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International Paper

25.10.2017 0

Graphic Packaging and International Paper form paper-based packaging giant

Graphic Packaging and International Paper have partnered to create an integrated paper-based packaging company with revenues of six billion USD. 

The partnership combines the Graphic Packaging’s existing businesses and International Paper’s North America Consumer Packaging business. Graphic Packaging owns 79.5% while International Paper owns 20.5% of the partnership.  

The partnership expands existing and builds new platforms for integrated growth in SBS foodservice markets and folding carton converting. 

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04.10.2017 0

International Paper unloads $1.3 billion

International Paper unloads USD 1.3 billion in pension obligations to No. 2 U.S. life insurer Prudential Financial. The company expects to take a pretax non-cash pension settlement charge of approx USD 400 million in Q4.  

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20.09.2017 0

IP expects hurricanes to have $35M negative impact on earnings

International Paper Co. calculated that the Hurricanes Harvey and Irma will have a $35 million negative impact in the company’s performance at the third quarter. They are also expecting ongoing effects to the supply chain and input costs.

Some of the company’s plants are affected by the hurricanes, but are already on the works to have an orderly start-up.

The company also donated $1 million, and 175,000 boxes to aid the communities hit by Harvey.

 

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10.08.2017 0

International Paper and de Jong Verpakking announce marketing cooperation

International Paper and de Jong Verpakking announced today that the companies entered into a marketing cooperation agreement. The companies agreed to consider jointly bidding for the supply of corrugated fruit & vegetables packaging to the pan-European retail segment in cases where each of them objectively would not be able to service a particular tender on its own.

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