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 Company's Cedar Rapids, Iowa containerboard mill and box plant recently hosted two local Boy Scout troops, providing them with a firsthand look at the papermaking process. This visit was part of the scouts' journey to earn their pulp and paper merit badge. The scouts observed the entire process, from recycled material entering the pulper tub to the creation of finished boxes.
The tour included demonstrations in the design lab, where structural designer Kelsey Schwartz showcased prototype cutting for customers. Jason Lee, NAC sales enablement manager and a scout parent, noted the scouts' enthusiasm for seeing large equipment in action and observing teamwork.
This event is part of IP's broader initiative to engage with youth organizations, schools, and technical programs to foster interest in papermaking and manufacturing careers. Maris Peno, retain and recruit program lead, emphasized the importance of these experiences in building a future workforce pipeline. The company encourages community involvement and exploration of manufacturing careers, with Manufacturing Day events available throughout October.
International Paper Company (IP) is celebrating Manufacturing Day in October by highlighting the importance of its manufacturing workforce. 90% of IP's total U.S. workforce is in manufacturing roles or facilities. The company is opening its doors to students, parents, educators, and community leaders to inspire future generations to pursue manufacturing careers.
IP produces sustainable packaging, pulp, and fiber-based products that are essential to various industries, including:
- eCommerce
- Food & Beverage
- Grocery & Retail
- Manufacturing
- Personal Care
- Shipping & Distribution
The company aims to showcase how its products and services are integral to everyday life and customer success. IP has provided links to two videos demonstrating box manufacturing processes and highlighting women in manufacturing at the company.
International Paper's 2023 Sustainability Report highlights the company's commitment to community engagement and forest conservation. Key initiatives include:
1. Partnering with the Center for Heirs' Property Preservation to support historically underserved communities in protecting forestland and building intergenerational wealth.
2. A decade-long collaboration with the National Fish and Wildlife Foundation, committing $10 million for wildlife and working forest conservation.
3. Ongoing work with The Nature Conservancy on reduced-impact logging and carbon sequestration projects globally.
4. Partnerships with the American Bird Conservancy and Arbor Day Foundation for bird conservation and community tree recovery programs.
5. Joining WWF's Forests Forward program to support nature-based strategies for forests.
In celebration of World Rivers Day, International Paper (IP) and the National Fish and Wildlife Foundation (NFWF) are highlighting their collaboration through the Forestland Stewards Partnership. This partnership supports initiatives like The Longleaf Alliance to restore ephemeral and seasonal wetlands in the Savannah River watershed in South Carolina.
The restoration project, led by the University of Georgia's Savannah River Ecology Lab, aims to revitalize wetlands and surrounding longleaf pine forests to improve water quality and protect at-risk species. These efforts are important for maintaining the drinking water supply for over 500,000 residents and providing habitats for rare amphibians like the gopher frog.
IP is also part of the Savannah River Clean Water Fund, working with The Nature Conservancy to protect and manage forests across the watershed. These initiatives demonstrate IP's commitment to sustainable forestry management and ecosystem preservation.
International Paper's Chief Sustainability Officer Sophie Beckham received the Bronze Award at Futur/io's 2024 CSO Awards North America. The awards recognize North American CSOs driving corporate sustainability with high, scalable impact. Beckham was chosen through a rigorous selection process developed by Futur/io and partners, using a four-quadrant model criteria.
The selection considered corporate behaviors, ESG and SDG performance, environmental and human impact, and a self-assessment survey. A Grand Jury selected the final winners from the Top 20 ranking CSOs. Beckham, who holds a Master of Forestry degree from Yale, has been advancing IP's planet stewardship initiatives since 2013.
She expressed honor at being selected among talented sustainability leaders, attributing the award to the collective efforts at IP in advancing their Vision 2030 goals.
International Paper's 2023 Sustainability Report outlines the company's commitment to circularity as a key strategy. This approach prioritizes renewable, sustainably managed, recycled, and reused resources throughout their value chain. The company focuses on four pillars:
1. Using every part of the tree, including selling pine chemicals.
2. Sourcing sustainable raw materials, with 5.2 million tons of recovered fiber used annually.
3. Implementing circular manufacturing processes, with 48% of manufacturing waste diverted for beneficial uses in 2023.
4. Creating innovative products designed for sustainability and easy recycling.
IP also partners for IT circularity, remarketing over 2,500 systems and recycling 183,389 pounds of assets in 2023. The company collaborates with customers and partners to develop circular, low-carbon solutions, emphasizing the sustainability benefits of fiber-based packaging.
International Paper (IP) is progressing towards its goal of conserving and restoring 1 million acres of ecologically significant forestland by 2030. The company's strategy involves working with wood suppliers, forest landowners, community stakeholders, and conservation organizations. A key example is IP's long-standing relationship with Wise Batten, who owns a forest plantation in Black Swamp along the Savannah River floodplain.
Batten's land provides renewable fiber for IP's products while also serving as a habitat for wildlife, including the Swallow-tailed Kite. Through best management practices and conservation easements, Batten is helping to protect thousands of acres for future generations. IP collaborates with landowners like Batten to organize tours for customers, showcasing sustainable forestry practices and their importance in creating healthier, more abundant forests.
International Paper is actively addressing climate change risks and opportunities, positioning itself as a leader in sustainable practices within the pulp and paper industry. The company:
- Is one of the first North American pulp and paper companies with an approved Science Based Target initiative (SBTi) target
- Follows the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for reporting
- Responds to Climate Disclosure Project's (CDP) questionnaires on Climate Change, Forest, and Water Security
- Has published a TCFD Report outlining climate-related risks, opportunities, and corresponding strategies
- Anticipates more acute impacts from extreme weather and water scarcity in the coming decade
- Sees significant opportunities in the growing low-carbon circular economy
- Continues to refine climate scenario analyses for effective planning and transparent communication with stakeholders
International Paper (NYSE: IP) has filed a definitive proxy statement with the SEC for its pending acquisition of DS Smith Plc (LSE: DSS). The company's board recommends shareholders vote 'FOR' the proposal to issue new IP common stock for the combination. The special meeting is scheduled for October 11, 2024, with shareholders of record as of September 12, 2024, eligible to vote. DS Smith has set October 7, 2024, for its shareholder meeting to approve the deal.
The acquisition aims to create a global leader in sustainable packaging solutions, focusing on North American and European markets. It's expected to increase vertical integration, improve profitability, enhance customer offerings, and accelerate sustainability initiatives. The transaction will be structured as an acquisition of DS Smith by IP, following U.K. Takeover Code and English law.
Marcez Mitchell, VP of North American Container (NAC) Specialty at International Paper (IP), is leading his team to success through authentic leadership. Starting as an intern in 1999, Marcez has risen through the ranks, bringing a wealth of experience to his current role. His leadership philosophy, inspired by his father, emphasizes authenticity, transparency, and trust.
Under Marcez's guidance, NAC Specialty is embracing innovation and a profitability mindset to expand its offerings in paper bags, molded fiber, Enhanced Graphics Solutions, SpaceKraft®, and specialty retail and packaging display. Marcez believes that NAC Specialty has significant growth potential and is poised to make a substantial impact on IP's future.
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