All articles tagged with #international paper
Originally Published 4 months ago — by Yahoo Finance
International Paper announced the closure of two Georgia mills, resulting in 1,100 layoffs, as part of a strategic shift to focus on its packaging business, including selling its pulp division and expanding cardboard production in Alabama.
Originally Published 4 months ago — by WTOC
International Paper announced the closure of its Savannah and Riceboro locations by the end of September, impacting about 1,100 jobs, as part of its strategic transformation, with support measures in place for affected employees.
Originally Published 4 months ago — by PR Newswire
International Paper announced strategic changes including selling its Global Cellulose Fibers business for $1.5 billion, investing $250 million in the Riverdale mill, and closing several mills in Georgia, aiming to improve cost efficiency and focus on sustainable packaging solutions.
Originally Published 1 year ago — by The Guardian
US-based paper producer International Paper has put forward a £5.7bn takeover proposal for UK packaging company DS Smith, challenging the previously agreed £5.14bn deal with British rival Mondi. DS Smith's shares rose 7.4% following the proposal, which would see its shareholders owning just over a third of the combined company. The potential bidding war could lead to a UK-based packaging company worth more than £10bn, with both companies touting the strategic merits and value creation of a potential combination.