International Paper
International Paper is an American pulp and paper company, the largest pulp and paper company in the world and the largest private owner of timberland in the United States. It has approximately 91,000 employees. Its headquarters are in Stamford, Connecticut.
| Financial Information
|
|---|
| | 2002 | 2001 |
|---|
Net Sales
(US$M) | 24,976 | 26,363
|
Net Income (Loss)
(US$M) | (880) | (1,200)
|
International Paper was formed in January 1898 by the merger of 17 pulp and paper mills in the northeastern U.S. Through acquisitions and capital investment, the company grew both in the United States and internationally. In 1986 it acquired the HammerMill Paper Company, in 1988 the Masonite Corporation, and in 1989 the German paper company Zanders Feinpapiere AG and the French paper manufacturer Aussedat Rey. In addition, International Paper has shareholdings in the New Zealand paper company Carter Holt Harvey and in the Chilean company COPEC.
Its ticker symbol on the NYSE is IP.
