International Paper (IP) plans to invest up to $52.2 million in capital to increase the efficiency of the Bogalusa mill in Louisiana, USA.
Through the project, International Paper plans to retain the mill's 492 direct jobs that provide an average annual salary of more than $86,000, plus benefits. In Bogalusa, IP operates a paper mill and an associated corrugated box plant. The modernization program would enhance the paper mill's efficiency by upgrading the recovery boiler system, along with filtration, condenser and acid system enhancements in the papermaking process.
The latest project plan would bring International Paper's investment in capital upgrades at the Bogalusa Mill to $487 million since the company purchased the Washington Parish site in a 2012 acquisition of Temple-Inland Inc.
Source: Lesprom Network