» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 89 | Monday, May 07, 2012

International Paper to Invest $44M at La. Mill

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 215 4,981
MORTGAGES 96 322 6,548
FORECLOSURE NOTICES 13 38 1,517
BUILDING PERMITS 223 541 11,800
BANKRUPTCIES 84 203 5,162
BUSINESS LICENSES 19 65 2,001
UTILITY CONNECTIONS 124 351 6,815
MARRIAGE LICENSES 21 65 1,406

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.