Displaying items by tag: International Paper

2014 02 28 082945International Paper has just announced that it has completed the sale of its controlling interest (21,873,521 shares) in International Paper APPM Limited (NSE:IPAPPM | BSE:502330), an India-based printing paper business, to West Coast Paper Mills Limited (NSE: WSTCSTPAPR) for approximately $85 million. International Paper intends to pursue suitable alternatives to divest its remaining 20% ownership interest (7,954,008 shares) in APPM.

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 corrugated 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; and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., employ more than 50,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2018 were $23 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com

SOURCE International Paper

Published in Asian News

International Paper (NYSE: IP) has entered into an agreement with West Coast Paper Mills Limited (NSE: WSTCSTPAPR) to sell its controlling interest in International Paper APPM Limited (NSE:IPAPPM | BSE:502330), an India-based paper business. International Paper currently owns approximately 30 million shares, or 75% of the outstanding shares, of International Paper APPM Limited (APPM).

2014 02 28 082945The transaction is expected to be completed by the end of the year subject to satisfaction of customary closing conditions, including obtaining required governmental approvals and West Coast Paper Mills Limited's (WCPM) launch of a tender offer. Pursuant to Indian securities law requirements, WCPM will launch a tender offer to acquire up to all of the APPM shares owned by public shareholders, which represents 25% of APPM's outstanding shares.  The closing of IP's transaction with WCPM will occur following the completion of the tender offer and receipt of antitrust clearance. Depending on the results of that tender offer, WCPM will acquire from IP between 51% and 60% of the outstanding APPM shares at a price per share of 275 Indian Rupees.  Once this transaction closes, WCPM will be responsible for the operations of APPM, and International Paper will be a passive investor until such time that IP has sold its remaining shares in APPM.

"As part of our strategic assessment of the IP portfolio, we have decided to exit our position in IP APPM," said Mark Sutton, Chairman and Chief Executive Officer. "This decision is a reflection of our continued focus on growing our global packaging and cellulose fibers businesses.  Our paper business continues to perform well in India and we wish the team there the very best in the future."

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 world-wide 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., employ 53,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2018 were $23 billion. For more information about International Paper, our products and global citizenship efforts, please visit
internationalpaper.com

Published in Asian News

International Paper (NYSE: IP) a world leader in renewable fiber based packaging, pulp and paper products, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World's Most Ethical Companies.

IPLOGOInternational Paper has been recognized for thirteen consecutive years, and is one of only two honorees in the forestry, paper and packaging industry, underscoring their commitment to leading with integrity and prioritizing ethical business practices.

In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth class of honorees illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics with a strong sense of purpose.

"It is an honor once again to be included on this list and to be among companies whose principles and practices uphold the highest standards of ethics and corporate social responsibility," said Sharon Ryan, General Counsel and Corporate Secretary. "Our work does not stop inside International Paper, we expect our business partners to share our values and principles as described in our Supplier Code of Conduct. Throughout our global supply chains, we promote safe and healthy working conditions; high ethical standards; protection of human rights and dignity; responsible use of natural resources and compliance with all applicable laws."

"Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last," said Ethisphere's Chief Executive Officer, Timothy Erblich. "I congratulate everyone at International Paper for earning this recognition."

Methodology & Scoring
The World's Most Ethical Companies 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 manner. 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 percent), culture of ethics (20 percent), corporate citizenship and responsibility (20 percent), governance (15 percent) and leadership and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.

­­Honorees
The full list of the 2019 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

Best practices and insights from the 2019 honorees will be released in a report and webcast in March and April of this year. Sign up to receive the report.

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 world-wide 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., employ 53,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2018 were $23 billion. For more information about International Paper, our products and global citizenship efforts, please visit 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 and measure and improve culture. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com

Published in North American News

2014 10 30 071412inter paper logoInternational Paper (NYSE: IP) announced that it has been named again by FORTUNE magazine as one of the "Worlds Most Admired Companies."  International Paper has earned this recognition sixteen times in the last seventeen years based on scores achieved in the following categories:

  1. Ability to attract and retain talented people
  2. Quality of management
  3. Social responsibility to the community and the environment
  4. Innovativeness
  5. Quality of products or services
  6. Wise use of corporate assets
  7. Financial soundness
  8. Long-term investment value
  9. Effectiveness in doing business globally

"This recognition reflects the exceptional talent and commitment of International Paper's 52,000 employees around the globe," said Mark Sutton, chairman and chief executive officer. "We work with the world's leading brands to make products that improve peoples' lives and we mobilize our people, products and resources to address critical needs in the communities where our employees live and work. I want to thank our global team members for this well-deserved achievement."

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 internationalpaper.com

SOURCE International Paper

Published in North American News

International Paper have just announced the retirement of C. Cato Ealy, senior vice president, Corporate Development after 26 years with the company.  His retirement will be effective December 31, 2018. 

IPLOGOMr. Ealy joined the company in 1992 as director of Corporate Development.  In June 1996, he was promoted to vice president and was elected as a senior vice president in June 2003.  Mr. Ealy has been responsible for the company's acquisitions and divestitures. Most notably, he played a key role in developing and executing the company's transformation plan, which included significant divestitures and several important acquisitions transforming International Paper into a leading global packaging, pulp and paper company.

"Cato has been a key contributor to the success of International Paper for nearly three decades helping to make IP a more sustainable and profitable company," said Mark S. Sutton, chairman and CEO. "All of us wish him the very best in retirement."

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, Russia and India. 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 internationalpaper.com

SOURCE International Paper

Published in North American 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.

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

    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
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