Clearwater Paper Corporation announced plans to build a new tissue machine and related converting equipment for producing premium and ultra-premium grades of private label tissue products at a site adjacent to the company's existing facility in Shelby, North Carolina. "Clearwater Paper's customers are requiring more premium and ultra-premium products, which we are addressing with the new capacity. These high growth segments have increased 3.5 times faster than the overall tissue market, and we are committed to growing with our strategic customers and positioning ourselves to add new customers," said Linda K. Massman, president and CEO. "We believe this new capacity will reinforce our leadership in the private label tissue business and will be a significant driver of operating earnings growth while strengthening the quality of our manufacturing assets." After an extensive analysis of the anticipated market growth, costs and financial returns of a new paper machine, the company will install a 200-inch Valmet NTT tissue machine and related converting equipment. The new tissue machine will produce a variety of high-quality private label premium and ultra-premium bath, paper towel and napkin products. At full production capacity, the new tissue machine is expected to produce approximately 70,000 tons of tissue products annually. click Read More below for additional detail
Glatfelter is announcing a 4-6% price increase for the listed grades and product lines sold in our United States market. The increase will be effective with shipments on or after October 16, 2017. Uncoated converting papers: All Envelope grades; Transform®Laser MOCR; Logan® Reply Card. Printing & Imaging papers: All Cut Size Papers (Mill/Private Label); Spring Forge® Offset; Thor® Plus & Thor® PCW; Spring Forge® Digital; Hopewell Offset. Engineered Products: Pixelle® Basic; Repro Bond
All current standard differentials and upcharges remain in effect.