ePac Announces Official Opening of Accra, Ghana Plant

HIGHLIGHTS: *Third quarter net earnings (loss) attributable to International Paper of $864 million ($2.20 per diluted share), compared with $432 million ($1.09 per diluted share) in the second quarter of 2021 and $204 million ($0.52 per diluted share) in the third quarter of 2020. Third quarter 2021 net earnings include a net after-tax gain of $350 million ($0.89 per diluted share) on the sale of our Kwidzyn, Poland mill. *Third quarter adjusted operating earnings* (non-GAAP) of $532 million ($1.35 per diluted share) compared with $421 million ($1.06 per diluted share) in the second quarter of 2021 and $280 million ($0.71 per diluted share) in the third quarter of 2020 *Third quarter cash provided by operations of $645 million and year-to-date of $1.9 billion compared with $2.3 billion year-to-date in the same period of 2020. Third quarter 2021 cash generation also includes pre-tax sources of $737 million (net of cash divested) related to the sale of the Kwidzyn, Poland mill and $630 million related to the unwind of timber monetization notes. *Ilim equity earnings of $95 million, bringing year-to-date to $245 million *Debt reduction of $235 million, bringing year-to-date to $1.1 billion *Share repurchases of $212 million, bringing year-to-date to $398 million

Smurfit Kappa’s Mengíbar Paper Mill in Spain is celebrating its 50th anniversary. The mill first opened its doors in 1968 and quickly established itself as a strategic partner for innovative paper solutions. The Mengíbar Paper Mill uses recycled fibres to make high-quality containerboard for corrugated packaging. The mill’s location in Southern Spain puts it in a prime position to serve Smurfit Kappa’s extensive network of corrugated plants. The close integration between the Mengibar Paper Mill and the corrugated plants enables Smurfit Kappa to facilitate customers’ needs at a moment’s notice. With 121 employees, the mill is a key local employer with many families having two and sometimes even three generations working there since the mill opened 50 years ago. Click Read More below for additional information.

Thomasine Kamerling, Executive Vice President, Sustainability and Communications, and a member of Huhtamaki Global Executive Team has decided to leave Huhtamaki to pursue other career opportunities. “I want to thank Thomasine for her contribution during the last three and a half years, standing up our sustainability strategy, and paving the path to our 2030 ESG commitments to become first choice in our industry. Thomasine has also engaged actively with important stakeholders, particularly in the context of the evolving regulatory environment” says Charles Héaulmé, President and CEO of Huhtamaki.