Graphic Packaging to Close Golden, Colo. Plant

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Graphic Packaging International, Marietta, Ga., USA, this week announced that it plans to close its Golden, Colo., paperboard beverage packaging plant. The company will transition business and equipment from Golden to other U.S. operating locations. GPI notes that closure of the Golden facility reflects the company's ongoing efforts to align its manufacturing footprint to the changing needs of its beverage customers and improve its cost structure and margins to better position it for future growth.

"While closing the Golden facility is a difficult decision, it is necessary to ensure that we are able to consistently serve our customers and meet their changing needs from a solid network of efficient, low-cost manufacturing facilities, even in the face of the ongoing economic challenges of today's marketplace," said David Scheible, president and CEO. "In the long run, we expect this move to help us better align ourselves with our customers' evolving manufacturing footprints and maximize our operational effectiveness as we focus on growing our business."

Graphic Packaging International is a provider of paperboard packaging for a variety of products to food, beverage, and other consumer products companies. The company is one of the largest producers of folding cartons and holds a leading market position in coated-recycled boxboard and specialty bag packaging.