Displaying items by tag: International Paper

International Paper will release fourth-quarter and full-year 2010 earnings on Thursday, Feb. 3, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions at 10 a.m. ET (9 a.m. CT) that day. All interested parties are invited to listen to the webcast via the company's Internet site at www.internationalpaper.com by clicking on the Investors tab and going to the Webcasts and Presentations page. A replay of the webcast will also be on the Web site beginning approximately two hours after the call.

Parties who wish to participate in the webcast via teleconference may dial +1 (706) 679-8242 or, within the U.S. only, (877) 316-2541, and ask to be connected to the International Paper Fourth Quarter Earnings Call. The conference ID number is "34891863." Participants should call in no later than 8:45 a.m. ET (7:45 a.m. CT). An audio-only replay will be available for four weeks following the call. To access the replay, dial +1 (706) 645-9291 or, within the U.S. only, (800) 642-1687, and when prompted for the conference ID, enter "34891863."

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers, industrial and consumer packaging and distribution. Headquartered in Memphis, Tenn., the company employs about 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were more than $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com .

SOURCE International Paper

An awareness campaign entitled Go Paper. Grow Trees.(TM) gives consumers the facts on how using paper products makes a direct contribution to the health and growth of trees and the forests. According to the Food and Agricultural Organization of the United Nations (FAO), a majority of the 750 million acres of U.S. forests are privately owned. These private owners -- mostly family tree farmers -- will ultimately determine what happens to our forestlands. We depend on forests for many social, ecological and economic benefits.

Sponsored by International Paper, Go Paper. Grow Trees. was created to connect readers to the challenges private landowners face in growing and maintaining healthy forests. For more information on the awareness campaign visit GoPaperGrowTrees.com. The interactive website provides numerous forestry facts and dispels many myths, along with offering other exciting multi-media tools, including a Go Paper. Grow Trees.(TM) video.

"It's important to understand that tree farmers and other private landowners plant about 4 million trees every day, which is about three to four times more than they harvest," said Teri Shanahan, IP's vice president, Commercial Printing. "By planting trees and managing forests responsibly, landowners are given the financial incentive they need to maintain and protect the valuable forest resources that provide benefits for present and future generations."

Without the income from tree farming, landowners face economic pressure to pay property taxes and replace lost revenue. A common outcome is converting forestlands to other uses such as agricultural crops that have shorter growing and cash cycles than forest products. Another tempting prospect is to sell the land for development. In either case, the forest is removed forever and so are the benefits of cleaner water, better air, wildlife habitat and biodiversity. Healthy forests are life-support systems -- and demand for paper products ensures landowners continue to farm trees.

"By providing a clearer understanding of who owns the forests and the challenges these landowners face, Go Paper. Grow Trees. is intended to correct misinformation and provide a realistic perspective on the role that paper products play in keeping our forests healthy and growing," added Shanahan. "Consumers continue to be environmentally conscious in the choices they make, so it's important they base their decisions on facts. The facts are paper products are a sustainable, renewable, recyclable and biodegradable resource -- and using paper products can actually lead to a healthier forest ecosystem and the demand for and growth of more trees."

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging. Headquartered in Memphis, Tenn., the company employs about 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were more than $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

Go Paper. Grow Trees.(TM) is a trademark of International Paper.

SOURCE International Paper

International Paper will release third quarter 2010 earnings on Wednesday, October 27, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions at 9 a.m. EDT (8 a.m. CDT) that day.

All interested parties are invited to listen to the webcast via the company's Internet site at www.internationalpaper.com by clicking on the Investors tab and going to the Webcasts and Presentations page. A replay of the webcast will also be on the Web site beginning approximately two hours after the call.

Parties who wish to participate in the webcast via teleconference may dial +1 (706) 679-8242 or, within the U.S. only, (877) 316-2541, and ask to be connected to the International Paper Third Quarter Earnings Call. The conference ID number is 11919083. Participants should call in no later than 8:45 a.m. EDT (7:45 a.m. CDT). An audio-only replay will be available for four weeks following the call. To access the replay, dial +1 (706) 645-9291 or, within the U.S. only, (800) 642-1687, and when prompted for the conference ID, enter "11919083."

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers, industrial and consumer packaging and distribution. Headquartered in Memphis, Tenn., the company employs about 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were more than $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

International Paper has announced that it has closed the sale of 163,000 acres under contract with Figure 8 Partners, LP, an affiliate of Rock Creek Capital (the "Partnership").

The total consideration of $199 million includes $160 million in cash and $39 million, plus interest, to be received no later than three years from closing. In addition, IP has received a 20% profits interest in the Partnership. The properties are located in the southeastern part of the United States.

SOURCE International Paper

International Paper has announced it is making a $650 million voluntary contribution to its U.S. pension fund. In July of 2010, International Paper made a voluntary contribution of $500 million to the fund, which brings the year-to-date contribution total to $1.15 billion. "These contributions to the U.S. pension fund help fulfill our long-term funding requirements and will reduce our future pension expense," said Robert Hunkeler, International Paper's vice president of investments.

International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers, industrial and consumer packaging and distribution. Headquartered in Memphis, Tenn., the company employs about 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were more than $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

International Paper Chairman and Chief Executive Officer John V. Faraci will speak at the UBS Global Paper and Forest Products Conference in New York City on Tuesday, Sept. 14. The presentation is scheduled for 8:45 a.m. EDT, and will be followed by a question and answer session.

All interested parties are invited to listen to the webcast via the company's Internet site at www.internationalpaper.com  by clicking on the Investors tab and going to the Webcasts and Presentations page. A replay of the webcast will also be on the Web site beginning approximately three hours after the presentation.

About International Paper

International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs about 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were more than $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

International Paper (NYSE: IP) today reported preliminary second-quarter 2010 net earnings attributable to common shareholders totaling $93 million ($0.21 per share) compared with a net loss of $162 million ($0.38 per share) in the first quarter of 2010 and net earnings of $136 million ($0.32 per share) in the second quarter of 2009. Amounts in all periods include special items.

Earnings before special items in the 2010 second quarter totaled $181 million ($0.42 per share), compared with $16 million ($0.04 per share) in the first quarter of 2010 and $86 million ($0.20 per share) in the second quarter of 2009.

Quarterly net sales were $6.1 billion compared with $5.8 billion in the first quarter of 2010 and $5.8 billion reported in the second quarter of 2009.

Operating profits in the second quarter were $353 million, up from $20 million in the first quarter of 2010. Both amounts reflect the inclusion of special items.

"Each of our businesses posted strong results in the second quarter, leading to the significant increase in earnings per share and solid free cash flow," said John Faraci, chairman and chief executive officer. "Operating rates are strong, inventories are low, and input costs are moderating. All of these factors position us well for a stronger third quarter."

SOURCE International Paper

International Paper (NYSE: IP) announced today that it reached agreement to sell 163,000 acres of properties located in the southeastern United States for approximately $200 million in a transaction with an affiliate of Rock Creek Capital (the "Partnership"). A minimum of $160 million will be received at closing, with the balance, plus interest, to be received no later than three years from closing. In addition, IP will receive 20% of the Partnership's net profits after it achieves certain financial returns.

"This sale will substantially complete the monetization of our forest land and realty holdings," said Dave Liebetreu, International Paper's vice president, global sourcing and forest resources. "The transaction represents good value in this economic environment and allows us to participate in the upside potential as the real estate market recovers."

The transaction is expected to close in the third quarter of 2010.

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, and complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 60,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were approximately $23 billion. For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com.

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ relate to: (i) the ability of the parties to successfully consummate the transaction contemplated by the sale agreement under the announced terms; (ii) the successful fulfillment (or waiver) of all conditions set forth in the sale agreement; and (iii) the successful closing of the transaction within the estimated timeframes. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.

SOURCE International Paper

International Paper has declared a regular quarterly dividend of $0.125 per share for the period from July 1, 2010, to September 30, 2010, inclusive, on its common stock, par value $1. This dividend is payable on September 15, 2010, to holders of record at the close of business on August 16, 2010.

The company also declared a regular quarterly dividend of $1 per share for the period from July 1, 2010, to September 30, 2010, inclusive, on the cumulative $4 preferred stock of the company. This dividend is also payable on September 15, 2010, to holders of record at the close of business on August 16, 2010.

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, and complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, Tenn., the company employs more than 56,000 people in more than 20 countries and serves customers worldwide. 2009 net sales were approximately $23 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

SCA has signed an agreement to sell its Asian packaging operation and puts focus on hygiene growth in Asia.

The buyer is International Paper and the purchase consideration amounts to USD 200m. In 2009, the Asian operation reported sales of approximately USD 250m and had approximately 4,500 employees at 15 plants in China, Singapore, Malaysia and Indonesia.

“We divest our packaging business in Asia in line with our strategy, to focus on our hygiene products there”, says Jan Johansson, President and CEO of SCA.

The purchase consideration will be settled in cash. The transaction will result in neither capital gain nor capital loss.

The transaction is expected to be finalised during the second quarter of 2010, subject to approval from the relevant authorities.

For additional information, please contact
Pär Altan, Vice President Media Relations, +46 8 788 52 37
Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30