The global packaging giant, **International Paper (IP)** announced significant **strategic changes** alongside second quarter earnings. The company's transformative steps include the **closure of multiple facilities** and layoffs affecting over 1,000 employees. The **divestiture** of its **Global Cellulose Fibers business** for $1.5 billion to American Industrial Partners(AP) is another significant move. The company is now departing from the **molded fiber business** and will be selling select sites in Mexico. In the face of these changes, International Paper continues to invest towards its growth initiatives in North America. This includes exploring the construction of a **new sustainable packaging facility** in Salt Lake City, Utah and constructing a greenfield packaging facility in Waterloo, Iowa. Despite the closures and the economic uncertainty, International Paper's CEO assures that momentum is picking up and their **growth strategy is still on track**. Underperformance against the consumer discretionary sector, earnings and revenue misses are some of the challenges IP has encountered. International Paper's decision to ignore local incentives to remain in Georgia has strained the state's timber industry.
International Paper IP News Analytics from Wed, 22 Jan 2025 08:00:00 GMT to Sat, 04 Oct 2025 01:30:02 GMT -
Rating -5
- Innovation 2
- Information 5
- Rumor 1
