International Paper Company
Industry: Paper & Paper Products

International Paper (http://www.internationalpaper.com) is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As one of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative (R) (SFI(SM)) program, a system that ensures the continual planting, growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality. Headquartered in the United States, International Paper has operations in over 40 countries and sells its products in more than 120 nations.

Business Summary
International Paper Company (International Paper) is a global forest products, paper and packaging company that is complemented by a merchant distribution system, with primary markets and manufacturing operations in the United States, Europe, the Pacific Rim and South America. In the United States, at December 31, 2004, the Company operated 27 pulp, paper and packaging mills, 103 converting and packaging plants, 25 wood products facilities and seven specialty chemicals plants. Production facilities, at December 31, 2004, in Europe, Asia, Latin America and South America included seven pulp, paper and packaging mills, 42 converting and packaging plants, one wood products facility, two specialty panels and laminated products plants, and six specialty chemicals plants. The Company's businesses are separated into six segments: Printing Papers; Industrial and Consumer Packaging; Distribution; Forest Products; Carter Holt Harvey, and Specialty Businesses and Other.

Financial Summary
IP is a global forest products, paper and packaging company that is complemented by an extensive distribution system. For the 6 months ended 6/30/05, revenues rose 6% to $13.06B. Net income from continuing ops. rose 36% to $154M. Revenues reflect higher sales at the Industrial Packaging, Distribution, and Printing Papers businesses. Net income also reflects increased margins due to an improved pricing environment and fewer interest expenses.