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Marietta, Georgia – October 14, 2008 -- Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), today announced that it will increase prices for coated unbleached kraft paperboard, effective with shipments on or after November 1, 2008. The Company will increase prices for its Pearl-Kote® and Omni-Kote® coated folding carton grades used for food packaging by $40 per ton, and for its Aqua-Kote® carrier grade used for beverage carriers by $50 per ton.
"Given the volatile costs for essential inputs like fiber, energy and chemicals in our manufacturing, we are taking action to continue to manage these uncertainties and provide innovative paperboard packaging to our customers under the current market dynamics, while also providing positive returns to our shareholders,” said David W. Scheible, President and Chief Executive Officer.
Forward Looking Statements
Statements of the Company's plans regarding price increases in this release constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from the Company's present expectations. Undue reliance should not be placed on such forward-looking statements, as such statements speak only as of the date on which they are made and the Company undertakes no obligation to update such statements. Additional information regarding these and other risks is contained in the Company's periodic filings with the SEC.
About Graphic Packaging Holding Company
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), headquartered in Marietta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-recycled boxboard and specialty bag packaging. The Company's customers include some of the most widely recognized companies in the world. Additional information about Graphic Packaging, its business and its products is available on the Company's web site at http://www.graphicpkg.com
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