International Paper financial information
International Paper reported revenue of 21.16 billion U.S. dollars in 2022, making it the world’s largest paper company by revenue. International Paper’s home market of the United States accounted for almost 90 percent of regional net sales in 2022, at 18.5 billion U.S. dollars. Much of this was generated by the company’s North American Industrial Packaging segment, which had net sales of 16 billion U.S. dollars that year. This was followed by its global cellulose fibers operating segment, which generated revenue of 3.23 billion U.S. dollars.International Paper’s product portfolio
International Paper produces a wide range of industrial packaging products – of which it sold 16.8 million shorts tons worth in 2022. These products include, amongst others, saturated kraft, gypsum paper, and containerboard – a type of paperboard used in the manufacturing of corrugated packaging. International Paper is a leading producer of containerboard and accounts for 32 percent of the North American containerboard market. In 2022, International Paper’s containerboard production capacity was 14.37 million short tons.International Paper was also once a producer of printing paper products, but on October 31, 2021, the company completed the spin-off of its printing papers business into a standalone company, Sylvamo Corporation. The spin-off of Sylvamo, in addition to the sale of its pulp and paper mill in Kwidzyn, Poland, means that International Paper no longer has a printing paper business segment. As a result of this, the number of International Paper employees fell by more than 10,000, in 2021 compared to 2020, to approximately 38,200. As of 2022 International Paper had 39,000 employees.
