International Paper Reports $1.1B Net Loss For Q3 2025
Georgia-Pacific Announces Closure Of Illinois Box Plant This December Atlanta, Georgia based Georgia-Pacific has announced its plans to permanently shut its box plant in Mt. Olive, Illinois, by Dec. 31, said Lauren Campen, senior manager of public affairs and communications for corrugated, via email. G-P chose to close this location based on a decline in orders along with an assessment of market factors that showed the facility can no longer competitively serve cus- tomers, Campen said. “The decision to close the plant is not a reflection of [employees’] work but rather based on our ability to be competitive at this location in the long-term,” she said. “We appreciate all the work our employees have done through the years to make this plant safe and productive.” The company is working to support the 134 affected employees with potential opportunities within G-P or other companies owned by Koch, G-P’s parent, as well as con- necting them with job fairs and opportunities for employ- ment outside the company, Campen said. Hourly employ- ees are represented by the United Steelworkers union. Closing this box plant marks Georgia-Pacific’s exit from full operations in Illinois, but the company will still use its warehouses throughout the state. G-P also has multiple locations in neighboring Wisconsin, including a paper mill, corrugated facility and innovation center.
Memphis, Tennessee based International Paper (IP) has re- ported a net loss of $1.1 billion for the third quarter (Q3) of 2025, reversing a profit of $150 million in the same period of the previous year. IP states that the result included $675 million of accel- erated depreciation tied to recent mill closures. However, net sales grew to $6.22 billion in Q3 2025 from $3.98 bil- lion a year earlier. Chairman and CEO Andy Silvernail stated: “We deliv- ered 28 percent sequential adjusted EBITDA improvement across both Packaging Solutions businesses, driven by price realization, cost management and lower fiber costs. “In North America, we saw year-on-year box shipment growth in September. While demand remained soft across both regions, we took decisive actions to reshape our portfolio — exiting non-core businesses, closing facilities and reinvesting in our most strategic assets. Despite near- term headwinds, we are confident in our trajectory.” The company closed four facilities in the US in 2025: the Red River containerboard mill in Campti, Louisiana, a recycling plant in Phoenix, Arizona, a box plant in Hazle- ton, Pennsylvania and a sheet feeder facility in St Louis, Missouri. This affected roughly 179 salaried employees – 1 percent of IP’s global workforce.
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November 10, 2025
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