SPOKANE, Wash.--(BUSINESS WIRE)--
Clearwater Paper Corporation (NYSE:CLW) — At a ceremony today in
Shelby, N.C., Clearwater Paper Corporation (NYSE:CLW) announced the
grand opening of its newest tissue facility located in Cleveland County.
Gov. Bev Perdue, who has provided assistance to the project, was onsite
to participate in the dedication.
"The dedication of this facility today ties back to one of Clearwater
Paper's core business strategies — to focus on growing the consumer
products segment of the company," said Gordon Jones, chairman, president
and CEO of Clearwater Paper. "The fantastic level of support we have
received from city, county and state officials in North Carolina has
reinforced our decision to build this facility at Shelby."
Clearwater Paper has hired 100 local employees and expects to hire
approximately 150 more workers before the project is completed. The
project is expected to include seven converting lines capable of
producing ultra-grades of private label tissue products and includes a
Through-Air-Dried (TAD) paper machine, which is expected to be completed
by the end of next year. The first two production lines have already
started up at the site.
"Many critical commitments were made and fulfilled during this massive
effort, demonstrating a great deal of dependability and integrity from
all parties involved," said Vince Reese, Shelby plant manager. "But we
are not done yet. Next comes our TAD paper machine, which will give us
the ability to increase our premium and ultra tissue offering to better
compete with nationally branded products."
When completed, the facility is expected to produce approximately 10
million cases of bathroom tissue and paper towels each year. The paper
machine is expected to produce 70,000 tons annually.
ABOUT CLEARWATER PAPER
Clearwater Paper manufactures quality consumer tissue, away-from-home
tissue, hard roll tissue, machine glazed tissue, bleached paperboard,
pulp and wood products at 15 manufacturing locations in the U.S. and
Canada. The company is a premier supplier of private label tissue to
major retailers and wholesale distributors. This includes grocery, drug,
mass merchants and discount stores. The company also produces bleached
paperboard used by quality-conscious printers and packaging converters.
Clearwater Paper's more than 3,800 employees build shareholder value by
developing strong customer partnerships through quality and service.
For additional information on Clearwater Paper, please visit our Web
site at www.clearwaterpaper.com.
Inquiries about Clearwater Paper tissue products can be made to tissue@clearwaterpaper.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 as
amended, including statements regarding completion of new tissue
converting lines and capabilities, hiring, completion of a TAD paper
machine, increased production capabilities, expansion of business
opportunities and ability to compete, and product offerings. These
forward-looking statements are based on current expectations, estimates,
assumptions and projections that are subject to change, and actual
results may differ materially from the forward-looking statements.
Factors that could cause actual results to differ materially include,
but are not limited to, the company's ability to complete its new
facilities; competition from larger producers; customers' product
preferences; changes in the United States and international economies;
changes in raw material and energy costs; cyclical industry conditions;
competitive pricing pressure for the company's products; changes in
freight costs and disruptions in transportation services; unanticipated
manufacturing disruptions; changes in general and industry-specific laws
and regulations; unforeseen environmental liabilities or expenditures;
labor disruptions; and other risks and uncertainties described from time
to time in the company's public filings with the Securities and Exchange
Commission. The forward-looking statements are made as of the date of
this press release and the company does not undertake to update any
forward-looking statements.
For more information on Clearwater Paper, please visit our website
at www.clearwaterpaper.com.
Clearwater Paper Corporation
Matt Van Vleet, 509-344-5912
Source: Clearwater Paper Corporation
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