"The transformation that we have made as a company over the last eight years has allowed us higher, more sustainable, and less cyclical margins, Faraci continued. "The company is well-positioned in attractive markets with low-cost assets that can generate strong free cash flow and returns that exceed our cost-of-capital. Most importantly, we have the leadership and global talent to execute and drive results."
Faraci added that the company has significant earnings runway with the current portfolio and will continue to build leading positions in fiber-based paper and packaging segments in high-growth markets, as increasing cash generation enables both reinvestment and return of capital to shareholders.
IP is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. IP employs approximately 70,000 people and is strategically located in more than 24 countries. The company's net sales for 2011 were $26 billion. Temple-Inland Inc., which was acquired by IP this past February, had 2011 net sales of $4 billion.
TAPPI
http://www.tappi.org/