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International Paper to Sell its 50 percent Ownership in ILim Russia for USD 484 Million

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IP has agreed to sell 50 percent of its ownership interests in Ilim SA, Russia, the holding company of its Ilim joint venture, to its joint venture partners for USD 484 million. February 24, 2023 International Paper (IP) has entered into an agreement to sell its 50 percent interest in......
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International Paper to Invest USD 103 Million in Iowa Containerboard Mill

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International Paper will invest USD 103 million for the construction of two natural gas-based boilers in its Containerboard Mill in Cedar Rapids, Iowa. The boilers will replace the existing steam-based boiler of the company and will become operational in 2025. February 23, 2023 International Paper (IP) will invest approximately USD......
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International Paper to Spin-off Printing Papers Segment

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The spin-off is being planned to boost International Paper’s profitable growth in industrial packaging in North America and Europe, the Middle East and Africa. December 7, 2020 International Paper (IP) has announced its plans to spin-off its printing papers segment to focus more on its industrial packaging segment. A standalone......
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Mondi to Acquire Turkish Corrugated Packaging Firm Olmuksan

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Following the completion of the transaction, Mondi will launch a mandatory tender offer to acquire the remaining 9.62% of outstanding shares in the Company held by minority shareholders. January 5, 2021 Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş......
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International Paper Further Dilutes 17.2 Percent Share in IP APPM

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International Paper Co., which earlier has sold off its controlling interest in India based writing and printing paper business International Paper APPM Limited (IP APPM) to West Coast Paper Mills Limited (WCPL) last year, has become a minority shareholder of IP APPM. June 26, 2020 As reported in a leading......
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Paper Companies Buoyed by Sales Improvement and Demand Pick-up

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Market leader JK Paper posted a 72 per cent jump in December quarter profit to Rs 120.26 crore this year, compared to Rs 69.81 crore in the corresponding quarter last year. February 22, 2019 Improved market conditions have improved sales and profitability of paper mills in the December quarter with......
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Smurfit Kappa Breaks Ground for New Recovery Boiler at Nettingsdorf Paper Mill

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As part of EUR 134 million investment plan, the new recovery boiler will increase the profitability and sustainability of the mill. October 23, 2018 Global packaging company Smurfit Kappa has marked the beginning of the rebuild of a recovery boiler with a ground-breaking ceremony at its Nettingsdorf Paper Mill in......

Cheng Loong, Taiwan invests in new tissue line

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July 24, 2014 Voith and Cheng Loong Corp. signed the tissue machine contract for Cheng Loong TM 16 on July 18, 2014 in Taipei, Taiwan. This order continues the successful partnership between the companies Cheng Loong and Voith. The TM 16 will be installed in Chupei, Taiwan, and will start......

International Paper to manufacture HP premium copier products in India

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Day 3-4 Newsletter, 26-27th October 2013 • International Paper is the exclusive and only manu-facturer of HP branded copier paper across the globe • HP 75 gsm was previously imported into India from IP’s US and Brazil operations International Paper announced that its mill at Rajahmundry, The Andhra Pradesh Paper......