International Paper 2012 Annual Report Download - page 9

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International Paper / 2012 Annual Report 4/5
S.A.—a Grupo Orsa company. The new entity, in which International Paper holds
a 75 percent stake, includes three containerboard mills and four box plants capable
of delivering 400,000 tons of containerboard capacity. With more than 50 years
of experience in Brazil, our investment in the Brazilian corrugated market fits
International Paper’s strategy to grow our Industrial Packaging business globally,
maintain local presence and allocate capital to opportunities that will deliver
returns above our cost of capital. In Brazil, we are now pursuing opportunities to
improve efficiency, expand production capability and leverage both our global
mill experience and vast corrugated packaging knowledge.
Aside from Brazil, our industrial packaging operations in Asia and Europe are
providing total packaging solutions across each region and assisting customers in
meeting packaging-related needs. At the end of fourth quarter 2012, International
Paper acquired all the shares of joint venture partner Sabanci Holding in the
Turkish corrugated packaging company Olmuksa, becoming its majority share-
holder. The business is a leader in the Turkish corrugated packaging market,
operating two recycled containerboard mills and six corrugated plants across the
country. The agreement expanded International Paper’s strong global platform
and created greater opportunity to serve customers in an important geography.
A stronger industrial packaging business is just one of the many ways we have
built our earnings runway at International Paper and created additional global
levers to pull over the near, mid- and long-term horizons. Today, International Paper
is built to win.
INDUSTRIAL
PACKAGING
BUSINESS
CONTAINERBOARD MILLS
CONVERTING PLANTS
RECYCLING CENTERS
INDUSTRIAL PACKAGING BOX PLANT
This past year, International Paper welcomed numerous talented
employees to its Industrial Packaging business from Temple-Inland.
In that merger, we acquired nearly 60 new converting facilities.