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International Paper’s corrugated packaging business in Asia has 18 plants and a workforce of approximately 3,000 employees.
March 15, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper has entered into a definitive agreement to sell its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise. International Paper’s corrugated packaging business in Asia has 18 plants and a workforce of approximately 3,000 employees. Under terms of the transaction, International Paper will receive a total of approximately RMB 1 billion (approximately US$150 million at current exchange rate), subject to post...
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