Latest news with #InternationalPaper
Yahoo
5 days ago
- Business
- Yahoo
International Paper explores new sustainable packaging facility in Utah, US
Sustainable packaging company International Paper (IP) is considering the establishment of a new facility in Salt Lake City, Utah, US. This initiative aligns with the company's strategic growth plans to enhance its manufacturing capabilities across the US. It follows the recent ground-breaking of another packaging facility in Waterloo, Iowa. The company aims to increase its presence in the region and seeks to meet the rising demand for high-quality, sustainable packaging solutions in the western US. International Paper's potential new facility in Utah would incorporate advanced technology and equipment. International Paper Packaging Group West vice-president and general manager John Berry said: "This exploration is part of Packaging Solutions North America's strategic growth initiative to enhance our regional manufacturing footprint in the US. "Salt Lake City would be a new market for IP and an opportunity to better serve existing customers in the region and grow strategically with new customers." Details regarding the proposed facility, including capital investment, size, and potential job creation, will be disclosed as the evaluation process progresses. Last month, International Paper announced a quarterly dividend of $0.46 per share for common stock and $1.00 per share for cumulative preferred stock, both for the quarter ending 30 June 2025. These dividends are scheduled for payment on 13 June to shareholders on record as of 23 May 2025. With headquarters in Memphis, Tennessee, and Europe, the Middle East, and Africa (EMEA) operations centred in London, UK, International Paper employs over 65,000 team members. The company operates in more than 30 countries and is dedicated to providing sustainable packaging solutions that contribute to global safety and productivity. In 2024, International Paper reported net sales of $18.6bn. The acquisition of DS Smith in 2025 has positioned International Paper as an industry leader in the North American and EMEA markets. "International Paper explores new sustainable packaging facility in Utah, US" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
International Paper considers sustainable packaging facility in Salt Lake City
International Paper (IP) announced the strategic exploration of a new sustainable packaging facility in Salt Lake City, Utah. The exploration of a prospective new facility is part of International Paper's strategic growth plans to expand manufacturing capabilities in the United States. The company is eyeing Utah to increase its footprint in the region and better serve customers by meeting the growing demand for high-quality, sustainable packaging. This announcement comes shortly after the company celebrated the groundbreaking of a new state-of-the-art sustainable packaging facility in Waterloo, Iowa. If pursued, this proposed new facility will feature cutting-edge technology and equipment to help enable International Paper's ability to deliver innovative and sustainable packaging solutions to a growing customer base in the western U.S. Specific information, including capital investment, facility footprint and potential employment opportunities will be shared at the appropriate time as part of the ongoing evaluation process. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on IP: Disclaimer & DisclosureReport an Issue Italy, Spain price hikes positive for Smurfit, International Paper, says Truist International Paper Updates Post-Offer Intentions with DS Smith International Paper Announces Restricted Stock Transactions for Directors Containerboard closures happening more quickly than expected, says BofA GP mill closure positive for containerboard names, says Truist Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-06-2025
- Business
- Associated Press
International Paper to Explore Building a New State-of-the-Art Sustainable Packaging Facility in Salt Lake City, Utah
MEMPHIS, Tenn., June 3, 2025 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a global leader in sustainable packaging, today announced the strategic exploration of a new sustainable packaging facility in Salt Lake City, Utah. The exploration of a prospective new facility is part of International Paper's strategic growth plans to expand manufacturing capabilities in the United States. The company is eyeing Utah to increase its footprint in the region and better serve customers by meeting the growing demand for high-quality, sustainable packaging. This announcement comes shortly after the company celebrated the groundbreaking of a new state-of-the-art sustainable packaging facility in Waterloo, Iowa. 'This exploration is part of Packaging Solutions North America's strategic growth initiative to enhance our regional manufacturing footprint in the U.S. Salt Lake City would be a new market for IP and an opportunity to better serve existing customers in the region and grow strategically with new customers,' said John Berry, Group Vice President and General Manager, Packaging Group West. If pursued, this proposed new facility will feature cutting-edge technology and equipment to help enable International Paper's ability to deliver innovative and sustainable packaging solutions to a growing customer base in the western U.S. Specific information, including capital investment, facility footprint and potential employment opportunities will be shared at the appropriate time as part of the ongoing evaluation process. About International Paper International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tenn., USA, and EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ more than 65,000 team members and serve customers around the world with operations in more than 30 countries. Together with our customers, we make the world safer and more productive, one sustainable packaging solution at a time. Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired DS Smith creating an industry leader focused on the attractive and growing North American and EMEA regions. Additional information can be found by visiting Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements reflect management's current views regarding the potential development of a new packaging facility in Salt Lake City, Utah, and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that we will be unable to pursue or realize any anticipated benefits associated with the potential development of a new packaging facility in Salt Lake City, Utah as part of our strategic growth initiatives. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission ('SEC') on February 21, 2025, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations. View original content to download multimedia: SOURCE International Paper
The Independent
03-06-2025
- Business
- The Independent
Value of UK merger and acquisition deals jumps to highest level for two years
The value of UK merger and acquisition deals has risen to its highest level for more than two years, according to new figures. This was partly driven by more deals by international investors and companies to snap up UK-based firms over the first quarter of the year. The Office for National Statistics said a number of particularly large agreements helped increase the provisional value of all inward and outward M&A (merger and acquisition) deals to their highest level since late 2022. However, the number of domestic and cross-border deals including changes of ownership dipped to 395 for the three months to March, from 497 in the previous quarter. Statisticians highlighted that this included a reduction in activity in February, as some firms were cautious in the face of wider economic uncertainty. In March, Bank of England officials said in a report for the quarter: 'Mergers and acquisitions activity shows some signs of improvement, but growth is constrained by caution among buyers and sellers. 'Restructuring and insolvency activity remains slightly higher on a year ago.' The latest data showed that deals by foreign firms to acquire UK companies were worth £19.2 billion over the quarter, jumping from £15.2 billion in the previous period. This included the £3.3 billion deal by Danish brewing giant Carlsberg to buy J2O maker Britvic. The jump in the value of deals was also supported by the £5.8 billion takeover of paper and packaging firm DS Smith by US rival International Paper. Elsewhere, the value of outward M&A, where UK firms bought foreign companies, rose to £9.4 billion from £1.8 billion in the previous quarter.
Yahoo
31-05-2025
- Business
- Yahoo
Coal silo catches fire at International Paper site, officials confirm
GEORGETOWN COUNTY, S.C. (WCBD) – Fire crews responded to a fire at the International Paper site in Georgetown County Saturday, officials confirmed. At 2:55 p.m., crews responded to the scene and saw heavy black smoke coming from a large coal silo. Responders deployed handlines and entered the silo finding a heavy fire load on the coal conveyor system, according to Brandon Ellis, emergency service director for Georgetown County. The fire was spreading vertically. Firefighters responded with an aggressive attack, and the flames were brought under control. No injuries were reported from the situation, and damage was contained to the original silo, Ellis said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
