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Port Towsend Paper to Increase Containerboard Price

Dec. 5, 2006 - Port Townsend Paper Corp. yesterday said that it will increase the price for all orders of containerboard by $40 per ton, effective January 10, 2007.

The price hike reflects the continued pressure on chip supplies in the Pacific Northwest, the company said.

"This increase is necessary to offset the high fiber and energy costs the Industry is facing," said John Begley, Port Towsend Paper president and CEO. "Our fourth quarter performance has been negatively impacted by both the cost and availability of fiber," he continued. "Additionally, the unusually severe winter weather has affected production at our primary mill in Port Townsend and our delivery abilities in Western Canada."

The Port Townsend Paper family of companies employs approximately 800 people and annually produces more than 320 000 tonnes of unbleached kraft pulp, paper and linerboard at its mill in Port Townsend, Washington. The company also manufactures approximately 1.8 billion square feet of corrugated products annually at its three Crown Packaging Plants and two BoxMaster Plants located in British Columbia and Alberta.

SOURCE: Port Townsend Paper Corp.




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