Company type | Public |
---|---|
Industry | Pulp and paper |
Founded | 1898Corinth, New York, United States | in
Founders | |
Headquarters | Memphis, Tennessee, United States |
Area served | Worldwide |
Key people | Andrew Silvernail (CEO) |
Revenue | US$18.9 billion (2023) [1] |
US$667 million (2023) [1] | |
US$288 million (2023) [1] | |
Total assets | US$23.3 billion (2023) [1] |
Total equity | US$8.36 billion (2023) [1] |
Number of employees | 39,000 (2023) [1] |
Subsidiaries | Temple-Inland, CMCP, Cartón y Papel Reciclado S.A., Cartonajes Union S.L., ZAO, Weldwood of Canada, Castell, L.P., Sustainable Forests, Bolsaflex |
Website | internationalpaper |
The International Paper Company is an American pulp and paper company, the largest such company in the world. [2] It has approximately 39,000 employees, [3] and is headquartered in Memphis, Tennessee. [4] [5]
The company was incorporated January 31, 1898, upon the merger of 17 pulp and paper mills in the northeastern United States. Its founders and first two presidents were William Augustus Russell, who died suddenly in January 1899, and Hugh J. Chisholm. [6] Philip Tell Dodge, president of the Mergenthaler Linotype Company, served as its chairman for 11 years. [7] The invention of the Linotype dramatically increased the size of newspapers and the need for newsprint. The newly formed company supplied 60 percent of all newsprint in the country.[ citation needed ]
The Hudson River Mill in Corinth, New York, where the Sacandaga River joins the Hudson River, was a pioneer in the development of the modern paper industry in the late 19th century. [8] [9] The first wood-based newsprint paper mill in New York, it was built by Albrecht Pagenstecher in 1869. [10]
In the early 20th century, the Hudson River Mill was one of the company's largest plants and served both as its principal office, and a place where paper workers helped shape the direction of the industry's early labor movement.
After World War II, Hudson River Mill workers developed the production of coated paper for the company. Shifting economic forces resulted in the mill's closure in November 2002. [11] [12] The historic mill was slated for partial demolition during 2011. The work including asbestos removal was completed by Northstar Group Services. [13] [14] [15] [16]
Given the nature of their products, paper plants are highly flammable. Therefore, International Paper Company frequently used asbestos insulation in its walls, floors, and roofs as a protective measure. Asbestos insulation was also used on pipes and boilers throughout International Paper plants. This material intended to protect people turned out to severely damage their health [17] The producers did not reveal that their asbestos products were dangerous, even though asbestos was known to cause illnesses as far back as the 1920s. Consequently, many former employees of International Paper have been diagnosed with mesothelioma following decades of service. [18]
The book Betrayal of Local 14: Paperworkers, Politics, and Permanent Replacements was written about the strike at the Androscoggin Mill. The book was written by Julius Gerson Getman, who was an attorney representing the striking paperworkers.
In 1986, the company acquired the Hammermill Paper Company, founded in 1898, which managed eleven papermills nationwide, and had its corporate offices based in Erie, PA; in 1988, the Masonite Corporation; and in 1989, the German paper company Zanders Feinpapiere AG and the French paper manufacturer Aussedat Rey. In 1996, it purchased Federal Paper Board. [19] In 1999, the company purchased Union Camp Corporation, and in June 2000 Champion International. Additionally, it owned shares in the Chilean company Copec. [20]
This section contains promotional content .(November 2020) |
Andhra Pradesh Paper Mills Rajahmundry (APPM), which is now an International Paper company, is one of the biggest integrated paper and pulp manufacturing centers in India. The company produces writing, printing, and copier papers and paper boards for foreign and domestic markets. APPM's production facilities are two mills in Rajahmundry and Kadiam with a total production capacity of 240,000 TPD (Tons Per Day).[ clarification needed ]
In 2012, International Paper acquired Temple-Inland in a deal valued at $4.5 billion. Temple-Inland then became a wholly owned subsidiary of International Paper. At the time of sale, Temple-Inland's corrugated packaging operation consisted of 7 mills and 59 converting facilities as well as the building products operation. [21]
In 2005 and 2006, the company undertook a significant restructuring, selling over 6,000,000 acres (24,000 km2) of forestland in the U.S., along with its coated paper, kraft paper, wood products, and beverage packaging businesses, as well as subsidiaries Arizona Chemical and New Zealand-based Carter Holt Harvey. The coated paper business (four mills in Maine, Michigan and Minnesota) were sold to Apollo Management and now operate as Verso Paper. The kraft paper business (composed of a kraft paper mill in Roanoke Rapids, North Carolina and a dunnage bag plant in Fordyce, Arkansas) was sold to Kapstone Paper and Packaging and operates as Kapstone Kraft Paper. [22]
The beverage packaging business, now called Evergreen Packaging, was purchased by Carter Holt Harvey, following the purchase of CHH by Graeme Hart. The company sold its wood products division to West Fraser Timber, based in Vancouver, British Columbia. This included 13 sawmills, making West Fraser the second-largest producer of lumber in North America, after Weyerhaeuser Company.
Under pressure from budget sequestration in 2013, the federal government of the United States (IP's largest customer) moved from physical checks to cheaper electronic transactions.
The company's former logo was designed by American graphic designers Lester Beall and Richard Rogers in 1960. The logo featured the letters "I" and "P" which formed a stylized arrow also resembling a tree surrounded by a circle. A primary constraint in the design process was the need for a logo simple enough that it could be stenciled onto trees and lumber intended for paper production. [23] On March 7, 2023, the company announced a rebrand to coincide with the company's 125th anniversary. The rebrand included a new logo which features a stylized monogram, composed of green elements forming the two letters. Each of the elements features a straight top line and a rounded bottom. The dark green emblem is placed on the left from the two-leveled title case inscription in a modern sans-serif typeface, in black. [24]
International Paper Headquarters | |
---|---|
General information | |
Type | Office complex (four buildings) |
Location | Memphis, Tennessee |
Country | United States |
Current tenants | International Paper |
Owner | Highwood Properties Inc. |
Technical details | |
Floor count | 10 (for each tower) |
Design and construction | |
Architecture firm | The Crump Firm |
International Paper owns Tower I (at 6400 Poplar) and occupies the entire property and leases 50,000 square feet in Tower II (at 6410 Poplar) and all of Tower III (at 6420 Poplar). [25]
In 2000, International Place Tower III was designed and rests amid the two existing towers and courtyard. The Crump Firm designed the eleven-story, 234,000 square foot tower to include offices, conference rooms, training rooms and dining facilities. The exterior granite was bought and warehoused in the mid-1980s with the intent that its construction would mimic that of the earlier towers. However, inclusion of seismic criteria to the Memphis building code in 1994 made the initial design unable to move forward. Therefore, architects had to completely change the original structural design in order to adhere to the strict exterior dimensions needed to utilize the existing granite and to match the existing towers. [26]
In 2012, it was announced that International Paper was building a $90.2 million, 235,000-square-foot tower at 6430 Poplar Ave. in East Memphis. [25]
In addition to the four office towers at International Place, the company operates an airport hangar facility (at 2522 Winchester Road) and a Southwind data center at (3232 Players Club Parkway). Other company related facilities include a recycling center on South Third and two warehouse operations across Memphis. [25]
The company used to be the largest producer of plastic lids and paper cups, manufacturing for the fast-food giants McDonald's, Wendy's, Subway, but its consumer packaging division was sold to Graphic Packaging on January 2, 2018. Its wood products division was sold in 2007 to West Fraser Timber Co. Ltd., a company headquartered in Vancouver, British Columbia. The company produces printer and copier paper, envelopes, corrugated packaging and pulp.
The company is a former Dow Jones Industrial Average component, included in the index from July 3, 1956, to April 7, 2004. It was one of three components to be dropped in the 2004 change, together with AT&T Corporation and Eastman Kodak.
Beginning February 1, 2007, the sale of the beverage-packaging division was completed as New Zealand billionaire Graeme Hart won the bid with purchase price of nearly $800 million. The division now operates under the Evergreen label.
On March 17, 2008, the company announced it was buying the containerboard unit of Weyerhaeuser for $6 billion in cash.
In October 2007, it formed a joint venture with Ilim Holding, Ilim Group, the alliance in the Russian forest sector.
On July 1, 2014, the company announced the completion of the xpedx spinoff which merged with Unisource, creating an independent company, Veritiv Corporation.
On May 2, 2016, it announced the acquisition of Weyerhaeuser's cellulose fiber division. The acquisition was completed on Dec 1, 2016. [27]
On Oct 1, 2021 a spin-off was completed creating a stand alone company by the name of Sylvamo. Sylvamo's headquarters are also located in Memphis TN. Divested were the Printing & Communications (White Uncoated Freesheet) mills in Ticonderoga NY, Eastover SC, Mogi Guacu Brazil, Luiz Antonio Brazil, Tres Lagoas Brazil, Saillat France, and Svetogorsk Russia.
Newsprint is a low-cost, non-archival paper consisting mainly of wood pulp and most commonly used to print newspapers and other publications and advertising material. Invented in 1844 by Charles Fenerty of Nova Scotia, Canada, it usually has an off white cast and distinctive feel. It is designed for use in printing presses that employ a long web of paper, rather than individual sheets of paper.
Pulp is a fibrous lignocellulosic material prepared by chemically, semi-chemically or mechanically producing cellulosic fibers from wood, fiber crops, waste paper, or rags. Mixed with water and other chemicals or plant-based additives, pulp is the major raw material used in papermaking and the industrial production of other paper products.
Georgia-Pacific LLC is an American pulp and paper company based in Atlanta, Georgia, and is one of the world's largest manufacturers and distributors of tissue, pulp, paper, toilet and paper towel dispensers, packaging, building products and related chemicals, and other forest products—largely made from its own timber. Since 2005, it has been an independently operated and managed subsidiary of Koch Industries. As of fall 2019, the company employed more than 35,000 people at more than 180 locations in North America, South America and Europe.
The Weyerhaeuser Company is an American timberland company which owns nearly 12,400,000 acres of timberlands in the U.S., and manages an additional 14,000,000 acres of timberlands under long-term licenses in Canada. The company has manufactured wood products for over a century. It operates as a real estate investment trust (REIT).
Domtar Corporation is a North American pulp and paper company that manufactures and markets wood fiber-based pulp and paper products. The company operates pulp mills and paper mills in Windsor, Quebec; Dryden, Ontario; Kamloops, British Columbia; Ashdown, Arkansas; Hawesville, Kentucky; Plymouth, North Carolina; Marlboro County, South Carolina; and Kingsport, Tennessee. While Domtar operated independently for several decades and was listed on the Toronto and New York stock exchanges, the company was acquired by Paper Excellence Group in November 2021 and has since operated as a subsidiary.
Norske Skog ASA, formerly Norske Skogindustrier ASA, which translates as Norwegian Forest Industries, is a Norwegian pulp and paper company established in 1962. The company has long been one of the world's leading manufacturers of newsprint and magazine paper. Due to a declining market for publication paper, the company has increasingly focused on other uses of timber and recycled paper, such as packaging. The company is headquartered in Norway and has factories in five countries and an annual production of approximately 2 million tonnes of paper (2020).
Rexam plc was a British-based multinational consumer packaging company headquartered in London, England. After spending much of its life as a paper producer known as Bowater, it diversified and became a leading manufacturer of beverage cans. It had 55 plants in over 20 countries across Asia, Europe, North America and South America. In June 2016, Rexam was acquired by Ball Corporation for $8.4 billion.
In industrial chemistry, black liquor is the by-product from the kraft process when digesting pulpwood into paper pulp removing lignin, hemicelluloses and other extractives from the wood to free the cellulose fibers.
MacMillan Bloedel Limited was a Canadian forestry company headquartered in Vancouver, British Columbia. The company was formed in 1951 as MacMillan and Bloedel through the merger of Bloedel, Stewart and Welch with the H. R. MacMillan Export Company. MacMillan and Bloedel then merged in 1959 with the Powell River Company to form MacMillan, Bloedel and Powell River, before adopting its final name in 1966. It was acquired by Weyerhaeuser in 1999.
Catalyst Paper Corporation is a pulp and paper company based in Richmond, British Columbia. It operates five pulp mills and paper mills, producing a combined 1.8 million tonnes of paper and 491,000 tonnes of market pulp annually. The mills mostly produce magazine paper and newsprint.
Paper is a thin sheet material produced by mechanically or chemically processing cellulose fibres derived from wood, rags, grasses, herbivore dung, or other vegetable sources in water, draining the water through a fine mesh leaving the fibre evenly distributed on the surface, followed by pressing and drying. Although paper was originally made in single sheets by hand, almost all is now made on large machines—some making reels 10 metres wide, running at 2,000 metres per minute and up to 600,000 tonnes a year. It is a versatile material with many uses, including printing, painting, graphics, signage, design, packaging, decorating, writing, and cleaning. It may also be used as filter paper, wallpaper, book endpaper, conservation paper, laminated worktops, toilet tissue, currency, and security paper, or in a number of industrial and construction processes.
Gaylord Container Corporation was an American integrated manufacturer of packaging materials, primarily corrugated containers. Operating from 1986 until 2002, most of the company's facilities were originally part of Crown Zellerbach's container division. Based in Deerfield, Illinois, a suburb north of Chicago, Gaylord Container completed its initial public offering in July 1988 and was listed on the American Stock Exchange. After less than 16 years as a company, it was acquired by a competitor, Temple-Inland, in early 2002, which was acquired by International Paper a decade later in 2012.
The Tasman Mill site is a pulp and paper mill located on Fletcher Avenue just outside the town of Kawerau in New Zealand. The Tasman Mill site is the largest single employer in the Eastern Bay of Plenty region. Three pulp or paper companies previously operated in Kawerau: Norske Skog operated the mechanical pulp mill and newsprint paper mill; Oji Fibre Solutions, formerly Carter Holt Harvey, operated the kraft pulp mill; and SCA who manufacture tissue and base paper.
The Great Lakes Paper Company was the operator of the largest and most modern pulp and paper manufacturing facility in the world. The Company employed over 4,000 in Northern Ontario, starting in 1924 as a pulp mill at Fort William, Ontario. Great Lakes had a highly developed social network within the company, including a children's Christmas party held at a local arena, and an annual picnic held at a local park, as well as many sports teams and other social groups. The company's working environment was enhanced by cultural diversity. For example under the Government of Canada's immigration policy, the "Close Relatives Scheme" resulted in over 400 Ukrainian refugees being employed as workers after World War II.
KapStone Paper & Packaging was an American pulp and paper company based in Northbrook, Illinois. It was founded in 2005 as Stone. Since November 2018 it has been a subsidiary of WestRock Company.
The Simpson Investment Company is a privately held holding company based in Seattle, Washington in the US Pacific Northwest that specializes in manufacture of forest products. Founded as a logging company in 1890 by Sol Simpson, the company is now owned by the Reed family.
The Dryden pulp mill, also known as the Reed Mill, is a paper and pulp mill in Dryden, Ontario. During the 1960s and 70s, mercury poisoning from the mill caused one of Canada's worst environmental disasters: Dryden Chemicals Ltd dumped mercury into the English-Wabigoon River, upstream of Grassy Narrows First Nation, poisoning the fish which were their staple food. Members of the Grassy Narrows and the Whitedog communities downstream from the mill suffered severe mercury poisoning.
Biron Mill is a pulp mill and paper mill located in the US town of Biron, Wisconsin, in the outskirts of Wisconsin Rapids. Now part of Nine Dragons Paper Holdings Limited, the mill passed through many hands in its history including Grand Rapids Pulp and Paper Company, which became Consolidated Papers, Stora Enso, NewPage Catalyst Paper and ND Paper. The mill has two paper machines which produce brown packaging paper with 315 full time employees as of April of 2023 down from 425 employees as of 2015.
The History of Papermaking in New York had its beginnings in the late 18th century, at a time when linen and cotton rags were the primary source of fibers in the manufacturing process. By 1850 there were more than 106 paper mills in New York, more than in any other state. A landmark in the history of papermaking in the United States was the installation of the first Fourdrinier machine in the country at a mill in Saugerties, New York, in 1827. Papermaking from ground-wood pulp began in New York in 1869, with the establishment of the Hudson River Pulp & Paper Company in Corinth and also with the work of Illustrious Remington and his sons in Watertown. The innovation and success of the Remingtons spurred further development of the industry in the state.