Georgia-Pacific Announces Significant Investments in Plywood And Lumber Operations

   Georgia-Pacific Announces Significant Investments in Plywood And Lumber

PR Newswire

ATLANTA, March 22, 2013

ATLANTA, March 22, 2013 /PRNewswire/ -- Georgia-Pacific today announced that
it is developing plans for potential investments, which total nearly $400
million, in its plywood and lumber operations. These facility expansions and
equipment upgrades will further strengthen the company's commitment to meet
customers' needs in the building products industry.

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The company has approved funding for significant engineering and is evaluating
facilities in a number of southern states, including North Carolina, South
Carolina, Georgia, Alabama, Mississippi, Arkansas and Texas. The effort would
increase Georgia-Pacific's overall capacity by approximately 20 percent.
Pending final site selection and required permitting, start-up would be
expected in the second half of 2014 through the beginning of 2015.

"The markets for our products are currently improving at a steady pace. These
proposed investments would position Georgia‑Pacific to provide our current and
potential customers with the products they need to grow with a long –term
recovery in housing," said Mark Luetters, executive vice president,
Georgia-Pacific building products. "We have a long-term vision for our
building products business, and these investments underscore our commitment to
the industry and the communities where we are located."

Since 2006, the Georgia-Pacific building products business has invested close
to $1.5 billion in capital for property and equipment upgrades and
acquisitions. This includes the 2007 purchase of several International Paper
building products assets and the 2010 Grant Forest Products acquisition. The
company also continues to plan for the more than $700 million acquisition of
the Temple-Inland Building Products assets.

Headquartered at Atlanta, Georgia-Pacific is one of the world's leading
manufacturers and marketers of building products, tissue, packaging, paper,
cellulose and related chemicals. The company employs nearly 35,000 people
worldwide. For more information, visit

SOURCE Georgia-Pacific

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