Effective January 1, 2012, the operations of Bright View Technologies Corporation (“Bright View”) were incorporated into Film Products to leverage research and development efforts and accelerate new product development. Prior year balances for Bright View have been reclassified to Film Products to conform with the current year presentation. Operating losses for Bright View in the first nine months of 2012 were $2.9 million, which were consistent with the first nine months of 2011.
Capital expenditures in Film Products were $18.6 million in the first nine months of 2012 compared to $8.9 million in the first nine months of 2011. Film Products currently estimates that capital expenditures will be approximately $36 million in 2012, which includes approximately $22 million in capital expenditures for a project that will expand our capacity at the manufacturing facility in Cabo de Santo Agostinho, Brazil. This multi-year project will significantly increase capacity in Brazil and primarily serve flexible packaging films customers in Latin America. Depreciation expense was $26.8 million in the first nine months of 2012 and $25.5 million in the first nine months of 2011, and is projected to be approximately $35 million in 2012.
A summary of third quarter and year-to-date operating results for Aluminum Extrusions, which is also referred to as Bonnell Aluminum, is provided below:
|Quarter Ended||Favorable/||Nine Months Ended||Favorable/|
|(In Thousands,||September 30||(Unfavorable)||September 30||(Unfavorable)|
|Except Percentages)||2012||2011||% Change||2012||2011||% Change|
|Sales volume (pounds)||26,458||29,484||(10.3||)%||81,144||82,679||(1.9||)%|
|Operating profit from ongoing operations||$||1,846||$||2,301||(19.8||)%||$||7,349||$||2,539||189.4||%|
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