International Paper Announces Closure of Red River Mill

Memphis, Tenn., Feb. 13, 2025 /PRNewswire/ —

International Paper (NYSE: IP; LSE: IPC) made a shocking announcement today regarding the closure of its Red River containerboard mill located in Campti, Louisiana. This decision comes as a surprise to many in the industry and has sparked discussions about the future of paper production in the region.

Impact on Local Economy

The closure of the Red River mill will have a significant impact on the local economy in Campti. The mill has been a major employer in the area for many years, providing jobs and supporting the community. With its closure, many workers will be left without employment, leading to potential financial hardships for families in the area. Additionally, the loss of tax revenue for the local government will also put a strain on public services and infrastructure.

On a larger scale, the closure of the Red River mill is reflective of the broader changes happening in the paper industry. With the rise of digital technology and a shift towards more sustainable practices, traditional paper mills are facing challenges in remaining competitive in the market.

Impact on Global Market

Internationally, the closure of the Red River mill is a sign of the shifting dynamics within the paper industry. As companies like International Paper make decisions to streamline operations and adapt to changing consumer demands, the global market for paper products is undergoing significant transformations.

This closure may also have ripple effects on the supply chain for other industries that rely on paper products, such as packaging and printing. Companies that have previously sourced materials from the Red River mill may now need to find alternative suppliers, potentially leading to disruptions in production and increased costs.

Conclusion

The closure of the Red River mill marks a turning point for International Paper and the paper industry as a whole. While this decision will have immediate impacts on the local economy in Campti and the global market, it also provides an opportunity for innovation and adaptation in the face of changing industry dynamics. Only time will tell how this closure will shape the future of paper production and consumption worldwide.