as a double-dip recession. Even though the Dow keeps rising and providing the appearance of stability, a lot of this activity is due to the fear of missing out. People see stocks rising and want to be a part of that growth. However, if stocks rise too high and people start pulling out, or if they lose confidence in the economy, we might have another crash. Other fac- tors including an increase of COVID infections or another round of mass layoffs could lead to another recession. Stay Secure with PPC No matter where the economy goes, PPC is here to help make sure all paperboard manufacturers stay competitive and successful. Visit paperbox.org for more.
Indian Trail, North Carolina based Stafford Corrugated Products has broken ground on its new 50,000-square- foot headquarters. This facility will replace the current 21,000-square-foot headquarters it has operated for the past six years.
“The need for more space to house additional invento- ry is what drove this decision. We needed more space to better serve our customers,” said Tony D’Aprile, President of Stafford Corrugated Products. “This new facility is more than double the size we have now and affords us the ad- ditional space to implement automated inventory control, product selection and room to expand custom manufac- turing.” Construction is expected to be completed Spring of 2021. “We appreciate the confidence our customers who made this both necessary and possible,” said D’Aprile.
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September 14, 2020
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