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News Breaks
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January 12, 2012
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| 08:05 EDT |  | BKI |
| theflyonthewall.com: | Buckeye announces closure of Americana cotton linter pulp production line | | Buckeye Technologies announced the closure of its Americana, Brazil cotton linter pulp production line. The company will work closely with its customers to continue to meet their needs from its Memphis, Tennessee facility. Buckeye's Chairman and CEO John Crowe said, “This closure has become necessary due to the facility’s uncompetitive cost position for the products it makes. This is primarily driven by the high cost of its cotton linter raw material supply. It is unfortunate that this closure will result in the termination of employment for approximately 60 dedicated employees. We have owned and operated the facility since 2000, and we value and appreciate the many contributions of the organization over the past 12 years. Buckeye will continue to operate the waste water treatment facility for the shared industrial site while we continue discussions with interested parties for the sale of the facility." :theflyonthewall.com |
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