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International Paper considers to divest packaging business in Turkey

02 Oct 2020 − 

The review of strategic options is said to have no impact on IP's corrugated packaging businesses outside of Turkey.

International Paper announced it was considering "strategic options" for the company's corrugated packaging business in Turkey, including the potential sale of operations.

Olmuksan International Paper runs five corrugated board and packaging facilities across the country and serves customers in the agriculture, food, heavy duty and industrial sectors. International Paper holds the majority share in Olmuksan.

"This review of strategic options does not impact our corrugated packaging businesses outside of Turkey, and it is IP’s intent to continue to invest and sustainably grow our EMEA packaging business over time," the company announced.

This article is part of our coverage on International Paper and the containerboard and corrugated board markets in Europe.

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