Colorpak moves Villawood factory to Regents Park

Colorpak Limited
Tuesday, 19 June, 2012

As part of its ongoing integration of acquired Carter Holt Harvey (CHH) assets, Colorpak is moving its Villawood factory into its purpose-built Regents Park operation.

“The Villawood factory was built in the 1960s and the cost to maintain it to the required standards is relatively high,” said Colorpak Managing Director Alex Commins. “All Villawood production and employees will move to Colorpak’s Regents Park factory by December 2012.”

Colorpak will lease a 4400 m2 facility adjacent to the Regents Park factory to accommodate the increased production, Commins said.

The Regents Park factory is a ‘greenfield’ purpose-built folding carton and flexibles operation established in 2006.

“The CHH integration is tracking to plan with the backdrop of a difficult manufacturing environment,” said Commins. “A number of adverse factors including manufacturing businesses moving operations offshore, the high Australian dollar and weak consumer spending have affected our profitability in the second half of FY12.

“Despite these difficulties, Colorpak’s full year normalised net profit after tax (NPAT) (results from trading excluding costs of restructuring the operations) is still expected to be maintained at around the level of last year’s NPAT from operations of $7 million.”

Colorpak took possession of the CHH folding carton assets in Australia and New Zealand in March 2011.

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