2005 News Releases

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11/30/05Buckeye Announces Management Changes
MEMPHIS, Tenn.--(BUSINESS WIRE)--Nov. 30, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced the following management changes: Mr. F. Gray Carter will become Vice President, Purchasing and Logistics. Mr. Carter, who previously served as the Company's Vice President, Commercial Development-Cotton, will lead the Company's Purchasing and Logistics organization. Mr. Carter graduated from North Carolina State University with degrees in Chemical Engineering and Pulp & Paper Sci... 
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10/24/05Buckeye Announces First Quarter Results
MEMPHIS, Tenn.--(BUSINESS WIRE)--Oct. 24, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it incurred a net loss of $0.3 million after tax in the quarter ended September 30, 2005. The Company's results include $1.3 million after tax in early extinguishment of debt costs and restructuring expenses associated with the previously announced plan to close the Glueckstadt, Germany cotton linter pulp plant at the end of calendar year 2005. During the same quarter of the p... 
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09/30/05Conference Call for Buckeye Technologies Inc.
MEMPHIS, Tenn., Sep 30, 2005 (BUSINESS WIRE) -- Buckeye Technologies Inc. (NYSE:BKI): CONFERENCE CALL for BUCKEYE TECHNOLOGIES INC. First Quarter Results We have scheduled a conference call for Tuesday, October 25, 2005 10:00 a.m. Central Management participating on the call will include ... 
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09/21/05Buckeye Announces Product Surcharges
MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 21, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it is implementing product surcharges of up to 5% effective October 1, 2005. The need for the surcharges has been brought about by unprecedented energy related cost increases which have been exacerbated by the impact of Hurricane Katrina. The surcharges will apply to sales during the October-December quarter and will be reevaluated on a quarterly basis. Buckeye Chairman, Davi... 
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09/12/05Buckeye Announces July-September Earnings Expectations
MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 12, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it expects already high costs, exacerbated by the impact of Hurricane Katrina, will reduce the Company's earnings for the quarter ending September 30, 2005 to about 5 to 7 cents per share, excluding restructuring and early debt extinguishment costs. While none of the Company's operations suffered serious damage from Hurricane Katrina, the disruptions caused by the storm and the impac... 
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09/09/05Buckeye CEO to Participate in UBS Global Paper & Forest Products Conference
MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 9, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that David B. Ferraro, Chairman and Chief Executive Officer, will participate in the UBS Global Paper & Forest Products Conference in New York City on Wednesday, September 14, 2005, at approximately 12:30 p.m. (EDT). A live audio webcast of Mr. Ferraro's remarks and a copy of presentation materials will be accessible at www.ibb.ubs.com and www.bkitech.com respectively. A replay of th... 
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08/24/05Buckeye Announces $15 Million Redemption of Notes
MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 24, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it intends to call for redemption $15 million in aggregate principal amount of its outstanding 9 1/4% Senior Subordinated Notes due 2008 (the "2008 Notes"), or about 19% of the outstanding 2008 Notes, on or about September 26, 2005 in accordance with their terms. A formal notice of redemption will be sent separately to the affected holders of the 2008 Notes in accordance with the term... 
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08/02/05Buckeye Announces New Board Member
MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 2, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that Mr. Lewis Holland has been elected to serve as a member of the Company's Board of Directors effective September 6, 2005. Mr. Holland will fill the vacancy created by the resignation of long-time Buckeye board member Samuel M. Mencoff. Mr. Holland is president of Henry Turley Company, a real estate company specializing in development of urban communities. Prior to joining Henry T... 
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08/02/05Buckeye Reports Fourth Quarter Results
MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 2, 2005--Buckeye Technologies Inc. (NYSE: BKI) today announced that it earned $8.7 million after tax ($0.23 per share) in the quarter ended June 30, 2005. The Company's results include a $5.5 million tax benefit ($0.15 per share) relating to the previously announced favorable tax ruling in connection with its investment in its discontinued facility at Cork, Ireland and $1.7 million after tax ($0.05 cents per share) in restructuring and impairment char... 
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07/15/05Conference Call for Buckeye Technologies Inc. Fourth Quarter Results
MEMPHIS, Tenn., Jul 15, 2005 (BUSINESS WIRE) -- Buckeye Technologies Inc. (NYSE:BKI): Conference Call for Buckeye Technologies Inc. Fourth Quarter Results We have scheduled a conference call for Wednesday, August 3, 2005 9:30 a.m. Central Management participating on the call will include David B. Ferraro,... 
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07/05/05Buckeye Receives Favorable $5.5 Million Tax Ruling; Schedules 2004-05 Year End Results Call
MEMPHIS, Tenn.--(BUSINESS WIRE)--July 5, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that the Internal Revenue Service has upheld a $5.5 million tax benefit which the Company claimed in 2002, relating to its investment in its discontinued facility at Cork, Ireland. The Company expects to reflect this reduction in its corporate tax expense, which is approximately 15 cents per share, in the quarter which ended June 30, 2005. This ruling has no cash implications but will enabl... 
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06/08/05Buckeye Announces Acceleration of Stock Option Vesting
MEMPHIS, Tenn.--(BUSINESS WIRE)--June 8, 2005--Buckeye Technologies Inc. (NYSE: BKI) today announced that it has accelerated the vesting of certain unvested "out-of-the-money" stock options previously awarded to directors, officers, and employees. The effective date of the acceleration is June 7, 2005. Outstanding unvested options that are "in-the-money" will not be subject to acceleration and will continue to vest on the Company's normal schedule. Options to purchase 898,150 share... 
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05/09/05Buckeye Technologies Inc. COO and CFO to Participate In UBS Leveraged Finance Conference 2005
MEMPHIS, Tenn.--(BUSINESS WIRE)--May 9, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that John B. Crowe, President and Chief Operating Officer and Kristopher J. Matula, Executive Vice President and Chief Financial Officer will participate in the UBS Leveraged Finance Conference 2005 to be held in Las Vegas on Wednesday, May 11, 2005, at approximately 6:15 p.m. (EDT). A live audio webcast of Mr. Crowe's and Mr. Matula's remarks and a copy of the presentation materials w... 
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04/19/05Buckeye Announces January-March Results
MEMPHIS, Tenn., Apr 19, 2005 (BUSINESS WIRE) -- Buckeye Technologies Inc. (NYSE:BKI) today announced that it earned $4.1 million after tax (11 cents per share) in the quarter ended March 31, 2005. The Company's results include $0.8 million after tax (2 cents per share) in restructuring costs associated with the previously announced plan to close the Glueckstadt, Germany cotton linter pulp plant at the end of 2005, early extinguishment of debt, and fees related to amending the Company's cr... 
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04/01/05Conference Call for Buckeye Technologies Inc.
MEMPHIS, Tenn., Apr 01, 2005 (BUSINESS WIRE) -- Buckeye Technologies Inc. (NYSE: BKI): CONFERENCE CALL for BUCKEYE TECHNOLOGIES INC. Third Quarter Results We have scheduled a conference call for Wednesday, April 20, 2005 9:30 a.m. Central Management participating on the call will include David B. Ferraro, Cha... 
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02/17/05Buckeye Announces Expiration of Consent Solicitation
MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 17, 2005--Buckeye Technologies Inc. (NYSE: BKI) announced that its solicitation of consents (the "Consent Solicitation") from holders of its outstanding $200 million aggregate principal amount of 8 1/2% Senior Notes due 2013 (the "2013 Notes") to amend the indenture for the 2013 Notes expired on February 16, 2005 without receipt of the requisite consents and will not be extended. Consequently, the indenture for the 2013 Notes has not been amended and ... 
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02/14/05Buckeye Announces Extension of Consent Solicitation and Increase in Consent Fee
MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 14, 2005--Buckeye Technologies Inc. (NYSE: BKI) today announced that it has extended until 5:00 pm, New York City time, on February 16, 2005, unless otherwise terminated or further extended, its solicitation of consents (the "Consent Solicitation") from holders of its outstanding $200 million aggregate principal amount of 8 1/2% Senior Notes due October 1, 2013 (the "2013 Notes") to amend the indenture for the 2013 Notes. Buckeye further announced tha... 
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02/10/05Buckeye Announces Extension of Consent Solicitation
MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 10, 2005--Buckeye Technologies Inc. (NYSE: BKI) today announced that it has extended until 5:00 pm on February 14, 2005, unless otherwise terminated or further extended, its solicitation of consents (the "Consent Solicitation") from holders of its outstanding $200 million aggregate principal amount of 8 1/2% Senior Notes due October 1, 2013 (the "2013 Notes") to amend the indenture for the 2013 Notes. The purpose of the Consent Solicitation is to amen... 
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02/08/05Buckeye Announces Officer Changes
MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 8, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced the promotion of Mr. Christian Chavassieu to Senior Vice President, Wood Cellulose, effective April 1, 2005. Mr. Chavassieu, who previously served as the Company's Vice President, Specialty Wood Cellulose Sales, will succeed Mr. R. Howard Cannon, who is leaving the Company to pursue other interests. Mr. Chavassieu is a graduate of the Institut Superieur de Gestion in Paris, France an... 
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02/04/05Buckeye Promotes Two Officers
MEMPHIS, Tenn.--(BUSINESS WIRE)--Feb. 4, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced the promotion of two officers. Jeffery T. Cook was elected Senior Vice President, Product and Market Development. Mr. Cook graduated from Vanderbilt University with a degree in Chemical Engineering in 1983. He began his career with Buckeye, which was then a division of Procter & Gamble, in 1984. Mr. Cook spent much of his early career working on consumer products with Procter & Gambl... 
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01/27/05Buckeye Announces Commencement of Consent Solicitation
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 27, 2005--Buckeye Technologies Inc. (NYSE: BKI) today announced that it has commenced a solicitation of consents (the "Consent Solicitation") from holders of its outstanding $200 million aggregate principal amount of 8 1/2% Senior Notes due October 1, 2013 (the "2013 Notes") to amend the indenture for the 2013 Notes. The purpose of the Consent Solicitation is to amend certain provisions of the indenture governing the 2013 Notes to permit Buckeye to re... 
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01/26/05Buckeye Reports October-December Results
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 26, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it earned $2.9 million after tax (8 cents per share) in the quarter ended December 31, 2004. The Company results include $7.4 million after tax in impairment costs relating to the previously announced closure of its facility in Glueckstadt, Germany and a $4.7 million after tax gain from the sale of its building and equipment in Cork, Ireland. During the same quarter of the prior... 
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01/20/05Revision - Time Change: Buckeye Technologies Inc. Second Quarter Results
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 20, 2005--Buckeye Technologies Inc. (NYSE:BKI): REVISION - TIME CHANGE CONFERENCE CALL for BUCKEYE TECHNOLOGIES INC. Second Quarter Results We have scheduled a conference call for Thursday, January 27, 2005 8:00 a.m. Central ... 
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01/11/05Conference Call for Buckeye Technologies Inc. - Closure of Glueckstadt, Germany Manufacturing Facility
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 11, 2005--Buckeye Technologies Inc. (NYSE:BKI): CONFERENCE CALL for BUCKEYE TECHNOLOGIES INC. Closure of Glueckstadt, Germany Manufacturing Facility We have scheduled a conference call for Wednesday, January 12, 2005 9:30 a.m. Central ... 
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01/11/05Buckeye Announces Closure of Glueckstadt, Germany Manufacturing Facility
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 11, 2005--Buckeye Technologies Inc. (NYSE:BKI) today announced that it will discontinue producing cotton linter pulp at its Glueckstadt, Germany facility in the fourth quarter of calendar year 2005. The Company will continue to meet the needs of its customers by sourcing products currently produced at Glueckstadt from its facilities in Memphis, Tennessee and Americana, Brazil. Buckeye Chairman David B. Ferraro stated, "Although cotton linter pu... 
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01/05/05Conference Call for Buckeye Technologies Inc.
MEMPHIS, Tenn.--(BUSINESS WIRE)--Jan. 5, 2005--Buckeye Technologies Inc. (NYSE:BKI): Second Quarter Results We have scheduled a conference call for Thursday, January 27, 2005 8:30 a.m. Central Management participating on the call will include David B. Ferraro, Chief Executive Officer John B. Crowe, President and Chief Operating Officer Kristopher J.... 
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