International Paper Co.
International Paper Announces Closure of North American Facilities
Summary
On February 11, 2025, International Paper Company announced the permanent closure of its North American Packaging Solutions facilities, including the containerboard mill in Campti, Louisiana, which is expected to result in pre-tax charges of approximately $357 million. The closure will reduce the company's containerboard capacity by approximately 814,000 tons annually and impact 481 employees. The company expects these charges to be recorded during the three months ending March 31, 2025. The decision is part of the company's transformation journey to focus on more efficient facilities.
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About International Paper Co.
International Paper Co. is a leading global producer of renewable fiber-based packaging, pulp, and paper products. Primarily serving the industrial packaging sector, the company plays a critical role in the supply chain for a variety of industries, providing essential materials for sustainable packaging solutions. Beyond industrial packaging, International Paper Co. is deeply involved in the production of pulp used in the making of personal care products, tissue, and other consumer-oriented goods. Through its expansive reach across North America, Latin America, Europe, and beyond, International Paper Co. adheres to sustainable practices, prioritizing renewable resources and environmentally friendly processes. Established in 1898 and headquartered in Memphis, Tennessee, the company is a significant player in the global forest products industry. Its commitment to sustainability and innovation helps meet the world's packaging needs while minimizing environmental impact, making it a key influencer in promoting ecological consciousness within the financial markets.
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