International Paper Company (NYSE:IP), founded in 1898, is a century-old company headquartered in Memphis, Tennessee, USA, with 52,000 full-time employees, and is currently the world’s largest paper product manufacturer.
International Paper (IP):
International Paper Co. is mainly engaged in the production of paper and packaging products. The company is divided into 4 departments to operate: Industrial Packaging, Global Cellulose Fibers, Printing Papers , and Consumer Packaging (consumer product packaging).
1. Industrial Packaging -engaged in the production of corrugated cardboard, including kraft laminated paperboard, corrugated core paper, white kraft laminated paperboard, recycled kraft laminated paperboard, recycled corrugated core paper and saturated kraft paper.
2. Global Cellulose Fibers ——Provide professional pulp and fiber for absorbent sanitary products, tissues and paper products, non-absorbent applications.
3. Printing Papers -production of printing and writing paper, such as uncoated paper, including brochures, greeting cards, books, annual reports and direct mail catalogs, as well as envelopes, business forms and folders. The division sells its uncoated paper under brands such as Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy.
4. Consumer Packaging ——Provide coated paperboard for various packaging and food service end uses, such as food, cosmetics, medicine and tobacco products. Its coated paper brands include Everest, Fortress, and Starcote. The department also produces cups, lids, food containers and plates.
International Paper (IP) History:
- On January 31, 1898, in Albany, New York, 17 pulp and paper workshops merged to form the International Paper Company. In the early days of the company’s establishment, 60% of the paper needed by the U.S. journalism was produced by the International Paper Company, and the products were also exported. To Argentina, England and Australia.
- In 1941, International Paper completed a large-scale institutional reorganization and capital reorganization, simplifying the company’s structure.
- In 1956, the International Paper Company acquired Long-Bell Wood Company and expanded its business to areas other than papermaking.
- In 1959, branches were opened or joint venture investments were made in Israel, Germany, Greece, and Italy.
- In the 1960s, International Paper merged with a number of container manufacturers, including Catania in Italy, Bilbao in Spain, Arles and Mortagne in France.
- In 1986, International Paper acquired the Hammermill Paper Company, which was founded in 1898.
- In 1988, International Paper acquired Masonite Corporation.
- In 1989, acquired German paper company Zanders Feinpapiere AG and French paper company Aussedat Rey.
- In 1996, International Paper acquired Federal Paper Board.
- In 1999, International Paper acquired Union Camp Corporation.
- In 2000, IP acquired Champion International Paper; in the same year, it bought shares in Chilean paper company Copec.
- In 2001, International Paper and Pacific Millennium Co., Ltd. (Pacific Millennium) jointly established the International Pacific Millennium Paper Group (IPPM).
- In 2005, International Paper acquired 100% equity of International Pacific Millennium Paper Group IPPM.
- From 2005 to 2006, the company experienced a severe recession and had to sell 24,000 km 2 of forest and two subsidiaries-Arizona Chemical and Carter Holt Harvey.
- In October 2006, International Paper and Shandong Sun Paper Co., Ltd., China’s largest private paper company, established a joint venture company to produce coated white cardboard. International Paper currently holds 55% of the shares.
- On February 1, 2007, International Paper sold its beverage-packaging division to New Zealand billionaire Graeme Hart for US$800 million.
- On March 17, 2007, IP acquired Weyerhaeuser’s containerboard business for US$6 billion in cash.
- In October 2007, Ilim Group, a joint venture between International Paper and the Russian Forest Sector Alliance, was established.
- In 2007, it sold its timber products division to West Fraser Timber Co. Ltd., which is engaged in printer/copier paper, envelopes, corrugated box packaging, transport containers, consumer product packaging paper (such as : Production of cosmetics, retail markets, food packaging), etc.
- In May 2010, International Paper acquired 15 factories in Asia of SCA (SCA), including 13 corrugated box factories and 2 special packaging factories, and successfully received and operated them in July of the same year.
- In 2011, International Paper acquired a majority (53.5%) stake in Andhra Pradesh Paper Mills, India’s largest comprehensive paper and pulp manufacturing company, and the remaining minority shares are publicly traded on the Bombay Stock Exchange in India.
- In September 2011, International Paper acquired Temple-Inland for US$4.3 billion.
- On October 17, 2011, International Paper Corporation acquired a 21.5% stake in India’s Andhra Pradesh Paper Company from the secondary market for 105 million US dollars. So far, American International Paper acquired a total of 3/4 of the Indian APPM Paper Company in 2011, thus realizing the expansion of the Indian paper industry.
- In 2013, the US Federal Government, the largest client of IP, changed the physical examination from a paper physical examination form to an electronic document, which had a huge impact on the company’s performance.
- On July 1, 2014, International Paper announced the spin-off of xpedx Inc and merged it with Unisource to form a new independent company-Veritiv Corporation.
- On June 6, 2018, International Paper abandoned its bid for Smurfit Kappa.
As of December 31, 2009, International Paper is the world’s largest manufacturer of paper products, such as the production of freshly mixed beverage cups (such as the Coke cups used in McDonald’s and Wendy’s restaurants ), and has pulp and paper mills in the United States There are 21 packaging factories, 146 carton processing and packaging factories, 19 recycling paper factories, and 3 paper bag factories (including the cardboard paper, packaging and recycling business units that were acquired from Huihao in August 2008); In Europe, Asia, Latin America and South America, there are 8 pulping, paper and packaging plants, 53 carton processing and packaging plants, and 2 recycling paper plants; in the United States, there are 237 companies engaged in printing, packaging, graphic arts, and maintenance And industrial product distribution stores; 35 distribution departments in Canada, Mexico and Asia. In addition, the company owns or manages approximately 200,000 acres of forest land in the United States and approximately 290,000 acres of forest land in Brazil; the company also owns logging rights on forest land owned by the Russian government through licenses or forest management agreements.