Memphis, Tennessee based International Paper (IP) will invest $175 million during the next 10 years in its Eastover, South Carolina mill. The investment will support cost efficiency as well as environmental and maintenance initiatives, according to a news release from Richland County.
“International Paper’s ongoing investment in its Richland County operations is a testament to the success a business can experience in our community due to our business-friendly environment and skilled workforce,” said Richland County Council Chair Paul Livingston in a news release. “With this $175 million investment, the company is demonstrating a commitment to continued reinvestment in our area.”
The Eastover facility has approximately 700 employees and contributes around $90 million in annual economic impact, according to the release. The plant manufactures uncoated freesheet paper and pulp that is converted into products used for education, communication and hygiene.
“Our planned investment represents our ongoing focus on maintaining safe and reliable operations, meeting the needs of our customers and providing good jobs to the region,” said Hai Ninh, Eastover Mill Manager. “We are grateful for the support of county leaders and our community partners as they play an important role in our success.”