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 (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.
International Paper (NYSE: IP) has announced leadership changes, with CEO Andy Silvernail elected as Chairman of the Board of Directors, effective October 1, 2024. This appointment follows Mark Sutton's planned retirement from the Board on September 30, 2024. Silvernail, who joined IP as CEO in May 2024, brings two decades of experience leading global companies in manufacturing and technology sectors.
Lead Director Chris Connor praised Sutton's legacy and expressed confidence in Silvernail's leadership. Silvernail's background includes executive roles at KKR & Co., Madison Industries, and IDEX , where he achieved significant shareholder returns and employee engagement improvements. He currently serves on the Board of Directors of Stryker
International Paper's Customer Commitment Centers and graphic designers play a important role in community engagement and sharing the company's sustainability story. Through creative projects like puppet shows, dinosaurs, and rocket ships, they educate communities about sustainability and company values.
In a notable initiative, International Paper contributed corrugated supplies to the Science Museum of Minnesota for a "Cardboard City" makerspace. This building and engineering studio encouraged children, parents, and science educators to use their imagination and ingenuity to create new structures or repurpose existing ones. This project exemplifies how International Paper combines creativity, education, and sustainability in its community outreach efforts.
International Paper (IP) has announced a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation, National Fish and Wildlife Foundation, The Nature Conservancy, and World Wildlife Fund. This investment supports IP's Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland.
Key initiatives include:
- Expansion of the Family Forest Carbon Program in Central Appalachia and the Southeastern U.S.
- Extension of the Forestland Stewards Partnership, which has already conserved 1.6 million acres of southern forestlands
- Advancement of sustainable forestry practices in the U.S. and Mexico
- Support for the WWF's Forests Forward program, addressing issues like heirs' property preservation
These partnerships aim to enhance sustainability across IP's value chain, scale impact, and drive positive change for people and the planet.
International Paper (IP) received the American Forest & Paper Association's Leadership in Sustainability Award for Resilient U.S. Forests in 2023. The award recognizes IP's partnership with the American Bird Conservancy to promote forest bird awareness and conservation within the forest product supply chain. A key focus is the Swallow-tailed Kite, with nine birds fitted with radio transmitters since 2021 to track their movements and habitat needs.
IP's commitment to sustainable forest management is underpinned by certifications from FSC®, PEFC™, and SFI®. The company's Certified Forest Management has become the largest privately run group of certified landowners in the U.S., enrolling 920,769 acres across 11 states since 2012.
International Paper (NYSE:IP) has announced a significant leadership change, appointing Tom Hamic to the newly created role of Executive Vice President and President of North American Packaging Solutions, effective September 1. Hamic, who joined the company in 1991, will lead the Container and Containerboard businesses in North America, reporting directly to CEO Andy Silvernail.
Hamic's extensive experience includes various roles in sales, marketing, finance, strategic planning, and leadership across the United States and Europe. He was named a company officer in 2009 and elected senior vice president in 2019. His most recent position was senior vice president and general manager of North American Container and Chief Commercial Officer.
International Paper demonstrates its commitment to responsible fiber procurement through its Global Fiber Procurement Policy and innovative practices. Key highlights include:
1. A diverse Fiber Supply Team of over 225 professionals ensuring responsible sourcing.
2. The ForSite™ mapping platform for transparency and risk mitigation.
3. Chain-of-custody certification at all mills, including FSC® and SFI® standards.
4. One of the largest private landowner assistance programs for FSC® Forest Management Certification in the U.S.
5. Extensive fiber supply network connecting forest conservation partners with private landowners.
ForSite™ uses GIS technology to guide procurement decisions, identifying 23M acres for pre-harvest due diligence and improving over 3,145 acres since 2020. This tool helps protect rare species and habitats while allowing landowners to meet management objectives.
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