International Paper (IP) is making significant moves involving its facility alignments, sustainable expansion efforts, and strategic initiatives. The company announced closures of multiple packaging sites in the UK, Texas plants, and other facilities, leading to job cuts. However, it also affirmed several new expansions, including a Sustainable Manufacturing Expansion in Utah and building a New Sustainable Packaging Facility in Salt Lake City.
IP has completed the
acquisition of DS Smith, leading to key executive changes and plans to divest five European Corrugated Box Plants. Despite potential growth signals,
IP missed its Q1 sales targets. The company is looking to stay the course despite the economic uncertainty and demand.
DS Smith's CFO will move into a 'newly created role' amid these changes. In all,
IP is taking crucial steps toward sustainable growth, evidenced by groundbreaking for a Greenfield Packaging Facility in Waterloo, Iowa, and a proposed $200M Sustainable Packaging Plant in Iowa, despite also facing the realities of closures and job cuts.
International Paper IP News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Tue, 17 Jun 2025 13:32:32 GMT -
Rating -3
- Innovation 2
- Information 8
- Rumor -2
