International Paper Announces Closures
International Paper (IP), a major player in the packaging and recycling industry, recently announced the closure of four facilities, affecting nearly 700 employees. The sites shutting down include a containerboard mill in Louisiana, a recycling center in Arizona, a box plant in Pennsylvania, and a sheet feeder facility in Missouri. These closures are expected to significantly reduce the company’s containerboard production.
This decision follows other shutdowns by IP in the past year, including several packaging and corrugated plants across multiple states. The company has also implemented workforce reductions at its headquarters. Leadership has pointed to declining profitability and market share as key challenges.
For small businesses relying on cardboard packaging, these closures could mean potential shifts in supply availability and pricing. Now is a good time to assess supplier relationships, explore alternative sources, and consider how changes in the packaging industry might impact your costs and sustainability goals. A direct business relationship with a recycling broker like Greene Recycling is always your best bet for your cardboard bale pickup route!