Georgia-Pacific Board Declares Regular Quarterly Dividend and Approves Capital to Expand Gypsum Facility
07 11월 2005 - 9:52PM
PR Newswire (US)
ATLANTA, Nov. 7 /PRNewswire-FirstCall/ -- Georgia-Pacific Corp.'s
(NYSE:GP) board of directors approved a regular quarterly dividend
of 17.5 cents per share. The dividend is payable Nov. 28, 2005, to
shareholders of record Nov. 18, 2005. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO) The board
also approved capital funding of more than $100 million for the
expansion of the Savannah, Ga., gypsum facility. This expansion,
along with other modernization programs across the company's gypsum
division, will support the growing, proprietary Dens(R) product
lines as well as its overall ToughRock(R) gypsum business. The
project will include improvements to the gypsum rock handling
system, a new mill and related systems, and a new wallboard
manufacturing line. Capacity of the new wallboard line is
approximately 650 million square feet of 1/2 inch wallboard, which
will be used to help meet growing demand in the region in both the
retail and commercial markets. The project, which will more than
double production at the facility, is expected to be completed in
early 2007. Headquartered at Atlanta, Georgia-Pacific is one of the
world's leading manufacturers and marketers of tissue, packaging,
paper, building products and related chemicals. With 2004 annual
sales of approximately $20 billion, the company employs 55,000
people at more than 300 locations in North America and Europe. Its
familiar consumer tissue brands include Quilted Northern(R), Angel
Soft(R), Brawny(R), Sparkle(R), Soft 'n Gentle(R), Mardi Gras(R),
So-Dri(R) and Vanity Fair(R), as well as the Dixie(R) brand of
disposable cups, plates and cutlery. Georgia-Pacific's building
products manufacturing business has long been among the nation's
leading supplier of building products to lumber and building
materials dealers and large do-it-yourself warehouse retailers. For
more information, visit http://www.gp.com/.
http://www.newscom.com/cgi-bin/prnh/20030425/PAPLOGO
http://photoarchive.ap.org/ DATASOURCE: Georgia-Pacific Corp.
CONTACT: Media: Robin Keegan, +1-404-652-4713, or Investors:
+1-404-652- 5555, both of Georgia-Pacific Corporation Web site:
http://www.gp.com/
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