DEERFIELD, Ill., Aug. 23 /PRNewswire/ -- Fort James Corporation today
announced plans to build a 60,000-ton-per-year tissue machine in western
Europe, with start-up planned in the year 2001.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990204/CGTH023 )
Installation will be at one of three existing locations, with the final
site determination based on the outcome of pending local government and union
negotiations.
The new machine will allow Fort James to continue serving the highest
quality market segments in Europe.
The company's Board of Directors approved construction of the new machine
at a recent meeting. The project will be financed largely through existing
capital budgets.
This new machine, in part, replaces assets due to be idled in recently
announced plant shutdowns. It is a further step in replacing older capacity
with more modern equipment and in consolidating the plant infrastructure in
Europe.
Fort James Corporation is a leading international consumer products
company, serving consumers both at home and away from home with bathroom and
facial tissue, paper towels, napkins, cups and plates. The company's popular
brands include Quilted Northern, Soft 'N Gentle, Brawny, Mardi Gras, So-Dri,
Vanity Fair and Dixie in North America and Lotus, Okay, Embo, Colhogar,
Tenderly, Kittensoft, Delica and Demak'Up in Europe. In 1998 the company had
sales of $7.3 billion, approximately 28,000 employees and manufacturing
facilities in the U.S., Canada and 11 other countries around the world.
Copies of today's news release, along with additional information on
Fort James, are available at no charge by calling 888-526-3711. You may also
access the company's web site at Internet address http://www.fortjames.com .
SOURCE Fort James Corporation
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Related links:
http://www.fortjames.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990204/CGTH023
or PR Newswire Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Financial, Celeste Gunter, 804-662-8307 or
Media, Mark Lindley, 847-317-5280 both of the Fort James
Corporation
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