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Smurfit-Stone Announces Temporary Shutdown of Paper Machine at Missoula, MT, Mill

CHICAGO, February 28, 2001 — Smurfit-Stone Container Corporation (Nasdaq: SSCC) will temporarily shut down one of three paper machines at the Missoula, MT, paper mill on Thursday, March 1st. Continuing high energy costs prompted the decision to curtail production. The shutdown will affect 30 hourly employees. The mill will return to full operation when energy costs moderate and overall linerboard market conditions improve.
The Missoula mill manufactures linerboard, the flat outside layer of corrugated containers. The mill has more than 620 employees and a production capacity of approximately 2,200 tons per day.

Smurfit-Stone Container Corporation is the premier manufacturer of paper- and paperboard-based packaging. Smurfit-Stone holds industry-leading positions in the production of containerboard (including white-top linerboard and recycled medium), corrugated containers, industrial bags, and clay-coated recycled boxboard; and is the world’s largest paper recycler. In addition, Smurfit-Stone is a leading producer of folding cartons, solid bleached sulfate, paper tubes and cores, and labels. The company operates more than 300 facilities worldwide and employs approximately 40,000 people.