St. Marys Paper appoints new marketing agent

NEWS RELEASE

ST. MARYS PAPER

************************ St. Marys Paper Corporation appoints International Forest Products Corporation as agent for restarted mill

SAULT STE MARIE - St. Marys Paper Corp. (SMPC) has appointed International Forest Products Corporation (IFP) as the exclusive sales agent for the Sault St. Marie mill in Ontario.

St. Marys restarted the number 5 machine on December 6 and will be producing 135,000 tons a year of SC-A and SC-B paper.  

IFP will handle the sales and marketing of all of the mill’s output.

“We are pleased to announce the re-start of production at St. Marys Paper Company and the appointment of International Forest Products as our sales partner,” said Dennis Bunnell, chairman and CEO.

“This appointment represents a step forward for St. Marys Paper and we could not be happier and are very proud to have this highly respected and successful global company as our partner. It ensured that St. Marys can offer secure supply of quality paper to our customers regardless of their purchasing strategy.”

“We are thrilled to be partnered with St. Marys on this exciting venture of restarting the mill,” said Daniel Kraft, president and CEO of IFP. “This relationship will provide growth and diversification in our expanding paper sales division.”

About St. Marys Paper Corporation

St Marys Paper Corp. is a privately owned groundwood pulp and supercalendered (SCA/SCB) specialty paper mill producing quality paper grades used mainly by magazine publishers and retailing companies for high quality advertising inserts, flyers and catalogues.

The company has an energy business which has recently signed a long term power purchase agreement with the Ontario Power Authority to produce biomass fueled, renewable, electrical energy at the mill.

About International Forest Products

IFP is a member of the Kraft Group of companies.

Founded in 1972 by Robert Kraft, IFP is one of the largest traders of forest products commodities in the world.

IFP conducts business in over 80 countries and has subsidiary offices located in Shanghai, Hong Kong, Beijing, Kuala Lumpur, Tel Aviv, Gothenburg, London, Santiago, Moscow and Vancouver.

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