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 (NYSE:IP) has appointed Joy Roman as Senior Vice President, Chief People and Strategy Officer, effective February 1. Roman will report to Chairman and CEO Andy Silvernail and lead the company's efforts in talent development, organizational effectiveness, and corporate strategy. She will also oversee Sustainability and Communications functions.
Roman joins from Berry Global, where she served as Chief People & Strategy Officer since April 2024. Her career includes roles at McKinsey & Company, 3M, Toll Brothers, and De Beers Group. She holds an MBA from Yale School of Management.
International Paper, headquartered in Memphis, is a global producer of sustainable packaging, pulp, and fiber-based products, with net sales of $18.9 billion in 2023. The company employs approximately 39,000 people globally with operations in North America, Europe, Latin America, and Africa.
International Paper (NYSE: IP) has announced its schedule for fourth-quarter and full-year 2024 earnings release, set for January 30, 2025, before the NYSE opening. The company will host a webcast at 10 a.m. ET to discuss earnings and market conditions.
Interested parties can join via the company's website under the Investors tab or through teleconference by dialing +1 646-307-1963 (international) or 800-715-9871 (U.S. only) with conference ID 5125982. An audio replay will be available for 90 days.
The company has also revealed its 2025 earnings release schedule: First-Quarter on April 30, Second-Quarter on July 31, and Third-Quarter on October 30.
International Paper (IP) demonstrates its commitment to circular economy principles through its Vision 2030 goals, aiming for 100% responsible fiber sourcing and fully reusable, recyclable, and compostable products. The company uses five million tons of recovered fiber annually, making it one of the world's largest recovered fiber users, while diverting nearly 50% of manufacturing waste from landfills.
IP has made significant progress in sustainability, replacing 765 tons of plastics with corrugated products in EMEA during 2022. The company processes over 7 million tons of fiber annually, representing 12% of the U.S. recycled cardboard market. IP has increased OCC recovery by 60% since 2010 and utilizes ForSite™, an advanced fiber procurement mapping tool, to ensure responsible sourcing practices.
International Paper discusses the importance of balancing new and recycled fiber in sustainable packaging. The company emphasizes that while recycled fiber is crucial, virgin fiber from sustainably managed forests plays an equally vital role in the circular economy. Containerboard producers currently use approximately 56% recycled fiber in production.
Recent studies show fibers can be recycled up to 25 times without significant strength loss. Industry recovery rates improved from 72% to 90% between 2006-2020, while containerboard made from 100%-recycled fiber increased from 22.3% to 31.8%. The combination of new and recycled fibers maximizes reuse potential and enables true circularity in the wood fiber value chain.
International Paper (IP) and the National Fish and Wildlife Foundation (NFWF) are celebrating Wildlife Conservation Day by highlighting a significant milestone in red-cockaded woodpecker conservation. The species has been downlisted from 'endangered' to 'threatened' under the Endangered Species Act.
Through their Forestland Stewards Partnership, IP and NFWF have collaborated with various stakeholders to restore thousands of acres of longleaf pine across the U.S. South, creating important habitats for woodpecker populations. The restoration efforts focus on reestablishing longleaf pine ecosystems, which provide the specific mature, open-canopy environments these birds require.
The initiative not only benefits the red-cockaded woodpecker but also supports numerous other species dependent on the longleaf ecosystem, contributing to overall biodiversity enhancement in the region.
International Paper details the circular lifecycle of containerboard boxes, starting from forest harvesting to final recycling. The process begins with renewable fiber transported to paper mills, where it's converted to pulp. The company highlights that 70% of their mill energy comes from carbon-neutral biomass residuals, a manufacturing byproduct.
The lifecycle continues through converting processes where containerboard is transformed into custom boxes. Nearly all trimmings and scrap paper from box plants are recovered and recycled. After customer use, materials are collected through recycling networks and returned to mills, completing the circular process.
As part of their Vision 2030 goals, IP focuses on minimizing fossil fuel use, improving energy efficiency, and expanding renewable energy usage. While wood fiber has a finite recycling life before becoming too brittle, these 'lost' fibers are repurposed as biomass-based fuel for mill operations.
International Paper (IP) announced that Chairman and CEO Andy Silvernail will present at the Citi 2024 Basic Materials Conference on December 4, 2024, at 8 a.m. Eastern time. The presentation will include a question-and-answer session.
The event will be accessible via webcast through the company's website under the Investors tab and Events & Presentations page. Interested parties can access a replay approximately three hours after the presentation concludes.
The press release discusses the urgent need for sustainable packaging solutions amid growing environmental concerns. International Paper addresses four major global systems impacting planetary boundaries: food systems (causing biodiversity loss and GHG emissions), built environment (40% of global GHG emissions), manufactured goods (material-intensive production), and transportation (25% of GHG emissions).
The company emphasizes its role in promoting sustainable packaging across these systems, focusing on recyclable and adaptable solutions. The release highlights the Ellen MacArthur Foundation's principles for reducing global emissions through eliminating waste, circulating materials, and regenerating nature.
International Paper is transforming from being Veteran Friendly to Veteran Ready through initiatives aimed at recruiting and supporting military veterans. The company's Employee Network Circle IP Vets focuses on promoting visibility, recruitment, and retention of veterans across all career levels. In June 2023, IP Vets collaborated with IP Recruiting and American Corporate Partners for a LinkedIn Live recruiting event, resulting in over 250 veterans joining their talent network. The company also partnered with the National Manufacturing Institute's Heroes MAKE America program, hosting a virtual career fair with 370+ participants and engaging in training programs at their Savannah, Georgia Mill.
International Paper (IP) has been awarded the Leadership in Sustainability - Resilient U.S. Forests award by the American Forest & Paper Association (AF&PA) for its Forestland Stewards partnership with the National Fish and Wildlife Foundation (NFWF). Since 2013, the partnership has achieved significant milestones, including enhancing 1.6 million acres of native forest and wildlife habitat, improving 800 miles of stream, and engaging 37,000 private landowners. The collaboration has leveraged over $250 million in public and private funds for forest conservation efforts. The award recognizes IP's commitment to sustainability and forest conservation leadership.
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