Latest news with #JohnBerry
Yahoo
7 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.
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
Yahoo
12-05-2025
- Business
- Yahoo
International Paper Celebrates the Groundbreaking of Greenfield Packaging Facility in Waterloo, Iowa
MEMPHIS, TN / / May 12, 2025 / International Paper (NYSE:IP)(LSE:IPC), a global leader in sustainable packaging, is proud to announce the groundbreaking of its new state-of-the-art sustainable, packaging box plant in Waterloo, Iowa. Located in the heart of the Midwest, the new facility will primarily focus on serving the protein segment, providing tailored packaging solutions and meeting the growing demand for high-quality, sustainable packaging. "We are thrilled to break ground and invest in our company and the city of Waterloo," said John Berry, Group Vice President, International Paper. "This facility represents our dedication to growing in markets where we want to compete, advancing our capabilities and ensuring our customers receive quality and reliable products. We look forward to our continued future in Waterloo and are very grateful to everyone who has made today possible." The Waterloo box plant will feature cutting-edge technology and equipment, enabling International Paper to deliver innovative and sustainable packaging solutions. The plant's design incorporates the latest safety practices and industry technology. The new facility is currently scheduled to begin operations in the fourth quarter of 2026 and create an estimated 65 new jobs to the current facility with a total of 190 team members. About International PaperInternational Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, 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 Media ContactsAmy 901-419-4964 View additional multimedia and more ESG storytelling from International Paper on Contact Info:Spokesperson: International PaperWebsite: Email: info@ SOURCE: International Paper View the original press release on ACCESS Newswire 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
Yahoo
05-05-2025
- Business
- Yahoo
International Paper begins construction of packaging plant in Iowa
Sustainable packaging solutions provider International Paper has initiated the construction of a new packaging facility in Waterloo, Iowa, US. This new greenfield US box plant is strategically positioned in the Midwest and will concentrate on catering to the protein industry by offering custom packaging solutions that align with the increasing demand for sustainable packaging options. The Waterloo plant will be equipped with advanced technology and machinery, enabling International Paper to produce eco-friendly and innovative packaging products. International Paper noted that the facility's design incorporates contemporary safety standards and the latest technological advancements in the industry. Operations at this new plant are expected to commence in the last quarter of 2026. It is projected to bring approximately 65 additional jobs to the existing workforce, expanding the team to a total of 190 members. International Paper Group vice-president John Berry said: 'We are thrilled to break ground and invest in our company and the city of Waterloo. 'This facility represents our dedication to growing in markets where we want to compete, advancing our capabilities and ensuring our customers receive quality and reliable products. 'We look forward to our continued future in Waterloo and are very grateful to everyone who has made today possible.' Last month, International Paper entered into exclusive discussions with Germany-based PALM Group for the sale of five corrugated packaging facilities in Europe. Three of the five plants are located in Normandy, France. These comprised box plants in Saint-Amand and Mortagne, and a sheet facility in Cabourg. The remaining two are situated in Ovar, Portugal, and Bilbao, Spain. The divestment formed part of regulatory obligations stemming from International Paper's acquisition of DS Smith. "International Paper begins construction of packaging plant in Iowa" 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.
Associated Press
02-05-2025
- Business
- Associated Press
International Paper Celebrates the Groundbreaking of Greenfield Packaging Facility in Waterloo, Iowa
MEMPHIS, Tenn., May 2, 2025 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a global leader in sustainable packaging, is proud to announce the groundbreaking of its new state-of-the-art sustainable, packaging box plant in Waterloo, Iowa. Experience the full interactive Multichannel News Release here: Located in the heart of the Midwest, the new facility will primarily focus on serving the protein segment, providing tailored packaging solutions and meeting the growing demand for high-quality, sustainable packaging. 'We are thrilled to break ground and invest in our company and the city of Waterloo,' said John Berry, Group Vice President, International Paper. 'This facility represents our dedication to growing in markets where we want to compete, advancing our capabilities and ensuring our customers receive quality and reliable products. We look forward to our continued future in Waterloo and are very grateful to everyone who has made today possible.' The Waterloo box plant will feature cutting-edge technology and equipment, enabling International Paper to deliver innovative and sustainable packaging solutions. The plant's design incorporates the latest safety practices and industry technology. The new facility is currently scheduled to begin operations in the fourth quarter of 2026 and create an estimated 65 new jobs to the current facility with a total of 190 team members. About International Paper International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, 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 View original content: SOURCE International Paper
