[RECORD NOMINATION] America Records Institute (AMRI) – P12. The International Paper Company (United States) : The largest pulp and paper company in America.

21-02-2020

(WorldKings.org) The International Paper Company headquartered in Tennessee, United States. It is the largest pulp and paper company in America.

The company are one of the world’s leading producers of fiber-based packaging, pulp and paper, with more than 52,000 employees and more than 25,000 customers in 150 countries.

 

 

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, and Hugh J. Chisholm.  Philip Tell Dodge, president of the Mergenthaler Linotype Company, served as its chairman for 11 years. 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.

 

 

 

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 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.

 

 

On March 17, 2008, the company announced it was buying the container board unit of Weyerhaeuser for $6 billion in cash. On May 2, 2016, it announced it was purchasing the cellulose fiber division of Weyerhaeuser. The acquisition was completed on Dec 1, 2016.

 

 

According to en.wikipedia


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