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Stock Market & Financial Investment News

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November 25, 2013
08:02 EDTTISOrchids Paper announces new paper machine and converting line projects
Orchids Paper announced its plans to invest $30.4M to upgrade its paper making and converting assets in Pryor, Oklahoma. The paper mill project will replace two existing paper machines and start-up in approximately 20 months. The converting line project is an upgrade to an existing asset and will improve manufacturing flexibility and capacity with a lower cost structure. This project is expected to be completed by the end of 2014 and to generate an additional annual EBITDA of $2.8M-$3.4M when fully utilized.
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