Jul 18, 2006. /Lesprom Network/. Buckeye Technologies Inc. announced on July 17 that it expects its profitability for the April-June quarter will be slightly above the level achieved in January-March 2006. The company anticipates it will report revenue growth in the mid-single digits versus both the preceding quarter and the year ago quarter. Buckeye's new initiatives in the building products industry (UltraFiber 500(TM)) and its recently upgraded specialty cellulose facility at Americana, Brazil have contributed to the revenue growth. Additionally, net debt was reduced by $30.9 million to $510.9 million. Buckeye chairman John B. Crowe commented, "While we are pleased that we are building sales for both UltraFiber 500(TM) and at our Americana facility, we are disappointed that the ramp-up at Americana did not meet our expectations for the quarter. Additionally, high manufacturing costs at our wood facility in Florida had a negative impact on earnings. As we begin our fiscal year 2007, our priorities are to turn the higher revenues from new initiatives into improved earnings and to reduce costs across the company." Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven materials, is headquartered in Memphis, Tennessee, USA. The company currently operates facilities in the United States, Germany, Canada, and Brazil. Its products are sold worldwide to makers of consumer and industrial goods.