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Memphis, Tennessee-based International Paper (IP) plans to increase a planned investment in its Riverdale Mill in Dallas County to $552.7 million as it optimizes the facility’s product mix and boosts productivity.
In September 2017, IP announced plans to invest around $300 million at the plant as part of a strategic plan to grow its industrial packaging business.
The additional investment expands on those plans to convert a line making uncoated freesheet, or copy paper, to the production of high-quality whitetop and kraft linerboard, as well as containerboard. These products are important to the packaging industry, which is experiencing a boom due to surging levels of e-commerce.
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