Fullerton Unit Faces a $500,000 Shutdown Fee

Ropak Corp., a Fullerton plastic packaging company, said Thursday that its earnings for the year ended Dec. 31 will be charged with a reserve for discontinued operations at one of its three wholly owned Japanese subsidiaries, Tokyo-Kaken Co. Ltd. The net cost of dissolving the operation is estimated to be $500,000.

Ronald Cameron, chief financial officer, said the subsidiary, with annual revenue of about $3 million, has been losing money. The unit was acquired by Ropak in 1986 as an entry into the Japanese market.