By Jerry UnderwoodMade in Alabama
Memphis, Tennessee-based International Paper (IP) plans to increase its investment in its Riverdale Mill in Dallas County to $552.7 million as it optimizes the facility’s products and productivity.
In September 2017, IP announced plans to invest around $300 million at the Selma plant as part of a strategy to grow its industrial packaging business.
The additional investment expands on those plans to convert a line making uncoated freesheet, or copy paper, to the production of high-quality white-top and linerboard, as well as containerboard. These products are important to the packaging industry, which is experiencing a boom because of surging levels of e-commerce.“Our system runs most effectively when there is flexibility, and this conversion will also help us define a more streamlined and balanced system overall,” Tim Nicholls, IP’s senior vice president, Industrial Packaging the Americas, said in September.
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from The Alabama Weather Blog https://www.alabamawx.com/?p=152543
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