Article: Scott Paper announces $475 million investment in its coated paper business.

SCOTT PAPER ANNOUNCES $475 MILLION INVESTMENT

IN ITS COATED PAPER BUSINESS

PHILADELPHIA, Nov. 16 /PRNewswire/ -- Scott Paper Co. (NYSE: SPP) today announced an approximately $475 million investment program designed to continue its strategic plan to strengthen and grow the coated paper business of its S.D. Warren subsidiary.

The program includes a third advanced-technology lightweight coated paper machine at its Somerset paper mill in Skowhegan, Maine, and the rebuild of its largest heavyweight coated paper machine at its Muskegon, Mich., mill.

According to the company, the investment will increase Scott's ...

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