8 INDUSTRY NEWS


Northwest timber and paper group Longview to be split up


L


   


    Longview Timber, which has     including debt. Longview Fibre Paper and


      year, is being sold in a debt-free, cash-free deal to Illinois-based  billion.


 “coincidental”, said Cyrus Madon


 businesses six years ago. 


Stone said: “Acquiring Longview is an outstanding opportunity for  immediately adds value for our shareholders by increasing   


 balance sheet, which was strong    company is expected to deliver   quickly de-lever.  our exposure to the highly desirable containerboard segment. It also broadens our  KapStone a global producer of high performance extensible


  year.”


   expanded with the subsequent    and corrugated business from Corrugated Inc.   to be part of the KapStone family. It’s a great opportunity for our customers and employees. Our product lines complement each other and provide us with a   for the support they have given us.   for KapStone, and transforms KapStone into a much more 


Review the status of the speciality paper industry


        


from the event include pulp and paper producers, chemical and


July 2013


equipment suppliers, converters, distributors, end users, and industry consultants. Says conference chair Corey


   specialty paper and paperboard  tonnes annually and accounts 


of all papers and paperboards. It is growing, thanks to the increasing preference for renewable-source-based and recyclable materials, especially for packaging and food service  opportunity to compete with the  eroded paper’s overall market share as developments in raw


  record of excellence in increasing value to our shareholders.” Longview manufactures high quality containerboard, lightweight high performance multiwall paper, speciality kraft papers, and corrugated containers. Leading producer of unbleached kraft paper and corrugated products,  KapStone Paper and Packaging Corporation is the parent company of KapStone Kraft Paper Corporation and KapStone Container Corporation which includes three paper mills and  eastern and midwest US. Longview operates seven mills   Oakland in California; Twin Falls, Idaho; and at Cedar City and Spanish Fork in Utah.


materials and process equipment come online – improving quality and reducing manufacturing costs while maintaining paper’s  Speakers include PwC’s


European Leader, Forest, Paper  Murdoch; Sappi Fine Paper’s Dr Laura Thompson, Director,   America; and UPM Specialty Papers’ John Smedley, Vice   awa-bv.com


Pulp Paper & Logistics


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