Buckeye to Upgrade

Americana, Brazil, Plant

Memphis-based Buckeye Technologies Inc. has announced plans to invest about $18 million over 18 months at its Americana, Brazil, cotton cellulose manufacturing plant. The upgrade will enable the facility to produce a variety of specialty market pulps starting in fall 2005.

International Paper

to Acquire Box USA
International Paper Co. has agreed to acquire Northbrook, Ill.-based Box USA Holdings Inc., a corrugated packaging company, to strengthen its packaging operations. IP officials said the acquisition will give the company improved access to markets and better integration between mills and converting plants. Terms were not disclosed.

Memphis International

Gets $28.6 Million in Grants

The U.S. Department of Transportation has announced that Memphis International Airport will receive a $6.5 million grant and a $22.1 million grant to fund runway and taxiway improvements to accommodate FedEx Corp.s future fleet of A380 aircraft, considered the worlds biggest cargo plane.

Local Partnership Buys

Collierville Property

The Jason Crews Partnership has purchased part of phase four of Collierville Marketplace, located near Market Boulevard and West Poplar Avenue, for $8 million. Hackmeyer-Loeb Joint Venture is the seller.

CCC Board to Discuss

Ongoing Downtown Projects

At its regular monthly meeting at noon Friday, the Center City Commission board of directors will discuss a sports and entertainment district task force, Dumpster ordinance and the renovation of Court Square. The board also will hear a presentation on panhandling.