Boise Inc. Announces Investments in its Packaging Converting Operations
13 Februar 2013 - 3:00PM
BOISE, Idaho - Boise Inc. (NYSE: BZ)
announced today key investments in the converting operations of its
Packaging business. The largest capital improvement is the
installation of a new 110" corrugator at the company's Central
Texas Corrugated (CTC) sheet feeder facility in Waco, Texas, which
is expected to start up in third quarter 2013.
"We're excited about this new corrugator and
several other investment projects, which are aimed at reducing
operating costs, improving quality, and increasing production
capabilities," said Dave Kunz, vice president of Packaging. "Once
installed, the new CTC corrugator will replace two existing
corrugators, which will improve our operating efficiency and lower
our costs. We expect the new corrugator will add 180,000 msf of
low-cost production capacity, while simultaneously allowing us to
reduce operating costs."
The company has also completed a recent rebuild of
its corrugator at its converting facility in Salt Lake City, Utah.
This rebuild has substantially increased the speed and throughput
of the machine, reduced waste, and improved product quality.
Additionally, the company has installed a new high-speed flexo
machine at its converting facility in Wallula, Washington. This new
machine replaces two older converting machines and improves our
efficiency through reduced set up time, along with lower operating
costs.
"These investments are an important part of our
plan to grow our Packaging business. We plan to continue making
these types of investments in our Packaging system to meet changing
customer needs, grow with our customers, and ensure that our
facilities are safe, efficient, and cost competitive," said
Alexander Toeldte, president and chief executive officer of Boise
Inc.
About Boise Inc.
Headquartered in Boise, Idaho, Boise Inc. (NYSE:
BZ) manufactures a wide variety of packaging and paper products.
Boise's range of packaging products includes linerboard and
corrugating medium, corrugated containers and sheets, and
protective packaging products. Boise's paper products include
imaging papers for the office and home, printing and converting
papers, and papers used in packaging, such as label and release
papers. Our employees are committed to delivering excellent value
while managing our businesses to sustain environmental resources
for future generations. Visit our website at www.BoiseInc.com.
Forward-Looking Statements
This news release contains statements that are
"forward looking," as defined by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance, or achievements.
Statements regarding the capital projects in our Packaging business
and the benefits we expect to derive from those project are forward
looking. These capital projects involve risks, uncertainties, and
estimates that are difficult to predict. Economic and
competitive influences, availability of equipment and suppliers,
the performance of the equipment once installed, and other factors
could cause the outcome of the projects, the costs, and the timing
to differ materially from what we have predicted in this
release. For more information about the factors that may
affect Boise's performance, please refer to our filings with the
Securities and Exchange Commission. We undertake no obligation
to update the forward-looking statements in this release whether as
a result of new information, future events, or otherwise.
SOURCE: Boise Inc.
Greg Jones
Director, Investor Relations
208-384-7141
Virginia Aulin
Vice President, Human Resources and Corporate Affairs
208-384-7837
http://www.boiseinc.com/
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Boise Paper Holdings LLC via Thomson Reuters
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