improving its manufacturing footprint, including: • Investment of $250 million to convert the #16 machine at the Riverdale mill in Selma, Alabama, to produce containerboard • The closure of the Savannah, Georgia, containerboard mill and packaging facility, Riceboro containerboard mill and Riceboro Timber and Lumber These changes will impact approximately 1,100 hourly and salaried positions. International Paper is committed to supporting affected employees through this transition through severance packages and outplacement assis- tance for eligible employees. "We understand how deeply these decisions affect our employees, their loved ones, and the surrounding com- munities," said Tom Hamic, Executive Vice President and President of International Paper's North America Packag- ing Solutions business. "While difficult, these decisions are essential to positioning International Paper for long- term success, enabling us to focus on the geographies, customers, and products where we can create the most value," Hamic added. The Riverdale conversion is expected to be completed by the third quarter of 2026. The Riceboro and Savannah mills will shut down in phases by the end of September 2025, and the Savannah packaging facility will also cease operations by the end of September. These changes will result in a net reduction of the company's annual contain- erboard capacity by approximately one million tons.
AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. REGION 42# Kraft liner 26# Semi-Chem. Medium $ 900.00-925. 00 $ 825. 00 -$850.00 U.S. Average CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton. 42# Kraft Liner 26# Semi-Chem Medium East $970.00 $960.00 West $1,015.00 $995.00 REGION
IP Invests (CONT’D FROM PAGE 1)
nesses," said IP Chief Executive Officer Andy Silvernail. "Over the past few months, GCF has done the hard work of aligning resources with its most strategic customers, im- plementing an 80/20 mindset, and creating a simplified and focused portfolio. These actions, combined with its talented and committed team made it an attractive invest- ment for AIP to enter the pulp market and have positioned GCF for long-term success under new ownership." Strategic Changes to Packaging Solutions Business in North America: International Paper's packaging busi- ness in North America has initiated a number of actions to enhance its ability to serve and grow with customers while
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September 1, 2025
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