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Georgia Pacific: Companies
built 654 days ago
G[E]orgia Pacific Corporation owns more than 6 million acres of timber in the United States and Canada, and manufactures and distributes pulp, stationary, copy paper, envelopes, tissues, container board, and packaging materials. The company is the largest U.S. producer of wood panels, the country's second largest lumber company and the third largest maker of gypsum boards, used to cover interior walls in homes and office buildings.
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A Georgia Pacific spokesman, Jeremy Alexander, says Koch’s purchase of Georgia Pacific has resulted is the way the mill will run. He says the company is bringing more efficient technology and upgrades to the mill which means it will need fewer workers.
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Georgia-Pacific Corporation is a leading manufacturer and distributor of paper-based consumer products, pulp, office paper, packaging, and building products. Overall, it ranks as the world's second largest forest products company, trailing International Paper Company. The company holds the number one position worldwide in tissue products, producing paper towels, paper napkins, and bath and facial tissue under such brands as Quilted Northern, Angel Soft, Brawny, Sparkle, and Vanity Fair. Its Dixie business is the leading North American brand of disposable tableware, including plates, cups, and cutlery made of paper, plastic, and foam. Georgia-Pacific's bleached pulp and paper segment holds the number two position in North America in communications paper and the number three position in market pulp. The company's Unisource Worldwide, Inc. subsidiary is one of North America's largest distributors of printing and imaging paper, packaging systems, and related supplies.
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For the full year 2001, Georgia-Pacific reported income from continuing operations before unusual items of $101 million (44 cents diluted earnings per share) compared with 2000 income from continuing operations before unusual items of $512 million ($2.89 diluted earnings per share). Including unusual items, except the charge for asbestos liability, the company's full-year 2001 loss from continuing operations was $255 million ($1.12 diluted loss per share) versus income from continuing operations of $343 million ($1.94 diluted earnings per share) a year earlier.
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E.AUDITING PERFORMANCE AND PROGRAMS.Georgia-Pacific will audit, on a rotating basis, environmental performance and management systems at every manufacturing facility, forestry facility, forestry operation, and distribution center the company owns or operates. The company will use a combination of internal and third-party audits. The results of all audits will be used as feedback to corporate and facility management to maintain and improve environmental performance.
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In an interview with CNNfn, Georgia-Pacific CEO Correll said the deal would have little impact on the two companies' labor forces. The transaction ... is another step in the firm's restructuring plan, transforming it from a commodities-based business to a brands-based business. [WAV 343 KB] or [AIF 343 KB]
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