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VOL. 127 | NO. 89 | Monday, May 07, 2012

International Paper to Invest $44M at La. Mill

AP

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BOGALUSA, La. (AP) – Louisiana Gov. Bobby Jindal's office said Friday that International Paper Co. is spending $44 million on new equipment and technology and other upgrades at its Bogalusa mill.

Jindal's office said the investment helps retain more than 400 jobs at the facility.

International Paper became the century-old mill's fifth owner when the company acquired Temple-Inland Inc. in February.

International Paper is based in Memphis, Tenn., and operates 10 facilities in Louisiana.

The state offered a $2.2 million tax credit to assist with the upgrades, which are scheduled to be completed in mid-2013.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 78 260 13,157
MORTGAGES 103 370 17,128
FORECLOSURE NOTICES 0 36 3,336
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 74 209 12,552
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UTILITY CONNECTIONS 88 416 19,309
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