Paper Cuts

Hessel, Evan
June 2007
Forbes Asia;6/18/2007, Vol. 3 Issue 11, p26
The article discusses the efforts of International Paper (IP) chief executive John V. Faraci concerning the international operations of IP. If he persuades his board and the Russian Federal Antimonopoly Service to approve a pending deal, IP would spend $400 million to buy a 50% stake in two pulp mills in Siberia and two in the west that together produce 2.5 million tons of pulp. It was noted that he vows to lift IP Asian sales from an expected $250 million in 2007 to $1.6 billion in 2009.


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