International Paper (IP) announced the strategic exploration of a new sustainable packaging facility in Salt Lake City, Utah. The exploration of a prospective new facility is part of International Paper’s strategic growth plans to expand manufacturing capabilities in the United States. The company is eyeing Utah to increase its footprint in the region and better serve customers by meeting the growing demand for high-quality, sustainable packaging. This announcement comes shortly after the company celebrated the groundbreaking of a new state-of-the-art sustainable packaging facility in Waterloo, Iowa. If pursued, this proposed new facility will feature cutting-edge technology and equipment to help enable International Paper’s ability to deliver innovative and sustainable packaging solutions to a growing customer base in the western U.S. Specific information, including capital investment, facility footprint and potential employment opportunities will be shared at the appropriate time as part of the ongoing evaluation process.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IP:
- Italy, Spain price hikes positive for Smurfit, International Paper, says Truist
- International Paper Updates Post-Offer Intentions with DS Smith
- International Paper Announces Restricted Stock Transactions for Directors
- Containerboard closures happening more quickly than expected, says BofA
- GP mill closure positive for containerboard names, says Truist