Packaging Corporation of America Announces Plans for DeRidder, Louisiana Containerboard Mill
PCA estimated that the capital cost of converting D2 would have been
approximately
The shutdown of the newsprint-related assets will result in non-cash
charges totaling about
PCA is the fourth largest producer of containerboard and corrugated
packaging products in
Some of the statements in this press release are forward-looking
statements. Forward-looking statements include statements about our
future earnings and financial condition, our industry and our business
strategy. Statements that contain words such as “ will”, “should”,
“anticipate”, “believe”, “expect”, “intend”, “estimate”, “hope” or
similar expressions, are forward-looking statements. These
forward-looking statements are based on the current expectations of PCA.
Because forward-looking statements involve inherent risks and
uncertainties, the plans, actions and actual results of PCA could differ
materially. Among the factors that could cause plans, actions and
results to differ materially from PCA’s current expectations include the
following: delays, difficulties or higher than expected costs in
completing the conversion project or achieving the expected benefits of
the project; the impact of general economic conditions; conditions in
the paper and packaging industries, including competition, product
demand and product pricing; fluctuations in wood fiber and recycled
fiber costs; fluctuations in purchased energy costs; the possibility of
unplanned outages or interruptions at our principal facilities; and
legislative or regulatory requirements, particularly concerning
environmental matters, as well as those identified under Item 1A. Risk
Factors in PCA’s Annual Report on Form 10-K for the year ended
Source:
Packaging Corporation of America
Barbara Sessions
INVESTOR
RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com