Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

International Paper is one of the largest international manufacturers of paper, pulp and packaging made from renewable wood fiber.

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
2790
Staff
15508
Glob.Revenue, mln.USD
19363
Capital, mln.USD
662
Assets, mln.USD
3994
Taxes, mln.USD
3

The Memphis, Tennessee-based company in March said it might sell its 50% stake in a major Russian forest products company, but would continue operations in the country.

The Company Statement
January 24, 2023

Maintaining operation of joint venture with the largest Russian manufacturer (Ilim Group) of pulp and paper. Exploring options including potential sale of the 50% stake. International Paper Company announced that it entered into an agreement to sell its 50% interest in Ilim SA to its joint venture partners for $484M. The company noted that the sale is subject to regulatory approvals in Russia.

January 24, 2023International Paper Co. to sell 50% interest in Russian manufacturer for $484M
May 25, 2022These U.S. companies are still doing business in Russia
March 11, 2022 International Paper to Explore Strategic Options for Ownership Interest in Ilim Group
June 14, 2022https://www.rbc.ua/ukr/news/prodaet-zavod-prekrashchaet-import-rossii-1652497639.html
April 01, 2022International Paper in Russia
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.