MOD-PAC CORP. Earns Chain-of-Custody Certification Demonstrating Commitment to Sustainable Forest Management
January 26 2011 - 10:00AM
Business Wire
MOD-PAC CORP. (NASDAQ: MPAC) (the “Company”), a manufacturer of
custom and stock paper board packaging and provider of personalized
print products, announced today that as part of its continued
commitment to environmental responsibility that it has earned
chain-of-custody (CoC) certification from both the Sustainable
Forestry Initiative (SFI(R)) and the Programme for the Endorsement
of Forest Certification (PEFC) for its paperboard packaging
facility located in Buffalo, NY.
These two independent organizations represent the leading global
forestry certification bodies and provide standards requiring
third-party validation of a plant's documented processes and CoC
monitoring system. CoC certification outlines requirements for
tracking certified material from the forest to the final product to
ensure that the wood contained in the product or product line
originates from certified forests and organizations with forestry
practices that integrate the perpetual growing and harvesting of
trees with the protection of wildlife, plants, soils, and
water.
Additionally, MOD-PAC’s Buffalo facility has been certified to
SFI(R)'s fiber sourcing procurement requirements, which requires
program participants to show that the raw material in their supply
chain comes from legal and responsible sources, whether the forests
are certified or not.
“This combination of certifications provides our customers with
the highest degree of confidence and flexibility for them to
provide chain-of-custody or fiber sourcing claims while
demonstrating our corporate commitment to the sustainability of our
planet," said Daniel G. Keane, President and Chief Executive
Officer of MOD-PAC CORP.
David B. Lupp, Chief Operating Officer and Chief Financial
Officer added, "We take great pride in the efforts that we have
made to ensure the sustainability of our planet for future
generations. By receiving these certifications we are now able to
supply our customers with the most stringent fiber certifications
possible to go along with our high quality products and short lead
times."
MOD-PAC CORP. is committed to environmental stewardship,
sustainable business practices and sustainable solutions for its
customers. With an ever-growing awareness of how industry impacts
our planet, MOD-PAC strives to make its’ manufacturing processes as
gentle as possible to the world around us. This environmental focus
guides how the Company operates its’ facilities and sources,
processes and recycles its paperboard materials. In addition to
traditional recycling programs, MOD-PAC also demonstrates its
commitment to sustainability by producing its own reduced-emission
natural gas electric power. MOD-PAC is doing its best to preserve
the environment for future generations by committing to cleaner and
earth-friendly solutions today. A sustainable approach helps
MOD-PAC CORP eliminate waste, reduce energy consumption and
minimize its impact on the environment.
Further information about MOD-PAC’s environmentally-friendly
approach to business can be found on its websites at
www.modpac.com.
SFI(R) Certification Numbers: NSF-SFI-COC-C0069251 and
NSF-SFIFS-C0069251PEFC Certification Number:
NSF-PEFC-COC-C0069251
ABOUT MOD-PAC CORP.
MOD-PAC CORP. is a high value-added, on demand print services
firm providing products and services in two product categories:
folding cartons and personalized print. Within folding cartons,
MOD-PAC provides CUSTOM FOLDING CARTONS for branded and private
label consumer products in the food and food service, healthcare,
medical and automotive industries. The Company also offers a line
of STOCK PACKAGING primarily to the retail confectionary industry.
MOD-PAC’s PERSONALIZED PRINT product line is a comprehensive
offering for consumer and corporate social occasions.
MOD-PAC’s strategy for growth is to leverage its capabilities to
innovate and aggressively integrate technology into its production
operations providing cost-effective solutions for its customers.
Through its large, centralized facility, the Company has captured
significant economies of scale by channeling large numbers of
small-to-medium-sized orders through its operations due to its
rapid order change out skills. Applying its lean manufacturing
processes coupled with state-of-the-art printing technologies,
MOD-PAC is able to address short-run, highly variable content needs
of its customers with quick turn around times relative to industry
standards.
Additional information on MOD-PAC can be found at its website:
http://www.modpac.com.
Safe Harbor Statement:
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. One can identify these forward-looking statements by
the use of the words such as "expect," "anticipate," "plan," "may,"
"will," "estimate" or other similar expressions. Because such
statements apply to future events, they are subject to risks and
uncertainties that could cause the actual results to differ
materially. Important factors, which could cause actual results to
differ materially, include market events, competitive pressures,
changes in technology, customers preferences and choices, success
at entering new markets, the execution of its strategy, marketing
and sales plans, the rate of growth of internet related sales, the
effectiveness of agreements with print distributors and other
factors which are described in MOD-PAC’s annual report on Form 10K
on file with the Securities and Exchange Commission. The Company
assumes no obligation to update forward-looking information in this
press release whether to reflect changed assumptions, the
occurrence of unanticipated events or changes in future operating
results, financial conditions or prospects, or otherwise.
Model Performance Acquis... (NASDAQ:MPAC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Model Performance Acquis... (NASDAQ:MPAC)
Historical Stock Chart
From Jul 2023 to Jul 2024