International Paper has announced a series of operational changes aimed at reinforcing its strategic focus on North American packaging.
خواندن ادامه مطلبآرشیو برچسب های: international paper
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خرداد
خرداد
Nearly five months into a pivotal year, International Paper is advancing a sweeping transformation strategy marked by a major acquisition, targeted mill closures, and an intensified focus on operational efficiency.
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فروردین
فروردین
International Paper (IP) and DS Smith announced that they have reached a takeover agreement, resulting in a 66.3 per cent ownership of IP in the combined company and 33.7 per cent for DS Smith shareholders, implying a transaction value of about $9.9bn
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دی
دی
International Paper announces the appointment of Santiago Arbelaez as the Chairman of the Paper and Packaging Board (P+PB) Board of Directors. This leadership appointment was made by USDA Secretary Tom Vilsack and marks a pivotal moment for the organization.
As the Chairman, Arbelaez will collaborate closely with the P+PB leadership team and the eight-member Board of Directors responsible for funding the Paper & Packaging – How Life Unfolds® campaign. The campaign is a national promotion program centered around sustainability within the paper and packaging sectors.
In addition to this appointment, Arbelaez will continue serving as the Vice President of Strategy for International Paper’s Industrial Packaging business, bringing a wealth of experience and strategic insight to his role as Chairman of the P+PB Board.
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آذر
آذر
Foundry’s Computerworld announces International Paper as a 2024 Best Places to Work in IT. This award recognizes the top organizations that challenge their IT staffs while providing great benefits and compensation. Organizations will be included in coverage on Computerworld.com along with results from the 2024 Best Places to Work in IT survey.
“It’s an honor for International Paper to once again be recognized as a Best Place to Work in IT,” said Mike Anderson, Vice President and Chief Information Officer. “As technology continues to advance at an accelerated pace, we acknowledge that everything we do begins with our people and is informed by our strong company culture and core values. Our teams embrace safety, diversity, inclusion, and engagement as the launching pad to deliver digital services and solutions that are essential to our company’s operations and our customer’s continued success.”
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08
آبان
آبان
International Paper recently reported third quarter 2023 financial results.
Q3 2023 highlights include:
- Net earnings of $165 million ($0.47 per diluted share); Adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share)
- $۷۵ million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $195 million, exceeding full-year targets
- Cash provided by operations of $468 million, bringing year-to-date to $1.3 billion
- Returned $160 million to shareholders in dividends, bringing year-to-date to $679 million in share repurchases and dividends
- Completed the sale of our Ilim Joint Venture interest for $508 million
“Our third quarter results came in as expected, and we are encouraged by continuing demand recovery across our portfolio,” said Mark Sutton, Chairman and Chief Executive Officer. “We exceeded our full-year target for Building a Better IP through commercial and process improvement initiatives. Our operations continue to perform reliably with a focus on controlling costs. However, in this challenging macro environment, we are not satisfied with our absolute results. We are taking actions to structurally reduce fixed costs in our mill system, while optimizing our supply chain and investing in our box capabilities to grow with customers.”
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مهر
مهر
International Paper announced a series of actions to further strengthen and optimize its manufacturing system to meet customers’ needs. The company will permanently close its containerboard mill in Orange, Texas, and will permanently cease production on two of its pulp machines – the #20 machine in Riegelwood, N.C., and the #4 machine in Pensacola, Fla.
“Decisions like these are extremely difficult, because of the impact on our employees, their families and the communities in which we operate,” said Chairman and CEO Mark Sutton. “We are grateful to our employees in Orange, Riegelwood and Pensacola for their significant contributions to the company over the years. We are committed to providing severance benefits, outplacement assistance and more to help employees during this time.”
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شهریور
شهریور
International Paper announced that it has completed the sale of its 50% interest in Ilim SA, the holding company for its Ilim joint venture (JV), to its JV partners for $484MM (USD) in cash.
In addition, the Company completed the sale of its outstanding shares in JSC Ilim Group to its JV partners for $24MM (USD) in cash and is divesting other non-material residual interests associated with Ilim.
With the completion of these transactions, International Paper has divested all of its ownership interests in Ilim.
International Paper is a global producer of planet-friendly packaging, pulp and other fiber-based products, and one of North America’s largest recyclers. Headquartered in Memphis, Tenn., International Paper employs approximately 39,000 colleagues globally who are committed to creating what’s next.
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شهریور
شهریور
International Paper recently celebrated the opening of its newest state-of-the-art corrugated packaging facility in Atglen, PA. The new $100 million facility is providing more than 100 manufacturing jobs to Atglen and the surrounding communities. The new facility will produce corrugated packaging for produce, processed food, beverage, shipping, distribution and e-commerce customers.
IP’s new $100 million packaging plant is providing more than 100 manufacturing jobs to Atglen, PA. The new facility will produce corrugated packaging for produce, processed food, beverage, shipping, distribution and e-commerce customers.
IP’s new $100 million packaging plant is providing more than 100 manufacturing jobs to Atglen, PA. The new facility will produce corrugated packaging for produce, processed food, beverage, shipping, distribution and e-commerce customers.
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شهریور
شهریور
International Paper announced that Chairman and CEO Mark Sutton has requested that the Board of Directors move forward with the next phase of the company’s CEO succession plan. This phase in the process will include a comprehensive evaluation of internal and external candidates for Sutton’s successor. Sutton will continue in his role as chairman and CEO until his successor is in place.
“I am confident that this is the right time to initiate this phase of our multi-year succession plan,” said Sutton. “Our experienced leadership team, refined business portfolio, ongoing execution of our transformation strategy and strong balance sheet position the company for our next leader to capitalize on significant opportunities for profitable growth. I look forward to working with our Board of Directors on this phase of the process. I will continue to lead the management team to ensure the company’s success and a seamless handoff to my successor.”
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مرداد
مرداد
International Paper (IP) reported Q2 2023 financial results. Net earnings were $۲۳۵ million ($۰.۶۸ per diluted share), Adjusted operating earnings were $۲۰۴ million ($۰.۵۹ per diluted share).
“In the Q2, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building a Better IP initiatives, including our commercial improvement and cost management opportunities. The benefits of that work and our strong financial foundation position International Paper well as we navigate the current economic environment.”
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08
مرداد
مرداد
The Paper Excellence Group (Paper Excellence) today announced its updated organizational structure for its business units following the recent acquisitions of Resolute Forest Products in March 2023 and Domtar in November 2021.
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اردیبهشت
اردیبهشت
International Paper announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation to purchase up to 3,000,000 shares of International Paper Company common stock from International Paper shareholders. The offer represents approximately 0.86 % of International Paper’s shares of common stock outstanding as of the May 9, 2023 offer date. TRC Capital’s offer price of $30.67 per share is approximately 4.51% lower than the $32.12 closing price of International Paper common stock on the NYSE on May 9, 2023.
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اسفند
اسفند
The 8th Paper One Show 2023, the leading international paper and paper products trade fair, is hosting more than 170 exhibitors from 30 countries.
The 8th Paper One Show attracts over 170 exhibitors from 28 countries.
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