Profile: Schweitzer-Mauduit International Inc (SWM.N)
Schweitzer-Mauduit International, Inc. (SWM), incorporated on August 21, 1995, is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
Through its Engineered Papers (EP) segment, the Company primarily serves the tobacco industry via the manufacture and sale of paper and reconstituted tobacco products. The primary products sold to the tobacco industry include cigarette, plug wrap and base tipping papers, or Cigarette Papers, which are used to wrap various parts of a cigarette, reconstituted tobacco leaf (RTL), which is used as a 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, Asia, Africa, the Middle East and elsewhere. The EP segment is a manufacturer of lightweight specialty papers used in manufacturing banded papers used in the production of lower ignition propensity (LIP), cigarettes and also produces specialized papers for other applications, including low volume specialized commercial and industrial commodity paper grades produced, among other reasons, to maximize machine utilization. Its non-tobacco paper products include a mix of lightweight papers including low-volume, high-value, engineered materials, such as alkaline battery separator papers, as well as high-volume commodity paper grades for printing and writing, flooring laminates, and food service packaging, which are intended to maximize machine utilization. Its wet-laid paper making technologies include two main production processes: flat-wire production and incline-wire production. Its machines are flat-wire, meaning a liquid slurry of short pulp fibers and water are laid onto flat-wire conveyor belts, with the water draining through the wire as the fibers (wood, flax, tobacco) bond together to form a paper sheet. Incline-wire machines allow for increased drainage, enabling the use of longer fibers, which bond into a more open Web, increasing the porosity.
The Company competes with delfortgroup AG, Miquel y Costas & Miquel S.A., Julius Glatz GmbH, PT Bukit Muria Jaya, Philip Morris-USA, R.J. Reynolds Tobacco Company, JT, STMA (China) and Huabao International Holdings Ltd.
Advanced Materials and Structures
Through Advanced Materials & Structures (AMS) segment, the Company is a specialty producer of resin-based plastic netting through an extrusion process, as well as certain meltblown products, machined plastic core tubes, urethane films, and resin-based rolled products for use in other end segments, such as filtration, surface protection, medical and other industrials. The Company produces both tobacco-related papers and non-tobacco-related papers. The Company's tobacco-related papers include various porous papers used to wrap parts of a cigarette, such as tobacco column and filter, and reconstituted tobacco leaf (RTL), which is blended with virgin tobacco in a cigarette. The Company's non-tobacco paper products include a mix of lightweight papers, including low-volume engineered materials, such as alkaline battery separator papers, as well as high-volume commodity paper grades for printing and writing, flooring laminates, and food service packaging. The Company sells its products directly to the tobacco companies or their designated converters in the Americas, Europe and Asia. It manufactures its thermoplastic polyurethane films (TPU) to have combinations of the attributes, including ultraviolet (UV), scratch, and water resistance, breathability, and ultra-clarity. These products are also used in certain applications, such as graphics and laminated textiles in the industrial end-market, and also the medical end market. Other films, including apertured film products, are used in wound care applications, such as finger bandages, wound dressings, and other hospital-setting products for the medical end market. Its apertured film products are also used in specialty liquid filters for ultra-pure semiconductor manufacturing processes.
Its thermoplastic nets are used in a variety of applications, such as spacer netting in spiral wound reverse osmosis water filtration (RO filtration) devices. Its nets are also used in a variety of industrial and life science filter applications, such as fuel and hydraulic fluid filters, pharmaceutical filters, semiconductor filters, and food and beverage filters. They can also be found in a variety of packaging (retail food packaging) and protection applications (casings for underground pipelines). Its non-wovens are typically air-laid resin-based materials often used in liquid filtration and residential and commercial air filtration and its foams are mainly sold as components in wound care products. In addition to rolled goods, SWM also manufactures rigid core tubing, an extruded resin product that also is primarily used in reverse osmosis water filtration devices, and flexible tubing used in various medical and industrial applications.
The Company competes with Marshall Manufacturing Company, Berkshire Hathaway Inc., Shaoxing Naite Plastics Co. Ltd., 3M Company, Covestro AG, and Hollingsworth and Vose Company.
Schweitzer-Mauduit International Inc
100 N Point Ctr E Ste 600
ALPHARETTA GA 30022-8263
Company Web Links
- BRIEF-Schweitzer-Mauduit International names Jeffrey Kramer CEO
- BRIEF-SWM announces Q4 revenue $198.7 million
- BRIEF-Schweitzer-Mauduit enters into interest rate swap deal with JPMorgan Chase
- BRIEF-Schweitzer-Mauduit International announces capacity expansion for filigree papers
- BRIEF-SWM Q3 adjusted earnings per share $0.74