Board Converting News, February 1, 2021

IP To Invest (CONT’D FROM PAGE 1 )

Core Competency

Bogalusa Mill Manager, Bernie Chascin. “We are grateful for the support of Louisiana leaders and our community partners who play an important role in our success,” he said. “The plentiful fiber resources and hardworking peo- ple of Louisiana have made doing business here a worth- while investment for over a century, and that is why we continue to invest today.” Since making an initial $44 million capital investment in crane and wood-chipping technology in 2012, IP has in- creased the number of direct employees in its Bogalusa workforce from 411 to 492, a nearly 20 percent gain. Louisiana Economic Development began formal dis- cussions about the Bogalusa Mill project plan with Inter- national Paper in March 2020. To secure the project, the State of Louisiana offered a competitive incentive pack- age that includes a $500,000 Modernization Tax Credit, and the company also is expected to utilize the Industrial Tax Exemption Program. “Upon hearing the news of International Paper’s plans to invest millions of dollars into the mill and into our com- munity, I was elated,” Bogalusa Mayor Wendy O’Quin-Per- rette said. “This is a significant reinvestment by Interna- tional Paper that will affect the lives of every citizen in the City of Bogalusa. By securing nearly 500 jobs, we look for- ward to the economic prosperity this investment will bring to our community for many years to come.”

BloApCo Floor Shredders easily handle Cores and Sheet Waste

▲ All converting scrap handled by one BloApCo Shredder. ▲ Energy efficient. Low HP. Low RPM. Low noise. ▲ Industry leading 3-year warranty.

See the video at : BloApCo.com/horizontal-floor-shredder

www.bloapco.com 800.959.0880

© Blower Application Company, Inc., Germantown, WI 2020

“Chucks are working great - VERY happy with them.”

“New jaws (chucks) have been a huge relief to this plant.”

“The (Clean Print) system is awesome and very simple to use.”

Products

“The ink just runs off with the 5G! Love the way it works.”

Scan here to learn more about our products and services.

4

www.boardconvertingnews.com

February 1, 2021

Made with FlippingBook - professional solution for displaying marketing and sales documents online