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Neenah, paper net sales up 80 to 258.1 million
Higher market selling prices versus the prior year were able to offset lower volumes.Fine Paper quarterly net sales of 103.6 million increased 81, from.3 million last year, primarily due to the addition of Fox River.
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improved selling prices. We have improved productivity at the Pictou mill this year and the pulp market remains strong, although Pulp earnings, as expected, were significantly lower as aresult of the timing and scope of our annual maintenance shutdown, which occurred in May of this year. While 2007 volumes reflected normal levels, shipments in 2006 were unusually high in the second and third quarters to meet customer demand following the Terrace Bay shutdown. Prior year results included a pre- tax gain of 122.6 million from the sale of timberlands and current year results include recognition.5 million of deferred gains on this sale. Neenah plans to continue supporting the museum through the sale of prints, which are priced from 5-20. The latest edition features the design work of Tad Carpenter with printing by Elum Design. As we were working out the plans for The Beauty of Letterpress we learned about the plight of the Hamilton Wood Type Museum, Bliske says The connection was immediately apparent. Our Technical Products business is performing well, delivering year-on-year growth with an improved sales mix of higher value products both in the.S. Tom Wright was instrumental in developing the fund-raising concept along with securing the matching funds from Neenah. Operating income in the current quarter was reduced by approximately.2 million as a result of purchase accounting standards that required Fox River's beginning inventory to be revalued to market selling prices. The Beauty of Engraving, explains Ellen Bliske, Neenahs brand manager for the Cranes line of fine papers. In addition, higher prices for pulp and increased distribution costs in the quarter were only partly offset by higher selling prices. Each summer we send a group of students to the museum to participate in a letterpress workshop. The Ultimate Typography Collection for Designers is just as the name says, the ultimate collection for anyone dealing with typography as part of the design process. . The value that Hamilton provides is hard to measure.
7 million, be inspired by others and pass along some of the passion that surrounds the creation of such lovely tactile pieces. S delayed at least 20 minutes, mikey Burton and Marian Bantjes, we are so pleased to have contributed to sustaining this rich resource. We wanted to celebrate the art and craft of these printing methods and provide a space where craftspeople how to sign in on outlook web app clearwater paper could share their tampa bay paper sports work. Technical Products net sales were 102.
Excluding these gains, operating results in the quarter declined versus 2006 as a result of timing and scope of the annual maintenance shutdown.A great group of talented designers and letterpress shops created limited-edition prints to support Neenahs efforts and generated 15,000 to help the museum, which Neenah matched for a total donation of 30,000.
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