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International Paper Announces Strategic Actions to Close Containerboard Mill in Texas & Cease Production on 2 Pulp Machines

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International Paper recently announced a series of actions to strengthen and optimize its manufacturing system to meet customers’ needs. Oct 18, 2023 International Paper recently announced that it will permanently close its containerboard mill in Orange, Texas, and will permanently cease production on two pulp machines – the #20 machine......
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IP Announces Opening of its Atglen Corrugated Packaging Facility

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International Paper announced the grand opening of its Atglen, US-based, new state-of-the-art corrugated packaging facility. Sep 18, 2023 International Paper (IP) announced the grand opening of the newest state-of-the-art corrugated packaging facility in Atglen, US. The new USD 100 million facility will produce corrugated packaging for produce, processed food, beverage,......
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International Paper to Sell its 50 percent Ownership in ILim Russia for USD 484 Million

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IP has agreed to sell 50 percent of its ownership interests in Ilim SA, Russia, the holding company of its Ilim joint venture, to its joint venture partners for USD 484 million. February 24, 2023 International Paper (IP) has entered into an agreement to sell its 50 percent interest in......
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International Paper to Invest USD 103 Million in Iowa Containerboard Mill

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International Paper will invest USD 103 million for the construction of two natural gas-based boilers in its Containerboard Mill in Cedar Rapids, Iowa. The boilers will replace the existing steam-based boiler of the company and will become operational in 2025. February 23, 2023 International Paper (IP) will invest approximately USD......
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International Paper to Spin-off Printing Papers Segment

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The spin-off is being planned to boost International Paper’s profitable growth in industrial packaging in North America and Europe, the Middle East and Africa. December 7, 2020 International Paper (IP) has announced its plans to spin-off its printing papers segment to focus more on its industrial packaging segment. A standalone......
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Mondi to Acquire Turkish Corrugated Packaging Firm Olmuksan

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Following the completion of the transaction, Mondi will launch a mandatory tender offer to acquire the remaining 9.62% of outstanding shares in the Company held by minority shareholders. January 5, 2021 Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş......
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International Paper Further Dilutes 17.2 Percent Share in IP APPM

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International Paper Co., which earlier has sold off its controlling interest in India based writing and printing paper business International Paper APPM Limited (IP APPM) to West Coast Paper Mills Limited (WCPL) last year, has become a minority shareholder of IP APPM. June 26, 2020 As reported in a leading......
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Paper Companies Buoyed by Sales Improvement and Demand Pick-up

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Market leader JK Paper posted a 72 per cent jump in December quarter profit to Rs 120.26 crore this year, compared to Rs 69.81 crore in the corresponding quarter last year. February 22, 2019 Improved market conditions have improved sales and profitability of paper mills in the December quarter with......
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Smurfit Kappa Breaks Ground for New Recovery Boiler at Nettingsdorf Paper Mill

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As part of EUR 134 million investment plan, the new recovery boiler will increase the profitability and sustainability of the mill. October 23, 2018 Global packaging company Smurfit Kappa has marked the beginning of the rebuild of a recovery boiler with a ground-breaking ceremony at its Nettingsdorf Paper Mill in......