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Wausau-Mosinee
Paper Corporation Added to KLD's Domini 400 Socialsm
Index
BOSTON,
MA - September 16, 2003 - KLD Research &
Analytics, Inc., an independent research firm, announced
today that Wausau-Mosinee Paper Corporation has
been added to KLD's Domini 400 Socialsm Index. Wausau-Mosinee
Paper Corporation (WMO) is headquartered in Mosinee,
Wisconsin.
Wausau-Mosinee
Paper Corporation manufactures, converts, and sells
printing and writing papers; specialty papers, including
pressure-sensitive backing, food service papers,
and sterilizable medical packaging; and towel and
tissue products. The company's brand names include
Wausau Papers, Astrobrights, Bay West, and EcoSoft.
Reasons the company was added to KLD's DS 400
Index
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Wausau-Mosinee uses a totally chlorine free (TCF)
pulp bleaching technology at its Brokaw, Wisconsin
mill. TCF bleaching is unusual in the North American
pulp and paper industry. Historically, paper manufacturers
have used an elemental chlorine-based bleaching
process that releases persistent chlorine-based
chemicals, such as dioxin, into the air and water.
The EPA endorses elemental chlorine-free (ECF)
bleaching, which significantly reduces the amount
of dioxin discharged into the environment TCF
surpasses even ECF's environmental benefits. Many
health experts and environmental groups support
TCF bleaching for its greater potential to eliminate
dioxin.
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The company buys pulp from other mills and recycled
fiber for pulping. Both the company's Towel &
Tissue Group and its Printing & Writing Group
use post-consumer recycled fiber. The Towel &
Tissue Group uses approximately 135,000 standard
tons of wastepaper annually.
- Wausau-Mosinee
encourages employee involvement through its "Pride
Idea" program. The company rewards employees
for suggestions on ways to reduce costs or improve
products. The company noted that more than 5,000
suggestions had been submitted since the 1997
merger of Wausau and Mosinee.
About the KLD Family of Indexes
The Domini 400 SocialSM Index (DS 400
Index) is the established benchmark for measuring
the impact of social screening on financial performance.
Launched in May 1990, the DS 400 Index is the first
benchmark for equity portfolios subject to multiple
social screens. The index consists of 400 diversified
equities that pass a broad range of social screening
criteria. The KLD Broad Market Socialsm
Index (KLD BMS Index) is the screened subset of
the Russell 3000® Index, and the KLD Large Cap
Socialsm Index (KLD LCS Index) is the
screened subset of the Russell 1000® Index,
both of which were launched on January 1, 2001.
About KLD Research & Analytics, Inc.
KLD Research & Analytics, Inc. is an independent
research firm providing investment management tools
that are used by professionals to serve clients
who require investment strategies based on social
responsibility, responsive governance and corporate
integrity. KLD products and services, including
Socrates (a web-based, company research tool)
are used for screening, compliance and asset gathering.
For
more information about KLD or the KLD Domini 400
Social Index, please see our website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270)
or via e-mail (kagredo@kld.com).
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