"The decision to shutdown this machine will enable us to match our production to our customer needs and limit our exposure to high fiber and other input costs in the area," said Carol Roberts, SVP of IP's Industrial Packaging business. "Nevertheless, this decision will impact very good, hardworking people, and we are taking steps to support them."
Approximately 60 jobs will be impacted at the mill as a result of the machine shutdown. The company will provide severance and outplacement assistance to affected employees.
Key grades produced on the No. 3 machine will be transitioned to other mills to meet customers' needs. Prior to the shutdown of Valliant PM 3, IP's North American containerboard production is about 11.5 million tpy.
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