News - Georgia-Pacific Corp., Headquarters Division

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News - Georgia-Pacific Corp., Headquarters Division

News - Georgia-Pacific Corp., Headquarters Division

Newsgrafik #118213
 10.10.2017

Ecolab Agrees to Acquire Georgia-Pacific Paper Chemicals Business Transaction planned to ...  (Company news)

... expand Ecolab’s offerings for the paper industry

Ecolab Inc., the global leader in water, hygiene and energy technologies and services has signed an agreement to acquire the paper chemicals business from Georgia-Pacific. This business supplies differentiated products and applications that provide strength, softness and durability to paper. These products and applications will enhance Ecolab’s position in the growing Tissue and Towel, as well as the Packaging and Board segments of the paper industry. The business had 2016 revenues of approximately $43 million. The transaction is expected to be completed before the end of the year subject to customary closing conditions. Terms of the transaction were not disclosed.

The acquisition will expand the paper industry offerings of Ecolab’s Paper business, which provides innovative chemistries and solutions, to help producers improve their efficiency, water and energy savings, product quality, and profitability.

“This acquisition will enable us to provide additional value to our customers who strive to produce higher-quality paper more efficiently while preserving natural resources,” said Christophe Beck, executive vice president and president, Nalco Water, Ecolab’s water management business. “The chemistries gained through this transaction will complement our existing solutions and provide greater opportunity to customize end-to-end programs that meet the needs of our customers.”

“We believe this sale to a global industry leader like Ecolab’s Nalco Water will be in the best interest of our customers and stakeholders,” said Rick Urschel, president, Georgia-Pacific Chemicals.
(Ecolab Inc.)

Newsgrafik #117404
 04.07.2017

Georgia-Pacific: Palatka, Florida, Mill Selected For $400 Million Investment   (Company news)

Georgia-Pacific announced that its Palatka, Florida, mill has been selected as the location for the company’s previously announced investment of more than $400 million in its GP Consumer (retail) tissue and towel business. The investment supports continued growth for key customers’ premium private label towel products.

Investments to the Palatka mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, and startup of the upgraded operation is scheduled for 2019.

Approximately 80 jobs will be created to operate the new papermaking complex, in addition to the mill’s 850 current employees. An average of 160 construction and contract-related workers are expected to be onsite at the mill every day during the project, with a potential peak of 700 contract workers per day at the height of construction.

“This upgrade to our operations in Florida underscores our long history of investment in the state by Georgia-Pacific and Koch companies,” said Christian Fischer, Georgia-Pacific president and chief executive officer. “We appreciate the ongoing support of the local community, Putnam County and state officials in our efforts to continue making our Palatka mill more competitive for the long-term.

In the last 10 years, capital investment and acquisitions in the Palatka mill have totaled $306 million and statewide investments have totaled $1.5 billion.

“The Palatka mill has been a major economic contributor in Putnam County for 70 years,” said Larry Harvey, chairman, Putnam County Board of County Commissioners. “It is gratifying that Georgia-Pacific continues to see our community as a solid location for significant investment. With this new manufacturing technology coming to the Palatka mill, we look forward to many more decades of opportunity together.”

The Palatka mill currently operates two kraft paper machines, three paper machines manufacturing paper for bath tissue and paper towels, and a number of converting operations producing finished paper products.

The improvements will allow Georgia-Pacific’s current and potential customers to grow their premium private label towel brands, as well as expand the company’s Brawny® premium paper towel brand.

“This significant investment demonstrates our commitment to GP’s consumer business, our hard-working teams and our current and potential customers,” said Kathy Walters, Group President – Georgia-Pacific Consumer Products Group. “It also allows us to further leverage the many advantages we have, including our breadth of offerings, excellence in manufacturing operations and research and development to create products that consumers value.”

In Florida, Georgia-Pacific operates three facilities and employs nearly 1,600 people with total annual compensation and benefits of more than $143 million.
(Georgia-Pacific Corp.)

Newsgrafik #117127
 31.05.2017

Georgia-Pacific Investing $400 million To Grow Consumer Products Business   (Company news)

Georgia-Pacific announced significant investments, which total more than $400 million, for its GP Consumer (retail) tissue and towel business. The investments support further growth for key customers’ private label brand products.

The company has approved funding for a paper machine using through-air-dried (TAD) technology, associated converting equipment and infrastructure work. A final decision on the location of the new operations, which will be in the eastern United States, is expected to be announced soon with startup projected for 2019. Approximately 80 jobs would be created to support operations.

“This investment demonstrates our commitment to GP Consumer’s current and potential customers who plan to grow their premium private label towel brands, as well as to expand Georgia‑Pacific’s own Brawny® premium paper towel brand,” said Fernando González, president – GP Consumer business.

Kathy Walters, group president – GP Consumer Products Group, added, “This investment will help GP Consumer further leverage the many advantages we have – including our breadth of offerings and many others – to create products consumers value while meeting the changing needs of our customers.”
(Georgia-Pacific Corp.)

Newsgrafik #111782
 28.10.2015

GP Announces $110 Million Investment At Alabama River Cellulose   (Company news)

Georgia-Pacific announced plans for $110 million in upgrades to its Alabama River Cellulose (ARC) mill. The investments include replacing one of the mill’s two existing wood yards that process incoming logs, upgrading the other wood yard and a major upgrade to one of the mill’s machines that produce pulp.

The formal announcement was made at the mill by Jim Hannan, CEO and president of Georgia-Pacific, alongside Governor Robert Bentley, to an audience of employees, local and state leaders, key stakeholders and media.

Photo left to right: CEO and President of Georgia-Pacific Jim Hannan, Alabama Governor Robert Bentley, and Alabama River Cellulose Vice President of Operations Tim McIlwain.

The investment in ARC follows more than $2.2 billion invested by Georgia-Pacific across Alabama in the last 10 years. The ARC project will allow the mill to better serve customer needs, stay competitive in a challenging industry, preserve jobs for Alabama residents and provide ongoing support to the local and state community. In fact, this $110 million investment further secures the mill’s estimated $200 million contribution to the local economy through payroll, direct purchases and taxes, as well as indirectly through products and services purchased by employees.

Work on the project is slated to begin early next year, and construction is expected to require approximately 65 people per day for 18 months.

“We are pleased to announce this major investment at Alabama River Cellulose,” said Hannan. “This reflects our company’s strong commitment to our cellulose business, to the global competitiveness of skilled Georgia-Pacific employees, to the states that understand the value we create and to the support of the communities where we operate. We look forward to the full support of this community and this state for our company and operations here.”
(Georgia-Pacific Corp.)

Newsgrafik #109037
 17.02.2015

Palatka Mill's $70 Million Investment Boosts Energy Efficiency   (Company news)

Our commitment to sustainability can be seen as an investment in the future, which is why we’re spending $70 million in our Palatka, Florida, paper mill. The money will be used to upgrade the mill’s evaporators, a key component in generating energy to operate the mill. At first glance, new evaporators might not sound impressive, but they’ll reduce energy costs by an estimated $1 million per month and water usage by more than 30 percent.

This is just the latest in almost $100 million spent to enhance the mill’s safety, quality, sustainability and productivity.

Palatka mill manager Kevin Curry stresses the strategic importance of the expense. “We continue to make ongoing investments in the mill to help reduce our overall environmental impact and improve our cost competitiveness. This latest investment helps accomplish both of those goals, and earning it is a great accomplishment for our entire Palatka team,” he said.

This new project is in addition to an approximately $19 million investment announced last year for the installation of product quality improvement equipment in the mill’s kraft paper area. Installation of that project is currently underway. The mill also has approximately $10 million slated for safety and environmental improvement projects.
(Georgia-Pacific Corp.)

Newsgrafik #107281
 11.08.2014

Brewton Energy Improvement Investment  (Company news)

“Georgia-Pacific has a track record of investing back into our business to help continuously improve our operations and meet the long-term needs of our customers, our company, our communities and our employees,” said Jim Hannan (photo), CEO and president, Georgia-Pacific. “This investment in our Brewton facility reflects our confidence in the Brewton team to continue to improve the competitiveness of this facility.”
“I’m proud of Georgia-Pacific's investment to improve the mill in Brewton. This shows the company's commitment to their employees and the state of Alabama,” said Alabama Governor Robert Bentley. “This major investment will provide long-term and immediate benefits for Escambia County. During the construction phase hundreds of workers are projected to be on site daily which will have a positive impact on the local economy.”

The energy improvement project modernizes and streamlines the current mix of equipment in the mill’s recovery boiler system, which will contribute to more efficient processes and operations.
“We will become self-sufficient in terms of the energy needed for our processes,” said Jeff Joyce, vice president and general manager, Brewton mill. “This will improve our competitive advantage and enhance the long-term viability of the mill.”

Among other benefits of the energy improvement project:
• Improved reliability and energy efficiency
• Workforce influx of approximately 600 (at peak) for construction
• Positive short-term economic benefits to the surrounding community, particularly in the form of retail sales and lodging revenues from contractors

“While we are now gearing up for construction, our teams have been planning and preparing for this project since 2013, including ordering equipment and pre-constructing some components,” said Joyce. “We are very appreciative of the work of those teams and the support we have received from our community and local leaders in securing this project for our mill. We are proud to be here.”
Mayor Yank Lovelace, Sr., said, “We are thrilled to have Georgia-Pacific in our city, and this investment in Brewton affirms the company’s commitment to our community. We have worked hard to support local industry and welcome economic growth that is the result.”
Escambia County Commission Chairman David Stokes, added, “This will make the Brewton mill competitive for generations to come, giving our people the opportunity to make a good living and raise their families here in Brewton.”
Teams at the Brewton mill produce white-top linerboard and solid bleached cartonboard. The mill is the largest employer in Brewton, with approximately 450 employees. In Alabama, Georgia-Pacific employs approximately 2,500 people directly, and those jobs create an additional 12,300 jobs indirectly. Total compensation and benefits for Georgia-Pacific Alabama employees is approximately $242 million directly, resulting in a broader economic impact of $695 million in combined wages and benefits.
In recent years, Georgia-Pacific has invested $11 billion into operations across the country, including Alabama, where approximately $1.4 billion in capital has been invested to grow existing operations, acquire new operations, improve safety and environmental performance or delivery.
(Georgia-Pacific Corp.)

Newsgrafik #106216
 29.04.2014

Celebrating 20 Years of Environmental Innovation   (Company news)

We’re celebrating the 20th year of Georgia-Pacific’s Environmental Excellence Awards. The program showcases the best-of-the-best in environmental performance within Georgia-Pacific. Here are the highlights from this year’s award-winning, innovative projects:

From Trash to Trays:
As part of an ongoing effort to reduce its environmental footprint, Georgia-Pacific’s consumer products facility in Plattsburgh, N.Y., looked for ways to reduce the amount of paper mill waste fiber going to the local landfill. The facility soon realized it had a solution in its own back yard. It teamed up with a neighboring company that could use the fiber material, a byproduct from the mill’s water filtration process, for manufacturing molded coffee cup trays. This reuse initiative diverted more than 600 tons of residuals every year from the landfill to a beneficial use.

GP’s Green Teams:
Georgia-Pacific’s Building Products business sought to improve its process for creating a skilled talent pool of environmental professionals by implementing an Environmental Entry Level Professional (ELP) Program. ELP professionals go through a rigorous, year-long training program that simultaneously builds environmental compliance expertise and hands-on operational and leadership skills. The program enhanced mentor development and improved training processes for all incoming environmental professionals across the business. It not only improved environmental talent and enabled positions to be filled quickly, but more importantly, it also ensured compliance and consistent application of environmental performance standards across facilities.

Pulp for Pets:
For several years, the Brunswick, Ga., cellulose mill has been focused on operating strategies to reduce, recycle and reuse each of its manufacturing waste streams that have historically been routed to an onsite landfill. After investigating best practices at other mills and researching non-traditional uses for its residual materials, in 2013 the mill reduced waste going to the landfill by more than 90 percent. One solution included working with an animal bedding manufacturer to use leftover pulp fiber for its products. Other products being made from the mill’s residual waste include containerboard, water filters, fish aquarium filters, garden mulch, top soil and soil amendments. In 2014, the mill has a goal to recycle 100 percent of its residual materials.

Gypsum’s Soil Solution:
Employees from our gypsum business were tasked with reclaiming 77,000 cubic yards of waste gypsum from an idle facility in Utah. After hearing that a local farmer needed clean gypsum for soil amendment on a hay farm, employees began testing samples and working with local agencies to approve use of the product. The team also discovered that the gypsum could be used by cement manufacturers and for other land application uses, further diverting waste from the landfill.
(Georgia-Pacific Corp.)

 

Buckeye Technologies Stockholders Approve Merger Agreement with Georgia-Pacific  (Company news)

Buckeye Technologies Inc. (NYSE:BKI, “Buckeye”) announced that at a special stockholders’ meeting held yesterday, Buckeye stockholders approved the Agreement and Plan of Merger, dated as of April 23, 2013, by and among Georgia-Pacific LLC (“Georgia-Pacific”), GP Cellulose Group LLC (“Purchaser”) and Buckeye (the “Merger Agreement”).
More than 84% of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013 record date were voted in favor of the adoption of the merger agreement. Buckeye stockholders also approved the non-binding advisory proposal regarding merger-related compensation with a vote of more than 83% of the total outstanding shares of Buckeye common stock eligible to vote as of the July 8, 2013 record date.
Upon the closing of the transaction, Buckeye will become an indirect, wholly-owned subsidiary of Georgia-Pacific, and Buckeye stockholders (other than Buckeye stockholders who have properly exercised rights of appraisal) will be entitled to receive $37.50 in cash, without interest and subject to any withholding of taxes required by applicable law, for each share of Buckeye common stock owned at the time of the transaction’s closing.
Consummation of transaction remains subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, along with the satisfaction of other customary closing conditions.
(Buckeye Technologies Inc.)

 

Georgia-Pacific To Acquire Buckeye Technologies Inc.  (Company news)

Georgia-Pacific is excited to announce an agreement to acquire Buckeye Technologies Inc., a leading manufacturer and marketer of specialty fibers and nonwoven materials made from wood and cotton. Based in Memphis, Tenn., Buckeye Technologies is a quality organization that will help us grow our business and continue our efforts to offer innovative, quality products to our customers.
The acquisition will provide our GP Cellulose® business a complementary product portfolio aligned with our strategy to operate in the growing specialty pulp business. In addition, Buckeye Technologies’ talented employees, innovation capabilities and advanced technologies will provide us with a significant platform for continued growth and success.
The acquisition includes all outstanding common stock of Buckeye Technologies, as well as its five manufacturing facilities, global sales offices and approximately 1,200 employees. The company’s manufacturing assets include a specialty pulp mill at Perry, Fla.; cotton cellulose mills at Memphis, Tenn., and Lumberton, N.C.; and mills producing nonwovens at Mt. Holly, N.C., and Steinfurt, Germany. The company also has global sales offices in Beijing, the United Kingdom, France, Italy and Switzerland.
This announcement demonstrates our philosophy for making long-term, strategic investments in areas where we can add value for our customers and our company.
We look forward to completing this transaction and expect it to close later this year, subject to regulatory approvals and other closing conditions.
(Georgia-Pacific Corp.)

 

SCA Year-end Report Q4 2012 - JANUARY 1–DECEMBER 31, 2012  (Company news)

The packaging operations that were divested on June 30, 2012, are reported for the current and preceding year only as a separate line item in the income statement – Net profit for the period from disposal group. Comments in this report are thus entirely exclusive of the packaging operations.
The divestments commented on in the report refer to the formation of a joint venture in Australia/New Zealand through the sale of 50% of the shares and deconsolidation of the operations from the start of the year, and to the divestment of Aylesford Newsprint, which is deconsolidated as from the start of the fourth quarter. Figures for the preceding year and the first three quarters of 2012 have not been recalculated for these two divestments.
• Net sales rose 5% (11% excluding exchange rate effects and divestments) to SEK 85,408m (81,337)
• Operating profit excluding items affecting comparability rose 12% (17% excluding exchange rate effects and divestments) to SEK 8,646m (7,738)
• Items affecting comparability amounted to SEK -2,634m (-5,439)
• Earnings per share were SEK 7.06 (0.78)
• Cash flow from current operations was SEK 7,271m (5,306)
• The Board of Directors proposes an increase in the dividend by 7,1%, to SEK 4.50 per share (4.20)

CEO’S COMMENTS
SCA completed two major company deals in 2012 – the acquisition of Georgia-Pacific's European tissue operations and the divestment of our packaging operations, excluding the two kraftliner mills in Sweden. The Georgia-Pacific acquisition boosts our competitive strength in the European tissue market and complements our market positions. The acquisition will lead to
annual cost synergies of EUR 125m, with full effect from 2016. The sale of SCA's packaging business reduces our cyclical exposure and gives us greater financial opportunities to grow our hygiene business. In 2012 SCA acquired Everbeauty, a leading Asian personal care company, which strengthens our position in Asia – especially in China.
In Forest Products, in 2012 SCA divested its 50% shareholding in Aylesford Newsprint in the UK. During the year, SCA also signed an agreement to sell the Austrian publication paper mill in Laakirchen. We are thereby focusing on our Swedish operations, which are well integrated with the nearby forest holdings.
In our hygiene operations, during the year we established a new organization and launched an extensive cost-cutting program that will lead to annual cost savings of EUR 300m, with full effect from 2015. We also introduced an efficiency program in our Forest Products operations, which will lead to annual savings of SEK 1,300m, with full effect from 2015.
Consolidated net sales for 2012, excluding exchange rate effects and divestments, rose 11% compared with the same period a year ago. Operating profit excluding exchange rate effects, divestments and items affecting comparability rose 17%. The corresponding profit for Personal Care and Tissue rose 28% and 50%, respectively, while profit for Forest Products fell by 46%. The Group's operating cash flow improved by slightly more than SEK 2bn, to SEK 9,644m.
(SCA Svenska Cellulosa Aktiebolaget)

 

GEORGIA-PACIFIC COMPLETES SALE OF BUSINESS IN ITALY   (Company news)

Georgia-Pacific has announced that it has completed the sale of the legal entity in Italy to Cartiera Lucchese (Lucart Group). A definitive agreement for the sale was announced last November and this closing concludes the sale process.
The sale includes the mills located at Castelnuovo and Avigliano, the Italian brands Tutto and Tenderly, related assets and administrative support functions and offices. The agreement also includes a 12-month license for the distribution of differentiated Lotus Professional products owned by Georgia-Pacific EMEA Away-from-Home as well as an exclusive distribution agreement for Georgia-Pacific’s Demak’Up products in Italy for one year.
(Georgia-Pacific Corp.)

 

Georgia-Pacific Increases Forest Protection and Expands Sustainable Forestry Practices  (Company news)

Georgia-Pacific LLC announced it is expanding its forest protection and sustainability efforts with an updated policy to better identify and protect endangered forests in the United States; promote conservation of forest diversity; and enhance its sustainable forestry and recycling practices.
“This policy continues our commitment to sustainability in the fiber we source and the products we make,” said Jim Hannan, Georgia-Pacific chief executive officer and president. “We continue to believe it is possible to operate in a way that is environmentally responsible and also economically sound. This policy also gives us the opportunity to address issues of increasing interest to our customers and to consumers.”
The policy update is the result of ongoing discussions with customers and suppliers, and several years of consultation with a number of environmental organizations, including the Rainforest Action Network, the Natural Resources Defense Council and the Dogwood Alliance. In addition, the group worked with Liz Kramer, Ph.D., from the University of Georgia, to develop the scientific methodology that is a focus of the updated policy.
- Key provisions of Georgia-Pacific’s policy include:
working collaboratively to help define and map endangered forests and special areas where the company will not source fiber;
encouraging the conservation of natural hardwood forests through measures to evaluate the existing level of natural hardwood forests and not promoting future conversion of such forests to pine plantations;
continue to not source fiber from the Tongass National Forest in Alaska, until roadless areas identified in the 2001 Roadless Area Conservation Rule are permanently protected;
continue requiring loggers to use both mandatory and voluntary state forestry best management practices;
continue certification of our wood and fiber procurement practices; and
increasing the internal rate of post-consumer recycled fiber within the company’s total recycled fiber supply system to 50 percent.
“This expanded policy on forest protection and sustainable practices outlines our new commitments, but also reaffirms the sustainable forestry activities and processes we already have in place,” said Deborah Baker, vice president of sustainable forestry, environmental and community outreach. “Working with the environmental groups helped us make sure that we had outside input, which we believe helped us formulate a better policy statement.” (Georgia-Pacific Corp.)

 

Georgia-Pacific announces locations for $500 million investments in advanced papermaking...  (Company news)

...Technology

Georgia-Pacific announced that its mills in Port Hudson, La., and Crossett, Ark., have been selected as the locations for the company’s previously announced more than $500 million investments in advanced, proprietary tissue-papermaking technology.
With the investments, each site will use the advanced technology to upgrade one of its existing paper machines and will install associated converting equipment. Engineering and related work is beginning immediately. Start up of the upgraded and new equipment is scheduled for 2012. Both projects will modernize the mills, improving their long-term competitiveness and helping to preserve existing jobs. These locations currently have approximately 2,300 employees. The projects also will create significant construction-related jobs during the work.
Together, these investments will enable Georgia-Pacific to produce an innovative, next generation of premium branded and top-tier customer branded bath tissue to meet the growing demands of consumers and customers.
“We are pleased to announce these major investments for our manufacturing locations in Arkansasand Louisiana,” said Kathy Walters, executive vice president - Georgia-Pacific Global Consumer Products. “This reflects our company’s strong commitment to our consumer products business, to the global competitiveness of skilled Georgia-Pacific employees, to the support of the communities where we operate and to the states that support the value we create.”
Arkansas Governor Mike Beebe added, “This tremendous investment in Crossett reflects Georgia-Pacific’s faith in the Arkansasworkforce and the business support in our state. Along with securing long-term viability for this facility and the quality jobs it provides, this project will create as many as 400 construction jobs during the expansion.”
“This is a great win for East Baton Rouge Parish, our forest products industry and our entire state,” said Louisiana Governor Bobby Jindal. “For the last two years, we have secured more significant business development projects per capita than any other Southern state. This project is yet another great example of the value of making business retention and expansion our top economic development priority. Georgia-Pacific has long been one of the largest, most important employers in the Capital Region -- this $300 million modernization project will ensure that Georgia-Pacific continues to be a major contributor to our economy for years to come.”
Jim Hannan, Georgia-Pacific chief executive officer and president, said, “These projects are a portion of the approximately $12 billion Georgia-Pacific and other Koch companies have invested in our businesses during the last five years - even during difficult economic conditions. Koch companies have historically invested 90 percent or more of their earnings back into their businesses so that they can continue to grow, meet customer needs and create value for society.”
This proprietary technology meets consumers’ demanding needs for premium qualities in tissue products - including softness and absorbency - while reducing combinations of fiber use, energy use or water use versus alternative papermaking processes. (Georgia-Pacific Corp.)

 

Georgia-Pacific Announces Significant Investments In Advanced Papermaking Technology  (Company news)

Georgia-Pacific announced that it intends to make significant investments, which could total more than $500 million, in an advanced, proprietary tissue-papermaking technology. The company expects this and subsequent investments to further strengthen its commitment to being the leader in tissue, towel and tabletop products.
The company said it has approved funding for final engineering for two paper machines incorporating the technology. These two paper machines and associated converting equipment will manufacture premium tissue products for the consumer market. Pending final site selection, start-up is expected for 2012.
“We have seen growth in the premium segments of the bath tissue category, largely driven by the award-winning, successful introduction of our three-ply Quilted Northern Ultra Plush® product in 2008,” said Kathy Walters, executive vice president of Georgia-Pacific’s global consumer products business. “This new investment further reflects our commitment to being an innovation leader to drive further growth in this important segment.
“The advanced technology meets consumers’ demanding needs for premium qualities in tissue products - including softness and absorbency - while reducing combinations of fiber use, energy use or water use versus alternative papermaking processes,” said Walters.
Added Jim Hannan, chief executive officer and president, “This significant investment should be a clear indication to our customers of Georgia-Pacific’s focus on growing our global consumer products business. It also demonstrates our commitment to the global competitiveness of our skilled employees, to our asset base and to the communities where we operate.” (Georgia-Pacific Corp.)