MEMPHIS, Tenn.--(BUSINESS WIRE)--July 30, 2003--Buckeye
Technologies Inc. (NYSE:BKI) today announced that it has entered into
an exclusive agreement with Nippon Paper Chemicals Company, Ltd.,
Tokyo, Japan to market Nippon's specialty sulphite pulps in fifty
countries throughout North and South America, Europe, Africa, the
Middle East, and much of Asia.
This business alliance with Nippon Paper Chemicals Co., Ltd. will
enable Buckeye to offer its customers a broader range of specialty
products. Buckeye will be the only company in the world marketing the
full range of specialty pulps - kraft and sulphite wood pulps as well
as cotton linter pulp.
Buckeye Chairman David B. Ferraro commented, "We are pleased to be
expanding our relationship with Nippon Paper Chemicals Co., Ltd., a
major Japanese supplier of pulp and chemicals. Nippon Paper Chemicals
Co., Ltd. is noted for its high quality and diverse product line. The
opportunity to market their products should enable us to make
additional sales to our current customers and develop relationships
with new customers."
Buckeye, a leading manufacturer and marketer of specialty
cellulose and absorbent products, is headquartered in Memphis,
Tennessee, USA. The Company currently operates facilities in the
United States, Germany, Canada, Ireland and Brazil. Its products are
sold worldwide to makers of consumer and industrial goods.
Nippon Paper Chemicals Co., Ltd. is a new independent company
inaugurated on October 1, 2002 as a wholly owned subsidiary of Nippon
Paper Industries Co., Ltd. Nippon Paper Industries Co., Ltd. is one of
the world's largest integrated paper manufacturers. The company
manufactures and markets pulp, newsprint, printing and publishing
paper and functional film products.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal
securities laws that involve risks and uncertainties, including but
not limited to economic, competitive, governmental, and technological
factors affecting the Company's operations, financing, markets,
products, services and prices, and other factors. For further
information on factors which could impact the Company and the
statements contained herein, please refer to public filings with the
Securities and Exchange Commission.
Press spacebar to pause and continue. Press esc to stop.