INTERNATIONAL PAPER EXPLOSION FOLLOW-UP 2-27-17

International Paper says it will take up to three months and 50 million dollars to recover from the January 22nd explosion at their Cantonment mill. The explosion caused significant structural damage to the largest pulp digester and the power house. The power house has been restarted, and the mill was able to resume partial operations. However, IP said full operations in will not resume during the first quarter of 2017. The company said it has property damage and business interruption insurance to cover some of the losses.

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