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International Paper Co ( (IP) ) has provided an announcement.
International Paper announced the closure of its containerboard mills in Riceboro and Savannah, Georgia, as part of its 80/20 strategic approach to streamline operations and reduce costs. This move will impact approximately 980 employees, and the company is committed to providing support through severance packages and outplacement assistance.
More about International Paper Co
International Paper is a global leader in sustainable packaging solutions, headquartered in Memphis, Tennessee, with EMEA headquarters in London. The company employs over 65,000 people and operates in more than 30 countries, focusing on the North American and EMEA regions. In 2025, it acquired DS Smith, enhancing its position in the packaging industry.
Learn more about IP stock on TipRanks’ Stock Analysis page.