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.
Topic: Russian invasion of Ukraine
RSSThere are 16 article(s) tagged Russian invasion of Ukraine:
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September 2023
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January 2023
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International Paper’s earnings beat expectations as the company turns 125
The Memphis-based company reported 2022 adjusted operating earnings of $1.2 billion, compared with the $944 million it recorded for 2021.
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July 2022
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Ukrainian doctors learn about war zone trauma during VA visit
Four Ukrainian physicians toured the Memphis VA Medical Center Tuesday, July 26, to learn about burn treatment, trauma management, intensive care and other skills needed in a war zone.
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FedEx enjoying sky-high profits, but imposing challenges loom
In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.
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June 2022
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FedEx delivers 52 tons of medical aid for Ukrainian refugees
FedEx has donated more than $2.3 million in humanitarian aid since the outset of the conflict, including $1 million that has been allocated for in-kind shipping with nonprofit partners.
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May 2022
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St. Jude Global helping patients evacuate Ukraine
St. Jude Global’s preexisting partnerships throughout 15 countries in the Eurasia region have allowed the children’s research hospital to act quickly to evacuate patients when the war began.
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Kustoff addresses national concerns, midterm elections
The congressman told local business leaders the midterms could be a “wave election.” He believes Republicans could gain control of the nation’s House and Senate.
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April 2022
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What are International Paper’s options for its Russian investment?
A note from a packaging and forest products analyst dated Wednesday, March 13, mentions the “logistical, legal and financial challenges” IP faces by suspending or exiting operations with Ilim.
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From the heart: Memphis pediatric heart surgeon leads mission to Ukraine
“I know it’s crazy. I understand that. But these kids can’t wait for the war to end,” said Dr. William Novick.
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March 2022
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FedEx flight departs for Europe carrying relief for Ukrainian refugees
For more than two hours Saturday morning, FedEx Express team members loaded a Boeing 777 cargo aircraft with 76 tons of supplies, including an emergency field hospital and life-saving medicines.
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First Lady visits St. Jude, talks about Ukraine humanitarian effort
More children with cancer are coming to the city from the Ukraine war zone next week. First Lady Jill Biden made the visit to St. Jude Friday afternoon and talked privately with four children and their families airlifted this past Monday from Poland to Memphis.
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FedEx reports higher third quarter earnings
The improved results were partially offset by the effects of the Omicron variant, as well as higher transportation and wage related costs.
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International Paper on short list of corporations still operating in Russia
More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.
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Bluff City Biz: Blue Oval City, business in Russia with John Threadgill
“I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said.
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As world uses ‘power of the marketplace’ against Russia, local companies could be impacted as well
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
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Sylvamo to suspend operations in Russia
Russian operations accounted for roughly 15% of Sylvamo’s total revenue in 2021.
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