2023-05-02 16:29:34 ET
WestRock ( NYSE: WRK ) will permanently shut down its paper mill in North Charleston, South Carolina, on August 31, and eliminate about 500 jobs, the company said on Tuesday.
The company said it intends to exit the unbleached saturating kraft paper business when the mill shutdown is completed.
WestRock said the combination of high operating costs and need for significant capital investment were among reasons to shut down the mill.
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WestRock to close paper mill in South Carolina permanently, 500 positions terminated