International Paper to shut down three mills

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On 22 October 2009 – International Paper announced plans to close its paper mill and associated operations in Franklin, Virginia in the US, and its containerboard mills in Pineville, Lousiana and Albany, Oregon as well. The company also announced it would permanently shut down the previously idled No. 3 machine at its Valliant, Oklahoma, containerboard mill. The Valliant mill’s other two machines will continue to operate. These permanent shutdowns will reduce the company’s North American paper and board capacity by 2.1 million tons.
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