International Paper fully divests Russian interests
The Memphis-based company first announced in January it would sell its remaining interest to its joint venture partners for $484 million.
There are 4 article(s) tagged Ilim Group:
The Memphis-based company first announced in January it would sell its remaining interest to its joint venture partners for $484 million.
The Memphis-based company reported 2022 adjusted operating earnings of $1.2 billion, compared with the $944 million it recorded for 2021.
Increased earnings were driven, in part, by higher prices.
Despite the solid earnings, the first quarter presented unique challenges for IP including the surge of the omicron variant and geopolitical consequences of continuing operations in Russia.
About 4 results