International Paper to Shut Four North American Facilities by Third Quarter of 2026 (IP)

International Paper (NYSE:IP) has announced plans to adjacent 4 facilities crossed North America by the extremity of the 3rd 4th of 2026 arsenic portion of efforts to optimise its manufacturing web and amended semipermanent competitiveness.

According to a property merchandise issued connected 26 June 2026, the institution volition discontinue preprint operations astatine its Richwood, Kentucky facility, adjacent its expanse works successful Aurora, Illinois, and cease operations astatine its converting plants successful Elk Grove, California, and Barrington, New Jersey.

Tom Hamic, Executive Vice President and President of Packaging Solutions North America, said: "These are hard but indispensable decisions that fortify our network, absorption investments wherever they make the top worth and presumption International Paper to amended service customers and vie for the agelong term. We are grateful to the employees affected and are committed to supporting them done this modulation and ensuring a seamless acquisition for our customers."

International Paper said employees impacted by the closures volition person severance packages, continued benefits and outplacement enactment to assistance with their transition. The institution besides plans to determination lawsuit accumulation to different facilities wrong its determination web to minimise disruption and support continuity of supply.

International Paper banal terms