International Paper (IP) is amidst a period of significant strategic and operational adjustments. The company is undergoing a review of its
Global Cellulose Fibers Business with a possibility of closures and layoffs, including the Georgetown, S.C. Pulp and Paper Mill. This mill closure is estimated to cost 674 jobs and has spurred interest from developers. This move is part of IP's reconstructing initiative aimed to optimize operations.
Despite closures and layoffs, IP's financial prospects are on a dynamic scale. The
Acquisition dreams of the company have faced a major setback with DS Smith merger being pushed to 2025. However, they have announced definitive proxy statement for this acquisition and the shareholder approval for combining with DS Smith. Amidst these merger talks, the company has dismissed the $15B offer from Brazilian company, Suzano.
Though the shares' price has witnessed fluctuations, some significant investors including
Barclays PLC and
National Bank of Canada FI have demonstrated faith in IP. Moreover, a sustainable packaging breakthrough with 25x fiber recycling potential and the company announcing long term
investment for nature conservation reflects its commitment towards sustainability.
International Paper IP News Analytics from Tue, 19 Mar 2024 07:00:00 GMT to Fri, 13 Dec 2024 10:40:57 GMT -
Rating -5
- Innovation -4
- Information 2
- Rumor -2
