International Paper

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International Paper Company

Type	Public
Founded	1898
Headquarters	Memphis, Tennessee
Key people	John V. Faraci, CEO & Chairman
Products	Paper & Paper products
Revenue	US$ 22.3 billion (2008)
Net income	US$ 1.17 billion (2008)
Employees	51,500
Website	www.internationalpaper.com

International Paper (NYSE: IP) is an American pulp and paper company, the largest pulp and paper company in the world. It has approximately 51,500 employees. Its global headquarters are currently in Memphis, Tennessee.

Contents 1 History 2 Products and corporate structure 3 Environmental record 4 External links

[edit] History

International Paper was formed on January 31, 1898 by the merger of 17 pulp and paper mills in the northeastern United States^[1]. This merger was a milestone in the history of American newsprint, as the newly formed company now supplied 60 percent of all newsprint in the country. Through acquisitions and capital investment, the company grew both in the United States and internationally. In 1986 it acquired the HammerMill Paper Company, in 1988 the Masonite Corporation, and in 1989 the German paper company Zanders Feinpapiere AG and the French paper manufacturer Aussedat Rey. In addition International Paper has shareholdings in the Chilean company Copec. In 1999, International Paper purchased Union Camp Corporation and in 2000 purchased Champion International Paper.

In 2005 and 2006, International Paper undertook significant restructuring, selling over 6,000,000 acres (24,000 km²) of forestland in the U.S., along with its coated paper, kraft paper, wood products, and beverage packaging businesses, as well as subsidiaries Arizona Chemical and New Zealand-based Carter Holt Harvey. The coated paper business (4 mills in Maine, Michigan and Minnesota) were sold to Apollo Management and now operate as Verso Paper. The kraft paper business (composed of a kraft paper mill in Roanoke Rapids, NC and a dunnage bag plant in Fordyce, AR) was sold to Kapstone Paper and Packaging and operates as Kapstone Kraft Paper^[2]. The beverage packaging business, now called Evergreen Packaging, was purchased by Carter Holt Harvey, following the purchase of CHH by Graeme Hart. International Paper sold the Wood Products division of the company to West Fraser Timber Inc., out of Vancouver, B.C. This included 13 saw mills, making West Fraser the second largest producer of lumber in North America, next to Weyerhaeuser Company.

[edit] Products and corporate structure

International Paper is the largest producer of plastic lids and paper cups, manufacturing for the fast-food giants McDonalds, Wendys, and Subway. The Wood Products division of International Paper was sold in 2007 to West Fraser Timberland Inc., a company headquartered in Vancouver, BC, Canada. The company currently produces printer and copier paper, envelopes, corrugated packaging and shipping containers, consumer packaging for cosmetic, home entertainment and other retail markets, and foodservice packaging. It also owns xpedx, a large North American distribution and logistics company.

International Paper is a former Dow Jones Industrial Average component, listed in the index from July 3, 1956 to April 7, 2004. It was one of three components to be replaced in the 2004 change with AT&T and Eastman Kodak.

Beginning February 1, 2007 the sale of the beverage packaging division was completed as New Zealand billionaire Graham Hart won the bid with nearly an 800 million dollar purchase. The division now operates under the Evergreen label.

On Monday March 17, International Paper, announced it is buying the containerboard unit of Weyerhaeuser Co. for $6 billion in cash.

In October 2007, International Paper formed a joint venture with Ilim Holding, Ilim Group, the alliance in the Russian forest sector.

[edit] Environmental record

International Paper is proud to provide information to the public about our sustainability initiatives and on our environmental record. Updated environmental performance data,which includes 2006 performance data, can be found at www.internationalpaper.com, [1]. If you would like more information please visit our website where you can also find our most up-to-date company information, annual report, Securities & Exchange filings and press releases.

Information on publicly reported environmental liabilities are available in our annual report and represent the most current information available on the company and its current operations and facilities. Researchers at the University of Massachusetts Amherst based on their collected data and a scoring method developed in house in 2002, identified International Paper as the 27th-largest corporate producer of air pollution in the United States, releasing more than 35 million pounds of toxic compounds into the air annually. Major pollutants included sulfuric acid, manganese compounds, chromium, and chlorine dioxide.^[3] International Paper has also been named a potentially responsible party in at least 31 Superfund sites.^[4] In 2001 the corporation was one of more than 40 parties found responsible for the estimated $US 20 million cleanup of the Tri-Cities Barrel toxic waste site near Binghamton, NY.^[5]

[edit] External links

• Company website
• "A Short History of International Paper: Generations of Pride" (Forest History Today, 1998)
• Inventory of the Champion International Corporation Image Collection, 1950 - 1979 in the Forest History Society Library and Archives, Durham, NC
• Yahoo profile