17 September 2013 20:05 [Source: ICIS news]
HOUSTON (ICIS)--International Paper (IP) will invest up to $150m (€113m) into its mill near ?xml:namespace>
The investment, which will be conducted in three phases, is to modernise operations and will occur over the next three years, the US-based company said.
No details about expansion of facilities or job creation were disclosed.
“We are very appreciative of the state of
Tuesday’s announcement comes nearly a week after IP announced a mill closure in nearby
On 11 September, IP announced plans to close its mill in Courtland,
The Courtland mill will be shut down in stages, with full closure expected by the end of the first quarter of 2014. Some 1,100 jobs will be affected.
The mill’s closure will reduce IP’s North American uncoated and coated freesheet paper production capacity by 950,000 tons.
The mill produces paper for forms, envelopes, labels, copiers, printers and magazines. IP noted that demand for freesheet paper in
The Courtland closure and
IP, like all large pulp and paper companies, extensively uses chemicals to manufacture its products. Caustic soda, starch, sodium chlorate, low-density polyethylene (LDPE) and latex are the primary chemical inputs used by the company.
($1 = €0.75)
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