Memphis, Tennessee, USA, 08 December 2008 -- (BUSINESS WIRE) -- Buckeye Technologies Inc. (NYSE:BKI) today announced that, due to softening demand and a planned recovery boiler maintenance outage, the company's specialty wood pulp facility in Perry, Florida, will take production downtime expected to total approximately 9000 tons during December, which is equivalent to seven production days.
John Crowe, chairman and CEO, said, "Operating our facility during a planned boiler outage increases production costs and reduces our flexibility to produce certain products. In today's global economic environment we are focused at all of our operations on meeting our customer needs by matching production to orders, minimizing costs and controlling working capital." He added, "With this added downtime, we would expect our earnings to be below the previously provided range of 12 to 15 cents per share for the October-December quarter."
Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.