Buckeye Technologies Inc. (NYSE:BKI) today announced the release of its 2010 Sustainability Report. This is an update to our inaugural report released last year highlighting our continuing focus on environmental and energy performance. The 2010 report details our continuing efforts on reducing fossil fuels, water, solid waste, and air emissions. Buckeye has reduced its carbon emissions by 20% per ton of production since 2005, while generating 82% of its total energy needs from renewable biomass. In addition, this year we achieved significant accomplishments in the broad arena of stewardship, including product, forest, environmental and community. The report also shares information about Buckeye’s social impacts, including safety, diversity, and contributions to communities where it operates.
John Crowe, Chairman and CEO, emphasized that “Buckeye developed and is implementing a sustainability strategy that embraces the change necessary both to protect the environment and resources for future generations and to leverage long-term business and shareholder value.”
For more information about Buckeye Technologies and its sustainability efforts, and for a downloadable copy of the 2010 Sustainability Report, please visit our website at www.bkitech.com.
Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The Company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting the Company’s operations, financing, markets, products, services and prices, and other factors. For further information on factors which could impact the Company and the statements contained herein, please refer to public filings with the Securities and Exchange Commission.
Steve Dean, 901-320-8352
Sr. Vice President and Chief Financial Officer
Daryn Abercrombie, 901-320-8908