Profile: Schweitzer-Mauduit International Inc (SWM.N)
29 Jan 2015
Schweitzer-Mauduit International, Inc. (SWM) incorporated on August 21, 1995, is a producer of specialty papers and resin-based products. It is a wholly-owned subsidiary of Kimberly-Clark Corporation. The Company is engaged in distribution of tobacco-related paper and other specialty paper products businesses, manufacturing and selling paper and reconstitution of tobacco products to the tobacco industry, as well as paper products for use in other applications. SWM operates and manages three segments based on product lines: paper segment, which primarily produces cigarette papers, plug wrap, lightweight printing, writing papers, battery separator paper, drinking straw wrap, filter paper, base tipping papers, and other specialized papers; reconstituted tobacco segment, which produces reconstituted tobacco leaf, wrapper and binder products for sale to cigarette and cigar manufacturers, and filtration segment, which produces thermoplastic nets, nonwovens, laminates, and extruded components. The wholly-owned, majority-owned and controlled subsidiaries include Schweitzer-Mauduit Canada, Inc., or SM-Canada; Schweitzer-Mauduit Spain, S.L., or SM-Spain; SWM RTL Philippines Inc.; SWM Luxembourg S.a.r.l; SWM HoldCo 1 S.a.r.l., SWM HoldCo 2 S.a.r.l or HoldCo 2, SWM Acquisition Corp. I, and Schweitzer-Mauduit International China, Limited.
The Company conducts business in over 90 countries and operates 14 production locations across the world, with facilities in the United States, Canada, France, Brazil, China and Poland. The Company also has a 50% equity interest in two joint ventures in China. China Tobacco Mauduit (Jiangmen) Paper Industry Ltd. (CTM), produces cigarette and porous plug wrap papers, and, China Tobacco Schweitzer (Yunnan) Reconstituted Tobacco Co. Ltd., whose facility is under construction.
The products include cigarette papers and commercial and industrial products including lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter papers and other specialized papers. Each of the three principal types of cigarette papers - cigarette, plug wrap and base tipping papers - serves a distinct purpose in the function of a cigarette. Cigarette paper wraps the column of tobacco in a cigarette. Certain properties of cigarette paper, such as control of ignition propensity, basis weight, porosity, opacity, tensile strength, texture and burn rate must be controlled to tight tolerances. Plug wrap paper forms the outer layer of a cigarette filter and is used to hold the filter materials in a cylindrical form. Conventional plug wrap is manufactured on flat wire paper machines using wood pulp. Porous plug wrap is manufactured on inclined-wire paper machines using furnish consisting of long-fibers, such as abaca, and wood pulp. Base tipping paper is filter element to the tobacco-filled column of the cigarette. The Company competes with delfortgroup AG, Miquel y Costas & Miquel S.A., Julius Glatz GmbH and PT Bukit Muria Jaya.
Reconstituted Tobacco segment products include reconstituted tobacco leaf (RTL), which is used as a tobacco blend with virgin tobacco in cigarettes, and reconstituted tobacco wrappers and binders for cigars. These products are sold directly to tobacco companies or their designated converters in the Americas, Europe and Asia. The Company competes with Philip Morris-USA, R.J. Reynolds Tobacco Company, Elets, Japan Tobacco Inc., STMA (China) and Huabao International Holdings Ltd.
The products include thermoplastic nets, nonwovens, laminates, and extruded components under the trade name DELSTAR. The Company manufactures plastic and metal components used in various industries and markets, including liquid, air and water filtration, automotive, aerospace, healthcare, industrial, food and electronics. The Company competes with Conwed, Marshall Manufacturing Company, Johns Manville, Hollingsworth and Vose Company, and Smith & Nephew plc.
Schweitzer-Mauduit International Inc
100 N Point Ctr E Ste 600
ALPHARETTA GA 30022-8263