Temple-Inland to spend $250 million on box upgrades, close 12 plants

摘要

Temple-Inland (TIN) is planning to invest $250 million in upgrading its corrugated box plant system over the next several years in a program that would result in the closure of 12 box plants, chmn and CEO Doyle Simons told analysts on Tuesday. "We are confident that we can further significantly drive down the cost structure of our box plant system through additional steps to improve our asset utilization," he said.