143 



5. Carboxymethyl and Ethyl Celluloses - emulsifiers, i.e. 

 paints and coatings. 



6. Specialities - formica, artificial leathers, molded 

 luggage and laminates, tissue and specialty papers. 



Thus, cellulose, a basic component of wood, is purified in 

 the pulp process and converted into numerous useful end 

 products in today's world of modern technology. 



STABILITY OVER TIME 



The existence of a viable pulp mill{s) provides the real 

 assurance of continuing the many hundreds of year-round jobs in 

 the timber industry. Without our pulp mill greatly aggravated 

 unemployment would have occurred in our region during the 

 period 1981 through 1985, when our local timber industry (as 

 the forest products industry elsewhere) faced the most severe 

 and prolonged recession in its history. The current 

 replacement cost of KPC's pulp mill, would be at least $400 

 million. With this asset-investment base, with the long-term 

 agreement with the United States for assured timber supply at 

 competitive rates, and with a world-wide customer base 

 developed over time, one is driven to manage and operate a pulp 

 mill through both good and bad markets. Sawmills also are a 

 vital part of integrated timber operations, and KPC has three 

 sawmills, but time and practice has shown it is an easier 



_Q_ 



