KapStone Paper and Packaging Corporation recently reported results for the third quarter ended September 30, 2010.
Roger W. Stone, Chairman and Chief Executive Officer, stated, "KapStone's record production in the third quarter of 2010 coupled with favorable industry dynamics enabled us to also achieve record sales of $207 million. Our mills produced 329,000 tons of paper, ran at 100 percent of capacity, and significantly improved operating margins. Wood costs continued to decline from earlier in 2010 when unusually wet weather in the Southeast created supply shortages and higher costs. Although the August domestic linerboard price increase was unsuccessful, a $40 per ton price increase for kraft paper announced in August 2010 should be fully realized in this year's fourth quarter along with improved export pricing. KapStone's order backlog remains strong."
