International Paper (IP) is undergoing significant strategic changes encompassing both their global operations and management structure. The company is pushing for a merger with
European firm DS Smith, though the closure of the deal has been delayed. As part of its restructuring efforts, IP is conducting a strategic review of its
Global Cellulose Fibers Business and has also announced the
closure of several facilities including the
Georgetown pulp and paper mill. The company has experienced multiple rounds of layoffs with a total of 674 jobs cut.
IP's recent quarterly results have been strong and in-line with estimates, but there are still concerns over the company's trajectory in the near term. Senior leadership
changes have been a notable focus, with the naming of Tom Hamic to a new leadership role among the decisions.
Brazilian paper company Suzano has reportedly expressed interest in purchasing IP, however negotiations have ultimately ended. Finally, International Paper stands committed to sustainability as shown by their recent $15.3 million investment in conservation partnerships.
International Paper IP News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Thu, 09 Jan 2025 14:40:05 GMT -
Rating 3
- Innovation 2
- Information 7
- Rumor -5
