International Paper Co. Announces Operational Changes

International Paper Co. has announced the closure of two paper mills in Georgia, USA. The affected facilities are located in the state and will cease operations, resulting in the loss of 1,100 jobs.

• The closure of the 90-year-old paper mill is part of the company’s efforts to achieve an advantaged cost position.
• The company aims to deliver a superior customer experience through these operational changes.

Strategic Continuity of Services Agreement

International Paper has entered into a strategic continuity of services agreement with Kraton’s Savannah, Georgia facility. This agreement ensures uninterrupted site services at the facility.

Business Sale

The company has agreed to sell its Global Cellulose Fibers business to American Industrial Partners. This sale will enable the business to focus on delivering industry-leading absorbent fluff pulp used primarily in personal care products.

• Key details of the sale:
  • Buyer: American Industrial Partners
  • Business: Global Cellulose Fibers
  • Primary use of products: Personal care products