Tag Archives: Ilim Pulp

International Paper reports 9% year-over-year revenue growth in 2022

International Paper today reported full-year and Q4 2022 financial results.Q4 2022 net sales were $5,133 billion, compared to $ 5,086 billion in Q4 2021. Full-year 2022 net sales totaled to $21,161 billion, compared to $ 19,363 billion in 2021. Q4 2022 net earnings (loss) were $318 million including a $533 million non-cash impairment of its Ilim joint […]

International Paper Reaches Agreement to Sell Ownership Interest in Ilim Joint Venture

International Paper today announced that it has entered into an agreement to sell its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for US$484 million equity value. The sale is subject to regulatory approvals in Russia. This transaction indicates ~$3.5 billion in total enterprise value […]

International Paper to explore strategic options for ownership interest in Ilim Group

International Paper announced its intention to explore strategic options, including the possible sale, of its 50% ownership interest in Ilim Group. International Paper has no intention to seek suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to Ilim Group. In October of 2006, International Paper and Ilim Pulp announced the signing […]