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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2012
RELATED PARTY TRANSACTIONS
16. RELATED PARTY TRANSACTIONS

At December 31, 2012 and 2011, PCA owned approximately 29% of Southern Timber Venture, LLC (“STV”) and had not guaranteed the debt of STV and has no future funding requirements. There is no carrying value of the Company’s investment in STV under the equity method at December 31, 2012 and 2011. PCA did not receive any dividends from STV in 2012, 2011 or 2010.

PCA purchased pulpwood directly from STV for its Valdosta mill until November 2010, when STV sold its timberlands to another entity. PCA purchased $2.7 million of pulpwood for its Valdosta, Georgia mill from STV during the year ended December 31, 2010.