ALPHARETTA, Ga., July 19 /CNW/ -- Neenah Paper (NYSE: NP) announced that it has expanded its fine and technical paper product lines to include new UV/ULTRA(R) Web+Plus(TM) colored and transparent translucent papers in its fine paper business and new KIMDURA(R) synthetic papers for labels and tags. The new translucent Web+Plus(TM) papers will be manufactured for Neenah Paper by Sihl Paper, a well-known global manufacturer of specialty papers based in Switzerland, and will provide Neenah Paper customers a broader range of printing applications for these types of papers. The new lines of MDURA(R) technical papers will expand Neenah Paper's portfolio of synthetic papers and were the result of a joint development project utilizing technical expertise of both Neenah Paper and a third party multinational. "These new products are examples of how we expect to grow our business by working with others. In these cases, we were able to add high quality products that complement our existing portfolio and can benefit from our market expertise, but which did not easily fit our manufacturing capabilities. We will continue to pursue opportunities like these that support our growth plans and can provide reasonable returns with a limited investment in assets," said Sean Erwin, Chief Executive Officer of Neenah Paper. About Neenah Paper, Inc. Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as CLASSIC(R), ENVIRONMENT(R), UV/ULTRA(R), KIMDURA(R) and MUNISING LP(R). The company also produces and sells bleached pulp, primarily for use in the manufacture of tissue and writing papers. Neenah Paper is based in Alpharetta, Georgia, and has manufacturing operations in Wisconsin, Michigan and in the Canadian provinces of Ontario and Nova Scotia. Additional information about Neenah Paper can be found at the company's web site at http://www.neenah.com. Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), or in releases made by the Securities and Exchange Commission, all as may be amended from time to time. Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of the PSLRA. Any such forward-looking statements reflect our beliefs and assumptions and are based on information currently available to us and are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, our ability to successfully market the new products within our existing fine and technical paper product portfolios. Forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These cautionary statements are being made pursuant to the Securities Act, the Exchange Act and the PSLRA with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. Neenah Paper cautions investors that any forward-looking statements we make are not guarantees or indicative of future performance.
Translate


















