International Paper Announces Facility Closures

Core Viewpoint - International Paper announced the permanent closure of multiple facilities, including the Red River containerboard mill, to streamline operations and focus on sustainable packaging solutions [1][3]. Group 1: Facility Closures - The company will close the Red River containerboard mill in Campti, La., a recycling plant in Phoenix, Az., a box plant in Hazleton, Pa., and a sheet feeder facility in St. Louis, Mo., with all operations ceasing by the end of April 2025 [1]. - The closure of the Red River containerboard mill is expected to reduce containerboard capacity by approximately 800,000 tons annually [1]. Group 2: Employee Impact - A total of 495 hourly employees and 179 salaried employees will be affected by these closures [2]. - The company plans to minimize the impact on employees through attrition, retirements, and current vacancies at other locations, providing outplacement assistance and mental health support [2]. Group 3: Strategic Direction - The closures are part of International Paper's transformational journey to become a stronger sustainable packaging solutions company, focusing investments on facilities that enhance customer service and strategic initiatives [3]. - The company reported net sales of $18.6 billion for 2024 and has recently acquired DS Smith, positioning itself as an industry leader in the North American and EMEA regions [4].