Board Converting News, September 6, 2021

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

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September 6, 2021

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