Transportation on the way to Agra

Packaging Corp. of America warned investors late Wednesday that fourth-quarter earnings will be reduced by about 4 cents a share as the result of a "major unplanned outage" at a company production facility in Tennessee.
The Lake Forest maker of containerboard and corrugated packaging products said its linerboard mill in Counce, Tenn., was inoperable for 2 1/2 days last month, and that it subsequently experienced operating difficulties that boosted costs and reduced output.
Packaging Corp. said the mill suffered a power failure Oct. 24 following a period of heavy rain; a valve subsequently failed, causing contamination of the mill's steam and boiler water systems. After the outage, the plant suffered operating problems through the end of the month.

Billerud AB, a Swedish packaging paper firm, is bullish on introducing its packaging products for India's booming retail and medical sectors.
'We are targeting the niche segment of packaging. Currently, we are scouting for partnerships with local players here. We are targeting the medical sector where packaging is very important in terms of safety and hygiene. Hence, the quality with which the products are packed is very crucial,' Per Lindberg, CEO, Billerud AB, told IANS.
'We have had fruitful discussions with some of the leading players in the paper industry here. Hopefully we would be launching our products by the second quarter of next year,' he added.
'Our packaging solutions are safe and environment-friendly. Our grades are used for syringes that need a special type of packaging to avoid contamination and leakages.'
The $1.2-billion company is a global supplier of materials to specific segments of the packaging market with an annual capacity of 1.4 million tonnes.
'India is now becoming hot property for retail. This industry is going to throw up a host of opportunities for us in terms of high-quality packaging. We do not intend to make greenfield investments here. We are looking to tie up with the top players.'
Citing reasons why the firm has chosen to invest in India, Lindberg said: 'In India, producers are very skilled with tremendous knowledge and expertise. But India's share is a meagre two percent of the global paper production, so in terms of market, it offers huge potential.'
'Our main objective is to transform and introduce concepts of high-grade paper. We produce pulp that is needed to produce high-quality packaging material,' he highlighted.
The Stockholm-based company has 11 sales offices, seven of which are in Europe. It has over 2,400 employees.

Polymer Group Inc. and a group of shareholders plan to sell about 5.4 million shares of stock, the U.S. maker of engineered materials said.
Polymer's 3.6 million shares of Class A common stock will combine with 1.8 million shares to be sold by shareholders MatlinPatterson Global Opportunities Partners LP and its affiliates, Polymer said.
The company expects the offering to price between $26 and $29 a share and to net $92.8 million, a U.S. Securities and Exchange Commission filing said.
The company told United Press International the offering would be tendered "in the coming weeks."
Polymer said it planned to use the proceeds from its portion of the offering to repay debt under its senior secured credit facility.
It said it planned to list the shares on the New York Stock Exchange under the symbol "PGO." The company's shares currently trade on the over-the-counter market.
Polymer, with headquarters in Charlotte, N.C., makes non-woven materials used for diapers, wipes, surgical gowns, linens, filters and other products.

ACO Polymer Products opened a 40,000-square-foot facility in Casa Grande to focus on manufacturing polymer concrete for its growing base of distribution and construction companies in the Western U.S. and Mexico.

The facility, one of three U.S. locations for the company, will employ up to 50 people and produce an average of 1 million pounds of material each month, officials said. The Casa Grande facility also includes warehouse and office space and will serve as a base for marketing operations. ACO's other locations are in Ohio and Iowa.

Germany-based ACO Group operates in 40 countries on four continents with more than 3,700 employees. The company's ACO modular trench drain system in used in commercial facilities, airports, sport venues, shopping centers, residential areas, roads and highways.

"Casa Grande, Ariz., was an ideal choice for us, due to the excellent location, ease of access to our customers, the perfect climate, and the strong spirit of business cooperation with the city and state," said ACO Polymer Products President Derek Humphries.