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Article: Scott Paper announces $475 million investment in its coated paper business.
- Article from:
- PR Newswire
- Article date:
- November 16, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. 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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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 ...