I have been around long enough to remember when retail interest rates were in the +20% range. At the time, corporations were not usually being charged at these levels, but they did reach into the mid-teens. The usual reaction at that point was not to do capital projects, but to wait. Even if corporations were self-funding, they often waited because they could make larger and safer returns with their money at interest in the bank. Today, interest rates are trivial, even for construction loans. Gone are the days when there was a sharp focus on construction interest costs.
Oji Holdings Corporation announces that Oji HD and ISHIZUKA GLASS Co., Ltd. have concluded a basic joint venture agreement on paper container-related business.
Sonoco announced it has completed the acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ), a global manufacturer of thermoformed packaging serving healthcare, medical device and consumer markets, from ESCO Technologies, Inc. for $187 million in cash.
