International Paper to Close Terre Haute Mill Oct. 1
Aug. 7, 2007 - Following its original mill closure announcement in May, International Paper yesterday said it will officially close its Terre Haute, Indiana containerboard mill on Oct. 1.
IP said the decision to close the mill was the result of the company's study of options for strengthening its containerboard business.
According to IP, the study concluded Terre Haute's limited production capacity hindered the mill's long-term competitiveness. The company explored selling the mill, but, ultimately, the same limitations that made continued operations unfeasible made sale unfeasible as well.
"Today's announcement brings the mill's operations to a final close," said Glenn Landau, vice president and general manager of IP's containerboard business. "We know this has been a difficult period for our employees, but we commend them for their dedication and professionalism in continuing to operate well and safely. We will continue to work closely with all of the affected employees to provide them with services including severance and medical benefits, as well as job placement assistance."
The Terre Haute Mill employs approximately 170 people and annually produces approximately 200,000 tons of medium, a type of paperboard used in corrugated packaging. The mill began operations in 1917 and was acquired by International Paper in 1998 as part of the company's acquisition of Weston Wabash Company.
SOURCE: International Paper
See related story:
- International Paper to Close Terre Haute Containerboard Mill (5/23)