Pulp-Paperworld.com / European News

How much forest land—and what quality—is needed to ensure forests can continue to provide people, plants and animals worldwide with clean air and water, food and the goods and services they need to thrive?

IPLOGOThrough a new collaboration between World Wildlife Fund (WWF) and International Paper (NYSE: IP), research will be undertaken to help answer the question of the quantity and quality of forestland needed for the planet to thrive. The outputs of this work will be used to help create the world's first regional and global science-based targets for forests, as well as the first comprehensive set of guidance on actions that can be taken to sustain the world's forests. Such 'forest positive' actions include investing in responsible forest management, supporting forest conservation, restoring forestland, and raising awareness about the importance of forests with consumers.

"Our entire business depends on the sustainability of forests," said Sophie Beckham, IP Senior Manager of Natural Capital Stewardship. "We are excited to build on our participation in WWF's Global Forest & Trade Network program through a significant and strategic initiative to advance conservation and restoration actions in forest ecosystems beyond our existing fiber supply chains."

In addition to delivering on the UN Sustainable Development Goals at the global level, the collaboration also will bring one local action to life—investing in a new ambitious restoration project in the Mogi Guaçu river basin of the Atlantic Forest of Brazil. IP has operations and is already investing in restoration in this region, work that will ideally inspire other organizations to invest in forest restoration in Brazil and beyond.

"IP's investment and leadership will drive and deliver a better understanding of what forests need to stay well above their ecological tipping points," said Kerry Cesareo, vice president for forests at World Wildlife Fund.  "Given the large scale and fast pace of forest loss and degradation globally, bold and inspiring actions like this within the private sector are needed to sustain forests."

Through this expanded collaboration, IP demonstrates that investing in the long-term sustainability of natural capital makes economic sense. As a company that transforms renewable resources into fiber-based products that people depend on every day, IP will continue to promote responsible forest stewardship, both within and beyond its supply chains, to ensure healthy and productive forest ecosystems for generations to come.

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    About International Paper
    International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, India and Russia. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., and employ approximately 52,000 colleagues located in more than 24 countries. Net sales for 2017 were $22 billion. For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com

    SOURCE International Paper

Published in South American News

 International Paper Company (NYSE: IP) have just confirmed that the company will not make an offer for Smurfit Kappa Group plc ('Smurfit Kappa'), given the lack of engagement by Smurfit Kappa's Board of Directors and Management.

IPLOGOIn February 2018, International Paper provided representatives of Smurfit Kappa's Board of Directors with a proposal to acquire the company. Following discussions with shareholders of both companies, IP put forward a revised proposal on March 26, 2018. IP believes the revised proposal was highly attractive and formed a sound basis for engagement, which the company viewed as essential to determining the full value potential of the combination.

"While we continue to believe in the strategic and financial potential of this combination, our commitment was to proceed in a disciplined manner that would create value for both sets of shareholders," said Mark Sutton, Chairman and CEO of International Paper. "Moving forward, we remain focused on executing our strategy and are excited about our outlook. We have many levers to create shareholder value and will be responsible stewards of our shareholders' capital," added Sutton.

As a result of this announcement, International Paper is bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules. International Paper reserves the right within the next 12 months to set aside this announcement where so permitted under Rule 2.8 (including Rule 2.8(c)(ii)).

Additional Info

  • About

    About International Paper 
    International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, India and Russia. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., and employ approximately 52,000 colleagues located in more than 24 countries. Net sales for 2017 were $22 billion. For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com

Published in North American News

IPLOGOInternational Paper (NYSE: IP) Chairman and Chief Executive Officer Mark S. Sutton will speak at the Citi Basic Materials Conference November 29, 2017 in New York City. The presentation is scheduled to begin at 8:45 am ET and will be followed by a question and answer session. All interested parties are invited to view the presentation and/or listen to the webcast live via International Paper's Internet site http://www.internationalpaper.com by clicking on the "Performance" tab and then clicking on the "Presentations and Events" link.  A replay of the webcast will be available on the website approximately three hours after the presentation.

ABOUT INTERNATIONAL PAPER
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and Wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries. Net sales for 2016 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com

Published in North American News

Conversion will Support Customer Growth and Enhance System Flexibility

IPLOGOInternational Paper has just announced plans to invest approximately $300 million to convert its No. 15 paper machine at the Riverdale Mill in Selma, Ala. from uncoated freesheet to high quality whitetop linerboard and containerboard. The conversion is targeted to be completed by mid-year 2019. The investment will add 450,000 tons of annual capacity, with flexibility to shift between containerboard products.

Converting Riverdale No. 15 will position International Paper to grow its Industrial Packaging business, continue to provide attractive jobs to Riverdale team members and remain a significant supplier of uncoated freesheet in North America.

"Our customers expect us to support their growth and this machine conversion will meet their needs," said Tim Nicholls, IP's senior vice president, Industrial Packaging the Americas. "Our Industrial Packaging business continues to focus on our customers in strategic channels including our box business, domestic and export containerboard and specialty grades."

Nicholls added its Industrial Packaging mill system allows the business to optimize product mix, increase service and reduce costs. "Our system runs most effectively when there is flexibility, and this conversion will also help us define a more streamlined and balanced system overall."

As a result of the machine conversion, the company will reduce its annual uncoated freesheet capacity by 235,000 tons. The remaining machine at the Riverdale Mill will continue to produce uncoated imaging paper products. 

"International Paper's uncoated freesheet business remains a strategic part of the company and we are well positioned to support current and future customer demand," said Mike Amick, Jr., IP's senior vice president, Paper the Americas & India. "This investment proactively repositions Riverdale No. 15 to serve our growing packaging business, while enabling us to optimize our North American Papers business."

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia.  We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries.  Net sales for 2016 were $21 billion.  For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com 

SOURCE International Paper

Published in North American News

International Paper (NYSE: IP) has pledged $1 million to support disaster relief efforts in the communities impacted by Hurricane Harvey and Tropical Storm Harvey.

IPLOGOThe International Paper Foundation will contribute $750,000 to the American Red Cross chapters in Texas and Louisiana, and will contribute $250,000 to Feeding America. International Paper has established strategic partnerships with these organizations to provide disaster relief in communities where IP employees live and work. 

The company has already produced 100,000 boxes, which will be donated to the American Red Cross and Feeding America, who will use them to deliver food, water and other critical supplies to those in need. IP employs nearly 5,000 team members throughout the two states.

"Our hearts go out to the many families impacted by Hurricane Harvey," said Mark Sutton, Chairman and CEO, International Paper.  "We know these communities are resilient and hope that our contributions help accelerate relief efforts and the distribution of essential goods."

International Paper mobilizes its people, products and resources to address critical needs in the communities where employees live and work. The company's community engagement efforts include financial contributions, employee volunteering and product donations focused on addressing four Signature Causes: Hunger, Education, Health & Wellness and Disaster Relief.

ABOUT INTERNATIONAL PAPER
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and Wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries. Net sales for 2016 were $21 billion. For more information about International Paper, our products and global citizenship efforts, please visit
www.internationalpaper.com 

Published in North American News

International Paper (NYSE: IP) has just announced that it has entered into an agreement to settle the Kleen Products antitrust class action lawsuit, which was filed in 2010 against the Company and seven other containerboard producers and is pending in the United States District Court for the Northern District of Illinois.

IPLOGOIf approved by the court, the agreement would resolve disputed claims involving the price of containerboard products purchased directly from International Paper, Temple-Inland Inc. and Weyerhaeuser Company by the class members at any time prior to the date of court approval.  Under the terms of the agreement, the Company will pay $354 million into a settlement fund in return for dismissal and release of all claims.  The Company will record a reserve for the expected settlement, which will result in a pre-tax charge of $354 million ($219 million, net of tax) in the second quarter of 2017.

"We continue to maintain that the allegations are baseless and without merit," said Mark Sutton, Chairman and Chief Executive Officer. "However, we have agreed to settle this lawsuit in order to avoid substantial on-going legal expenses and the inherent risks of a multi-billion-dollar class-action lawsuit."

In this complex class-action case, where any award would be tripled and potentially paid by International Paper alone, this settlement avoids the substantial uncertainty of continued involvement with this litigation and a possible adverse jury verdict.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia.  We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries.  Net sales for 2016 were $21 billion.  For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com

SOURCE International Paper

Published in North American News

IPLOGO

Computerworld have just announced that International Paper has been recognized as a 2017 Best Places to Work in IT, one of 100 top organizations that challenge their IT staffs while providing great benefits and compensation. Organizations will be included in coverage in Computerworld along with results from the 24th annual Best Places to Work in IT survey.

IP ranked 26th, on Computerworld's 2017 list for IT professionals in the large company category. The company's 1,400 IT team members deliver technology solutions for business advantage and support services to the company's 55,000 global team members, using information resources across 645 locations, speaking 13 languages and doing business in 44 currencies. 

"I am proud of this team and really happy to see them recognized for helping International Paper become one of the most successful, sustainable and responsible companies in the world," said Bob Wenker, Vice President and Chief Information Officer. "Being listed as one of the Best Places to Work in IT is a great achievement, made possible by a committed group of talented team members. I am extremely proud of them." 

About the Best Places to Work in IT list
The Best Places to Work in Information Technology (IT) list is an annual ranking of the top 100 work environments for technology professionals by IDG's Computerworld. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training and retention. In addition, Computerworld conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia.  We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries.  Net sales for 2016 were $21 billion.  For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.

About Computerworld
Computerworld from IDG is the leading technology media brand helping senior IT, business decision-makers and key influencers navigate change with effective business strategy. As the voice of business technology, Computerworld enables the IT value chain with unique editorial coverage from setting strategies to deriving value. Computerworld's award-winning website (www.computerworld.com), focused conference series, strategic marketing solutions and research forms the hub of the world's largest (40+ edition) global IT media network and provides opportunities for IT vendors to engage this audience. Computerworld leads the industry with an online audience of over 7.2 million monthly page views (Omniture, January 2016 – March 2016 average) and was recognized in BtoB's 2013 Media Power 50 list; recognition Computerworld has received for more than 5 consecutive years. Computerworld is published by IDG Enterprise, a subsidiary IDG. Company information is available at www.idgenterprise.com.

SOURCE International Paper

Published in European News

International Paper's Pensacola Mill in Cantonment, Fla., has successfully resumed full operations following a digester incident that occurred on January 22, 2017. The company, with the assistance of independent third-party experts, has implemented enhanced procedures and protections across the enterprise to prevent the recurrence of such an incident.

IPLOGO"We are pleased to report that full operations at our Pensacola site have resumed," said Tim Nicholls, senior vice president, International Paper. "Our primary focus remains on ensuring the health and safety of our employees, contractors and community members – along with providing our customers the excellent service they have come to expect," added Nicholls.

Including capital expenses, the company estimates total costs related to the incident will be between $80 and $120 million. The majority of these costs are expected to be recovered through insurance coverage.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia.  We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries.  Net sales for 2016 were $21 billion.  For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com

SOURCE International Paper

Published in North American News

Recognition honors those companies who lead with integrity and align principle with action

International Paper (NYSE: IP) has been recognized once again by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2017 World's Most Ethical Company®.  For the eleventh straight year, IP was named as one of the World's Most Ethical Companies despite a large number of global nominees. International Paper secured a spot on the list by maintaining its focus on the ethical business practices and standards that have defined the company since its inception 119 years ago.

2014 02 28 082945"At International Paper, it is our vision to be among the most successful, sustainable and responsible companies in the world. Our 55,000 global employees are committed to improving people's lives, the planet and our company's performance by transforming renewable resources into products people depend on every day," said Sharon Ryan, Senior Vice President, General Counsel & Corporate Secretary. "I want to congratulate our global team for achieving this well-earned recognition."

2017 is the eleventh year that Ethisphere has honored those companies who recognize their role in society to influence and drive positive change, consider the impact of their actions on their employees, investors, customers and other key stakeholders and use their values and culture as an underpinning to the decisions they make every day.

"Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World's Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage," explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at International Paper for being recognized as a World's Most Ethical Company."

Methodology & Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%) and provided to all companies who participate in the process.

­­Honorees
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.

Best practices and insights from the 2017 honorees will be released in a series of infographics and research throughout the year (view or download the 2016 insights). Organizations interested in how they compare to the World's Most Ethical Companies are invited to participate in the Ethics Quotient.

About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia.  We produce packaging products that protect and promote goods, and enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products that promote health and wellness; papers that facilitate education and communication; and paper bags, cups and food containers that provide convenience and portability. We are headquartered in Memphis, Tenn., and employ approximately 55,000 colleagues located in more than 24 countries.  Net sales for 2016 were $21 billion.  For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com 

About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine. More information about Ethisphere can be found at: http://ethisphere.com.

Published in North American News

ArborGen, a world leader in the development and commercialization of technologies that improve the productivity of trees, has just announced that it is expanding its agreement with International Paper Brazil by granting ArborGen additional access to IP’s Eucalyptus germplasm. This will allow an increased effort to develop and sell new varieties of seedlings with improved traits and capable of being grown in regions of Brazil where there is growing interest in Eucalyptus plantations. Since 2013 when the company began its commercial sales operation sales have increased to a current projection of 47 million Eucalyptus seedlings and nine million Pine seedlings in 2016.

2017 02 02 094115The Brazilian forestry industry is one of the largest, fastest growing in the world; Brazil is the world’s largest producer and exporter of hardwood pulp. The Eucalyptus market utilizes approximately 700 million seedlings per year. With the original agreement, private landowners gained access to elite Eucalyptus clones that were once only available to integrated producers. This new agreement will increase that access and allow for additional development of advanced genetics for landowners.

ArborGen formed ArborGen Brazil in 2004 as a product and business development center. The company initially began working with several large integrated Eucalyptus and Pine pulp and paper companies and has conducted extensive field trials with biotech products. Since 2013 ArborGen do Brasil increased its interests in the Brazilian Eucalyptus seedling market through its operation of the Luiz Antonio nursery and working with other contract nurseries to produce and sell improved varieties to the open market. “This expanded agreement allows ArborGen to utilize its advanced technologies and tree breeding expertise with IP germplasm to continue to improve the genetics of existing seedlings. We will also be able to offer additional benefits such as increased yields and improved growth to landowners while expanding the breeding program to other regions of Brazil and other sectors as sawtimber, bioenergy, etc.,” said Gabriela Monnerat, managing director of ArborGen of Brazil.

For over 110 years – more than 50 of them in Brazil – International Paper has been one of the companies that most cares about the environment. Thus, the expanded agreement only reinforces the company's commitment to the development of the forestry sector. "We know the genetic material choice is fundamental to guarantee the success of any new forestry development, so the expansion of the agreement with ArborGen provides the opportunity for other companies to produce wood with top quality genetic material. IP continues investing in actions and programs which contribute to the growth of the forestry sector in Brazil," highlights Luis Fernando Silva, Fiber Production Senior manager at International Paper.

About ArborGen

ArborGen is revolutionizing productivity in commercial forestry. ArborGen is the largest global supplier of seedling products and a leading provider of improved technologies to the commercial forest industry. Through innovations in conventional breeding, improved genetics and emerging biotechnology advances, ArborGen is developing high-value products that significantly improve the economic returns and productivity of a given acre of land. These products enable ArborGen’s customers to grow trees that yield more wood per acre with greater consistency and quality in a shorter period of time. ArborGen’s work is improving the sustainability of working forests while helping to meet the world’s growing need for wood, fiber and energy. For more information, please visitwww.arborgen.br.com.

About International Paper

International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa, Asia and Russia. We produce packaging products that enable world-wide commerce; pulp for diapers, tissue and other personal hygiene products; papers that drive communication; paper bags that carry groceries; and paper cups and food containers that provide convenience. We are headquartered in Memphis, Tenn., and employ 55,000 colleagues located in more than 24 countries. Net sales for 2015 were $22 billion.

In Brazil the company works in the businesses of printing and writing papers, containerboard and corrugated packaging, employing approximately 5,000 employees.

The integrated system of printing and writing paper production from International Paper in Brazil consists of three mills: two in the State of São Paulo and one in Mato Grosso do Sul. Its products – printing and writing paper lines Chamex e Chamequinho and graphic paper line Chambril – are 100% produced from certified eucalyptus forests.

The packaging business consists of three containerboard plants located in the State of São Paulo, and four units to manufacture corrugated packaging and sheets: two in the State of São Paulo, one in Goiás and one in Amazonas.

For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com

Published in South American News
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