Another railroad customer on former EL lines in NJ bites the dust!!!
This is a NS customer on the Pascack Valley Line. This is served off
the Ford Lead in Teterboro. With the closing of this plant, it will
leave one customer(Agfa Film)on the Ford Lead on the Teterboro/South
Hackensack area. Agfa receives about 1 car every two weeks. As of 1980
this area had 10 active customers and it's local(Conrail NB-31).
Thursday, January 4, 2007
By HUGH R. MORLEY
STAFF WRITER
Smurfit-Stone Container Corp. of Chicago is closing its Teterboro
plant, shifting the work to other facilities.
JAMES W. ANNESS / THE RECORD
arrowSmurfit-Stone Container Corp. of Chicago is closing its Teterboro
plant, shifting the work to other facilities.
A Chicago-based maker of corrugated containers is closing its
Teterboro manufacturing plant at a cost of 133 jobs.
Smurfit-Stone Container Corp. said that although production stopped
Dec. 28, a few employees were still working there Wednesday.
The company will terminate all 22 salaried employees and 111
hourly-wage workers by Jan. 13, according to the company and a letter
filed with the state Department of Labor.
Smurfit spokeswoman Lisa Esneault said the closure is "part of our
overall strategic plan, which is basically optimizing resources and
assets across the system."
The company, which has 27,000 employees worldwide, will shift
production to unspecified plants, Esneault said.
The move is in line with a cost-cutting plan announced by Smurfit in
2005 that called for the closure of 20 percent of the company's
corrugated-container plants by 2008. The company said the shift of
U.S. manufacturing work offshore and changes in the retail environment
have reduced demand for packaging in recent years.
In addition, the company reported in documents filed with the
Securities and Exchange Commission in March that the rise of
superstores, discount retailing giants and online shopping "has
resulted in a shifting of demand to packaging which is more condensed,
lighter weight and less expensive."
It was unclear Wednesday what will happen to the 93,000-square-foot
building that the company occupies at 200 Hollister Road in Teterboro.
Seagis Property Group of West Conshohocken, Pa., owns the 10-acre
property.
It has 20-foot ceilings, 11 tailgate dock doors and parking for 80
trailers, and is located close to Routes 46 and 80.
Dave Gibbons, a Seagis vice president, said Smurfit -- with two years
to run on its lease -- has not indicated when it will vacate the property.
Seagis bought the building for $10.9 million in June 2005 as part of
the company's effort to establish a presence in the North Jersey market.
It was the company's first acquisition in the Meadowlands. And Seagis
principal John B. Begier said in 2005 that it was attractive because
the area "has some of the strongest supply/demand fundamentals in the
country."
Seagis has since spent $22 million buying a 51,000-square-foot
warehouse in South Hackensack, another warehouse about the same size
in Teterboro, and a 200,000-square-foot building in East Rutherford.
E-mail: morley_@_northjersey.com
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Date: Thu, 04 Jan 2007 15:10:03 -0000
Subject: [Newjerseytransit] NS on PVL
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This is a NS customer on the Pascack Valley Line. This is served off
the Ford Lead in Teterboro. With the closing of this plant, it will
leave one customer(Agfa Film)on the Ford Lead on the Teterboro/South
Hackensack area. Agfa receives about 1 car every two weeks. As of 1980
this area had 10 active customers and it's local(Conrail NB-31).
Thursday, January 4, 2007
By HUGH R. MORLEY
STAFF WRITER
Smurfit-Stone Container Corp. of Chicago is closing its Teterboro
plant, shifting the work to other facilities.
JAMES W. ANNESS / THE RECORD
arrowSmurfit-Stone Container Corp. of Chicago is closing its Teterboro
plant, shifting the work to other facilities.
A Chicago-based maker of corrugated containers is closing its
Teterboro manufacturing plant at a cost of 133 jobs.
Smurfit-Stone Container Corp. said that although production stopped
Dec. 28, a few employees were still working there Wednesday.
The company will terminate all 22 salaried employees and 111
hourly-wage workers by Jan. 13, according to the company and a letter
filed with the state Department of Labor.
Smurfit spokeswoman Lisa Esneault said the closure is "part of our
overall strategic plan, which is basically optimizing resources and
assets across the system."
The company, which has 27,000 employees worldwide, will shift
production to unspecified plants, Esneault said.
The move is in line with a cost-cutting plan announced by Smurfit in
2005 that called for the closure of 20 percent of the company's
corrugated-container plants by 2008. The company said the shift of
U.S. manufacturing work offshore and changes in the retail environment
have reduced demand for packaging in recent years.
In addition, the company reported in documents filed with the
Securities and Exchange Commission in March that the rise of
superstores, discount retailing giants and online shopping "has
resulted in a shifting of demand to packaging which is more condensed,
lighter weight and less expensive."
It was unclear Wednesday what will happen to the 93,000-square-foot
building that the company occupies at 200 Hollister Road in Teterboro.
Seagis Property Group of West Conshohocken, Pa., owns the 10-acre
property.
It has 20-foot ceilings, 11 tailgate dock doors and parking for 80
trailers, and is located close to Routes 46 and 80.
Dave Gibbons, a Seagis vice president, said Smurfit -- with two years
to run on its lease -- has not indicated when it will vacate the property.
Seagis bought the building for $10.9 million in June 2005 as part of
the company's effort to establish a presence in the North Jersey market.
It was the company's first acquisition in the Meadowlands. And Seagis
principal John B. Begier said in 2005 that it was attractive because
the area "has some of the strongest supply/demand fundamentals in the
country."
Seagis has since spent $22 million buying a 51,000-square-foot
warehouse in South Hackensack, another warehouse about the same size
in Teterboro, and a 200,000-square-foot building in East Rutherford.
E-mail: morley_@_northjersey.com
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