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About Corrugated Container Corporation

Corrugated Container Corporation is a corrugated packaging company that specializes in retail packaging, shipping containers, point of purchase displays, and more.

Corrugated Container Corporation Headquarter Location

6405 Commonwealth Drive SW

Roanoke, Virginia, 24018,

United States

540-774-0500

Latest Corrugated Container Corporation News

EXCLUSIVE: DS Smith US chief optimistic despite trade challenges

Aug 13, 2019

The US corrugated market is seeing change due to the decline in industrial activity and trade issues with China, according to Jim Morgan, president and chief executive of DS Smith North America. Jim Morgan, president and chief executive of DS Smith North America DS Smith, which has 302 facilities in 37 countries, has recently reported a 16% return on sales, which is up 40 basis points from last year; revenue is up 59% (after FX), which Morgan said was a testament to how well the DS Smith and Interstate integration is going. The acquisitions of Interstate Resources, Corrugated Container Corporation and The Display Connection, and the investment in a new HQ in Atlanta , were a clear, bullish statement of intent by DS Smith that it plans to aggressively push established competitors in the USA such as International Paper. Speaking exclusively to Packaging News, Morgan explained: “Our US business is performing well, and we’re growing through acquisition in North America. The acquisitions and integrations have been a success, and the organizations we’ve acquired fit well together and with DS Smith. We’ve taken the strengths of each organisation and applied them to our overall business, and we are very pleased with the outcome,” he said. With regards to the industrial decline and trade wars that the current administration has been addressing, Morgan said: “The corrugated market in the U.S. is going through a period of change due to the decline in industrial activity and trade issues with China, which ultimately affect the market overall. While this is typical for our business, we’re very optimistic about the direction our company and the industry is headed.” Morgan said the company sees a ‘significant opportunity’ to help address North America’s challenges in the recycling system/economy. “We’re very happy there’s a growing awareness of sustainability and the circular economy within the corrugated market in the USA. One of the sustainability solutions we are most excited about is our role to contribute to the circular economy in packaging. We know that sustainable fibre-based packaging has a huge role to play, appealing to our customers and consumers alike.” Morgan did not want allude too much to his competitors. “Our expansion is a response to global and local customer requests for similar sustainable packaging solutions in North America. While we wouldn’t comment on what our competitors are doing, what I can tell you is that we are here to service our customers and meet their requests for sustainable packaging and recycling.” With key accounts including Amazon, and the increase in online retail, the North America investment and Atlanta HQ opening may seem like a long time coming for DS Smith. “We took our time to find the best, most strategic way for DS Smith to enter the North America market. Interstate Resources was the ideal acquisition because it fit the DS Smith system well, and also provided a platform for growth. Now we have a successful organization that’s scalable and can add a lot of value in the long-term.” He added that the growth of e-commerce in North America has driven corrugated use, as well as the omni-channel approach retailers are using to reach their growing base. “Whether it’s grocery, c-store, home delivery or autonomous vehicles — all of these channels are driving innovation in North America.” Morgan conceded that the European corrugated market was ahead with regards to closed loop systems and recycling. He explained that the USA has a ‘very unique’ profile – 80% of containerboard in North America is produced from virgin fibre and 20% from recycled fibre, primarily because of an abundance of natural resources that can support the industry; “and we have a disciplined approach to managing those,” he said. Globally, it’s the direct inverse, where 80% of the material is recycled fibre, and 20% is virgin. “When we look at sustainability, closed loop and how to more effectively use fibres, however, Europe is leading the way. European companies have been required to use fibre more effectively because they don’t have access to the natural resources we do here in the States. As the USA becomes more aware of recycling and the circular economy, we have a wonderful opportunity to innovate those natural resources that are already available to us.”

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Expert Collections containing Corrugated Container Corporation

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