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Georgia-Pacific Announces Significant Investments In Dudley Lumber Operations



Georgia-Pacific Announces Significant Investments In Dudley Lumber Operations

PR Newswire

ATLANTA, Oct. 3, 2013

ATLANTA, Oct. 3, 2013 /PRNewswire/ -- Georgia-Pacific today announced that it
will invest approximately an initial $9 million at its Dudley, N.C., lumber
operations as part of a multi-phase increase in the mill's lumber production
capacity and supporting infrastructure.

(Photo:  http://photos.prnewswire.com/prnh/20131003/CL91812 )

Most of the investment will be used to construct a new continuous dry kiln
that will double the kiln capacity at the mill and create approximately 20 new
jobs. Construction is expected to start immediately and is scheduled for
completion by the second quarter of 2014.  The company also is conducting
engineering analysis, infrastructure evaluation and permitting studies for
additional capital investments under consideration for the mill, which could
total up to $90 million if made.

The Dudley investment is part of a larger investment plan Georgia-Pacific
announced in March.  The company also is evaluating investments in other
building products facilities in several other Southern states, including
Alabama, Arkansas, Georgia, South Carolina and Texas. The investment under
consideration would increase Georgia-Pacific's overall production capacity by
approximately 20 percent.

"With the housing market continuing a slow and steady improvement, these
planned investments will allow Georgia‑Pacific to provide our current and
future customers with the products they need as they begin to ramp up their
operations," said Mark Luetters, executive vice president, Georgia-Pacific
building products. "We take a long-term approach to our building products
business, and planning these investments demonstrates our commitment to the
building products industry and the communities where we operate."

Neal Benton, chairman of the Wayne County Development Alliance, added,
"Georgia-Pacific's commitment to Wayne County is a testament to the
relationship that exists between their leadership, the Development Alliance,
and the County of Wayne. We greatly appreciate this significant investment and
new job creation."

Georgia‑Pacific has eight facilities in North Carolina, seven of which are
part of the building products business. The company employs approximately 800
people directly in North Carolina, including approximately 530 people at the
Dudley operations (approximately 100 supporting lumber operations and
approximately 430 supporting plywood operations). Total compensation and
benefits for North Carolina employees is approximately $49 million directly,
resulting in $152 million in combined wages and benefits.

Since 2006, the Georgia-Pacific building products business has invested more
than $2.2 billion in capital for property and equipment upgrades and
acquisitions, including the 2007 purchase of several International Paper
building products assets, the 2010 Grant Forest Products acquisition, and most
recently, the $710 million acquisition of the former 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 approximately 35,000
people worldwide. For more information, visit www.gp.com.

SOURCE Georgia-Pacific

Website: http://www.gp.com
Contact: Eric Abercrombie, (404) 652-5209, or Karen Cole, (404) 652-4747
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