International Paper (IP) is undergoing a major business transformation, with several significant moves reported. The company is reportedly in strategic review of its
Global Cellulose Fibers Business, while also announcing multiple mill closures and layoffs in several locations. The
DS Smith merger stands as an integral part of its future plans, with shareholder approval already received, but closing pushed to 2025 amid IP's internal turnaround efforts.
Sustainability is also a key agenda for the company, which leads the U.S. recycling revolution with 7 million tons of fiber processed. However, the termination of the Georgetown Supply Agreement with Sylvamo suggests a shaky path ahead. Moreover, Brazilian paper company Suzano was in the news for a potential $15B offer, which has apparently been called off. Despite a tumultuous phase, IP's commitment to nature is reflected through a $15.3 million investment in conservation partnerships. Lastly, the role shuffling within the executive team, including the appointment of a new Packaging President and other senior leadership changes, indicates an organizational reset.
International Paper IP News Analytics from Wed, 27 Mar 2024 07:00:00 GMT to Mon, 16 Dec 2024 17:45:00 GMT -
Rating -5
- Innovation 4
- Information 7
- Rumor 0
