Displaying items by tag: International Paper

International Paper (NYSE: IP) Chairman and Chief Executive Officer John V. Faraci will speak at the UBS Global Paper and Forest Products Conference in New York City on September 13th. The presentation is scheduled to begin at  8:00 a.m. EDT and will be followed by a question and answer session.

All interested parties are invited to listen to the webcast live via International Paper's Internet site http://www.internationalpaper.com  by clicking on the "Investors" tab and then clicking on the "Webcasts & Presentations" link.  A replay of the webcast also will be available on the website beginning approximately three hours after the presentation.

SOURCE International Paper

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International Paper Company has announced the election of Christopher E. Kubasik to its Board of Directors effective July 10, 2012.

Mr. Kubasik, age 51, is Vice Chairman, President and Chief Operating Officer of Lockheed Martin Corporation, a publicly traded global security and aerospace company. He will become Lockheed Martin's Chief Executive Officer on January 1, 2013.  He previously served as Lockheed Martin's Executive Vice President – Electronic Systems from September 2007 to December 2009, and as Lockheed Martin's Executive Vice President and Chief Financial Officer from February 2001 to August 2007.

"Chris's deep experience as a global business leader and extensive interaction with corporate boards, paired with his experience in business outside North America, lends a valuable perspective to our Board of Directors. We are very pleased to have Chris join the Board of Directors of International Paper," said John Faraci, Chairman and CEO.  

Mr. Kubasik received an executive engineering certificate from Carnegie Mellon University in 2008 and completed the Systems Acquisition Management Course for Flag Officers at the Defense Acquisition University in 2004.  He holds a bachelor's degree in accounting from the University of Maryland.

With the election of Mr. Kubasik and the previously disclosed election of Ilene S. Gordon (effective October 1, 2012), the size of the Board has been increased to 11 members.

To learn more about other members of International Paper's Board of Directors, visit www.internationalpaper.com under the Company and Corporate Governance tab.

SOURCE International Paper

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International Paper has announced that it has finalized the sale of its Ontario and Oxnard, California containerboard mills to New-Indy Containerboard LLC, along with its New Johnsonville, Tennessee containerboard mill to Hood Container Corporation. By completing these transactions, the company satisfies its divestiture obligations under its February 2012 settlement agreement with the U.S. Department of Justice. The settlement agreement, in which the company agreed to divest the three mills, was entered into in connection with the company's acquisition of Temple-Inland.

About International Paper

International Paper (NYSE: IP) is a global paper and packaging company with manufacturing operations in North AmericaEuropeLatin AmericaRussiaAsia 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 approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide.   International Paper net sales for 2011 were $26 billion. Temple-Inland Inc., which was acquired in February 2012, had 2011 net sales of $4 billion. For more information about International Paper, its products and stewardship efforts, visit internationalpaper.com.

SOURCE International Paper

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International Paper has announced that Computerworld, the leading source of technology news and information for IT influencers worldwide, ranked International Paper No. 45 on its 2012 Top 100 Best Places to Work in IT.

International Paper was recognized as one of the Top 100 organizations that challenge its IT staff while providing great benefits and compensation. By achieving 45th place this year, it continues IP's upward trend in the rankings, moving up from 59th in 2011 and 90th in 2010. Honorees and full results from the 19th annual Best Places to Work in IT survey will be included in a special edition of Computerworld that will be issued today.

"This is a great accomplishment for our entire IT team," said John Balboni, senior vice president, Chief Information Officer. "To be recognized as one of the Best Places to Work in IT is a reflection of total commitment, full engagement, great execution and outstanding teamwork around the globe."

International Paper's IT organization employs more than 1,400 IT professionals throughout its global operations. The group is responsible for designing, implementing, upgrading and sustaining the information infrastructure and systems that support 70,000 employees and their operations in more than 24 countries worldwide.

"The organizations on this year's Best Places to Work in IT list consistently seek out and hire the most talented IT people, offer them competitive pay and provide great benefits," said Scot Finnie, editor in chief of Computerworld. "Many of these organizations have spent years building top-notch IT workplaces, and we applaud the amazing work they've done to sustain dynamic environments where IT professionals can work with the latest technologies and play a key role in business-critical projects."

SOURCE International Paper

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International Paper, the world’s largest paper and packaging company, has announced the winner of its PRO-DESIGN™ 2012 Olympics competition prize offering, which was supported by leading national paper merchant group, PaperCo. 

PRO-DESIGN™ is International Paper’s flagship colour laser paper from its Saillat Mill, and the 2012 Olympics competition prize was offered through a new listing for the PRO-DESIGN™ range contained within the new NEMO Buying Group catalogue for 2012. 

The winners of the once in a lifetime prize offering are Mike Woodhead, Operations Director of Manchester-based dealer Entwistle Group, who will share the prize winning event tickets together with fellow Director, Ben Entwistle. As the competition winners, Mike and Ben will enjoy the fantastic Olympics prize package, including a trip to London for two people, with tickets for two events at the London Olympics 2012 event, as well as two nights hotel accommodation. 

The competition saw entrants placed into the prize draw every time an order was placed for PRO-DESIGN™. The prize promotion ran across all NEMO Buying Group dealers, and Group members, such as GDL (Graphic Dealers Ltd). 

Tim Beaumont, Nemo Buying Group Commercial Director stated; “This is a perfect example of successful collaboration, and the reason why the Nexus Group works so well. We have brought several joint contracts to our partner groups across a range of products and services.” 

He continued, “The sense of community that runs through NEMO and Nexus allows us to work with suppliers closely, and enables promotions such as this one to generate great interest. We are delighted for Jason and the team at Entwistle’s and hope they enjoy the prize at the Olympics.” 

The NEMO Purchasing and Marketing Group have 53 independent members, all of which offer a wide range of office/IT products on a national basis. NEMO have around 7,000 products available in its Office Style catalogue, with the majority available on next day delivery. Some 14,000 additional products are also located in many depots in the UK & Ireland. 

Speaking about the success of the competition, PaperCo’s National Account Director, Mike Rust stated, “We are delighted with the support that was given to the competition, and particularly pleased for both Mike and Ben who will enjoy a fantastic time at the Olympics.” 

PRO-DESIGN™ is produced at International Paper’s Saillat mill in France, which is one of the world’s best performing sites in terms of CO2 emissions. Since 1990, Saillat has reduced its greenhouse gas emissions by 78%. 

The Saillat mill uses thinning from certified forests or those that are in the process of becoming certified, with its main forestry supplies located within just 150km of the mill, reducing any transport related environmental impacts such as CO2 emissions. 

Saillat also recovers by-products from the furniture and framing industries which represents 27% of its wood supply. In terms of energy efficiencies and performance, some 88% of Saillat's energy requirements are met by the on-site production of green energy (biomass). 

Commenting on the PRO-DESIGN™ Olympics prize winner, Mike Robertson, International Paper’s Country Manager UK stated, “This promotion, for this very special event being held in the UK has really helped us launch Pro Design with the Nemo and GDL buying groups following our selection for their 2012 Catalogue.” 

PRO-DESIGN™ is International Paper’s colour laser range for professional laser printing, used by graphic reproduction houses, digital printers and copy centres. Its significant features include improved high whiteness 168 CIE quality. This provides sharper contrasts for excellent reproduction, whilst other features include better sheet formation, smooth surface, optimal stiffness for jam-free runnability and ISO 9706 providing an anti-ageing guarantee. 

PRO-DESIGN’s™ outstanding environmental credentials, such as its environmentally friendly manufacturing process and accreditations to both PEFC and EU Ecolabel certifications, provide an environmental guarantee and endorsement of the product’s high sustainable standards. 


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International Paper Company has announced the election of Ilene S. Gordon to its Board of Directors effective October 1, 2012.

Ms. Gordon, age 58, is Chairman, President and Chief Executive Officer of Ingredion Incorporated (formerly Corn Products International), a publicly traded global ingredient solutions company, a position she has held since May 2009. Ms. Gordon has also served as President and Chief Executive Officer of Rio Tinto's Alcan Packaging, a multinational company engaged in the production of flexible and specialty packaging, and has served in various senior executive roles atAlcan Packaging and Tenneco Inc.

"Ilene brings to our board of directors a deep understanding of our industry combined with broad international experience. We are extremely pleased to have her join the company," said John Faraci, Chairman and CEO.  

Ms. Gordon holds a bachelor's degree in mathematics from the Massachusetts Institute of Technology ("MIT") and a master's degree in management from MIT's Sloan School of Management.

With the election of Ms. Gordon, the size of the Board is now 10 members. To learn more about other members of International Paper's Board of Directors, visit www.internationalpaper.com under the Company and Corporate Governance tab.

SOURCE International Paper

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Combined Sale Valued at $470 Million Excluding Working Capital
Agreements Signed with Hood Companies, Inc. and The Kraft Group / Schwarz Partners Joint Venture New-Indy Containerboard

International Paper has announced that it has reached two agreements to sell three U.S containerboard mills in order to satisfy the company's obligations in its February 2012 settlement agreement with the U.S. Department of Justice. Under the terms of the DOJ settlement agreement, entered into in connection with the company's acquisition of Temple-Inland, International Paper agreed to divest the following mills:

  • the former Temple-Inland mill in Ontario, CA
  • the former Temple-Inland mill in New Johnsonville, TN
  • the International Paper mill in Oxnard (Hueneme), CA

After conducting a robust auction process, International Paper has entered into agreements for the sale of the New Johnsonville mill to Hood Companies, Inc., and for the sale of the Ontario and Hueneme mills to New-Indy Containerboard LLC, a newly formed joint venture of The Kraft Group, LLC and Schwarz Partners, LP.

"We are pleased to have reached these agreements within the timeline established in our settlement with the DOJ," said Chairman and CEO John Faraci.  "The purchasers are experienced operators in the paper, forest products and packaging industries, and we look forward to working with them to close these transactions in a timely manner."

The Kraft Group and Schwarz Partners said in a joint statement today, "We have been working together in the paper and packaging industry for decades and we have never been more optimistic about the direction of the industry than we are currently.  This investment represents a generational commitment by both families to the industry."

Hood Companies Inc. said in a statement, "The mill represents a key strategic growth platform within Hood's holdings.  We view the New Johnsonville mill as an exceptional asset with an outstanding management team and employee group.  We look forward to the long term opportunities that this acquisition creates for the New Johnsonville employees and Hood Companies."

Each divestiture is subject to certain closing conditions, including DOJ approval, and must be closed within the time periods prescribed by the DOJ settlement agreement. 

SOURCE International Paper

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International Paper hosted its Investor Day conference in New York City on Thursday 24th May 2012 as Chairman and CEO John Faraci outlined the company's global business strategy and cash flow potential for the coming years.

As the leading global provider of paper and packaging, the company detailed plans for growing its free cash flow. "The way we measure the success of our transformation is our profitability," said Faraci. "The transformation that we have made as a company over the last eight years has allowed us higher, more sustainable and less cyclical margins. The company is well-positioned in attractive markets with low-cost assets that can generate strong free cash flow and returns that exceed our cost-of-capital. Most importantly, we have the leadership and global talent to execute and drive results."

The company says it has significant earnings runway with the current portfolio and will continue to build leading positions in fiber-based paper & packaging segments in high-growth markets, as increasing cash generation enables both reinvestment and return of capital to shareholders.

SOURCE International Paper

 

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International Paper released its 2011 Sustainability Report that showcases the company's new suite of 12 voluntary sustainability goals. The company expects to reach a number of goals by 2020, which include:

  • 15% improvement of energy efficiency in purchased energy use
  • 20% absolute reduction in global GHG emissions (Scope 1 and 2) associated with the production of products
  • 15% global increase in third party certified fiber volume

In addition to these goals, International Paper set a host of other goals addressing issues such as fiber certification, philanthropy, safety and water use. 

"At International Paper, sustainability is more than a business practice," said Chairman and CEO John Faraci. "Environmental, social and economic performance  has been at the core of our company for more than 110 years.  Stewardship of the forestland and surrounding habitat is ingrained in our company's DNA."

The report highlights International Paper's sustainability commitment in every aspect of the business.  "At every point of the International Paper supply chain – from the design of our paper and packaging, to the people and manufacturing processes, to end-use recycling and other beneficial uses, International Paper strives for a sustainable product life cycle," added Faraci.

Sustainability highlights from 2011 include the following:

  • Awarded a U.S. Environmental Protection Agency Climate Leadership Award
  • Met 71 percent of global paper mill energy requirements with renewable biomass
  • Named "Most Admired Forest and Paper Products Company®" by Fortune Magazine for Nine of last 10 years.
  • Named one of Ethisphere Institute's "World's Most Ethical Companies" for the sixth consecutive year    
  • Total Safety Incident Rate decreased to its lowest rate ever
  • Donated more than $11 million worldwide to charitable organizations.

David Kiser, International Paper's Vice President of Environment, Health, Safety and Sustainability, said: "While our focus as a forest products company is by necessity on the environmental aspects of our operations, the coverage of our new goals is broad and includes both social and environmental dimensions of sustainability."

This report, available in print and online achieves a B-level application of the Global Reporting Initiative's (GRI) guidelines.  This represents an ongoing commitment to best practice transparent reporting.  To view the report or request a printed copy, please visit www.ipsustainability.com

SOURCE International Paper

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Great White® 100 is newest product in the Hammermill® Recycled Paper Portfolio

International Paper is pleased to announce the launch of a 100% recycled paper offering, Hammermill Great White 100 to North American customers.  The paper is the newest product to join the Hammermill Great White line of recycled products. 

20120503150121ENPRNPRN-INTERNATIONAL-PAPER-GREAT-WHITE-100-90-1336057281MR

"Consumers are interested in recycled paper products, but they also want confidence in the quality and how the product performs.  Hammermill Great White 100 is the best of both worlds and offers a dependable 99.99% Jam-Free Guarantee paper that has a 92 brightness.  It's a great paper that runs smoothly, looks sharp, and contains 100% post consumer fiber," said Jon Ernst, International Paper vice president for Imaging Papers.

This product is produced at IP's world-class Riverdale, Ala. Mill and comes after a multi-million dollar investment into their recycled product capabilities. The Hammermill Great White 100 joins IP's 30% and 50% recycled paper offerings already available and carries the Forest Stewardship Council® certification.

The product launch coincides with the celebration of the Hammermill brand's 100th anniversary.  "Hammermill is one of oldest brands in the industry because of its ability to continually evolve to meet customer needs and this product is our latest example of meeting consumers where they are in the marketplace," added Ernst.

SOURCE International Paper

 

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