company . for iso paper sizes see iso 216 . international paper company type public traded as nyse ip s & p 500 component industry pulp and paper founded 1898 ; 118 years ago 1898 corinth new york united states headquarters memphis tennessee united states area served worldwide key people mark s. sutton chairman and ceo revenue us 23.617 billion 2014 1 operating income us 2.479 billion 2014 net income us 555 million 2014 total assets us 28.684 billion 2014 total equity us 5.263 billion 2014 number of employees 65 000 subsidiaries temple inland website internationalpaper.com international paper company nyse ip is an american pulp and paper company the largest such company in the world . 2 it has approximately 65 000 employees and it is headquartered in memphis tennessee . 1 3 contents 1 history 1.1 hudson river mill 1.2 mill workers strike 1.3 acquisitions 1.3.1 1986 2000 1.3.2 2011 1.3.3 2012 1.4 restructuring 2005 2006 1.5 challenges of an electronic world 2 company logo 3 headquarters 4 products and corporate structure 5 see also 6 references 7 external links history edit one of the 18 original founding mills of international paper c. 1908 built in 1888 as the otis falls pulp & paper company in chisholm maine . the company was incorporated january 31 1898 upon the merger of 18 pulp and paper mills in the northeastern united states . its founders and first two presidents were william augustus russell who died suddenly in january 1899 and hugh j. chisholm . 4 the newly formed company supplied 60 percent of all newsprint in the country . citation needed hudson river mill edit see also history of papermaking in new york the hudson river mill in corinth new york where the sacandaga river joins the hudson river was a major pioneer in the development of the modern paper industry in the late 19th century . 5 6 the first wood based paper newsprint mill in new york it was built by albrecht pagenstecher in 1869 . 7 in the early 20th century the hudson river mill was one of the company s largest plants and served both as its principal office and a place where paper workers helped shape the direction of the industry s early labor movement . after world war ii hudson river mill workers developed and perfected the production of coated papers for the company . shifting economic forces resulted in the mill s closure in november 2002 . 8 9 the historic mill was slated for demolition in 2011 . 10 mill workers strike edit main article international paper strike in 1987 the company s paper mill workers went on strike at a number of its u.s. plants . acquisitions edit 1986 2000 edit in 1986 the company acquired the hammermill paper company founded in 1898 which managed eleven papermills nationwide and had its corporate offices based in erie pa ; in 1988 the masonite corporation ; and in 1989 the german paper company zanders feinpapiere ag and the french paper manufacturer aussedat rey . in 1996 it purchased federal paper board . 11 in 1999 the company purchased union camp corporation and in 2000 champion international paper . additionally it owns shares in the chilean company copec . citation needed 2011 edit andhra pradesh paper mills rajahmundry which is now an international paper company is one of the biggest integrated paper and pulp manufacturing centers in india . the company produces writing printing and copier papers for foreign and domestic markets . appm s production facilities are two mills in rajahmundry and kadiam with a total production capacity of 240 000 tpa . clarification needed the company is becoming a driving force in sustainability in the paper manufacturing arena through focused social and community programs including pioneering work in raw material generation through social farm forestry . international paper owns a majority interest in appm and the remaining shares are publicly traded on the bombay and national stock exchange of india appaper . 2012 edit in 2012 international paper through the merger of its wholly owned subsidiary metal acquisition inc. with and into temple inland acquired temple inland in a deal valued at 4.5 billion . temple inland then became a wholly owned subsidiary of international paper . at the time of sale temple inland s corrugated packaging operation consisted of 7 mills and 59 converting facilities as well as the building products operation . 12 restructuring 2005 2006 edit in 2005 and 2006 the company undertook a significant restructuring selling over 6 000 000 acres 24 000 km2 of forestland in the u.s. along with its coated paper kraft paper wood products and beverage packaging businesses as well as subsidiaries arizona chemical and new zealand based carter holt harvey . the coated paper business four mills in maine michigan and minnesota were sold to apollo management and now operate as verso paper . the kraft paper business composed of a kraft paper mill in roanoke rapids north carolina and a dunnage bag plant in fordyce arkansas was sold to kapstone paper and packaging and operates as kapstone kraft paper . 13 the beverage packaging business now called evergreen packaging was purchased by carter holt harvey following the purchase of chh by graeme hart . the company sold its wood products division to west fraser timber based in vancouver british columbia . this included 13 sawmills making west fraser the second largest producer of lumber in north america after weyerhaeuser company . challenges of an electronic world edit under pressure from budget sequestration in 2013 the federal government of the united states ip s largest customer has moved from physical checks to cheaper electronic transactions . john runyan former head of federal government relations for ip has become executive director of consumers for paper options a paper industry funded group that advocates for the use of paper documents for clients of the federal government who are internet challenged . 14 company logo edit the company s logo was designed by american graphic designers lester beall and richard rogers in 1960 . the logo features the letters i and p which form a stylized arrow also resembling a tree surrounded by a circle . a primary constraint in the design process was the need for a logo simple enough that it could be stenciled onto trees and lumber intended for paper production . 15 headquarters edit international paper headquarters general information type office complex four buildings location memphis tennessee country united states current tenants international paper owner highwood properties inc. technical details floor count 10 for each tower design and construction architecture firm the crump firm international paper owns tower i at 6400 poplar and occupies the entire property and leases 50 000 square feet in tower ii at 6410 poplar and all of tower iii at 6420 poplar . 16 in 2000 international place tower iii was designed and rests amid the two existing towers and courtyard . the crump firm designed the eleven story 234 000 square foot tower to include offices conference rooms training rooms and dining facilities . the exterior granite was bought and warehoused in the mid 1980s with the intent that its construction would mimic that of the earlier towers . however inclusion of seismic criteria to the memphis building code in 1994 made the initial design unable to move forward . therefore architects had to completely change the original structural design in order to adhere to the strict exterior dimensions needed to utilize the existing granite and to match the existing towers . 17 in 2012 it was announced that international papers was building a 90.2 million 235 000 square foot tower at 6430 poplar ave. in east memphis . 16 in addition to the four office towers at international place the company operates an airport hangar facility at 2522 winchester road and a southwind data center at 3232 players club parkway . other company related facilities include a recycling center on south third and two warehouse operations across memphis . 16 products and corporate structure edit one of the old mills in the former mill town of berlin new hampshire owned by the international paper c. 1912 . pulp and converting paper mill located in georgetown south carolina . factory in kwidzyn poland at night the company is the largest producer of plastic lids and paper cups manufacturing for the fast food giants mcdonald s wendy s subway . its wood products division was sold in 2007 to west fraser timber co. ltd. a company headquartered in vancouver british columbia . the company produces printer and copier paper envelopes corrugated packaging and shipping containers consumer packaging for cosmetics home entertainment and other retail markets and food service packaging . the company is a former dow jones industrial average component included in the index from july 3 1956 to april 7 2004 . it was one of three components to be dropped in the 2004 change together with at & t corporation and eastman kodak . beginning february 1 2007 the sale of the beverage packaging division was completed as new zealand billionaire graeme hart won the bid with purchase price of nearly 800 million . the division now operates under the evergreen label . on march 17 2007 the company announced it was buying the containerboard unit of weyerhaeuser for 6 billion in cash . in october 2007 it formed a joint venture with ilim holding ilim group the alliance in the russian forest sector . on july 1 2014 the company announced the completion of the xpedx spinoff which merged with unisource creating an independent company veritiv corporation . on may 2 2016 it announced it was purchasing the cellulose fiber division of weyerhaeuser . see also edit company portal forestry portal new york portal technology portal tennessee portal companies listed on the new york stock exchange i historical components of the dow jones industrial average list of new york companies references edit a b 2013 form 10 k international paper company . united states securities and exchange commission . kaskey jack august 28 2009 international paper treads monsanto s path to frankenforests . bloomberg news . retrieved july 18 2013 . database n.d. . international paper company . the new york times . retrieved july 18 2013 . a short history of international paper generations of pride pdf . forest history today . 1998 . the hudson river mill project . 1 . history the pagenstecher family from rags to riches . 2 . about the hudson river mill project . staff december 14 2010 . former paper mill site in adirondacks to be demolished . associated press via the post standard . retrieved july 18 2013 . gilpin kenneth n. november 7 1995 . international paper plans to buy federal paper board . the new york times . retrieved july 18 2013 . international paper completes acquisition of temple inland kapstone ready to roll rein lisa 16 february 2014 . group tries to slow federal government s move away from paper to the web . www.washingtonpost.com . the washington post . retrieved 22 february 2014 . meggs philip 2011 11 22 . megg s history of graphic design 5th ed . . p. 527 . isbn 978 047016873 8 . missing or empty url help a b c sheffield michael december 14 2012 . international paper to build 90 million office tower bring 101 new jobs to memphis . memphis business journal . retrieved 19 february 2016 . international paper international place tower iii . crumpfirm.com . the crump firm . retrieved 19 february 2016 . external links edit internationalpaper.com the company s official website inventory of the champion international corporation image collection 1950 1979 in the forest history society library and archives durham north carolina yahoo profile retrieved from https en.wikipedia.org w index.php title international paper & oldid 739600402 categories 1898 establishments in new yorkcompanies established in 1898companies based in memphis tennesseecompanies based