Profile: Schweitzer-Mauduit International Inc (SWM.N)

SWM.N on New York Stock Exchange

29 Apr 2016
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Schweitzer-Mauduit International, Inc. (SWM) incorporated on August 21, 1995, is a producer of specialty papers and resin-based products. The Company manufactures and sells specialty papers used in manufacturing ventilated cigarettes and banded papers for the production of lower ignition propensity (LIP), cigarettes and producer of reconstituted tobacco leaf (RTL), used in producing blended cigarettes. The Company operates in three segments: Paper, Reconstituted Tobacco and Filtration. It also manufactures resin-based plastic netting through an extrusion process, as well as certain meltblown products and machined plastic core tubes. It also manufactures and sells thermoplastic nets, nonwovens, laminates and extruded components.

SWM conducts its business in over 90 countries and operate 16 production locations, with facilities in the United States, United Kingdom, Canada, France, Luxembourg, Russia, Brazil, China and Poland. The Company also has a 50% equity interest in two joint ventures in China, which include China Tobacco Mauduit (Jiangmen) Paper Industry Ltd. (CTM), a producer cigarette and porous plug wrap papers and China Tobacco Schweitzer (Yunnan) Reconstituted Tobacco Co. Ltd. (CTS), a producer of RTL.

Paper Segment

The Company's Paper segment produces commercial and industrial products, including lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter papers and other specialized papers. These products are generally sold directly to converters and other end-users in North America and Western Europe and through brokers in Brazil. Paper segment also produces Cigarette Papers for sale to cigarette manufacturers. SWM offers three types of Cigarette Papers, including cigarette, plug wrap and base tipping papers. Cigarette paper wraps the column of tobacco in a cigarette. The Company sells papers under the brand name ALGINEX and GLUCIGENTM. Plug wrap paper forms the outer layer of a cigarette filter and is used to hold the filter materials in a cylindrical form. Porous plug wrap, an air-permeable paper, is manufactured on inclined-wire paper machines. Base tipping paper, produced in white or tan/cork color, joins the filter to the tobacco-filled column of the cigarette.

Reconstituted Tobacco Segment

The Company's Reconstituted Tobacco segment produces reconstituted tobacco in two forms RTL, in France, and reconstituted tobacco wrappers and binders in the United States. These products are sold directly to tobacco companies in the Americas, Europe, Asia and elsewhere. RTL is used by cigarette manufacturers primarily to blend with virgin tobacco. Reconstituted tobacco wrappers and binders are used by manufacturers of machine-made cigars. Binder is used to hold the tobacco leaves in a cylindrical shape during the production process. Wrapper is used to cover the outside of the cigar. These products are sold directly to tobacco companies in the Americas, Europe and Asia, among others.

Filtration segment

The Company's Filtration segment products include thermoplastic nets, nonwovens, laminates, and extruded components under the trade name DELSTAR. The Company manufactures plastic and metal components used in a range of industries and markets, including liquid, air and water filtration, automotive, aerospace, healthcare, industrial, food and electronics.

The Company competes with delfortgroup AG, Miquel y Costas & Miquel S.A., Julius Glatz GmbH, and PT Bukit Muria Jaya (BMJ), LTRI, Philip Morris-USA, R.J. Reynolds Tobacco Company, Elets, STMA (China), Huabao International Holdings Ltd, Conwed, Marshall Manufacturing Company, Johns Manville Hollingsworth and Vose Company.

Company Address

Schweitzer-Mauduit International Inc

100 N Point Ctr E Ste 600
ALPHARETTA   GA   30022-8263
P: +1800.5140186
F: +1770.5694275

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