Packaging Corporation of America – DeRidder, LA Mill Incident
At approximately
Our primary concern is for the safety and well-being of the people working on our site. The top priorities at this time are the notification of families of the deceased contractors and investigation of the incident with authorities.
At the time of the incident, the D1 machine was down for its annual outage and the D3 machine was running and continues to operate. The current assessment indicates that the annual outage work is expected to be delayed by up to one week and the mill will then resume full operation. Further information will be provided, as appropriate, when it becomes available.
Cautionary Note on Forward-Looking Statements
Some of the statements in this press release are forward-looking
statements. These forward looking statements include statements about
the potential effect of the explosion described in this release and our
assessment regarding mill operations. Statements that contain words such
as “will”, “should”, “anticipate”, “believe”, “expect”, “intend”,
“estimate”, “hope” or similar expressions, are forward-looking
statements. These forward-looking statements are based on the current
expectations of PCA. Because forward-looking statements involve inherent
risks and uncertainties, the plans, actions and actual results of PCA
could differ materially. Among the factors that could cause plans,
actions and results to differ materially from PCA’s current expectations
include the following: difficulties in completing the annual outage or
repairs at the mill; our investigation of the incident; regulatory
actions or requirements; the impact of general economic conditions;
containerboard and corrugated products general industry conditions,
including competition, product demand and product pricing; fluctuations
in wood fiber and recycled fiber costs; fluctuations in purchased energy
costs, as well as those identified under Item 1A. Risk Factors in PCA’s
Annual Report on Form 10-K for the year ended
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Source:
Packaging Corporation of America
Barbara Sessions
INVESTOR
RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com