Thomas J. Howatt, president and CEO of Wausau Paper, said, "Adjusted net earnings increased from the second quarter and approached year-ago levels despite deteriorating economic conditions and historically high input costs. Although far from satisfied with absolute earnings, we are pleased with our recent progress as sequential profitability improved for all three of our businesses while two of the three improved year-over-year."

Mr. Howatt continued to say, "Progress with Printing & Writing's recovery plan along with sales mix and pricing initiatives within Specialty Products and Towel & Tissue has created a measure of earnings momentum. With recessionary business conditions likely to persist for several quarters, we remain focused on executing against these initiatives and completing strategic capital projects to drive long-term shareholder value. These projects include the $31 million towel machine rebuild at Towel & Tissue's Middletown, Ohio mill to fuel growth in that segment and the $15 million fiber-handling project at Printing & Writing's Brokaw, Wisconsin mill to improve manufacturing capabilities and further reduce costs."

Recently Wausau Paper Reinvested $31 Million Dollars in Middletown.