Displaying items by tag: International Paper

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
Tagged under

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
Tuesday, 24 January 2017 06:19

Pensacola Mill Incident

On the evening of Jan. 22, International Paper Company (NYSE: IP) experienced significant structural damage to the largest pulp digester as well as the power house at its Pensacola pulp and paper mill in Cantonment, Fla.  No one at the mill was injured. 

IPLOGOResponse teams are working with local, state and federal agencies to provide information for those impacted.  The incident released a mixture of wood fiber, water and pulping liquor into the surrounding community.  We have engaged contractors to develop and implement plans to clean up and dispose of the discharged material as quickly as possible.  We are providing all necessary support and resources to our local community and residents as we work through the clean-up.

Our primary focus is on ensuring the health and safety of our employees, contractors and neighbors and on the clean-up of the affected areas and property. 

Currently, the mill is not operating.  We are assessing the extent of the damage to the mill, evaluating supply options and will be working closely with our customers to meet their needs.

About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.  Its businesses include industrial and consumer packaging along with uncoated papers and pulp.  Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.  For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

Published in North American News
Tagged under

International Paper (NYSE: IP) is committed to improving food safety throughout the supply chain. The Company announced their Kenton, Ohio and Visalia, California facilities achieved food safety certification by exceeding the standards of the benchmarking procedures as dictated by the Global Food Safety Initiative (GFSI). The two sites join IP's Shelbyville, Ill. Facility that was certified in March, 2016. All three sites achieved scores above 99%.

Earlier this year, International Paper set the goal of exceeding the GFSI standards at 100% of the company's U.S. Foodservice Facilities before year-end and that has been done.

IPLOGOGFSI is a non-profit, international benchmarking organization created to standardize food safety rules and has been rapidly recognized as the 'gold standard' for international food safety. These global specifications promoted by GFSI address food, packaging, packaging materials, storage and distribution. Certification is a very stringent and demanding process that requires a facility to organize its Quality Management System (QMS) to address components in the manufacturing process such as management responsibility, hazard analysis, resource management and document control of procedures, policies and records.

"Safety as a whole is deep-seated part of our everyday operations and our number one priority," stated Jon Ernst, Vice-President and General Manager of International Paper's Foodservice Business. "We are proactively doing our part to ensure we have the systems in place to eliminate food safety risks in the packaging arena and continue to provide a top quality product."

Requests for GFSI-benchmarked audits have been quickly growing. Ernst says that many large retailers and foodservice industry brands are calling for this type of certification as a pre-requisite to doing business. "International Paper continuously strives to exceed our commitment of excellence to our customers. As the needs of our customers continue to grow, we are well positioned to meet those needs."

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. We are headquartered in Memphis, Tenn., and employ roughly 55,000 colleagues located in more than 24 countries. Net sales for 2015 were $22 billion. For more information about International Paper, our products and global citizenship efforts, please visit www.internationalpaper.com

About IP Foodservice

Based in Memphis, Tenn., International Paper's Foodservice business is a leading global marketer and manufacturer of single-use packaging for the foodservice industry. The company's paper cups, food containers, plates and accessories are found in leading chain restaurants around the world. The company has a solid record of bringing innovative products and brands to market including Hold&Go®, a patented insulated paper hot cup using ThermaShield technology which provides a versatile solution for on-the-go beverages and ecotainer®, a commercially compostable product line made from fully renewable resources along with products made from FDA-compliant, post-consumer fiber. The foodservice business has operations in Kenton, Ohio, Shelbyville, Ill., and Visalia, Calif., Shanghai and Tianjin China, Winsford, UK and Bogota, Colombia. For more information on our product, visit www.ipfoodservice.com 

Published in North American News
Tagged under

International Paper (NYSE: IP) has just announced that it has completed its acquisition of Weyerhaeuser's pulp business for approximately $2.2 billion in cash, subject to post-closing adjustments.  Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million.   International Paper expects annual synergies of approximately $175 million by the end of 2018, which will require the need for one-time costs of approximately $85 million.

Newly Combined Business to be Called Global Cellulose Fibers

  • Deal Strengthens IP's Position in Global Fluff Pulp Market
  • Offers Significant Synergies, Superior R&D Capabilities and Valuable Patent Portfolio

IPLOGO"This transaction positions International Paper as the premier global supplier of fluff pulp and enhances our ability to generate additional cash flow," said International Paper Chairman and CEO Mark Sutton.  "I want to personally welcome the talented employees of Weyerhaeuser to the International Paper family as we look forward to serving our customers around the world."

In this transaction, International Paper acquired five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp products for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.  The acquired business has approximately 1,900 employees around the world, with manufacturing operations based in Canada, Poland and the U.S. (located in Mississippi, Georgia and North Carolina).

The combined businesses will be called Global Cellulose Fibers, led by senior vice president Jean-Michel Ribieras, and reported as a separate business segment beginning with the Company's release of earnings for the fourth quarter of 2016. 

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. We are headquartered in Memphis, Tenn., and employ roughly 55,000 colleagues located in more than 24 countries.  Net sales for 2015 were $22 billion.  For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com

Certain statements in this press release may be considered 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 include but are not limited to: (i) the failure to realize the expected synergies, cost-savings and other benefits from the acquisition of Weyerhaeuser's pulp business or delay in realization thereof in light of integration difficulties or other challenges; (ii) the level of our indebtedness and changes in interest rates; (iii) industry conditions, including but not limited to changes in the cost or availability of raw materials, energy and transportation costs, competition we face, cyclicality and changes in consumer preferences, demand and pricing for our products; (iv) global economic conditions and political changes, including but not limited to the impairment of financial institutions, changes in currency exchange rates, credit ratings issued by recognized credit rating organizations, the amount of our future pension funding obligation, changes in tax laws and pension and health care costs; (v) unanticipated expenditures related to the cost of compliance with existing and new environmental and other governmental regulations and to actual or potential litigation; and (vi) whether we experience a material disruption at one of our manufacturing facilities.  These and 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. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Published in North American News

The U.S. Department of Justice has concluded its Hart-Scott-Rodino review of International Paper's (NYSE: IP) announced acquisition of Weyerhaeuser's pulp business without taking any action. Regulatory reviews in other non-U.S. jurisdictions are ongoing. Completion of the transaction is expected to occur in the fourth quarter of 2016.

IPLOGOOn May 2, 2016, International Paper announced it had signed a definitive agreement with Weyerhaeuser to acquire its pulp business. Under terms of the agreement, IP will acquire five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.      

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. We are headquartered in Memphis, Tenn., and employ 53,000 colleagues located in more than 24 countries.  Net sales for 2015 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

Also Completes the Acquisition of Holmen Paper Madrid Mill

IPLOGOInternational Paper has just announced that it has completed two previously disclosed transactions – the sale of its corrugated packaging business in China and Southeast Asia to Xiamen Bridge Hexing Equity Investment Partnership Enterprise; and the acquisition of the Holmen Paper Madrid Mill in Spain. The Company plans to convert the newsprint machine to produce recycled containerboard during the second half of 2017. 

About International Paper

International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion. For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com 

Published in Asian News
Tagged under

IDG's Computerworld has just announced that International Paper has once again been recognized as one of the top places to work for IT professionals in the large company category. IP ranked 37th on Computerworld's 2016 Best Places list. The company's 1,400 IT team members deliver technology solutions for business advantage and support services to the company's 55,000 team members, using information resources across 1,000 locations, speaking 13 languages and doing business in 44 currencies.

IPLOGO"This team is committed to delivering solutions and services that enable our global workforce to operate more efficiently, serve our customers at the highest possible level and create value for our shareowners," said Bob Wenker, vice president, Chief Information Officer. "Being listed as one of the Best Places to Work in IT is a testament to the outstanding contributions made by this terrific group of teammates – I am proud of them." 

"The organizations on this year's Best Places to Work in IT list excel at creating a dynamic and satisfying IT work environment," says Scot Finnie, editor in chief of Computerworld. "In a competitive market for tech talent, these outstanding employers are able to attract highly skilled IT pros by offering great benefits, new learning opportunities, access to cutting-edge technologies and challenging, business-critical projects."

International Paper was recognized for the seventh consecutive year as one of the top 100 organizations that challenge their IT staff, while providing great benefits and compensation.  Organizations will be included in coverage in Computerworld along with results from the 23nd annual Best Places to Work in IT survey.

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 global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the Company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.  For more information about International Paper, its products and stewardship efforts, 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

Published in North American News
Tagged under

International Paper (NYSE:IP) have just further solidified their ongoing commitment to improving food safety throughout the supply chain.  The Company announced the Shelbyville, Ill. facility has achieved food safety certification by exceeding the standards of the benchmarking procedures as dictated by the Global Food Safety Initiative (GFSI).  International Paper further declared the goal of meeting or exceeding the GFSI standards at all their U.S. Foodservice Facilities by the end of 2016.

IPLOGOGFSI is a non-profit, international benchmarking organization created to standardize food safety rules and has been rapidly recognized as the 'gold standard' for international food safety.  These global specifications promoted by GFSI address food, packaging, packaging materials, storage and distribution.  Certification is a very stringent and demanding process that requires a facility to organize its Quality Management System (QMS) to address components in the manufacturing process such as procedures, policies, work instructions, document control and record maintenance.  Supplier owned audits are a significant part of the process as well.

"Safety as a whole is an ingrained part of our everyday operations and our number one priority," stated Tracy Pearson, Vice-President and General Manager of International Paper's Foodservice Business.  "We are proactively doing our part to ensure we have the systems in place to eliminate food safety risks in the packaging arena and continue to provide a top quality product."

Requests for GFSI-benchmarked audits have been quickly growing which is no surprise given the scope of the initiative touches all aspects of the food industry.  Many large retailers and foodservice industry brands are calling for this type of certification as a pre-requisite to doing business.  Tracy Pearson commented, "International Paper continuously strives to exceed our commitment of excellence to our customers.   As the needs of our customers continue to grow, we are well positioned to meet those needs."  

About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the Company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.  For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

About IP Foodservice
Based in Memphis, Tenn., International Paper's Foodservice business is a leading global marketer and manufacturer of single-use packaging for the foodservice industry. The company's paper cups, food containers, plates and accessories are found in leading chain restaurants around the world. The company has a solid record of bringing innovative products and  brands to market including Hold&Go®, Cold&Go™ and ecotainer®, a commercially compostable product line made from fully renewable resources along with products made from FDA-compliant, post-consumer fiber. The foodservice business has operations in Kenton, Ohio, Shelbyville, Ill., and Visalia, Calif., Shanghai and Tianjin China, Winsford, UK and Bogota, Colombia. For more information on our product, visit ipfoodservice.com.

About IP Foodservice Shelbyville, Ill.
Built in 1974, the Shelbyville facility currently has more than 900 employees in cup producing, printing and distribution facilities.  .A leader in innovation for sustainable foodservice packaging, Shelbyville provides top-quality products for customers in theater, hospitality, supermarkets, convenience stores, and fast food that include hot & cold cups, food containers and buckets, popcorn containers, paper plates, plastic lids and printed plastic cups.

Published in North American News
Tagged under

2014 02 28 082945International Paper (NYSE: IP) announced that it has entered into a definitive agreement to purchase Weyerhaeuser's pulp business. Under terms of the agreement, IP will acquire five pulp mills and two converting facilities that produce fluff pulp, softwood pulp, and specialty pulp for a number of consumer applications including diapers, other hygiene products, tissue, and textiles.

  • Compelling Transaction Will Strengthen IP's Position in Global Fluff Pulp Market
  • Acquisition Offers Significant Synergies, Superior R&D Capabilities and Valuable Patent Portfolio

Because the transaction is a purchase of assets, International Paper expects to realize a tax benefit with an estimated net present value of approximately $300 million.  Including this benefit, the net price is approximately $1.9 billion.  International Paper forecasts annual synergies of approximately $175 million by the end of 2018, which will require the need for one-time costs of approximately $85 million.

"Weyerhaeuser's pulp business has an outstanding customer base served from low-cost, well-run assets that complement our existing system and offers significant synergy opportunities," said International Paper Chairman and CEO Mark Sutton. "This transaction will position us as the premier global supplier of fluff pulp and will enhance our ability to generate additional free cash flow.  We look forward to working with the talented employees of Weyerhaeuser as we integrate our businesses and create an even stronger company." 

Weyerhaeuser's pulp business has approximately 1900 employees throughout the U.S. (Mississippi, Georgia, North Carolina), Canada and Poland.  The combined business will provide the company flexibility to manage a wide portfolio of products to meet customer needs.

The acquisition is expected to close in the 4th quarter of 2016, subject to certain closing conditions, primarily the receipt of regulatory approval.

International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.  Its businesses include industrial and consumer packaging along with uncoated papers and pulp.  Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2015 were $22 billion.  For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com 

SOURCE International Paper

Published in North American News
Tagged under
Page 3 of 12