Clearwater Paper to Invest $23 Million in Shelby, N.C. New State-of-the-Art Facial Tissue Line
June 20 2024 - 5:05PM
Business Wire
Clearwater Paper Corporation (NYSE: CLW), a leading supplier of
private-branded tissue, announced today it will invest $23 million
in a new, state-of-the-art facial tissue converting line at its
Shelby, North Carolina consumer products facility. Clearwater
Paper's Shelby Mill manufactures high-quality private branded
bathroom tissue, paper towels, napkins, and facial tissue. The
400-acre facility employs more than 600 people.
"Clearwater Paper selected Shelby for its newest facial tissue
line due to its proximity to our customers, a growing local skilled
workforce, and a history of excellent working relationships with
the City of Shelby, Cleveland County and the State of North
Carolina," said Clearwater Paper's senior vice president of
consumer products, Michael Urlick. "Our investment in a new facial
line will enable us to meet growing customer demand, further
optimize our network and continue to deliver outstanding quality
and service to our customers."
ABOUT CLEARWATER PAPER
Clearwater Paper is a premier supplier of private brand tissue
to major retailers, including grocery, club, mass merchants, and
discount stores. In addition, the company produces paperboard used
by quality-conscious printers and packaging converters, and offers
services that include custom sheeting, slitting, and cutting.
Clearwater Paper's employees build shareholder value by developing
strong relationships through quality and service. For more
information on Clearwater Paper, please visit our website at
www.clearwaterpaper.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended, including statements regarding the impact of
new equipment on operations at the company’s Shelby facility,
customer demand and overall network; customer demand; and
investments by the company in its facilities and employees. These
forward-looking statements are based on current expectations that
are subject to change, and actual results may differ materially
from the forward-looking statements. Factors that could cause
actual results to differ materially include those risks and
uncertainties described in the company’s Annual Report on Form 10-K
for the year ended December 31, 2023, and other risks and
uncertainties described from time to time in the company’s other
public filings with the Securities and Exchange Commission. The
forward-looking statements are made as of the date of this press
release and the company does not undertake to update any
forward-looking statements based on new developments or changes in
the company’s expectations after the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240620315450/en/
Investor contact: Sloan Bohlen Solebury Strategic
Communications 509.344.5906 investorinfo@clearwaterpaper.com
Media contact: Julia Joy Clearwater Paper Corporation
509.344.5953 julia.joy@clearwaterpaper.com
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