NYSE:IPPackaging
International Paper (IP) Is Down 7.1% After Georgetown Closure And Regional Split Plan - What's Changed
International Paper has already decided to permanently close its Georgetown, South Carolina container plant by year-end 2026, after earlier shutting its local pulp and paper mill and selling its global cellulose fibers business, while also facing higher natural-gas costs from recent winter storms.
At the same time, the company is preparing to split into two independent regional businesses, North America and EMEA, shifting away from global packaging deals toward a leaner, region-focused...