International Paper (IP) Poised For Growth Despite Risks
Zacks Investment Research | May 14, 2017 09:37PM ET
On May 15, we issued an updated research report on paper and packaging firm International Paper Company (NYSE:IP) .
Headquartered in Memphis, TN, International Paper is a global paper and packaging firm with operations in North America, Europe, Latin America, Russia, Asia, and North Africa. The company employs approximately 55,000 people and is strategically located in more than 24 countries serving customers worldwide.
International Paper is undergoing restructuring initiatives to transform itself into a core packaging company. The company intends to invest $300 million in 2016 and 2017 to further improve its North American containerboard mill system, enhance product quality, and reduce manufacturing and delivery costs. These projects are expected to have a collective internal rate of return of 20%. Moving forward, International Paper intends to focus more resources on high-return capital projects within its core businesses that can drive additional earnings growth. The company has outperformed the Zacks categorized Zacks Investment Research
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