US–based manufacturer and marketer of specialty fibres and nonwoven materials Buckeye Technologies Inc. recorded a net loss of $0.8 million after tax in the quarter ended March 31, 2006. The company's results include $1.1 million after tax in restructuring and impairment expenses associated with the closure of its Glueckstadt, Germany, cotton linter pulp mill at the end of 2005. During the same quarter of the prior year, the company earned $4.1 million after tax.

Net sales in the first quarter were $181.4 million, slightly above the $180.9 million in the same quarter of 2005.

Chairman David Ferraro stated, "With our American facility beginning to produce saleable products, we are optimistic that the company's financial results will improve during April-June.”