Archive for the ‘International Paper’ Category

The paper industry often claims to be green. This story from the US reveals that the paper industry has one goal above everything else: making a profit. The environment is irrelevant to the industry, provided that goal is met.
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In an interview with Pulp and Paper International, Thomas E. Gestrich, president, International Paper Asia and senior vice president, International Paper expands on the company’s plans in Indonesia:
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Press release from Rainforest Action Network, 12 May 2008:

SAN FRANCISCO, CALIFORNIA – May 12 – Rainforest Action Network and ForestEthics today condemned a proposal by U.S.-based International Paper to build a pulp mill and establish 1.2 million acres of plantation forest in the heart of the Indonesian rainforest. The groups urged International Paper, which is holding its Annual General Meeting today, to not violate its own paper policy and to abandon its plans to expand into Indonesia, a global warming and biodiversity hot spot.
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Two pieces of news. One involves a pulp and paper giant and the other an industry association. Both are lobbying government to further their interests.
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Xinhua reports that International Paper is planning to spend US$4 billion on a pulp mill and 500,000 hectares of industrial tree plantations in Central Kalimantan and West Papua. The pulp mill would have a capacity of 1.5 million tons a year.
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Since July 2005, International Paper has been carrying out a major restructuring. In the process the company has sold US$9.7 billion worth of assets. IP plans to gain a total of US$11 billion through the sales of assets – more than 30% more than the companies first estimates.

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Stora Enso continues its expansion in the South with the purchase of 100% of the shares in Vinson Indústria de Papel Arapoti Ltda. and Vinson Empreendimentos Agricolas Ltda. from International Paper.

The US$420 million deal includes a 205,000 t/yr paper mill, a 150,000 m3/yr sawmill and 50,000 hectares of land (of which 30,000 hectares are plantations). The operations are at Arapoti, in the state of Paraná.

RISI reports that Votorantim Celulose e Papel (VCP) is in talks with International Paper (IP) about buying part of IP’s Tres Lagoas project.

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