International Paper to close 4 facilities, affecting 674 employees

"Big changes at International Paper as they shut down four facilities, affecting 674 jobs. The closures include a containerboard mill in Louisiana and plants in Pennsylvania, Missouri, and Arizona, cutting 800,000 tons of capacity. IP says this is part of a broader optimization plan under CEO Andy Silvernail, aiming for a more profitable future. But here’s the industry insight—this move could tighten North American containerboard supply, potentially pushing up prices. For packaging producers, that means higher costs but possibly stronger margins. Stay tuned as IP’s transformation continues!"https://www.packagingdive.com/news/international-paper-facility-closures-layoffs/740056/

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