Tag Archives: International Paper

The 8th Paper One Show 2023 has opened its doors

The 8th Paper One Show 2023, the leading international paper and paper products trade fair, is hosting more than 170 exhibitors from 30 countries. The 8th Paper One Show attracts over 170 exhibitors from 28 countries. The number of professional visitors has increased more over the previous edition, and the total number of visitors is […]

International Paper announces rebrand on 125th anniversary

International Paper announced a company rebrand to align with its strategic vision to Build a Better IP through sustainable, profitable growth and accelerated value creation. As the company celebrates its 125th anniversary in 2023, the rebrand highlights the resilience of International Paper, the sustainability of its mission and its commitment to creating what’s next. The […]

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 […]

USDA Appoints 2023 Paper and Packaging Board Members

The U.S. Department of Agriculture announced the appointment of three members to serve on the Paper and Packaging Board. The appointees from the South Region will serve three-year terms beginning immediately to December 31, 2025, and one appointee from the Rest of the U.S. Region will serve a one-year term beginning immediately to December 31, […]

International Paper announces senior leadership transition

International Paper announced today that Sharon R. Ryan, Senior Vice President, General Counsel and Corporate Secretary, will retire effective June 30, 2022. “Sharon has been an exceptional business partner and mentor throughout her 34 years of service,” said International Paper Chairman and Chief Executive Officer Mark S. Sutton. “I appreciate all her accomplishments and contributions […]

Leading forestry and paper companies worldwide based on revenue in 2021

International Paper was the world’s largest forestry and paper company in 2021, with revenue of more than 19 billion U.S. dollars. In second place that year was the Japanese paper company Oji Holdings, which reported revenue of 12.5 billion U.S. dollars.

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 […]

International Paper to consider stake sale in Russia’s Ilim Group

International Paper recently announced that it was exploring options for Russian paper producer Ilim Group, including a possible sale of its 50% stake. International Paper said it has no intention to seek the suspension of operations or initiate any liquidation or bankruptcy proceedings with respect to the group. Ilim Group, a 50/50 joint venture between […]

International Paper to increase corrugated packaging capacity in EMEA

IP announced a $40m investment into new converting equipment at several of its corrugated packaging plants in France and Spain, according to Euwid. With this investment International Paper (IP) plans to install new equipment and increase its converting capacity in the EMEA (Europe, Middle East & Africa) region by approximately 10 per cent in order […]