(Photo Credit: International Paper)
Manufacturers have announced a series of investments so far in 2018, including the construction of new facilities or upgrades and expansions to existing ones. Ford Motor Company recently announced a $25 million upgrade to its facility in Louisville, Kentucky, and FedEx is planning a nearly $1 billion investment to expand its hub in Indianapolis.
U.S.-based paper manufacturer International Paper announced this month that it will be spending more than $500 million to upgrade its facility in Selma, Alabama, to meet growing market demand for its products:
International Paper Company recently announced that it will almost double planned investments in the Alabama factory in order to meet consistently growing market demand. The paper and packaging firm will increase its planned investment from $300 million to $552.7 million in its Riverdale Mill in Selma, AL.
The company intends to convert its No. 15 paper machine in Selma to manufacture white top linerboard and containerboard, which have a strong customer base.
The National Association of Manufacturers visited International Paper’s facility in Indianapolis, Indiana, for the 2018 State of Manufacturing Tour on Wednesday and will be touring Alabama on Thursday to share the incredible success stories of modern manufacturing and highlight the profiles of America’s manufacturing workers. Visit Shopfloor.org/Media-Hub for social media highlights from #MFGTour2018!
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