Georgia-Pacific to Shut Down GP Cellulose Memphis Mill
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Georgia-Pacific's fibre and pulp subsidiary GP Cellulose will permanently close the Memphis Cellulose cotton linter pulp mill and the Technology and Innovation Center in Memphis, Tennessee.
"This decision was influenced by various factors, including challenging market conditions for the facility’s products," Georgia-Pacific said.
The announced closure will affect 130 employees at the cellulose mill and 22 employees at the technology center. Most positions are to be terminated by early December, according to the company statement.
Georgia-Pacific reportedly considered all available options for Memphis Cellulose, including selling the mill. "It is our intent to leave the mill and other facilities in a sellable condition for some time should there be an interested buyer following this announcement," the company explained.
Georgia-Pacific acquired the cotton linter pulp mill in Memphis in the takeover of Buckeye Technologies in 2013.
Source: Euwid Pulp and Paper
