International Paper Plans to Modernize Its Containerboard Mill in Rome, Georgia
IP plans to modernize its containerboard mill in Rome, Georgia in phases over the next three years.
Sept. 17, 2013 - The Rome-Floyd County Development Authority (Georgia, USA) has approved a resolution whereby International Paper, after filing for taxable revenue bonds, indicated that it would like to expand and/or modernize its containerboard mill in Rome, Georgia.
According to the resolution, IP “has indicated that the Plant may be eligible for an expansion through the acquisition and installation of additional machinery, equipment and other personal property designed to modernize operations at the Plant which would occur in three different phases over the next three years and would require additional capital expenditures in the County of between $100,000,000 and $150,000,000.”
Specific details about upgrades for the mill were not disclosed by IP or in the resolution approved by the Develoment Authority.
“I am proud that one of our oldest industries is continuing to invest in their operations in our community,” said Irwin Bagwell, Floyd County Commission Chairman.
Rome Mayor Evie McNiece, added, “As one of our largest and highest-paying manufacturers, this continued investment continues to attract the jobs we need for our community.”
The Rome mill, which is situated on the Coosa River, produces about 850,000 tons per year of containerboard and was previously owned by Temple-Inland until IP acquired the company in early-2012.
SOURCE: Rome News Tribune and Rome-Floyd County Development Authority