Temple-Inland will close its box plant at Ga. 20 and Mays Bridge Road in Floyd County by Dec. 21, eliminating 91 jobs, company officials announced Wednesday.
The company’s paper mill operations and sawmill operations at the same location are not affected, company officials said.
“The decision to close the box plant is a difficult one, and we regret the loss of jobs,” Dennis Vesci, Temple-Inland’s group vice president of Corrugated Packaging Operations, said in a statement released by the company. “Current market conditions are driving this decision, and in no way is the closure a reflection on the hard-working, capable and competent workforce at the Rome facility.
“However, in order to maintain a competitive position in our markets, we will remain focused on our strategic initiatives — to further increase asset utilization, improve operating efficiency and lower costs in our box plant system.”
“The Atlanta/Southeast market is important for Temple-Inland,” Vesci said. “The company is well positioned with a number of box plants in the Southeast to serve the needs of our customers.”
Temple-Inland is scheduled to announce third-quarter earning results Tuesday. In July, the company reported a $58-million drop in second quarter net income compared to a year ago.
Temple-Inland closed at $7.01 per share on the New York Stock Exchange on Wednesday, down almost 13 percent.
ROME NEWS TRIBUNE