International
Paper plans on investing $20 million to upgrade its Ticonderoga, N.Y., mill.
The upgrade will
allow machines at the mill to produce higher grades of paper. The upgrade will
allow the company to more seamlessly move work being done at IP’s Lock Haven,
Pa., mill. That mill is one of three IP mills slated to be closed as a
cost-cutting measure.
The investment will
not change the number of jobs created at the mill, and production will remain unchanged.
The upgrade is expected
to be complete by early next year. The mill will be IP’s primary producer of heavier
stock paper used in color printers.
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