Tag: International Paper

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

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

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

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

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

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

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...

Russian Timber Journal №04-2019: In 2018, the world sawn timber trade fell for the first time in five years; analytical study of WhatWood on the market of raw timber in Russia; decline in prices and volumes of trade in sawn timber on world markets; another record of China’s imports of round timber

Russian Timber Journal №04-2019: Russian Timber Journal 04-2019: In 2018, the world sawn timber trade fell for the first time in five years; WhatWood’s interview with CEO of RFP Group Dmitry Valtfogel; disbalance between the demand and supply...

Russian Timber Journal №01-2019: the eight-year work of the existing head of Rosleskhoz was assessed as unsatisfactory; WhatWood summarizes the preliminary results of the LPK for 2018; the company “Solikamskbumprom” took a loan of 27 million euros; Segezha Group completed the design of a new pulp and paper mill in the Krasnoyarsk region; prices and volumes of production of LPK in Russia for 4Q 2017-2018

Russian Timber Journal №01-2019: summed up the first results of the LPK for 2018; basic prices for round wood and lumber; prices for the products of LPK in Russia for 2017-2018; exchange rates to the US dollar from...

Russian Timber Journal No. 11-2018: revenue of Top 100 forest industry companies in Russia continues to grow, but at a slower pace; months of this year summarizes the results of Pap-For Russia-2018; Ivan Valentik offers a conceptual reform of the system of distribution of powers

Russian Timber Journal №11-2018  From November 13 to November 16 in St. Petersburg hosted the XV international exhibition and forum Pap-for 2018 The exhibition, which is held every two years, was attended by 209 exhibitors from 17 countries,...

Global timber market review #6-2016

– A new deal is being negotiated for sawn softwood exports from Canada to the US market, after the 2006 Softwood Lumber Agreement expired last October, ITTO reported. The US president and Canadian prime minister announced at a...

Global Trends Review, April 29 – May 05, 2013: Canadian quarterly reports: NBSK up, paper down, and OSB surging

Major Canadian and North-West U.S. companies posted first-quarter results last week. Mercer International Inc., operating in Canada and Germany, reported net loss of €0.4 million compared to net income of €1.2 million in 1Q 2012. Total revenues for...