
International Paper (NYSE:IP - News) was raised to a buy at UBS.
International Paper Co. Earnings Conference Call (Q3 2005)
Scheduled to start Tue, Oct 25, 2005, 10:00 am Eastern
International Paper Company (IPC) operates as a forest products, paper, and packaging company. It operates in three segments: Printing Papers, Industrial and Consumer Packaging (ICP), Forest Products. The Printing Papers segment offers printing and writing papers that include uncoated and coated papers, market pulp, and bristols. The ICP segment produces corrugated boxes, lightweight and pressure sensitive papers, converted products, and other packaging for various applications, such as pressure sensitive labels, food and industrial packaging, industrial sealants and tapes, and consumer hygiene products. It also manufactures solid bleached sulfate packaging board, which is used in packaging of juice, milk, food, cosmetics, pharmaceuticals, computer software, and tobacco products. The Forest Products segment produces lumber, plywood, engineered wood products, and utility poles in the southern United States. IPC also owns 785,000 acres of radiata pine plantations; and produces wood products, such as lumber, plywood, panels, and laminated veneer lumber. In addition, the company offers oleo chemicals and specialty resins based on crude tall oil, byproducts of the wood pulping process that are used in adhesives and inks. It serves commercial printing market with printing papers and graphic art supplies; high traffic/away from home markets with facility supplies; and various manufacturers and processors with packaging supplies and equipment. IPC sells paper, packaging products, building materials, and other products directly to end users and converters, as well as through resellers primarily in the United States, Europe, the Pacific Rim, and South America. As of December 31, 2004, the company operated 27 pulp, paper, and packaging mills; 103 converting and packaging plants; 25 wood products facilities; and 7 specialty chemicals plants. International Paper Company was organized in 1898 and is headquartered in Stamford, Connecticut.
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