Boise, Idaho, USA 13 February 2013 -- Boise Inc. (NYSE: BZ) announced today key investments in the converting operations of its Packaging business. The largest capital improvement is the installation of a new 110” corrugator at the company’s Central Texas Corrugated (CTC) sheet feeder facility in Waco, Texas, which is expected to start up in third quarter 2013.
“We’re excited about this new corrugator and several other investment projects, which are aimed at reducing operating costs, improving quality, and increasing production capabilities,” said Dave Kunz, vice president of Packaging. “Once installed, the new CTC corrugator will replace two existing corrugators, which will improve our operating efficiency and lower our costs. We expect the new corrugator will add 180,000 msf of low-cost production capacity, while simultaneously allowing us to reduce operating costs.”
The company has also completed a recent rebuild of its corrugator at its converting facility in Salt Lake City, Utah. This rebuild has substantially increased the speed and throughput of the machine, reduced waste, and improved product quality. Additionally, the company has installed a new high-speed flexo machine at its converting facility in Wallula, Washington. This new machine replaces two older converting machines and improves our efficiency through reduced set up time, along with lower operating costs.
“These investments are an important part of our plan to grow our Packaging business. We plan to continue making these types of investments in our Packaging system to meet changing customer needs, grow with our customers, and ensure that our facilities are safe, efficient, and cost competitive,” said Alexander Toeldte, president and chief executive officer of Boise Inc.
About Boise Inc.
Headquartered in Boise, Idaho, Boise Inc. (NYSE: BZ) manufactures a wide variety of packaging and paper products. Boise’s range of packaging products includes linerboard and corrugating medium, corrugated containers and sheets, and protective packaging products. Boise’s paper products include imaging papers for the office and home, printing and converting papers, and papers used in packaging, such as label and release papers. Our employees are committed to delivering excellent value while managing our businesses to sustain environmental resources for future generations. Visit our website at www.BoiseInc.com.
This news release contains statements that are “forward looking,” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements. Statements regarding the capital projects in our Packaging business and the benefits we expect to derive from those project are forward looking. These capital projects involve risks, uncertainties, and estimates that are difficult to predict. Economic and competitive influences, availability of equipment and suppliers, the performance of the equipment once installed, and other factors could cause the outcome of the projects, the costs, and the timing to differ materially from what we have predicted in this release. For more information about the factors that may affect Boise’s performance, please refer to our filings with the Securities and Exchange Commission. We undertake no obligation to update the forward-looking statements in this release whether as a result of new information, future events, or otherwise.