The Royal Group Receives $3.5M Tax Abatement For Machine Buys Seymour, Indiana based Touchpoint LLC, doing business as The Royal Group (TRG), recently received a 10-year $3.5 million tax abatement for the purchase and installa- tion of a color flexo rotary die cutter with a conveyor sys- tem, according to local media reports. The new equipment will allow the company to retain its present workforce of 67 and add six new employees. The new jobs also are expected to add another $360,000 to the company’s current payroll of $3.05 million, according to a statement of benefits provided to the city as part of the request. Jim Plump, Executive Director of Jackson County Indus- trial Development Corp., spoke on behalf of the company and said the project to install the equipment should start soon and be wrapped up before the end of the year. Com- pany Controller Patty Thomas also attended the meeting to answer any questions about the request, but there were none from council members or the public. The company, a subsidiary of Carmel, Indiana based Schwarz Partners LP, offers corrugated boxes, including industrial, retail and display solutions, with hand assembly and fulfillment. Schwarz Partners LP has 37 manufacturing and distribution/fulfillment centers across the country, in- cluding four others in Indiana.
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month June 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
35.963 34.395
4.6
8.173 7.817
4.6
Industry Total
Year-to Date
June 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
208.632 196.828
6.0
8.279 7.749
6.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
2.9450 2.8182
4.5
14.1095 13.3029
6.1
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Jun. May
2.1046 1.9962
5.4
3.1 2.9
6.9
Shipping Days
Year
Month
Year-to-Date
2021 2020
22 22
126 127
SOURCE: Fibre Box Association
www.boardconvertingnews.com
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September 6, 2021
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