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Home > Fortune 500 Companies > Smurfit Stone Container
Smurfit-Stone Container
Smurfit-Stone Container is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under SSCC. The company was established in 1968 and is headquartered in Chicago, Illinois.
Smurfit-Stone Container Corporation, through its wholly owned subsidiary, operates as an integrated manufacturer of paperboard and paper-based packaging in North America. Its operations are in two segments of Containerboard and Corrugated Containers, and Consumer Packaging. It also produces bleached northern and southern hardwood pulp, and bleached southern softwood pulp for the manufacturers of paper products and at the same time manufactures and sells retail ready point of purchase displays.
The Containerboard and Corrugated Containers segment produces corrugated containers, which are used to ship home appliances, small machinery, electric motors, grocery products, computers, produce, furniture, books, and various other products containerboards used in the production of corrugated packaging such as Kraft paper, which is used in consumer and industrial bags, counter rolls, grocery and shopping bags, handle stock, refuse bags and solid bleached sulphate used by the folding carton and carded packaging customers in the food, cosmetics, pharmaceutical, and other markets.
The Consumer Packaging segment produces folding cartons to protect fast food, food, detergents, beverages, paper products, health and beauty aids, and other consumer products. It also includes a system of mills and plants that produce coated recycled boxboard, as well as converts Kraft and specialty paper into consumer bags, multiwall bags and intermediate bulk containers.
In addition, the segment offers paper, flexible packaging and metalized paper labels and heat transfer labels for consumer applications; bags and intermediate containers to ship and protect fertilizers, concrete, chemicals, and pet and food products; laminated products; and paper, foil, and heat transfer labels.
The consumer packaging segment’s fourth quarter 2005 operating profit of 20 million dollars improved 3 million dollars from the prior year, while down 5 million dollars sequentially. Folding carton shipments during the fourth quarter and full year 2005 were basically flat with the prior year while prices continued to steadily improve. Full year 2005 operating profit of 83 million dollars was up 2 million dollars compared to 2004. The business made solid progress with cost reduction efforts despite inflationary cost pressures.
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