Memphis, TN-based International Paper will review strategic options for its global cellulose fibers (GCF) business. The decision is consistent with the IP’s strategy to focus on sustainable packaging solutions.

IP’s GCF business creates absorbent pulp for a wide range of applications such as feminine care, incontinence and other personal-care products that promote health and wellness. The GCF business generated $2.9 billion in revenue in 2023 and has operations in three countries, with eight mills and two converting facilities.

Additionally, IP announced the permanent closure of its Georgetown (SC) mill. The mill will shut down in stages with full closure expected by the end of 2024. In total, more than 750+ jobs will be lost.

The Georgetown mill produces approximately 300,000 tons of fluff pulp designed for a range of consumer applications from baby diapers to incontinence products. GCF plans to retain 100% of the mill’s fluff pulp capacity by transferring production to other mills and further reducing the company’s exposure to commodity pulp grades.

The mill also produces uncoated freesheet papers that it sells to Sylvamo pursuant to a strategic contract, which IP and Sylvamo have mutually agreed to terminate on December 31, 2024.