Pensacola mill hurts IP profits

The Associated Press reports that International Paper reports solid international demand.

However:

The company said global demand for paper and packaging continues to grow, but earnings were hurt by higher raw material costs, planned maintenance outage costs, and expenses at its Pensacola, Fla., mill related to maintenance and the conversion of a paper machine to lightweight linerboard production.

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Author: Rick Outzen

Rick Outzen is the publisher/owner of Pensacola Inweekly. He has been profiled in The New York Times and featured in several True Crime documentaries. Rick also is the author of the award-winning Walker Holmes thrillers. His latest nonfiction book is “Right Idea, Right Time: The Fight for Pensacola’s Maritime Park.”