Hold on to your hats, ChumCity! International Paper is dropping a cool $250 million on its Riverdale Mill in Selma, Alabama! They're transforming their #16 paper machine into a containerboard-making machine – that's the tough stuff that keeps your online shopping safe and sound in corrugated boxes. Think Amazon deliveries, folks! This upgrade is part of a bigger plan to focus on eco-friendly packaging. Looks like International Paper is going green! Get ready for some serious construction! They're aiming to wrap up the Riverdale makeover by the third quarter of 2026. While Selma's celebrating, it's not all good news. International Paper is closing some Georgia facilities, including mills in Savannah and Riceboro. A Savannah packaging plant and Riceboro timber operations are also on the chopping block. Sadly, these closures, set for completion by September 2025, mean about 1,100 jobs are impacted. They'll also cut International Paper's containerboard capacity by around a million tons annually. Based in Memphis, International Paper is a global giant with over 65,000 employees and locations in 30+ countries.Big Bucks for Bama: International Paper's Selma Upgrade!
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