Wastepaper Giant ACN Was Top US Exporter
Dana L. Brundage | May 27, 2011 8:21AM EDT
America Chung Nam, the sister company and supplier of wastepaper to China’s largest containerboard manufacturer, was the largest American exporter of containerized goods by volume in 2010 for the 10th year in a row, according to the latest Journal of Commerce Top 100 Importers and Exporters annual rankings.
The California-based company shipped a total of 300,800 20-foot equivalent units from the U.S. in 2010. The volume was 16 percent ahead of the 259,300 TEUs America Chung Nam exported in 2009.
Trade experts see the wastepaper exports as a measure of confidence in the U.S. retail economy because much of the material is turned into packaging for toys, electronics and other consumer goods produced at China's factories.
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America Chung Nam, founded in 1990, sends recycled paper goods to Chinese paper mills, which are then converted into fiberboard, cardboard, and packaging. The company has their customer base in the U.S., Asia and Europe. In addition to containerboard, they also exports plastic recyclables.
The JOC's Top 100 Importers and Exporters rankings are published in the May 30 edition of The Journal of Commerce.