International Paper to shut two packaging plants on weak demand (NYSE:IP)

Core Viewpoint - International Paper (IP) is closing packaging plants in Compton, California, and Louisville, Kentucky, as part of a cost-cutting strategy in response to weak demand [4] Group 1: Company Actions - The closure of the facilities is set to be completed by January 2026 [4] - A total of 218 employees will be affected by the plant closures [4] Group 2: Industry Context - The decision to consolidate operations reflects the current weak demand environment in the packaging industry [4]