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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Schweitzer Mauduit International Inc | NYSE:SWM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.41 | 0 | 01:00:00 |
(ALPHARETTA, GA) January 17, 2017 - Schweitzer-Mauduit International, Inc. (NYSE: SWM) announced today that it has purchased machinery to expand its capacity in filigreed cigarette papers for the Roll Your Own (RYO) and cigarette manufacturing sectors in its Saint Girons, France location. The machinery allows for distinctive markings to be embossed on papers, offering cigarette manufacturers innovative design options for their products. This additional manufacturing capacity, which is expected to be available in Q3 2017, will add to SWM's leading position in this important and growing segment of the industry. "We are enthusiastic about this investment, as it offers additional capacity to service our customers and demonstrates our continued commitment to this sector," commented Michel Fievez, Executive Vice President for SWM's Global Paper and RTL Business Unit. "Not only will we be able to serve our customers' growing demand, but we will do so with state-of-the-art equipment that will provide high quality and diverse offerings for our customers to differentiate their brands in the marketplace."
This investment will further add to SWM's capabilities and commitment as a full-line supplier to the tobacco industry, with special focus on the RYO category. In addition to filigreed papers, SWM's expertise includes the widest range of thin and ultra-thin papers on the market (10gsm to 28gsm) in a variety of styles to meet customers' unique requirements. Transparent or white, bleached or unbleached, wood or textile, perforated or gummed, or a combination of many, SWM's versatility and portfolio of options are designed to deliver satisfaction while meeting stringent specifications.
About SWM
SWM is a leading global provider of highly engineered solutions and advanced materials for a variety of industries. Historically, SWM primarily served the tobacco industry, which remains a key focus. SWM also manufactures specialty papers for other applications and is executing a strategic transformation to diversify its product portfolio. SWM's Advanced Materials & Structures segment, which focuses on resin-based rolled goods, includes DelStar Technologies, acquired in 2013, Argotec in late 2015, and other recent acquisitions. These acquisitions expanded the Company's product portfolio and end segments served to include filtration, surface protection, medical and industrials. SWM and its subsidiaries conduct business in over 90 countries and employ approximately 3,100 people worldwide, with operations in the United States, United Kingdom, Canada, France, Luxembourg, Russia, Brazil, Poland and China, including two joint ventures. For further information, please visit SWM's Web site at www.swmintl.com.
Contact Information
Jean-Louis Pfister
Product Manager, Booklet Papers
+33 (0)5 34 14 35 43
OR
Linde Miscio
Director, Enterprise Communications
+1-770-569-4328
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