Clearwater Paper Launches NuVo® with BioPBS™ Cup

Rhea-AI Summary

Clearwater Paper Corporation (NYSE: CLW) has launched NuVo® with BioPBS™, a sustainable cup stock offering a compostable alternative to traditional hot cups. This product features a compostable barrier, 35% post-consumer fiber, and FSC® certification, targeting the growing demand for sustainable foodservice solutions. Steve Bowden, SVP and general manager, emphasized the company's commitment to sustainability and innovation. BioPBS™ is supplied by Mitsubishi Chemical Corporation and PTTMCC Biochem Company Limited. Clearwater Paper aims to enhance product differentiation while meeting sustainability trends.

Positive

• Launch of NuVo® with BioPBS™, a compostable cup stock.
• Product contains 35% post-consumer fiber.
• Forest Stewardship Council® certification enhances credibility.
• Addresses growing market demand for sustainable products.

Negative

• None.

SPOKANE, Wash.--(BUSINESS WIRE)-- Clearwater Paper Corporation (NYSE: CLW) today introduced NuVo® with BioPBS™, a sustainable cup stock that provides foodservice operators with a compostable alternative to hot cups coated with low-density polyethylene.

NuVo® with BioPBS™ is the first cup stock to combine a compostable barrier, 35% post-consumer fiber, Forest Stewardship Council® (FSC®) chain-of-custody certification (FSC-C008402), and a high-definition print surface.

“When we launched the NuVo® brand in 2019, we made a promise to continually innovate to maximize product differentiation and sustainability. We are pleased to continue delivering on that commitment by introducing NuVo® with BioPBS™, a next-generation cup stock that we believe will allow our customers to be at the forefront of growing trends in sustainability,” said Steve Bowden, senior vice president and general manager of the pulp and paperboard division.

You can find additional information about NuVo® on the Clearwater Paper website at Clearwater Paper Corporation - Paperboard Products.

ABOUT BioPBS™

BioPBS™ is supplied to Clearwater Paper by Mitsubishi Chemical Corporation and PTTMCC Biochem Company Limited, a 50-50 joint venture between MCC and PTT Global Chemical Public Company Limited.

ABOUT CLEARWATER PAPER

Clearwater Paper is a premier supplier of private-branded tissue to major retailers, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting, and cutting. Clearwater Paper's employees build shareholder value by developing strong relationships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding product quality, attributes, and development; sustainability and customers. These forward-looking statements are based on current expectations that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include those risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The company does not undertake to update any forward-looking statements based on new developments or changes to the company’s expectations.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220106005645/en/

News media

Clearwater Paper Corporation

Shannon Myers, Sr. Director, Corporate Communications

Phone: 509-344-5967

shannon.myers@clearwaterpaper.com



Investors

Solebury Trout

Sloan Bohlen

Phone: 509-344-5906

investorinfo@clearwaterpaper.com

Source: Clearwater Paper Corporation

FAQ

What is NuVo® with BioPBS™ launched by Clearwater Paper?

NuVo® with BioPBS™ is a sustainable cup stock that provides foodservice operators with a compostable alternative to traditional hot cups.

What are the key features of NuVo® with BioPBS™?

It includes a compostable barrier, 35% post-consumer fiber, and is FSC® certified.

When was NuVo® with BioPBS™ introduced?

The product was introduced in a press release dated January 6, 2022.

Who supplies BioPBS™ for Clearwater Paper?

BioPBS™ is supplied by Mitsubishi Chemical Corporation and PTTMCC Biochem Company Limited.

How does Clearwater Paper meet sustainability trends?

By launching products like NuVo® with BioPBS™, Clearwater Paper aims to enhance product differentiation and address consumer demand for sustainable options.