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International Paper to Cease Pulping Operations at Louisiana Mill After $10 Million Conversion

SUGAR LAND--December 1, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Forest products giant International Paper (NYSE:IP) (Memphis, Tennessee) has announced plans to immediately idle pulping operations at a mill in Bastrop, Louisiana. The company cited declining demand for pulp from international markets coupled with a weak global economy as reasons for the mill closure.

Other companies featured: Weyerhaeuser (NYSE:WY)

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Industry Segment: Pulp & Paper
Word Count: 287 Words

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