Graphic Packaging To Close Facilities

"We intend to compete as the lowest cost producer in our markets. Our initiatives to integrate and optimize our manufacturing base ensure that our customers are reliably supported from a solid network of efficient, low-cost manufacturing facilities. We have focused steadily on these goals over the past 12 months, and we are better positioned today to strengthen our earnings performance and continue to reduce debt even under the current challenging operating environment," Scheible said.