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Filipino tobacco paper assets purchased.


FILIPINO TOBACCO PAPER ASSETS PURCHASED. Schweitzer-Mauduit International Inc., Alpharetta, Georgia Alpharetta is a city in Fulton County, Georgia, United States. As of 2006 census estimates, the city had a total population of 43,424[1].

Selected for its location next to a spring, it began as a campground, and was originally known as
, USA announced it has finalized See finalization.  an agreement in which one of its subsidiaries will acquire the tobacco-related paper manufacturing assets of KCPI, Philippines Philippines
 officially Republic of the Philippines

Island country, western Pacific Ocean, on an archipelago off the southeast coast of Asia. Area: 122,121 sq mi (316,294 sq km). Population (2005 est.): 84,191,000.
. The assets to be acquired include land, buildings, production equipment and related utilities and support assets. The purchase price will be US$ 11.3 million. KCPI has engaged in the manufacturing of tobacco-related paper products for the Philippines cigarette industry since 1967 and currently has approximately ap·prox·i·mate  
adj.
1. Almost exact or correct: the approximate time of the accident.

2.
 a 60% market share of the Philippines cigarette paper market.
COPYRIGHT 2005 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:INDUSTRY NEWS
Publication:Solutions - for People, Processes and Paper
Date:Jan 1, 2005
Words:89
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