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International Paper to close several plants, refocus on sustainable packaging growth

Company Fundamentals
26 Jun 2026
PRNewsWire
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Neutral
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International Paper announced plans to close its preprint operations in Richwood, KY, and sheet and converting plants in Aurora, IL, Elk Grove, CA, and Barrington, NJ by Q3 2026. This move is part of a strategic effort to optimize its network, reduce costs, and focus investments on high-value sustainable packaging opportunities in North America. The company will support affected employees with severance and outplacement services and transition customers to other facilities to maintain supply continuity. These changes aim to strengthen International Paper's competitive position and long-term growth prospects in sustainable packaging.

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