Replies to post #1 on Schweitzer-Mauduit International, Inc. (SWM)

[Penny Roger$]

Schweitzer-Mauduit International, Inc. (SWM) is a multinational diversified producer of specialty papers. The Company manufactures and sells paper and reconstituted tobacco products to the tobacco industry, as well as specialized paper products for use in other applications. During the year ended December 31, 2010, tobacco industry products consisted approximately 93% of its consolidated net sales. The products in the group include cigarette, plug wrap and base tipping papers, or Cigarette Papers, used to wrap various parts of a cigarette and reconstituted tobacco leaf (RTL), which is used as a blend with virgin tobacco in cigarettes, reconstituted tobacco wrappers and binders for cigars. These products are sold to tobacco companies or their designated converters in the Americas, Europe and Asia. Non-tobacco products are mix of products, which includes engineered papers, as well as commodity paper grades produced to maximize machine utilization.