| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Food Technology » Packaging » Topic

International Paper Offloads Chinese Corrugated Packaging Business

Zoom in font  Zoom out font Published: 2016-03-16  Views: 25
Core Tip: International Paper, the food packaging company which makes cups, lids and containers for restaurants, is offloading its corrugated packaging business in China and Southeast Asia for around $150 million.
International Paper, the food packaging company which makes cups, lids and containers for restaurants, is offloading its corrugated packaging business in China and Southeast Asia for around $150 million.

It is selling the business to investment firm Xiamen Bridge Hexing Equity Investment Partnership Enterprise.

International Paper is selling a business which has 18 plants in Asia and employs around 3,000 staff.

The deal is expected to be completed in the coming months.

It underscores that International Paper would prefer to export into China from the US than manufacturing from China.

One reason is that it sees no benefit from manufacturing in China because of the high-cost of importing raw materials.

International Paper has manufacturing operations in North America, Europe, Latin America, Russia, Asian and North Africa and employs around 55,000 people.

Its businesses include industrial and consumer packaging, including making plates, snack containers and lids.
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)