Packaging Corporation of America Sees Gains in Third-Quarter 2012 as Product Demand Strengthens

SUGAR LAND--October 17, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Packaging Corporation of America (NYSE:PKG) (PCA) (Lake Forest, Illinois), the fourth-largest U.S. producer of containerboard and corrugated packaging products, reported improved sales in the third quarter of 2012, as volumes for containerboard and corrugated products strengthened, key costs declined, and the company's mills set a production record. Net income for the quarter was reported to be $39.8 million, a 4.78% decrease from third-quarter 2011. Industrial Info is tracking about $50 million in planned projects involving PCA, including the proposed $20 million addition of a kraft pulp and linerboard mill in Counce, Tennessee.