Mr. Stewart Emerson reports
SUPREMEX ANNOUNCES CAPITAL INVESTMENTS TO EXPAND FOLDING CARTON AND E-COMMERCE PACKAGING CAPACITY
Supremex Inc. has made capital investments totalling approximately $4-million to expand and modernize its folding carton and e-commerce packaging operations -- another step in the company's strategy of growing its packaging business.
The investments comprise:
- Indianapolis, Ind. -- The addition of a six-colour offset press with in-line UV coating capability, complemented by advanced converting and finishing equipment at the company's Indianapolis packaging facility. Together, this equipment expands the range of packaging grades, formats and finishes produced in-house, adds much-needed folding carton and e-commerce packaging capacity, and reduces the company's reliance on outside subcontractors -- improving quality control, lead times and responsiveness for customers.
- Chicago, Ill. -- The relocation and upgrade of a printing press to the company's Chicago Envelope facility, enhancing its production capabilities.
- Naperville, Ill. -- The addition of e-commerce packaging capacity at the company's Naperville facility to meet growing demand and leverage the site's skilled work force.
"These investments are about giving our customers excellence at every step -- excellent equipment, excellent versatility and excellent service," said Stewart Emerson, president and chief executive officer of Supremex. "By bringing this level of capability in-house, we broaden what we can produce for our folding carton and e-commerce customers, respond faster, and control quality from start to finish. Packaging is a growth engine for Supremex -- we are investing in our future, and these facilities are now positioned for the next decade of that growth.
"The investments will be funded from existing cash flows and the company's existing credit facilities," concluded Mr. Emerson.
About Supremex Inc.
Supremex is a growing provider of paper-based packaging solutions as well as a leading North American manufacturer and marketer of envelopes. Supremex operates nine manufacturing facilities across four provinces in Canada and four manufacturing facilities in three states in the United States employing approximately 1,000 people. Supremex's extensive network allows it to efficiently manufacture and distribute envelope and packaging solutions designed to the specifications of major national and multinational corporations, direct mailers, resellers, government entities, SMEs (small and medium-sized enterprises), and solutions providers.
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