International Paper touts $200M in EMEA cuts ahead of business split
After the company splits into two, IP will take a 20% stake in the new EMEA business.
International Paper faced difficult macroeconomic conditions, including inflation, during the first quarter, executives said during a Thursday earnings call. Overall market demand was softer than expected to start the year, said CEO Andy Silvernail. However, “January in the U.S. was really strong,” he said, in part because of the industry’s nearly 10% production capacity cuts announced in 2025. “And now we’re kind of seeing the market in the U.S. is basically flat.”
International Paper touts $200M in EMEA cuts ahead of business split | Packaging Dive