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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 This material may not be published, broadcast, rewritten or redistributed.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 76 157 10,439
MORTGAGES 81 169 12,186
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 476 639 22,636
BANKRUPTCIES 58 122 7,212
BUSINESS LICENSES 16 35 3,640
UTILITY CONNECTIONS 35 148 7,812
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