MEMPHIS, Tenn. (News release) -- International Paper, a global leader in sustainable packaging, is proud to announce the groundbreaking of its new state-of-the-art sustainable, packaging box plant in Waterloo, Iowa.

Located in the heart of the Midwest, the new facility will primarily focus on serving the protein segment, providing tailored packaging solutions and meeting the growing demand for high-quality, sustainable packaging.

"We are thrilled to break ground and invest in our company and the city of Waterloo," said John Berry, Group Vice President, International Paper. "This facility represents our dedication to growing in markets where we want to compete, advancing our capabilities and ensuring our customers receive quality and reliable products. We look forward to our continued future in Waterloo and are very grateful to everyone who has made today possible."

The Waterloo box plant will feature cutting-edge technology and equipment, enabling International Paper to deliver innovative and sustainable packaging solutions. The plant's design incorporates the latest safety practices and industry technology.

The new facility is currently scheduled to begin operations in the fourth quarter of 2026 and create an estimated 65 new jobs to the current facility with a total of 190 team members.