$40 million capital plan unveiled for GP plant here

The Foley Leadership Team (FLT) is working closely with GP Cellulose Manufacturing Leadership to finalize the Foley Cellulose Mill’s 2015 Capital Plan, which includes more than $40 million in significant investments to the Taylor County facility’s assets in 2015.

The investments are focused in the areas of critical hazard risk reduction, compliance and “needle mover” projects that directly affect the financial capability of the Foley Cellulose mill, company officials said Thursday. The $40 million in capital investments will result in $25 million in direct cost savings to Foley’s financial bottom line.

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