Dive Brief:
- International Paper announced that it will close two of its recycling facilities, in Denver, CO, and Memphis, TN, by the end of the first quarter.
- The closings will reportedly affect about 25 employees at each facility.
- The company reached the decision to shutter the plants after completing a series of reviews and an in-depth analysis of its operations.
Dive Insight:
International Paper Recycling will continue to operate 18 other recycling plants across the U.S. The company recovers, processes and sells over 6 million tons of recovered fiber annually.
In September 2014, FutureMark closed its recycled paper mill in Alsip, IL. The company cited challenging market conditions such as decreased demand for products and increased competition as reasons for the closure.