International Paper to shut more US facilities
International Paper, a sustainable packaging solutions provider, is set to close more plants in the US by the end of the third quarter of 2026. Operations due
International Paper, a sustainable packaging solutions provider, is set to close more plants in the US by the end of the third quarter of 2026.
Operations due for closure are its sheet plant in Aurora, Illinois and preprint activity at its Richwood, Kentucky site, along with converting facilities in Elk Grove, California, and Barrington, New Jersey.
Affected employees will receive outplacement support, severance and benefits.
To maintain supply, the company is transitioning impacted customers to alternative regional facilities.
Earlier this year, International Paper's packaging plants in Compton, California, and Louisville, Kentucky, ceased their operations. The closures affected 125 and 93 employees, respectively.
In 2025, it shut down the Red River containerboard mill in Campti, Louisiana; a recycling plant in Phoenix, Arizona; a box plant in Hazleton, Pennsylvania; and a sheet feeder facility in St. Louis, Missouri.
The company said the latest downsizing efforts are intended to streamline its operating network and direct spending towards "highest-value" areas.
It said the decision is in line with its plan to improve its cost base.
International Paper North America packag
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/international-paper-shut-more-us-094543581.html)
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