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GEORGIA-PACIFIC TO PRICE PLYWOOD AT PRE-STORM LEVELS IN HURRICANE- DAMAGED AREAS; ANNOUNCES CASH AND PRODUCT DONATIONS

 GEORGIA-PACIFIC TO PRICE PLYWOOD AT PRE-STORM LEVELS IN HURRICANE-
 DAMAGED AREAS; ANNOUNCES CASH AND PRODUCT DONATIONS
 ATLANTA, Sept. 4 /PRNewswire/ -- Georgia-Pacific Corp. (NYSE: GP) today announced that in assessing the current situation to determine what additional actions were needed to provide support to the hurricane- damaged areas, the company determined that effective immediately and through the end of September, its prices on all southern pine sheathing grade plywood will return to pre-storm market prices for the company's customers located in hurricane-damaged areas in southern Florida and southern Louisiana.
 Volumes will be limited to double the monthly average of a customer's purchases during May, June and July, and applicable only to those Georgia-Pacific customers located in the four-county area in southern Florida and the two-parish area in southern Louisiana most affected by the hurricane. Georgia-Pacific will ask its customers to assure the plywood will be used to repair hurricane damage.
 Georgia-Pacific also said it is donating $100,000 to the Florida Hurricane Relief Fund and $25,000 to the Louisiana Disaster Relief Account, which both are emergency relief funds organized by the governors of Florida and Louisiana. The company also made cash donations to the American Red Cross and the Salvation Army.
 In addition, the company is donating 20 tractor-trailer loads of plywood, lumber and roofing felt to the hurricane-damaged areas. Four tractor trailer loads of building materials already have been donated to Firefighters Relief, which is seeking to assist the 350 Dade County firefighters whose homes were damaged by Hurricane Andrew. Another tractor trailer load of plywood was donated to the U.S. Forest Service, which requested the materials to repair damage at three U.S. Parks in Dade County, Fla. Additional product donations will be allocated to organizations that are serving the emergency needs of lower income families and families with no insurance.
 "Our response has been a three-step process. First, we had an obligation to see to it that adequate volume of building products was shipped into the affected areas at competitive prices, as quickly as possible. Our second responsibility was to address the humanitarian needs, which we have done with donations of food, money, paper products and building materials. We now have assessed the situation and determined that to further help the people in the hurricane-damaged areas, rolling back prices to pre-storm levels is the right thing to do," said A.D. Correll, president and chief operating officer.
 -0- 9/4/92
 /CONTACT: Sheila Weidman of Georgia-Pacific, 404-521-4732/
 (GP) CO: Georgia-Pacific Corporation ST: Florida, Louisiana IN: PAP SU:


BN -- AT003 -- 6928 09/04/92 12:21 EDT
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Publication:PR Newswire
Date:Sep 4, 1992
Words:430
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