Benzinga | Dec 15, 2021 01:51PM EST

International Paper Plans To Build Corrugated Packaging Plant In Pennsylvania

* International Paper Co (NYSE:IP) plans to build a corrugated packaging plant in Atglen, Pennsylvania.

* The company expects the facility to expand its Industrial Packaging footprint in the northeastern U.S.

* The company schedules to begin the construction in Q1 of 2022, with the plant fully operational in the Q1 of 2023.

* The facility will employ approximately 150 team members.

* Price Action: IP shares are trading higher by 0.20% at $45.63 on the last check Wednesday.