Memphis, TN 38197
Phone: (800) 207-4003
Sales: $23.3 billion overall; $50 million in ink sales (Ink World estimate).
Major Products: Flexographic and specialty inks and graphic arts coatings.
Key Personnel: Mark S. Sutton, chairman, and CEO; W. Michael Amick Jr., SVP, Paper the Americas; Tommy S. Joseph, SVP, manufacturing, technology, EH&S and global sourcing; Timothy S. Nicholls, SVP and CFO.
Number of Employees: 55,000 overall in more than 24 countries.
Comments: International Paper is a global leader in industrial and consumer packaging and uncoated papers and pulp. The company had an excellent year in 2018, with net sales of $23.3 billion in 2018, up from $21.7 billion in 2017. Nearly two-thirds of its revenue is in Industrial Packaging, with approximately 10% in Consumer Packaging and the rest in Cellulose Fibers and Printing Papers.
The company’s full-year business segment operating profits were $2.9 billion in 2018 compared with $2.1 billion in 2017, a strong growth. Free cash flow (non-GAAP) was $1.7 billion for the full-year 2018 and $2.0 billion in 2017.
“International Paper delivered very strong earnings and returns in the fourth quarter and full year 2018, driven by solid commercial and operational performance across our three businesses,” said Mark Sutton, chairman and CEO.
Optihue Graphics, Plates and Inks, a subsidiary of International Paper headquartered in Kenton, OH, manufactures the flexo and specialty inks and graphic arts coatings that International Paper uses for its packaging.