International Paper Plans to Build New Sustainable Packaging Facility in Rankin County, Mississippi

International Paper (NYSE: IP) plans a $225 million greenfield sustainable packaging facility in Rankin County, Mississippi.

Rhea-AI Summary

International Paper (NYSE: IP) plans a $225 million greenfield sustainable packaging facility in Rankin County, Mississippi. The 468,000-square-foot plant will sit on an 80-acre site in Brandon, under 10 miles from IP's Richland box plant.

Construction is expected to begin in June 2026 with operations anticipated in Q4 2027. The company says the project will reduce structural costs, improve reliability and product quality, and transition Richland employees to the new plant.

Positive

• $225 million greenfield investment in Rankin County
• 468,000-square-foot modern sustainable packaging facility
• Construction start June 2026; operations expected Q4 2027
• Site on 80 acres in Brandon, <10 miles from Richland plant
• Company expects reduced structural costs and improved reliability

Negative

• None.

Argus Mar 20 session

-0.71% close to close Open Argus

Details

News Market Reaction – IP

In the Mar 20 session, IP declined 0.71%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement outlines a sizeable $225 million greenfield investment in a new 468,000-square-foo...

Analysis

This announcement outlines a sizeable $225 million greenfield investment in a new 468,000-square-foot sustainable packaging facility intended to modernize International Paper’s Mid-South footprint. It follows earlier moves to reshape the portfolio and optimize capacity. Investors may track construction timing (starting June 2026), the transition from the Richland facility, and any updates on cost savings or returns once operations begin in Q4 2027 to gauge how effectively this project supports the broader strategy.

Key Figures

Project investment: $225 million Facility size: 468,000 square feet Site area: 80 acres +3 more

Project investment

$225 million

Greenfield packaging facility in Rankin County, Mississippi

Facility size

468,000 square feet

New sustainable packaging facility footprint

Site area

80 acres

Brandon, Mississippi project site

Distance to existing plant

Less than 10 miles

From Richland (Jackson) box plant to new facility

Construction start

June 2026

Expected beginning of facility construction

Operations start

Q4 2027

Anticipated start of operations at new facility

Historical Context

5 past events · Latest: Feb 12

5 events

1. Feb 12

   Peer earnings update

   24h Move

   -0.0%

   Sylvamo reported Q4 and full-year 2025 results with modest share reaction.

2. Feb 02

   Conference appearance

   24h Move

   +3.4%

   CEO scheduled to present at a major industry conference with webcast access.

3. Jan 29

   Spin-off announcement

   24h Move

   -6.0%

   Plan to separate EMEA Packaging into a new independent public company.

4. Jan 29

   Earnings and split

   24h Move

   -6.0%

   Reported 2025 loss including large goodwill impairment and detailed split plans.

5. Jan 23

   Business divestiture

   24h Move

   -0.1%

   Completion of Global Cellulose Fibers sale and transition to new ownership.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

greenfield project

1 terms

greenfield project technical

"approved both the exploration and advancement of this $225 million greenfield project in central Mississippi."

A greenfield project is a new investment where a company builds operations, facilities, or infrastructure from scratch on undeveloped land rather than modifying existing assets. For investors, it means potential for long-term growth and higher initial costs and risks—like planting a new orchard that can yield fruit for years but needs more time, money and care before producing returns—so it affects capital allocation, timelines and risk profiles.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEMPHIS, Tenn., March 20, 2026 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), today announced plans to construct a new 468,000-square-foot sustainable packaging facility in Rankin County, Mississippi. The investment reinforces the company's commitment to strategic growth, operational and customer excellence and long-term value creation. 

Following a comprehensive review of its manufacturing footprint, International Paper's Board of Directors approved both the exploration and advancement of this $225 million greenfield project in central Mississippi. The facility is planned to be built on an 80-acre site in Brandon, Mississippi, less than 10 miles from the company's existing Richland (Jackson) box plant. 

The new plant is designed to strengthen International Paper's cost position, improve reliability and product quality, and enhance service capabilities across the Mid-South region. By replacing older infrastructure with a modern, highly efficient facility, the investment should reduce structural costs and support growth in key market segments. The modern design and updated equipment should provide the latest innovations in safety and efficiency for employees. 

Construction is expected to begin in June 2026, with operations anticipated in the fourth quarter of 2027. Employees at the existing Richland facility will transition to the new plant upon completion. 

"This investment supports our strategy to optimize our box plant system and focus capital where it drives the greatest return," said Keith Townsend, group vice president and general manager, IP North America Packaging Solutions East. "By modernizing our footprint in Mississippi, we are strengthening our service model and ability to provide customers with the highest quality sustainable packaging solutions."

"This is another big win for Mississippi. International Paper's $225 million investment in Rankin County is more proof that Mississippi's momentum is real and growing stronger every day," said Mississippi Governor Tate Reeves. "We're seeing historic levels of capital investment because companies know Mississippi is a state where businesses can succeed. This project will create new opportunities for Mississippians and continue our state's record-breaking economic development success." 

Noel Daniels, Chairman, Rankin First Economic Development Authority, welcomed the announcement, stating, "For years, Rankin First and our partners have strategically developed the East Metro Center to attract world-class companies, seeing a global leader like International Paper choose this site validates that vision. This sophisticated operation doesn't just create and retain jobs, it solidifies Rankin County's position as the premier hub for industrial innovation in Mississippi and the Southeast." 

This project reflects International Paper's ongoing commitment to delivering value for customers, shareholders and communities while maintaining the highest standards of safety, quality, and operational performance. 

About International Paper
International Paper (NYSE: IP; LSE: IPC) is dedicated to empowering customers, teammates, and shareowners to thrive by delivering innovative, sustainable packaging solutions for a changing world. As a trusted leader in corrugated packaging, we collaborate with partners across industries to protect what matters most—strengthening supply chains, advancing sustainability, and creating lasting value for our stakeholders. Discover more at internationalpaper.com. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/international-paper-plans-to-build-new-sustainable-packaging-facility-in-rankin-county-mississippi-302719375.html

SOURCE International Paper

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did International Paper (IP) announce on March 20, 2026 about Mississippi operations?

IP announced plans to build a 468,000-square-foot sustainable packaging facility in Brandon, Mississippi. According to the company, the $225 million greenfield project aims to modernize its footprint, improve cost position, and enhance service across the Mid-South.

When will construction and operations for International Paper's new Rankin County plant (IP) begin?

Construction is expected to begin in June 2026 with operations anticipated in Q4 2027. According to the company, the timeline reflects planned development and workforce transition from the existing Richland facility.

How much is International Paper (IP) investing in the new Brandon, Mississippi facility?

The company approved a $225 million investment to build the new sustainable packaging plant. According to the company, this capital is intended to modernize operations and reduce structural costs while improving product quality.

Where exactly will International Paper's new plant (IP) be located in Mississippi?

The planned facility will be on an 80-acre site in Brandon, Rankin County, less than 10 miles from IP's existing Richland (Jackson) box plant. According to the company, proximity supports operational transition and regional service.

What will happen to employees at International Paper's Richland box plant after the new IP facility opens?

Employees at the existing Richland facility are expected to transition to the new Brandon plant upon completion. According to the company, the move is part of modernizing the footprint while maintaining workforce continuity.

How will the new Rankin County plant (IP) affect the company's cost and service capabilities?

The company says the modern facility should reduce structural costs and strengthen its cost position and reliability. According to the company, updated design and equipment will enhance service capabilities across the Mid-South region.