Word: papercraft
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Pittsburgh's Papercraft Corp., it is Christmas in August. Last week, at the firm's modern one-story plant, some 1,000 employees worked round the clock in three shifts to produce gift-wrapping paper for the 1967 holiday season. Traveling around the premises in an electric golf cart was President Joseph M. Katz, 54. Shouting to make himself heard above the roar of the presses, through which rolled 600 miles of paper daily, Katz exulted: "You can't eliminate Santa Claus...
Since Katz founded the company in 1945 on an investment of $10,000, Papercraft has become the world's largest maker of gift wrappings. Last year sales amounted to more than $24 million, almost twice those of 1962. For the first half of this year, sales are up 38% over the same period of 1966-although Katz would be the first to admit that this figure means little, since 90% of his annual business derives from the American penchant for placing prettily wrapped presents beneath the Christmas tree. This fact does not disturb Katz in the least...
...bigger package. In 1960, he paid $1,700,000 for the 91-year-old Massachusetts firm of LePage's, which makes glue and adhesive tape. He has since streamlined the operation, cutting out unprofitable lines, and LePage's is now in the black. Last year Papercraft entered a new field-that of vinyl tablecloths and place mats that look like lace-by buying out the Eastern Industrial Plastics Corp., since renamed American Universal Plastics...
| 1 |