International Paper to Build Box Plant in Spain

International Paper (IP), headquartered in Memphis, Tenn., has announced plans to build a corrugated packaging plant in Villalbilla, Spain. In a press release, the company says the plant will it build out its position in Spain, the fourth largest corrugated packaging market in Europe.

The new plant will replace IP’s current leased box plant in Alcala, Spain, and take over its volumes while enhancing its capabilities. It is IP’s first greenfield box plant in almost two decades in the Europe, Middle East and Africa (EMEA) region.

“This multi-year project is a substantial investment and reinforces International Paper’s commitment to Spain and the EMEA corrugated packaging market,” says Greg Gibson, vice president and general manager of IP’s corrugated packaging business in EMEA. “Building a new plant in Alcala will allow us to sustain our market position in central Spain following the lease expiration of our current box plant there while also enhancing our capabilities and serving as a platform to grow in new profitable markets and segments.”