Profile: Clearwater Paper Corp (CLW.N)
26 Sep 2016
Clearwater Paper Corporation, incorporated on October 7, 2005, manufactures quality consumer tissue, away-from-home (AFH), tissue, parent roll tissue, bleached paperboard and pulp at manufacturing facilities across the nation. The Company is a supplier of private label tissue to retailers and wholesale distributors, including grocery, drug, mass merchants and discount stores. In addition, the Company produces bleached paperboard used by quality-conscious printers and packaging converters. The Company operates through two segments: Consumer Products and Pulp and Paperboard.
Consumer Products Segment
The Company's Consumer Products segment manufactures and sells a complete line of at-home tissue products in each tissue category, including bathroom tissue, paper towels, napkins and facial tissue. The Company also manufactures AFH and parent rolls for external sales. Its integrated manufacturing and converting operations and geographic footprint enables it to deliver a range of products with brand equivalent quality to its customers. The Company manufactures and sells a line of AFH products to customers with commercial and industrial tissue needs. Products include conventional one- and two-ply bath tissue, two-ply paper towels, hard wound towels and dispenser napkins. In bathroom tissue, it sells two-ply ultra and premium products, including through-air-dried (TAD) tissue products. In paper towels, it produces and sells ultra-quality TAD towels, as well as premium and value towels. In the facial category, it sells ultra-lotion three-ply and a complete line of two-ply premium products, as well as value facial tissue. In napkins, it manufactures ultra two- and three-ply dinner napkins, as well as premium and value one-ply luncheon napkins. It also offers recycled fiber value grade products. The Company has production facilities, including TAD, tissue manufacturing facilities in Shelby, North Carolina and Las Vegas, Nevada, and tissue manufacturing facilities in Ladysmith, Wisconsin, Lewiston, Idaho and Neenah, Wisconsin, as well as converting operations located across the United States.
Pulp and Paperboard Segment
The Company's Pulp and Paperboard segment manufactures and markets bleached paperboard for the high-end segment of the packaging industry, and is a producer of solid bleach sulfate paperboard. This segment also produces hardwood and softwood pulp, which is primarily used as the basis for its paperboard products, and slush pulp, which it supplies to its Consumer Products segment. Its Pulp and Paperboard segment operates facilities in Idaho, which has over two paperboard machines, and Arkansas, which has approximately one paperboard machine. Its overall pulp and paperboard production consists primarily of folding carton, liquid packaging, cup, plate, commercial printing grades and hardwood and softwood pulp. The Company also sells cup stock and plate stock grades for use in food service products. At its Idaho facility it produces bleached softwood pulp primarily for internal use, including in its Consumer Products segment. The Company's pulp mills produce approximately 856,000 tons of pulp on an annual basis. It produces approximately 802,000 tons of pulp in the aggregate and utilizes approximately 80% of that production, or over 650,000 tons, to produce approximately 773,000 tons of paperboard. It also uses approximately 20% of its pulp production, or approximately 150,000 tons, in its Consumer Products segment to produce tissue products.
The Company competes with Procter & Gamble, Georgia-Pacific, Kimberly-Clark, International Paper, WestRock and Georgia-Pacific.
Clearwater Paper Corp
601 W Riverside Ave Ste 1100
SPOKANE WA 99201-0644