International Paper Announces Closure of Containerboard Mill
Why we think this is neutral
The RNS announcement regarding the closure of International Paper's containerboard mill in Campti, Louisiana does not appear to have a material financial impact on the overall business. The closure is being executed in a planned and orderly manner, with operations expected to cease by the end of Q1 2025. No specific financial details or impact on earnings/margins are provided, indicating this is a strategic optimization rather than a significant operational or financial event.
Key Points
- International Paper to permanently close containerboard mill in Campti, Louisiana
- All manufacturing operations at the mill expected to cease by March 31, 2025
Summary
International Paper Company has filed a Current Report on Form 8-K with the SEC, announcing the permanent closure of a containerboard mill in Campti, Louisiana. All manufacturing operations at the mill are expected to cease by March 31, 2025. No specific financial details or impact on earnings/margins were provided in the RNS, indicating this is a strategic optimization rather than a significant operational or financial event for the $23.43 billion company.