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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 218 2,605
MORTGAGES 88 310 3,629
FORECLOSURE NOTICES 33 62 844
BUILDING PERMITS 160 530 6,865
BANKRUPTCIES 73 234 2,641
BUSINESS LICENSES 34 83 1,147
UTILITY CONNECTIONS 105 389 3,831
MARRIAGE LICENSES 0 46 669

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