SWM Reports Progress With European Agreements

SWM (NYSE: SWM) today announced progress in securing multi-year customer agreements and is on pace to supply its proprietary Alginex low ignition propensity cigarette paper to meet approximately 40% of the needs of the European Union market. The expected EU agreements, coupled with customer commitments for Australia and South Africa, are expected to utilize essentially all of SWM's planned EU LIP cigarette paper capacity.