Buckeye Enters into Agreement with Nippon Paper.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)--July 30, 2003 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 has entered into an exclusive agreement with Nippon Paper Chemicals Company, Ltd., Tokyo, Japan to market Nippon's specialty sulphite sulphite or US sulfite Noun Chem any salt or ester of sulphurous acid pulps in fifty countries throughout North and South America, Europe, Africa, the Middle East, and much of Asia. This business alliance with Nippon Paper Chemicals Co., Ltd. will enable Buckeye to offer its customers a broader range of specialty products. Buckeye will be the only company in the world marketing the full range of specialty pulps - kraft and sulphite wood pulps as well as cotton linter lint·er n. 1. The short fibers that cling to cottonseeds after the first ginning. Often used in the plural. 2. A machine that removes these short fibers from the seeds of cotton. pulp. Buckeye Chairman David B. Ferraro commented, "We are pleased to be expanding our relationship with Nippon Paper Chemicals Co., Ltd., a major Japanese supplier of pulp and chemicals. Nippon Paper Chemicals Co., Ltd. is noted for its high quality and diverse product line. The opportunity to market their products should enable us to make additional sales to our current customers and develop relationships with new customers." 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, USA. The Company currently operates facilities in the United States, Germany, Canada, Ireland and Brazil. Its products are sold worldwide to makers of consumer and industrial goods. Nippon Paper Chemicals Co., Ltd. is a new independent company inaugurated on October 1, 2002 as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Nippon Paper Industries Co., Ltd. Nippon Paper Industries Co., Ltd. is one of the world's largest integrated paper manufacturers. The company manufactures and markets pulp, newsprint, printing and publishing paper and functional film products. 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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