International Paper
 |
|
| Public | |
| Traded as | : IP S&P 500 Component |
| Industry | Pulp and paper |
| Founded | 1898 Corinth, New York, United States |
| Headquarters | Memphis, Tennessee, United States |
|
Area served
|
Worldwide |
|
Key people
|
Mark Sutton, Chairman and CEO |
| Revenue |
 US$ 23.617 billion (2014)
|
|
US$ 2.479 billion (2014)
|
|
 US$ 555 million (2014)
|
|
| Total assets |
US$ 28.684 billion (2014)
|
| Total equity |
US$ 5.263 billion (2014)
|
|
Number of employees
|
65,000 |
| Subsidiaries | Temple-Inland |
| Website | internationalpaper |
| International Paper Headquarters | |
|---|---|
| General information | |
| Type | Office complex (four buildings) |
| Location | Memphis, Tennessee |
| Country | United States |
| Current tenants | International Paper |
| Owner | Highwood Properties Inc. |
| Technical details | |
| Floor count | 10 (for each tower) |
| Design and construction | |
| Architecture firm | The Crump Firm |
The International Paper Company (: IP) is an American pulp and paper company, the largest such company in the world. It has approximately 65,000 employees, and it is headquartered in Memphis, Tennessee.
The company was incorporated January 31, 1898, upon the merger of 18 pulp and paper mills in the northeastern United States. Its founders and first two presidents were William Augustus Russell, who died suddenly in January 1899, and Hugh J. Chisholm. The newly formed company supplied 60 percent of all newsprint in the country.
The Hudson River Mill in Corinth, New York, where the Sacandaga River joins the Hudson River, was a major pioneer in the development of the modern paper industry in the late 19th century. The first wood-based paper (newsprint) mill in New York, it was built by Albrecht Pagenstecher in 1869.
In the early 20th century, the Hudson River Mill was one of the company's largest plants and served both as its principal office, and a place where paper workers helped shape the direction of the industry's early labor movement.
After World War II, Hudson River Mill workers developed and perfected the production of coated papers for the company. Shifting economic forces resulted in the mill's closure in November 2002. The historic mill was slated for demolition in 2011.
Given the nature of their products, paper plants are highly flammable. Therefore, International Paper Company frequently used asbestos insulation in its walls and floors,roof, etc as a preventative measure. Asbestos insulation was also used on pipes and boilers throughout International Paper plants.Ironically, this material that was meant to protect people ended up doing severe damage to people’s health
Asbestos was used throughout International Paper’s Corinth manufacturing plant.These companies never warned the International Paper workers that their asbestos products were dangerous, even though asbestos was known to causes illnesses as far back as the 1920s. As a result, many former employees of International Paper are being diagnosed with mesothelioma.
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Wikipedia