IP's Pensacola Mill Resumes Full Operations
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International Paper (Memphis, Tenn., USA) reports that its Pensacola Mill in Cantonment, Fla., has successfully resumed full operations following a digester incident that occurred on Jan. 22, 2017. The company, with the assistance of independent third-party experts, has implemented enhanced procedures and protections across the enterprise to prevent the recurrence of such an incident.
"We are pleased to report that full operations at our Pensacola site have resumed," said Tim Nicholls, SVP, International Paper. "Our primary focus remains on ensuring the health and safety of our employees, contractors, and community members, along with providing our customers the excellent service they have come to expect," added Nicholls.
Including capital expenses, the company estimates total costs related to the incident will be between $80 and $120 million. The majority of these costs are expected to be recovered through insurance coverage.
International Paper is a global producer of renewable fiber-based packaging, pulp, and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia, and Russia. The company produces packaging products that protect and promote goods and enable world-wide commerce; pulp for diapers, tissue, and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups, and food containers that provide convenience and portability. IP has approximately 55,000 employees located in more than 24 countries. Its net sales for 2016 were $21 billion.
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