International Paper details new box plant as part of turnaround strategy

"International Paper just wrapped up 2024 with $18.62B in sales, down 1.6% year-over-year, but there’s a twist: industrial packaging sales rose 0.7% in Q4 to $3.87B. CEO Andy Silvernail’s strategy reset is showing promise, with pilot programs boosting productivity by over 20%. Big moves include the DS Smith acquisition, a $110M cost-cutting plan, and a $500M greenfield box plant in Waterloo, Iowa, slated for 2026. Here’s the insight: this signals a shift toward hyper-localized production hubs near key clients, reducing freight costs and enhancing supply chain resilience—a game-changer for the paper packaging industry’s future."https://www.packagingdive.com/news/international-paper-q4-2024-earnings-waterloo-box-plant/738734/

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