Buckeye Announces Plan to Upgrade Capability of Americana, Brazil Cotton Cellulose Plant.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--April 21, 2004 Buckeye Technologies Inc. (NYSE NYSE See: New York Stock Exchange :BKI BKI Babbar Khalsa International BKI Kota Kinabalu, Sabah, Malaysia - Kota Kinabalu (Airport Code) BKI Bible Knowledge Institute BKI Brasil Kaffe Import (Danish Coffee Importer) ) today announced that it intends to invest approximately $18 million at its Americana, Brazil cotton cellulose manufacturing facility to upgrade the operation to produce a variety of specialty market pulps. The investment will be made over the next 18 months to enable the plant to begin production of the more technically advanced products in the fall of 2005. Buckeye Chairman, David B. Ferraro, commented, "Our Americana cotton cellulose plant is an efficient, low cost facility that currently only toll manufactures products for use in staple rayon applications. This investment will enable Buckeye to offer attractively priced specialty products in a wide array of areas, including the ether, nitrate, casings, and paper markets." Mr. Ferraro further stated, "Our Brazilian plant not only has low manufacturing costs, but also benefits from the country's large and expanding source of cotton linters, the principal raw material used in cotton cellulose manufacturing. This combination provides the basis for Buckeye to improve its product mix and strengthen its specialty fibers business. We are confident that the modernized Americana plant will be a strong contributor to the Company's future profitability." Buckeye, a leading manufacturer and marketer of specialty cellulose and absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. products, is headquartered in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. , USA. The Company currently operates facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Germany, Canada, Ireland and Brazil. Its products are sold worldwide to makers of consumer and industrial goods industrial goods npl → bienes mpl de producción . Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, financing, markets, products, services and prices, and other factors. For further information on factors which could impact the Company and the statements contained herein, please refer to public filings with the Securities and Exchange Commission. |
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