International Paper Completes the Sale of Its Kwidzyn Mill in Poland

Rhea-AI Summary

International Paper (NYSE: IP) announced the completion of the sale of its Kwidzyn pulp and paper mill to Mayr-Melnhof Group, as previously disclosed. The Kwidzyn facility, which has about 2,300 employees, boasts an annual production capacity of 740,000 metric tons across various products, including folding boxboard and specialty kraft papers. This strategic divestiture aligns with International Paper's focus on its core operations and enables greater flexibility. The company continues to be a top producer of renewable fiber-based packaging and paper products globally.

Positive

• Completion of strategic divestiture of Kwidzyn mill.
• The sale allows International Paper to focus on core operations.

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• None.

MEMPHIS, Tenn., Aug. 6, 2021 /PRNewswire/ -- International Paper (NYSE: IP) today announced that it completed the previously disclosed sale of its Kwidzyn pulp and paper mill and supporting operations to Mayr-Melnhof Group. The Kwidzyn business has approximately 2,300 employees with an annual capacity to produce 740,000 metric tons of folding boxboard, uncoated freesheet, specialty kraft papers, and market pulp on four machines.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., employ approximately 48,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2020 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

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SOURCE International Paper

FAQ

What did International Paper announce on August 6, 2021?

International Paper announced the completion of the sale of its Kwidzyn pulp and paper mill to Mayr-Melnhof Group.

How many employees does the Kwidzyn mill have?

The Kwidzyn mill employs approximately 2,300 people.

What is the annual production capacity of the Kwidzyn mill?

The Kwidzyn mill has an annual production capacity of 740,000 metric tons.

Which company acquired the Kwidzyn mill from International Paper?

Mayr-Melnhof Group acquired the Kwidzyn mill from International Paper.

What impact does the sale of the Kwidzyn mill have on International Paper?

The sale allows International Paper to focus on its core operations and enhances strategic flexibility.