|
Go To |
Headquarters:
Website: http://www.templeinland.com Temple-Inland operates in three areas -- corrugated packaging, forest products and financial services. The Corrugated Packaging operation has six containerboard mills and serves customers through an integrated - nationwide system of converting facilities. Corrugated Packaging is the largest segment of the paper market and includes consumer packaging and containers. The Forest Products operation manufactures a diverse line of products for new home construction and for repair and remodeling markets. This group manages the company's 2 million acres of forestland. Temple-Inland is the largest private landowner in Texas and the fifth largest corporate forestland owner in the U.S. South. The Financial Services operation includes three major operations: Guaranty Bank, with a network of over 140 banking centers in Texas and California; Guaranty Insurance Services, Inc., ranked nationally in the top one percent of independent insurance agencies; and Lumbermen's Investment Corporation, a residential lot developer and commercial property investor. For 2004, the company reported net income of $165 million on revenues of $4.75 billion. The company has eliminated about 1,800 positions in its mortgage business and converting facilities over the past 18 months. History The corrugated packaging operation began in 1918 when Herman C. Krannert started making ventilated corrugated boxes for the shipment of baby chicks. These boxes met the growing need for lightweight and inexpensive containers to replace traditional wooden crates and barrels. The business thrived, even during the Great Depression of the 1930s as the demand for corrugated boxes grew for domestic commerce. By 1939, the company had acquired four box plants and initiated vertical integration. The growth accelerated in the mid-1940s as the number of sites, the range of products, and the base of customers expanded. Today, Temple-Inland is the third largest manufacturer of corrugated packaging in North America. The forest products segment began in 1893 when T.L.L. Temple purchased 7,000 acres of forestland in Angelina County, Texas. The company has continuously operated a sawmill at the original site since 1894. From the early 1900s to the housing boom following World War II, basic lumber products for the construction and furniture industries were produced using both pine and hardwood. By the early 1950s, technology advances allowed chips, sawdust, and shavings to be used to manufacture wood panels and fiberboard sheathing. During the next two decades the company pioneered the early research and development of Southern Pine plywood, and began producing particleboard, gypsum wallboard, and other building materials. The financial services segment began in 1954 as an outgrowth of an association of lumber dealers based in Austin, Texas. It was created to encourage home building and to help finance new houses. In 1971, the company acquired controlling interest of the business. In 1987, Temple-Inland purchased its first thrift, a savings bank in Kilgore, Texas. Since then, Guaranty has acquired more than 20 savings institutions throughout Texas, and in the late 1990s further acquisitions gave Guaranty a major presence in California. Benefits Benefits include healthcare, life insurance, disability, vacation and retirement. Many optional benefits are also available such as dental, supplemental and dependent life insurance, supplemental disability, education assistance, scholarships and matching gifts. Updated July 6, 2005 |