At the conclusion of the rationalization program, International Paper will have approximately 3.9 million tons in U.S. uncoated papers production capacity, 1.3 million tons in North American market pulp capacity and 4.7 million tons of U.S. containerboard capacity.
"Our actions will improve our earnings and ROI," points out John Faraci, executive vice president and CFO of International Paper. "This plan will improve our EBIT on an annual basis by more than $100 million vs. third quarter 2000, during which we took substantial downtime resulting in significant inefficiencies. We can improve the competitive position of our North American paper assets, sharpen our business focus and improve our profitability. Future capital expenditures will also be reduced as a result of these actions."
- Companies:
- International Paper
- People:
- John Dillon
- Mills