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CEO of International Paper Assures Franklin, Va., That Mill Will Stay.
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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September 22, 1999
- Author:
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Copyright informationCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Sep. 22 -- FRANKLIN, Va. -- The president and chief executive officer of International Paper Co. assured jittery city residents yesterday that the company was hurrying to reopen a severely flooded paper mill that is Franklin's single largest employer.
John Dillon's remarks at a town meeting were balm for Franklin, which has been buzzing with rumors that New York-based International Paper would simply cut its losses and close the mill. The company acquired the mill only this year in a merger with the longtime owner, Union Camp Corp.
Dillon, tieless and in shirtsleeves, told the crowd of Franklin residents and business owners that ...
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