Date: February 11, 2008
Source: Smurfit-Stone Container Corporation
Smurfit-Stone's Recycling Division Collected Company-Record 7 Million Tons of Material in 2007
Smurfit-Stone Container Corporation's recycling division achieved a company record in volume in 2007, collecting more than 7 million tons of recyclable materials.
For years one of the industry's largest paper recyclers, Smurfit-Stone continues to grow in the areas of glass, aluminum, plastic, steel and scrap metal recycling. The company also provides a total waste management system to its customers that is unmatched in the industry.
"We are pursuing an aggressive growth strategy, with investments in technologically advanced sorting systems and plastics collection, and we expect to see continued performance improvement in 2008," said Michael R. Oswald, Smurfit-Stone senior vice president, recycling. "Our export business is solid, and we continue to grow domestically."
"By continuing to find new ways to collect fiber and other materials from our sourcing customers, our recycling operations are becoming more and more valuable to customers who require sustainable packaging and waste management solutions."
Smurfit-Stone's recycling operations also provide a secure source of fiber for its mill system. The company's combination of 24 recycling plants and 16 paper mills represent the largest integrated system in the industry.
Smurfit-Stone Container Corporation (Nasdaq: SSCC) is the industry's leading integrated containerboard and corrugated packaging producer and is one of the world's largest paper recyclers. The company is a member of the World Business Council for Sustainable Development, the Sustainable Forestry Initiative(R), and the Chicago Climate Exchange. Smurfit-Stone generated revenue of $7.4 billion in 2007, has led the industry in safety every year since 2001, and conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.
For more information, visit: www.smurfit-stone.com.