News Release - October 18, 2004

GreenFiber’s Phoenix plant doubles production capacity and improves packaging to meet customers' needs.

The new housing market in the Phoenix and Las Vegas areas is booming at the explosive rate of 60,000 new homes per year. How are manufacturers of building products keeping up with demand?

GreenFiber, manufacturer of cellulose insulation, responded to customer’s needs by doubling the production capacity of their Phoenix, Arizona plant and installing a state-of-the art packaging system. The US market for thermal and acoustical insulation is expected to reach $5.8 billion in 2006 supported by new construction and upgrades for existing buildings. GreenFiber’s Phoenix plant supplies customers in the Arizona, Nevada, New Mexico, southern California and Utah markets. "The increase in production definitely helps us," says Gary Grover of Banker Insulation. "GreenFiber keeps us in good supply. Without product, we can’t do our job." The new packaging makes it easier for installers to stack, store, open and handle the bags of insulation.

GreenFiber Cocoon Insulation is used in the attic and exterior walls to provide thermal comfort, added fire safety and noise reduction. GreenFiber’s seamless insulation saves energy by keeping heat out in summer and warmth in during winter. GreenFiber also meets today’s growing concern for reducing damage to our environment and dependence on fossil fuels. This naturally green product reduces landfill waste – each bag contains the equivalent of 46 Sunday newspapers – and requires less energy to manufacture than mineral fibers such as fiberglass.

Established in 2000, GreenFiber LLC is a quality-conscious provider of GreenFiber Cocoon Insulation, fire and sound products. GreenFiber is sold through major home centers, building supply retailers and lumberyards in the US and Canada to the do-it-yourself and contractor customer. GreenFiber’s products are also sold through a national sales force to residential and commercial contractors as well as to the manufactured housing industry. The company, headquartered in Charlotte, NC, is a 50/50 joint venture of Louisiana-Pacific (NYSE:LPX) and Casella Waste Systems, Inc. (NASDAQ:CWST). GreenFiber has the capacity to turn what has previously been an environmentally-friendly "specialty" product into a major competitor in the building products industry.