2013-02-13 15:04:03 -
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
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.
Director, Investor Relations
Vice President, Human Resources and Corporate Affairs
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Source: Boise Paper Holdings LLC via Thomson Reuters ONE