International paper is considering selling three paper mills in Wisconsin. Jerry marterer, vice president of industrial paper Department of International Paper Corporation (IP), pointed out in an announcement on November 2: "We have decided to carry out strategic restructuring of the industrial paper business. Possible options include sale, merger, joint venture and the introduction of external investment. We believe that these plans will be attractive to other groups and can make our business stronger."
he also said, "the purpose of restructuring is to maintain the operation of the industrial paper sector. Many companies have expressed interest in this. As early as next week, we will show them around our factory. At the same time, as part of the plan to be closer to the market demand of steel structures, we will also visit their companies."
the industrial paper sector mainly produces light coated paper, synthetic paper and silicon coated vermicelli for industrial, food packaging, pressure-sensitive and sanitary applications. The Department has 1650 employees in de Pere and Menasha in Wisconsin, Lancaster in Ohio and the Netherlands
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