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