International Paper is potentially building a
sustainable packaging facility in Salt Lake City, Utah as part of its commitment to sustainable manufacturing expansion. The new facility aims to serve the growing West Coast market. This information was revealed as the company moves forward with different strategic measures for growth and long-term sustainability. The company also recently closed its Texas plants, cutting around 117 jobs. There have also been closures of 5 packaging sites in the UK as part of a
strategic growth initiative in North America. Coverage initiated by UBS was met with a stable buy rating due to positive growth outlook. The company completed the acquisition of
DS Smith Plc, causing IP to declare exclusive negotiations to divest five European corrugated box plants for regulatory commitments.
Q1 results were reported, revealing significant measures taken in the company's ongoing transformation. Despite setbacks like closed plants and job losses, International Paper maintains an industrious approach towards visionary goals and sustainability practices. The company's recent changes in leadership and current trajectory suggest a confident future.
International Paper IP News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Thu, 05 Jun 2025 12:03:00 GMT -
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