F. M. Howell & Company’s packaging manufacturing businesses are extremely capital intensive. We must continually invest in new technologies to compete in a highly competitive global market. The pandemic has presented new opportunities to expand our business by serving the increased demand from our pharmaceutical, medical device and medical diagnostic customers. This project involves expanding our folding carton production capacity and improving efficiency and competitiveness with more technologically advanced equipment. Specifically, we will purchase a Bobst Die-cutter and a Bobst Gluer Finishing Line to accomplish this.