ALPHARETTA, Ga., Dec. 3, 2010 /PRNewswire-FirstCall/ -- Schweitzer-Mauduit International, Inc. (NYSE: SWM) believes that today's movement in the price of its stock might be due to investor reaction to a news article that appeared in a tobacco industry trade publication late last week that a competitor entered a supply agreement with a European based cigarette company to supply an unspecified amount of fire safe cigarette paper. SWM has no news to report.
SWM is a diversified producer of premium specialty papers for the tobacco industry. It also manufactures specialty papers for other applications. SWM and its subsidiaries conduct business in over 90 countries and employ 2,800 people worldwide, with operations in the United States, France, Brazil, the Philippines, Indonesia, Canada, Poland and a joint venture in China. For further information, please visit the company's Web site at www.swmintl.com.
Both of SWM
Web Site: http://www.swmintl.com
SOURCE Schweitzer-Mauduit International, Inc.