International Paper Company (NYSE: IP) today announced that it has priced $1.0 billion of 4.350% senior unsecured notes due 2048. The notes were issued at a public offering price of 99.898%. The offering was made pursuant to an effective shelf registration statement.
International Paper intends to use the net proceeds from this offering, together with available cash and other borrowings, to make a voluntary cash contribution to its pension plan in the aggregate amount of $1.25 billion by September 15, 2017.
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Stora Enso arranged a virtual inauguration ceremony to celebrate the successful conversion of the Oulu Mill which was transformed from paper production into high-quality kraftliner production. The Prime Minister of Finland, Sanna Marin, inaugurated the mill. Oulu is Stora Enso’s second successful conversion, following Varkaus Mill, inaugurated in 2016. The EUR 350 million conversion project proceeded according to plan, from the investment decision made in May 2019 to the start of the commercial deliveries in the first quarter of 2021. The current ramp-up phase is proceeding ahead of plan, and the customer feedback has been positive. The new machine is estimated to reach its designed annual production capacity of 450 000 tonnes by the end of the June 2021. “Stora Enso has a long and proud history of being able to transform, innovate and embrace the future. Today’s inauguration celebrates a successfully completed project. Packaging already today represents more than 40% of our total sales. The additional kraftliner capacity in Oulu enables us to further strengthen Stora Enso’s offering in the global markets with significant room for growth,” says Annica Bresky, Stora Enso’s President and CEO. The product, AvantForteTM by Stora Enso, has three fibre layers, making it the strongest kraftliner in Stora Enso’s portfolio.
IPG, a global provider of packaging and protective solutions, today announced that its facilities in Carrollton, Texas, Everetts, North Carolina, and Tremonton, Utah, have been awarded Silver certification under the TRUE (Total Resource Use and Efficiency) rating system. Administered by Green Business Certification Inc. (GBCI), TRUE helps facilities measure, improve, and recognize zero waste performance. This achievement underscores IPG’s commitment to sustainable practices and its journey toward becoming a zero-waste company. The TRUE certification recognizes these plants' dedication to best practices in recycling, reusing, and reducing waste. The Tremonton facility has achieved a 90% diversion rate by recycling materials such as plastics and cardboard. Everetts has reached a 94% diversion rate through right-sizing collection containers, conducting annual waste audits, and engaging employees in zero waste activities. Carrollton obtained an impressive 98% diversion rate by recycling plastics, pallets, and cores. "We are extremely proud of the TRUE certifications obtained by our Carrollton, Everetts, and Tremonton facilities," said Jay Bolus, VP of Sustainability at IPG. "This marks an important milestone on our journey to become a zero waste company and is further proof of IPG’s commitment to sustainable products and processes.”
The global kraft paper bag market was valued at approximately $4.50 billion in 2024 and is projected to grow at a CAGR of 4.6% through 2030. Dominated by U.S. demand, North America led the market in 2024, driven by a robust industrial base and the rapid expansion of the e-commerce sector. The demand for kraft bags reflects a strong trend towards sustainable and versatile packaging solutions. Businesses across industries are turning to kraft bags as an eco-friendly alternative that meets both regulatory and consumer expectations.1 Kraft bags are a staple for businesses looking for reliable, sustainable packaging. Here’s how they cater to different industries: *Large E-commerce Platforms – Online retailers and bulk e-commerce operations need durable and sustainable packaging for a wide variety of products. They're also involved in the re-packing and re-distribution of items like kraft bags. *Food & Beverage Companies – Kraft bags are widely used in the food industry, particularly for dry goods, takeout containers, and other lightweight items. In fact, the food service sector dominated the U.S. kraft bag market with a revenue share of 26.5% in 20241, highlighting the increasing demand for sustainable packaging in food-related businesses. *Sustainability-Oriented Companies/Regions – With many brands and regions shifting toward eco-friendly policies, kraft bags provide a biodegradable, recyclable alternative to plastic bags.