2020-12-03 07:22:10 IP International Paper
12/03/20 12/0307:22 12/03/2007:22 | International Paper expects $350-$400M in additional annual earnings by 2023International Paper intends to accelerate profitable growth in Industrial Packaging in North America and Europe, the Middle East and Africa and improve the returns of its Global Cellulose Fibers business. International Paper will continue its joint venture with Ilim Holdings in Russia. The company intends to reduce its cost structure and accelerate earnings. International Paper expects to generate an additional $350M-$400M of annual earnings by the end of 2023, including $50M-$100M in annual incremental earnings growth and $300M in structural cost reductions. Following the completion of the Printing Papers spin-off transaction, International Paper expects to have approximately $17B in sales, 85% in Industrial Packaging and 15% in Global Cellulose Fibers. |
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