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) will have its Chairman and CEO, Mark Sutton, speak at the 2021 Virtual Wells Fargo Industrials Conference on May 5, 2021, starting at 10:00 a.m. ET. Interested parties can access the presentation and live webcast on International Paper's website under the 'Performance' tab. A replay will be available approximately three hours after the event. International Paper is a global leader in renewable fiber-based packaging and reported $21 billion in net sales for 2020, supporting over 25,000 customers in 150 countries.
International Paper (NYSE: IP) CEO Mark Sutton will present at the 2021 Virtual Wells Fargo Industrials Conference on May 5, 2021, beginning at 9:20 a.m. ET. Attendees can access the live webcast through International Paper's website by selecting the "Performance" tab, followed by "Presentations and Events." A replay will be available approximately three hours post-presentation.
International Paper is a global leader in renewable fiber-based packaging, pulp, and paper products, operating in multiple regions and generating $21 billion in net sales for 2020.
International Paper (NYSE: IP) will announce its first-quarter earnings on April 29, 2021, prior to the NYSE opening. A webcast will follow at 10 a.m. ET to discuss earnings and market conditions. Interested parties can join via the company's website or by dialing in for a teleconference. An audio replay will be available for 90 days after the call. International Paper, headquartered in Memphis, Tenn., is a global leader in renewable fiber-based packaging, generating $21 billion in net sales in 2020, serving over 25,000 customers worldwide.
International Paper (NYSE: IP) has acquired two advanced corrugated box plants located in Spain, specifically in Madrid and Catalonia, effective April 1, 2021. The acquisition aims to enhance the company's capabilities in the corrugated packaging market, which is essential for industrial, fresh produce, and e-commerce sectors. The financial terms of the transactions remain undisclosed, but this strategic move underscores International Paper's commitment to expanding its operations in the EMEA region. The company generated net sales of $21 billion in 2020 and serves over 25,000 customers globally.
International Paper has acquired Berkley International's Molded Fiber manufacturing division, Berkley MF LLC, enhancing its sustainable packaging portfolio. The acquisition, for an undisclosed amount, aims to strengthen International Paper's position in the eco-friendly packaging market, providing a competitive alternative to single-use plastics and foam products. Berkley MF specializes in the design and distribution of custom molded fiber packaging and operates from a state-of-the-art facility in Reno, Nevada. Berkley International will continue servicing its existing customers.
International Paper Company (NYSE: IP) has elected DG Macpherson to its Board of Directors effective March 1, 2021. Macpherson, currently the Chairman and CEO of W.W. Grainger, brings extensive experience in supply chain, manufacturing, and operational management. His appointment follows a national search by the Diversified Search Group and increases the Board to 12 members. Mark Sutton, the Chairman and CEO, expressed confidence that Macpherson's diverse background will enhance the Board's strategic direction and customer experience initiatives.
International Paper (NYSE: IP) has agreed to sell its Kwidzyn pulp and paper mill to Mayr-Melnhof Karton AG for €670 million (about $812 million). The transaction is expected to close in Q3 2021, pending regulatory approvals. The Kwidzyn mill employs around 2,300 people and produces 740,000 metric tons of various paper products annually. This sale will generate significant cash proceeds and aligns with International Paper's strategy to focus on its corrugated packaging and absorbent fibers businesses following the planned spin-off of its Printing Papers business.
International Paper (NYSE: IP) announced that CEO Mark Sutton will present at the Virtual Bank of America Merrill Lynch 2021 Global Agriculture and Materials Conference on March 4, 2021, starting at 9:00 a.m. EST. The event will include a Fireside Chat, and those interested can access the presentation via the company's website. A replay will be available three hours post-event. International Paper is a global leader in renewable fiber-based products, with 2020 sales of $21 billion and operations spanning across multiple regions.
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