Wausau Paper Sales Down 13% in First Quarter - Modern Distribution Management

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Wausau Paper Sales Down 13% in First Quarter

The company reported a loss for the quarter, reflecting the startup impact of its Tissue expansion project.

Wausau Paper (NYSE: WPP), Mosinee, WI, reported sales for first quarter of $188 million, a 13 percent decrease compared to the same period a year earlier. The company reported a loss for the first quarter of $1.7 million, compared to a profit of $4.8 million in 2012’s first quarter.

Results reflect the impact of the startup of the $220 million Tissue expansion project in Harrodsburg, KY, and the scheduled February outage to install and commission ATMOS technology on the new machine.

Wausau announced the strategic intent to focus on its Tissue business and explore alternatives for its technical specialty paper business in February, and it agreed to divest the business in March.

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