International Paper Plans to Build New Sustainable Packaging Facility in Rankin County, Mississippi
MEMPHIS, Tenn., March 20, 2026 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), today announced plans to construct a new 468,000-square-foot sustainable packaging facility in Rankin County, Mississippi. The investment reinforces the company's commitment to strategic growth, operational and customer excellence and long-term value creation.
Following a comprehensive review of its manufacturing footprint, International Paper's Board of Directors approved both the exploration and advancement of this $225 million greenfield project in central Mississippi. The facility is planned to be built on an 80-acre site in Brandon, Mississippi, less than 10 miles from the company's existing Richland (Jackson) box plant.
The new plant is designed to strengthen International Paper's cost position, improve reliability and product quality, and enhance service capabilities across the Mid-South region. By replacing older infrastructure with a modern, highly efficient facility, the investment should reduce structural costs and support growth in key market segments. The modern design and updated equipment should provide the latest innovations in safety and efficiency for employees.
Construction is expected to begin in June 2026, with operations anticipated in the fourth quarter of 2027. Employees at the existing Richland facility will transition to the new plant upon completion.
"This investment supports our strategy to optimize our box plant system and focus capital where it drives the greatest return," said Keith Townsend, group vice president and general manager, IP North America Packaging Solutions East. "By modernizing our footprint in Mississippi, we are strengthening our service model and ability to provide customers with the highest quality sustainable packaging solutions."
"This is another big win for Mississippi. International Paper's $225 million investment in Rankin County is more proof that Mississippi's momentum is real and growing stronger every day," said Mississippi Governor Tate Reeves. "We're seeing historic levels of capital investment because companies know Mississippi is a state where businesses can succeed. This project will create new opportunities for Mississippians and continue our state's record-breaking economic development success."
Noel Daniels, Chairman, Rankin First Economic Development Authority, welcomed the announcement, stating, "For years, Rankin First and our partners have strategically developed the East Metro Center to attract world-class companies, seeing a global leader like International Paper choose this site validates that vision. This sophisticated operation doesn't just create and retain jobs, it solidifies Rankin County's position as the premier hub for industrial innovation in Mississippi and the Southeast."
This project reflects International Paper's ongoing commitment to delivering value for customers, shareholders and communities while maintaining the highest standards of safety, quality, and operational performance.
SOURCE International Paper
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEWMARK GROUP INC <NMRK.O>: KBW CUTS TARGET PRICE TO $16 FROM $17.50
NEWMARK GROUP INC : KBW CUTS TARGET PRICE TO $16 FROM $17.50
VALERO ENERGY CORP <VLO.N>: JEFFERIES CUTS TARGET PRICE TO $394 FROM $401
VALERO ENERGY CORP : JEFFERIES CUTS TARGET PRICE TO $394 FROM $401
Gold prices rise Rs 1,500/10g; silver up Rs 3,100/kg ahead of US economic data, softer yields. Buy, sell or hold?
The Shopify Stock Rally Isn't Done: Chart of the Week -- Barrons.com
By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi
Crypto prices
More
