Welcome to our dedicated page for International Paper Co. news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper Co. stock.
International Paper Co. (NYSE: IP) is a global leader in packaging and paper products, with a strong emphasis on sustainability and innovation. Headquartered in Memphis, Tennessee, the company operates in North America, Europe, Latin America, Russia, Asia, and North Africa, employing approximately 39,000 people across 24 countries.
Core Businesses:
- Industrial Packaging: International Paper manufactures corrugated packaging products that serve a variety of end markets, including industrial, consumer products, and manufacturing. It accounts for roughly one-third of the North American corrugated packaging market.
- Global Cellulose Fibers: The company produces cellulose fibers used in absorbent products like baby diapers, feminine care items, and adult incontinence products. This segment also includes uncoated papers and pulp.
In 2023, International Paper reported net sales of $18.9 billion. Despite facing challenges such as lower demand and cost inflation, the company demonstrated resilience by executing strategic actions to optimize its mill system and invest in future growth. This included the sale of its Ilim joint venture, which provided $508 million in proceeds.
Recent Achievements:
- Successful navigation of challenging market conditions, resulting in $260 million of building a Better IP benefits in 2023.
- Cost reduction efforts across operations and supply chains.
- Returning $839 million to shareholders.
Strategic Initiatives:
In April 2024, International Paper announced a recommended all-share combination with DS Smith Plc, valued at approximately $9.9 billion. This merger aims to create a global leader in sustainable packaging solutions, with significant synergies expected from the integration. The combined company will be headquartered in Memphis, with plans for an EMEA headquarters in London. The transaction is expected to close by the fourth quarter of 2024.
Stewardship Efforts:
International Paper is dedicated to sustainability and community engagement. In partnership with the Arbor Day Foundation, the company planted and distributed over 169,000 trees in 2023. Since 2019, more than 568,000 trees have been planted, restoring over 1,000 acres of forests and communities worldwide.
For more detailed information, visit internationalpaper.com.
International Paper celebrates World Water Day by highlighting its water stewardship initiatives, notably at its Springfield, Oregon Containerboard Mill.
The mill achieved a 7.5% reduction in water consumption in 2022, exceeding its 4% target as part of its Water Wise initiative. This achievement results from non-capital projects that increased visibility on water usage.
Looking ahead to 2030, the company aims to reach a 25% reduction target, undertaking further projects in 2023. International Paper, with net sales of $21.2 billion in 2022, operates globally and focuses on sustainable practices.
International Paper Company is dedicated to achieving zero serious injuries among employees and contractors, as outlined in its Vision 2030 goals. The Life-changing Injury and Fatality Elimination (LIFE) program focuses on five key risk areas: slips, machine safeguarding, harmful substances, motorized equipment, and driver safety. In 2021, 94% of sites operated without serious injuries, reflecting the success of these initiatives. The company also maintained safety standards amid the COVID-19 pandemic, implementing vaccination clinics and safety measures. With net sales of $19.4 billion in 2021, International Paper continues to support employee well-being and sustainable practices globally.
International Paper (NYSE: IP) has been recognized as one of the 2023 World's Most Ethical Companies for the seventeenth consecutive year by Ethisphere, honoring companies for their ethical business practices. This year, only 135 companies across 19 countries were acknowledged, with International Paper being one of two in the Forestry, Paper, and Packaging industry. The recognition highlights the company’s commitment to ethics and integrity, emphasizing that ethical practices contribute to better long-term performance. International Paper generated net sales of $21.2 billion in 2022.
International Paper highlights Angela Dodd, a female senior scientist at its Innovation Center in Federal Way, WA. Dodd emphasizes the importance of mentorship for women in STEM, sharing her experience in a male-dominated field. She plays a crucial role in customer-centric innovation by optimizing production processes, such as for Supersoft® Odor Control pulp, making it more accessible to a wider customer base. International Paper continues to focus on renewable fiber-based products and reported net sales of $19.4 billion in 2021, employing approximately 38,000 colleagues globally.
International Paper celebrates the contributions of its women employees, featuring Laverne Hampton, a supply planner team lead in Containerboard. The company emphasizes the valuable insights and unique perspectives that women bring to its operations.
International Paper is a leading global producer of environmentally friendly packaging and fiber-based products, with net sales reaching $21.2 billion in 2022. Headquartered in Memphis, Tennessee, it operates across North America, Latin America, North Africa, and Europe, employing around 39,000 people globally.
International Paper Company emphasizes its commitment to employee well-being and community engagement in a recent press release. The company prioritizes safety as its highest responsibility and promotes diversity and inclusion through targeted frameworks and training programs. With a focus on education, hunger, health, and disaster relief, International Paper mobilizes its resources to support local communities. Headquartered in Memphis, the company operates globally with approximately 38,000 employees and reported net sales of $19.4 billion in 2021, underscoring its position as a leading manufacturer of renewable fiber-based products. More details are available at internationalpaper.com/Vision-2030.
International Paper (NYSE: IP) collaborates with Procter & Gamble's Always to combat period poverty, affecting over 500 million women globally. In 2022, they organized 45 packing events, distributing 25,000 kits, totaling 600,000 products. This year marks their continued partnership with over 40 FemCare events planned, aimed at providing menstrual health supplies. International Paper received an award for Diversity, Equity, and Inclusion from the American Forest & Paper Association for this initiative. The company emphasizes the importance of empowering women and girls with access to essential health products.
International Paper Company (NYSE:IP) recognizes Chiara Notargiacomo, EHS manager at its Pomezia Plant in Italy, emphasizing the vital contributions of women within the organization. With a commitment to sustainability, International Paper is a leading producer of eco-friendly packaging, pulp, and fiber products. The company reported net sales of $21.2 billion in 2022 and operates globally across North America, Latin America, North Africa, and Europe. With around 39,000 employees, International Paper is dedicated to innovation and environmental stewardship. For more details, visit InternationalPaper.com.
International Paper (IP) proudly highlights the contributions of Sonya Fleming, a lead production safety advocate at its Riegelwood, N.C. mill, showcasing the vital role women play in the organization. The company, headquartered in Memphis, Tenn., is a major global producer of eco-friendly packaging and pulp products, with net sales of $21.2 billion in 2022. International Paper operates worldwide, employing about 39,000 colleagues across North America, Latin America, North Africa, and Europe, dedicated to sustainable practices and customer service. For more information, visit InternationalPaper.com.
FAQ
What is the current stock price of International Paper Co. (IP)?
What is the market cap of International Paper Co. (IP)?
What is International Paper Co.'s core business?
Where is International Paper Co. headquartered?
How many people does International Paper Co. employ?
What were International Paper Co.'s net sales for 2023?
What recent strategic initiative has International Paper Co. undertaken?
What environmental efforts is International Paper Co. involved in?
How significant is International Paper Co. in the North American packaging market?
What is the expected completion date for the DS Smith Plc combination?
What are the anticipated benefits of the DS Smith Plc combination?
What is International Paper Co.'s commitment to sustainability?
