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Tag: International Paper

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an order from Siempelkamp

Russian Timber Journal 02-2021: interview with Russ Taylor, President of Russ Taylor Global; Russian sawn timber market in 2020, outlook for 2021; Metsä Fibre going ahead with € 1.6 billion Kemi bioproduct mill investment; Segezha Group acquires Novoyeniseiskiy Wood Chemical Complex; Uvadrev places an...

International Paper to sell Kwidzyn mill in Poland

15 February 2021 ` 18:50  
International Paper has entered into an agreement to sell the Kwidzyn pulp and paper mill and supporting operations to Mayr-Melnhof Karton AG for €670 million (approximately $812 million) in cash, subject to closing adjustments for net debt and...

International Paper sells its corrugated packaging business in Turkey to Mondi Group

10 February 2021 ` 13:23  
International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately € 66 million. The Olmuksan business includes corrugated packaging facilities in Turkey with an approximate annual revenue of TRY 1,093...

In Q3 2020, International Paper’s loss from participating in Ilim Group reached $33 million

4 December 2020 ` 18:05  
In Q2 2020, a profit of $63 million was reported. Deteriorating financial performance was caused by higher planned maintenance expenses. Besides, reduced prices for wood pulp and paper in the domestic and foreign market was compensated by growing...

International Paper reports 2Q 2020 results

4 August 2020 ` 19:08  
International Paper Company IP reported 2Q 2020 net sales declined to $4,866 million in 2Q from the year-ago quarter’s $5,667 million. The reported figure also missed the Zacks Consensus Estimate of $5,124 million. Adjusted cost of sales was...

Trend in revenue decline of major timber industry players

19 May 2020 ` 13:26  
Many forest-industry companies reported that they reduced revenues or reduced EBITDA margin in 2019. Mondi Group reduced revenue by 3% to € 7.268 billion. International Paper reduced revenue by 3.99% to $ 23.376 billion. Russian forest-industry companies also...

International Paper reaches agreement to sell its Brazilian corrugated packaging business

14 May 2020 ` 18:28  
IP has entered into an agreement to sell its Brazilian corrugated packaging business to Klabin S.A. for R$330 million, with R$280 million to be paid at closing and R$50 million one year thereafter, subject to certain adjustments. This...

Russian Timber Journal 05-2019: WhatWood interview with CEO of Altailes; Causes of dropping prices for Russian plywood; Wood product exports hit by US tariffs; Rosleskhoz supported distant monitoring of forests; WhatWood’s study of Russian forest products exports and imports for 4 years; Sawmill profit margins fell substantially in North America

Russian Timber Journal 05-2019: WhatWood interview with CEO of Altailes; Causes of dropping prices for Russian plywood; Wood product exports hit by US tariffs; Rosleskhoz supported distant monitoring of forests; WhatWood’s study of Russian forest products exports and...

International Paper announced its intention to sell its business in India

2 June 2019 ` 19:00  
On May 29, 2019, International Paper entered into an agreement with West Coast Paper Mills Limited (WCPM, India) to sell a controlling stake in International Paper APPM Limited, according to the press service of International Paper. International Paper...