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 Laying Off (CONT’D FROM PAGE 1)
closing. In his first Q2 earnings call, new CEO Andrew Silvernail outlined a new strategy focused on 80/20 principle after noting IP’s poor performance in recent years. Former CEO Mark Sutton expressed regret in a Q4 earnings call in 2023 that IP didn’t invest more in plant equipment prior to the Covid-19 pandemic. In recent weeks in response to the areas affected by Hurricane Helene in Georgia and Tennessee, IP said it was supporting employees affected by the storm through its Employee Relief Fund and supporting the American Red Cross and United Way Worldwide and making in-kind product donations.
IP spokesperson Amy Simpson said that IP is undergo- ing a transformation to become stronger and more prof- itable by shifting resources and increasing investments in facilities where they can serve customers through im- proved quality, reliability and service delivery.” Earlier this month, IP obtained shareholder approval for its $9.9 billion acquisition of DS Smith. IP will pay $80 to $100 million in severance and termi- nation benefits, according to media reports. IP announced 650 layoffs earlier this month represent- ing about 400 at its headquarters and another 89 at a corrugated sheet plant in San Antonio, Texas, that is also
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October 28, 2024
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