Sylvamo Corp ( (SLVM) ) has issued an announcement.
Sylvamo Corporation and International Paper have mutually agreed to terminate their Georgetown Supply Agreement, effective December 31, 2024, as International Paper plans to discontinue operations at the Georgetown mill. Sylvamo is proactively transitioning its production to other mills to ensure continued supply to customers and is focused on growing earnings and cash flow through strategic investments. This move is part of Sylvamo’s broader strategy post its 2021 spin-off from International Paper.
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