International Paper (IP) is exiting the molded fiber business, closing facilities in Ohio and Kansas, and selling its containerboard mill in Xalapa, Mexico, along with recycling plants in Xalapa and Apodaca.
In the US, the moves will impact 110 hourly and 24 salaried employees, the company said Thursday in a statement.
The molded fiber facility in Reno, Nevada, will be converted to support the packaging business, the company said. The closures included a packaging facility in Marion, Ohio, and a recycling plant in Wichita, Kansas.
The assets in Mexico are being sold to Acabados de Papeles Santinados y Absorbentes, which intends to retain current onsite employees, International Paper said.
"These decisions will help enable IP to prioritize the right geographies, customers and products and make investments in resources to support our growth in sustainable packaging," Tom Hamic, president of the North America packaging solutions business, said in the statement.
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