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world’s largest supplier of fine papers to the tobacco industry. SchweitzerMauduit conducts business in over 90 countries and employs approximately 3,600 people worldwide, with operations in the United States, France, Brazil, Indonesia, the Philippines and Canada and with a joint venture under construction in China.SchweitzerMauduit became an independent public pany on December 1, 1995 with the spinoff by KimberlyClark Corporation of its United States, French and Canadian operations that produced tobaccorelated products. SchweitzerMauduit is listed on the New York Stock Exchange under the symbol SWM. SchweitzerMauduit’s products fall into two categories – tobacco industry products and mercial and industrial products. Tobacco Industry ProductsThis category includes fine papers and reconstituted tobacco products used in the manufacture of cigarettes and cigars.Cigarette ApplicationsCigarette Paper wraps the column of tobacco in a cigarette and can be made from flax, wood or a bination of fibers. Certain properties such as basis weight, porosity, opacity, tensile strength, texture and whiteness must be controlled to tight tolerances. Many of these properties are critical to meeting runnability standards of the highspeed production processes used by cigarette manufacturers. Plug Wrap Paper wraps the outer layer of the cigarette filter plug and holds the filter material in cylindrical form. Highly porous plug wrap papers are used in the production of filterventilated cigarettes.Reconstituted Tobacco Leaf (RTL) is a filler that is blended with virgin tobacco in the tobacco rod of a cigarette to costeffectively utilize tobacco leaf byproducts. The percent of RTL used in the tobacco blend and the position of the RTL are important design considerations of the cigarette manufacturers.Tipping paper joins the filter element with the tobacco rod. Tipping papers are made in white or a buff color and must be both printable and glueable at high speeds in order to produce cigarettes that are distinctive in appearance. Preperforated tipping papers are an important design element of filterventilated cigarettes.Cigar ApplicationsReconstituted Tobacco Wrapper wraps around the outside of machinemade cigars to provide a uniform, finished appearance. The wrap