Description

International Paper’s NORPAC Expansion — A Strategic Bet On A Leaner North American Network!

International Paper’s second quarter 2026 results indicate a business navigating a complex operating environment with a clear focus on execution, cost optimization, and strategic investment. The company reported a 1.7% year-over-year increase in box volumes in North America, with expectations to outpace the industry by approximately 2% for the full year. Operationally, mill performance improved by about 500 basis points, and key projects such as the Riverdale machine conversion and the NORPAC acquisition advanced on schedule, reflecting progress on the company’s 80/20 portfolio rationalization strategy. Investments across North America and EMEA target enhanced reliability, productivity, and growth, including modernizing recycled containerboard production in Italy and consolidating European manufacturing facilities to improve asset utilization. Despite volume gains, overall second quarter sales declined, primarily due to a planned exit from the nonstrategic export business following the Savannah mill closure and softer demand in EMEA caused by geopolitical uncertainty.