International Paper

International Paper Unveils Multimillion Dollar Investment at Georgia Mill
September 18, 2013

On Tuesday, International Paper unveiled plans to invest up to $150 million to upgrade equipment and expand its linerboard mill in Coosa, GA, The Rome News-Tribune reported Wednesday morning.

In an online story by The Rome News-Tribune, International Paper plant manager Devin Nix said the investment ensures the Georgia facility, which employs more than 400 workers, will stay competitive.

"We've got very hardworking families who live in this community and we're very proud to have this investment going into the facility," Nix told The Rome News-Tribune.

IP to Close Alabama Mill in Q1 2014, Impacting 1,100 Jobs
September 13, 2013

MEMPHIS, TN—International Paper announced plans to permanently close its Courtland, AL, mill, a facility that is part of the company's Printing and Communications Papers Business. The mill will shut down in stages with a full closure expected to be complete by the end of the first quarter of 2014. This mill closure will reduce IP's North American uncoated and coated freesheet paper production capacity by 950,000 tons, of which 765,000 is uncoated freesheet.

International Paper to Permanently Close its Courtland, AL, Mill
September 11, 2013

International Paper will permanently close its Courtland, AL, Mill, a facility that is part of the company's Printing and Communications Papers Business. This mill closure will reduce IP's North American uncoated and coated freesheet paper production capacity by 950,000 tons, of which 765,000 is uncoated freesheet.

International Paper Announces $1.5B Share Repurchase Program
September 10, 2013

International Paper's board of directors has authorized a share repurchase program to acquire up to $1.5 billion of the company's common stock. The company intends to repurchase such shares over the next two to three years in open market repurchase transactions. Also today, the company announced its board of directors is raising the company's quarterly dividend by 17 percent.

International Paper Announces Significant Progress on 2020 Sustainability Goals
June 27, 2013

A new 2012 Sustainability Report has been published by International Paper, revealing progress against its voluntary goals including certified fiber use, greenhouse gas (GHG) emission reductions, and water quality improvement. The report also highlights collaborations with prominent sustainability organizations including the World Wildlife Fund (WWF), the World Business Council for Sustainable Development (WBCSD), and the National Fish and Wildlife Foundation.

Merger of xpedx, Unisource Would Create Mega-Merchant
June 1, 2013

International Paper is in talks with Norcross, GA-based Unisource regarding a proposed business combination of xpedx, International Paper's distribution business, and Unisource. The discussions were initiated when Unisource approached International Paper about a possible merger and, on April 19, the parties entered into a non-binding letter of intent to explore a possible transaction.

Fish Kill Hooks Paper Mill for $3.3M in Fines
May 31, 2013

AUSTIN, TX—The 2011 release of black liquor into the Pearl River in Louisiana has cost Temple-Inland $3.3 million in fines, The Advocate reported. The paper firm, a business of International Paper, was also sentenced to two years probation by U.S. District Judge Ivan Lemelle.

CGX Lines Up Keynoters for emerge Conference
April 26, 2013

HOUSTON—Leading, innovative executives from Nike, MGM Resorts International, United Airlines and The Leo Burnett Co. are featured keynote speakers at Consolidated Graphics' fifth annual emerge conference, to be held April 30-May 2 in Las Vegas.

IP Signs Letter of Intent to Explore xpedx, Unisource Combination
April 22, 2013

International Paper is in talks with Unisource regarding a proposed business combination of xpedx, International Paper's distribution business, and Unisource. The discussions were initiated when Unisource approached International Paper about a possible merger, and on April 19, 2013, the parties entered into a non-binding letter of intent to explore a possible transaction.

Rochester Businesses Work with World War II Veterans to Preserve Their Stories
November 12, 2012

Kodak, Monroe Litho, Book1One, and International Paper have teamed up with the Rochester Institute of Technology to help veterans from New York’s Genesee Valley Chapter of Veterans of the Battle of the Bulge compile their personal accounts into a new limited-edition book, titled “The Battle in Common.”