International Paper to Close 3 Mills
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International Paper has announced its intent to shut down three mills in Franklin, Va., Pineville, La., and Albany Ore., with about 1,600 employees expected to be affected by the closures. The company also announced plans to shut down its No. 3 machine at its Valliant, Okla. containerboard mill, resulting in a reduction in the company’s North American paper and board capacity of 2.1 million tons.
“We recognize these are very difficult decisions affecting our employees, their families and the communities surrounding these mills,” said John Faraci, chairman and CEO.
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