Thursday, May 23 2013 10:02 PM EDT2013-05-24 02:02:33 GMT
(WMC-TV) - Growl Towels are a symbol of Grizz Nation, and are seen waving on televisions across the county. The makers of the iconic towels work out of Nashville. "Something Inked" said it is an amazingMore >>
Growl Towels are a symbol of Grizz Nation, and are seen waving on televisions across the county.More >>
Thursday, May 23 2013 7:42 PM EDT2013-05-23 23:42:59 GMT
(WMC-TV) - It is going to be the biggest private company renovation in Whitehaven since Graceland was remodeled. This time, it is Kroger making the changes. Changes to the tune of $5 million. In justMore >>
It is going to be the biggest private company renovation in Whitehaven since Graceland was remodeled. This time, it is Kroger making the changes. Changes to the tune of $5 million.More >>
Thursday, May 23 2013 7:32 PM EDT2013-05-23 23:32:52 GMT
(WMC-TV) - Twelve lawsuits were filed Thursday against Memphis-based Medtronic after lawyers say the company illegally promoted a popular product used in spinal fusion surgeries. The product is calledMore >>
Twelve lawsuits were filed Thursday against Memphis-based Medtronic after lawyers say the company illegally promoted a popular product used in spinal fusion surgeries.More >>
Thursday, May 23 2013 7:18 PM EDT2013-05-23 23:18:35 GMT
(WMC-TV) - How often do you use your cell phone in one day? Probably more than you can count and for many, cell phones replaced home phones. But when the tornado hit Moore, cell phone signals were downMore >>
When the tornado hit Moore, cell phone signals were down and Verizon Wireless stepped in to help with some volunteers from the Mid-South.More >>
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE KP Tissue Inc.
MISSISSAUGA, ON, Feb. 22, 2013 /PRNewswire/ - KP Tissue Inc. ("KPT")
(TSX: KPT) which owns an economic interest of approximately 16.9% in
Kruger Products L.P. ("KPLP"), today announced that KPLP has
successfully finished the construction phase of its TAD
(Through-Air-Dried) tissue project at its Memphis, Tennessee facility.
In the autumn of 2011, KPLP commenced the construction of the TAD
tissue machine and its related infrastructure at an estimated total
cost of U.S. $322 million.
"We are especially pleased to have completed this phase of the project
on time and on budget. The startup phase has commenced and we are
already shipping products to our customers. The TAD project is a key
component of KPLP's North American growth strategy," said Mario
Gosselin, CEO of KPLP and KPT.
The new TAD tissue machine when fully optimized is expected to increase
the company's production capacity by approximately 20 percent, or
60,000 metric tonnes per year.
About KP Tissue Inc.
KP Tissue Inc. (KPT) was created to acquire, and its business is limited
to holding, a limited partnership interest in KPLP. It currently holds
a 16.9% interest in KPLP. For more information visit www.kptissueinc.com.
About Kruger Products L.P.
Kruger Products L.P. is Canada's leading manufacturer of quality tissue
products for household, industrial and commercial use. Kruger Products
L.P. serves the Canadian consumer market with such well-known brands as
Cashmere®, Purex®, SpongeTowels®, Scotties®' and White Swan®. In the
U.S., Kruger Products L.P. manufactures the White Cloud® brand, as well
as many private label products. Kruger Products L.P. has approximately
2,300 employees across North America and operates five FSC® CoC-
certified mills, four of which are located in Canada and one in the US.
Kruger Products L.P. is currently a wholly-owned subsidiary of Kruger
Inc. For more information visit www.krugerproducts.ca.
Certain statements in this press release about KPT's and KPLP's current
and future plans, expectations and intentions, results, levels of
activity, performance, goals or achievements or any other future events
or developments constitute forward-looking statements. The words "may",
"will", "would", "should", "could", "expects", "plans", "intends",
"trends", "indications", "anticipates", "believes", "estimates",
"predicts", "likely" or "potential" or the negative or other variations
of these words or other comparable words or phrases, are intended to
identify forward-looking statements. The forward-looking information is
based on certain key expectations and assumptions made by KPT or KPLP,
including expectations and assumptions concerning the production
capacity of the TAD Project, and KPLP. Although KPT and KPLP believe
that the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be
placed on the forward-looking information since no assurance can be
given that such expectations and assumptions will prove to be correct.
Many factors could cause actual results, performance or achievements or
future events or developments of KPT to differ materially from those
expressed or implied by the forward-looking statements, including,
without limitation, the following factors, which are discussed in
greater detail in the "Risk Factors" section of KPT's prospectus issued
December 13, 2012: dependence on underlying performance of KPLP;
dependence on cash distributions by KPLP; risks associated with the TAD
Project; operational risks; KPLP's inability to innovate effectively;
adverse economic conditions; KPLP's failure to implement its business
and operating strategies; KPLP's dependence on key personnel; KPLP's
loss of key suppliers; labour disputes adversely affecting KPLP's cost
structure and KPLP's ability to run its plants; exchange rate and U.S.
competitors; KPLP's inability to service all of its indebtedness;
interest rate and refinancing risk; information technology and
innovation; and internal controls.
These factors are not intended to represent a complete list of the
factors that could affect KPT and/or KPLP; however, these factors
should be considered carefully, and readers should not place undue
reliance on forward-looking statements made herein or in the documents
The forward-looking information contained herein is expressly qualified
in its entirety by this cautionary statement. The forward-looking
information contained herein is made as of the date of Press Release
and KPT and KPLP undertake no obligation to publicly update such
forward-looking information to reflect new information, subsequent or
otherwise, unless required by applicable securities laws.
Thursday, May 23 2013 9:52 AM EDT2013-05-23 13:52:45 GMT
(WMC-TV) - There is a major slowdown in Memphis this Thursday morning, where a tractor trailer has flipped on Interstate 240 Westbound at the Walnut Grove exit. All lanes of Westbound I-240 have beenMore >>
There is a major slowdown in Memphis this Thursday morning, where a tractor trailer has flipped on Interstate 240 Westbound at the Walnut Grove exit.More >>
Thursday, May 23 2013 1:22 PM EDT2013-05-23 17:22:07 GMT
(WMC-TV) - A Bartlett Medal of Honor recipient has died. Vernon McGarity, a U.S. Army Veteran, was awarded the Medal of Honor for his heroism during World War II in 1952. Action News 5 spoke with McGarityMore >>
A Bartlett Medal of Honor recipient has died. Vernon McGarity, a U.S. Army Veteran, was awarded the Medal of Honor for his heroism during World War II in 1952.More >>
Thursday, May 23 2013 11:55 AM EDT2013-05-23 15:55:08 GMT
(RNN) - Dozens of Cleveland restaurants have pledged to give the man who rescued three Ohio women from captivity, free burgers for life. Charles Ramsey, the guy who famously stopped eating his Big MacMore >>
More than a dozen of Cleveland restaurants have pledged to give the man who rescued three Ohio women from captivity, free burgers for life.More >>
Wednesday, May 22 2013 11:00 PM EDT2013-05-23 03:00:22 GMT
(WMC-TV) - A Memphis mother defends her teenage son who is charged with murdering someone at a graduation party. Rebecca Miller and her son are anything but strangers to Action News 5. Our station helpedMore >>
A Memphis mother defends her teenage son who is charged with murdering someone at a graduation party.More >>
Wednesday, May 22 2013 11:40 PM EDT2013-05-23 03:40:29 GMT
(WMC-TV) - The Memphis Police Department issued a city watch for a 12-year-old boy Wednesday night. Robert McBride II was last seen leaving his residence on foot on Jamaica Avenue. He has a mohawk, andMore >>
The Memphis Police Department canceled a city watch for a 12-year-old boy Wednesday night.More >>
Wednesday, May 22 2013 11:24 PM EDT2013-05-23 03:24:43 GMT
(WMC-TV) - A Memphis skateboard shop was going under until the Grizzlies' big wins, that is when owner Hunter Demster started selling T-shirts. The "Grind City" shirts saved his Midtown business whichMore >>
A Memphis skateboard shop was going under until the Grizzlies' big wins, that is when owner Hunter Demster started selling T-shirts.More >>
Thursday, May 23 2013 9:50 AM EDT2013-05-23 13:50:12 GMT
(WMC-TV) - The U.S Attorney's office of the Eastern District of Arkansas sentenced a former West Memphis councilman and a West Memphis police officer for a conspiracy to commit election fraud. Former WestMore >>
District Judge Kristine Baker sentenced a former West Memphis councilman and a West Memphis police officer for a conspiracy to commit election fraud.More >>
Wednesday, May 22 2013 11:00 PM EDT2013-05-23 03:00:20 GMT
(WMC-TV) - A Mid-South mother of four is convinced that one of her sons was murdered. And after spending the past four years trying to prove it, she is turning to the Action News 5 Investigators. FrancesMore >>
A Mid-South mother of four is convinced that one of her sons was murdered. And after spending the past four years trying to prove it, she is turning to the Action News 5 Investigators.More >>
Wednesday, May 22 2013 9:38 PM EDT2013-05-23 01:38:14 GMT
MOORE, OK - The trembling, mud-spattered dog whose photo went viral on Tuesday was not actually standing watch over her owner's body - her name is Susie, her owner is named Curtis Collins, and he's alive.ThanksMore >>
There's a happy ending to the story of the little dog who was found standing guard over a body after the EF-5 tornado that decimated her neighborhood in Moore, OK. Her owner is alive, and they have been reunited thanks to the viral photo. More >>