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The International Paper strike was a strike begun in 1987 by paper mill workers affiliated with the United Paperworkers' International Union (UPIU) at a number of plants in the United States owned by the International Paper (IP) company. The strike extended into 1988 and the company hired permanent replacements for workers.
The Canadian International Paper Company (CIP) was a Montreal-based forest products company, a former subsidiary of International Paper.It was originally formed as the St. Maurice Lumber Company in 1919 but was renamed in 1925.
In 2000, Canadian pulp, paper and paperboard companies had operating expenses of C$425.4 million on environmental protection with the majority ($263.3 million) used for pollution abatement. Capital expenditures totalled $234.8 million, with over half ($140.4 million) being spent on pollution prevention processes.
Could this paper products giant end up on the block?
U.S.-based International Paper secured EU clearance for its 5.8-billion-pound ($7.2 billion) acquisition of UK rival DS Smith with a pledge to sell assets to address competition concerns.
Over the past 12 months, International Paper generated $1,516.0 million cash while it booked net income of $1,341.0 million. That means it turned 5.8% of its revenue into FCF. That sounds OK.
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