Polyair Inter Pack Inc. Announces 2008 Second Quarter Results and Plant Rationalization Plan


Marketwire Canada
June 9, 2008 - The lower sales level combined with substantial increases in freight and polyethylene costs, the Company's primary raw material, resulted in a $2.6 million reduction in gross profit. Additionally, changes relating to the manufacturing facilities will require capital expenditures of approximately $1.0 million. The Company operates eight manufacturing facilities, seven of which are in the USA where it generates the majority of its sales.


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