In a recent overview of key events impacting International Paper Company (IP), it was noted that the firm has undergone some significant changes in recent years. IP closed five UK locations, leading to a loss of 300 jobs, but also made significant strides in its growth initiative in North America. Their strategic vision for 2027 was revealed, along with plans for integrating DS Smith into their business structure. Recently, IP also celebrated the groundbreaking of a new packaging facility in Waterloo, Iowa, and declared a quarterly dividend of $0.4625. Further, IP decided to divest from five European corrugated box plants, finalized their merger with DS Smith, and made changes in their leadership. Alongside these transformative initiatives, IP missed its Q1 sales targets, but held steady despite market pressures. Unfortunately, the plan also led to the closure of four US plants, resulting in a 1% reduction in their global workforce. The recent divestments and merger approvals were made in line with European regulations, and the company reported strong turnaround after these leadership alterations, reaffirming their price target amid PPI Europe updates.
International Paper IP News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 20:50:46 GMT - Rating 4 - Innovation 7 - Information 6 - Rumor 3
