BOISE CASCADE FORMS JOINT VENTURE IN BRAZIL

BOISE, Idaho, June 29 /PRNewswire/ -- Boise Cascade Corp. (NYSE: BCC)
announced today that it has signed an agreement with Industrias Klabin de
Papel e Celulose S.A. to establish a 50-50 joint venture in Brazil to produce
and market pine lumber.  The new company, Klabin Boise Madeiras, will export
approximately 85% of its total output, mainly to the United States.  The new
company will utilize both Klabin's and the joint venture's own forests in
Parana State and Boise Cascade's production technology and international
marketing network. 
Plans call for the estimated US$90 million investment in the sawmill
project to be financed primarily by equity contributed by the partners and
long-term debt financing from Banco Nacional de Desenvolvimento Economico e
Social (BNDES). 
The Klabin Boise Madeiras sawmill will incorporate state-of-the-art
equipment and will have the capacity to produce 85 million board feet of pine
lumber annually.  The mill will provide approximately 400 direct jobs and
800 indirect jobs.  Construction of the mill, which has been approved by the
Parana Environmental Agency (IAP), will take 18 months following completion of
financing arrangements. 
Boise Cascade Corp., headquartered in Boise, Idaho, is a major distributor
of office products and building materials and an integrated manufacturer and
distributor of paper and wood products.  The company also owns and manages
over 2 million acres of timberland in the United States.  Visit the Boise
Cascade web site at www.bc.com. 
Klabin, the largest integrated producer of pulp, paper, and paper products
in Latin America, with annual sales of US$1.3 billion, owns 219,000 hectares
of pine and eucalyptus forests in the southern region of Brazil which supply
its own pulp and paper mills and generate sales to other manufacturers.
 

SOURCE  Boise Cascade Corp. 
-0-                             06/29/99 
/CONTACT:  media, Doug Bartels, 208-384-6508, or home, 208-338-6895, or
investors, Vincent Hannity, 208-384-6390, or home, 208-345-8141, both of Boise
Cascade Corp./ 
/Web site:  http://www.bc.com/ 
/Company News On-Call:  http://www.prnewswire.com/comp/109525.html or fax,
800-758-5804, ext. 109525/ 


    (BCC)

CO:  Boise Cascade Corp.; Industrias Klabin de Papel e Celulose S.A.; Banco
     Nacional de Desenvolvimento Economico e Social; Parana Environmental


 Agency
ST:  Idaho, Brazil
IN:  PAP
SU:  JVN 
-0- Jun/29/1999   18:21
EOS   (PRN)    Jun/29/99    18:21      **
â
-0- (PRN) Jun/29/1999   18:36
 
 
Press spacebar to pause and continue. Press esc to stop.