International Paper Closes Georgetown Mill Amid Pollution Lawsuit, Restructures for Growth in South Carolina and Beyond
Georgetown, SC — International Paper’s recent decision to close its Georgetown, South Carolina mill by the end of 2024 comes amid a significant restructuring and a federal lawsuit alleging environmental pollution. The closure will impact approximately 674 employees as the company consolidates production across its U.S. network to increase efficiency and profitability.
Georgetown Closure and Ongoing Environmental Lawsuit
Since 1937, the Georgetown mill has been a vital production center, specializing in fluff pulp for personal care products. However, the facility has faced many allegations from local residents, claiming it released hazardous substances into the environment, impacting their health and property. Residents point to data from the Environmental Protection Agency (EPA) and the South Carolina Department of Health and Environmental Control (DHEC), highlighting elevated asthma and cancer rates in the area.
The lawsuits contend that International Paper failed to control emissions of particulate matter and other pollutants, leading to long-term health consequences and decreased property values. Although International Paper contests these claims, it remains to be seen how the court will rule on the environmental allegations, which could further influence the company’s reputation and local economic footprint.
Investment in Eastover and Economic Commitment to South Carolina
Despite the Georgetown closure and legal challenges, International Paper is investing heavily in South Carolina through a substantial commitment to its Eastover, SC mill. Over the next decade, $175 million will be allocated to enhance operational efficiency and support environmental initiatives, which are expected to contribute approximately $90 million annually to the region’s economy. This investment aligns with International Paper’s broader focus on sustainable, fiber-based solutions and reflects the company’s intention to remain a key economic player in the state.
Third-Quarter Earnings and Strategic Outlook
Amid these developments, International Paper’s third-quarter earnings have demonstrated resilience. The company reported a profit of $150 million, or $0.42 per share, with adjusted earnings exceeding expectations at $0.44 per share. Quarterly revenue rose slightly to $4.686 billion, underscoring the company’s ability to adapt financially despite challenges. The Stock is currently at $55.21 USD and up +6.17 today.
A Look Forward
As International Paper moves forward, it is expanding in strategic markets, particularly Asia, to support its commitment to sustainable packaging and renewable resources. The ongoing lawsuit may impact the company’s local reputation, but with significant investments in South Carolina and a focus on operational optimization, International Paper aims to maintain its industry leadership while addressing community and environmental responsibilities.
The Georgetown closure, investment in Eastover, and active legal challenges highlight a period of transformation for International Paper, as it adapts to new environmental and operational priorities within both domestic and international markets.
Connect with CC News Network:
Stay updated with CC News Network’s latest investigations, book releases, and appearances by following him on social media. Join the growing community of readers and true crime enthusiasts who trust Crime and Cask for his insightful analysis and gripping storytelling.
Over 1,200,000 Million likes of Tiktok alone!
Social Media:
- X:Â @CCNewsNetwork
- TikTok:Â @CCNewsNetwork
- Facebook:Â CC News Network
- Talk Radio: 97.7FM WVFF – airs in the Low Country
- Amazon Books:Â Click here to follow
- Cameo:Â @CC News Network
- Spotify:Â @CC Records