IP to Build New Corrugated Packaging Plant in Spain

International Paper Co., Memphis, Tenn., USA, reports that it plans to build a new corrugated packaging plant in Villalbilla, Spain, to "build out" its position in that country, the fourth largest corrugated packaging market in Europe. The new plant will replace IP's leased box plant in Alcala and take over its volumes, while also enhancing its capabilities. The new plant is the company's first greenfield box plant in almost two decades in the Europe, Middle East, and Africa region (EMEA).

"This multi-year project is a substantial investment and reinforces International Paper's commitment to Spain and the EMEA corrugated packaging market," Greg Gibson, VP and GM of IP's corrugated packaging business in EMEA, said. "Building a new plant in Alcala will allow us to sustain our market position in central Spain following the lease expiration of our current box plant there, while also enhancing our capabilities and serving as a platform to grow in new profitable markets and segments."

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