IP No. 1 Forest and Paper Products Company on Fortune's Most Admired List
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International Paper, Memphis, Tenn., USA, has again been named No. 1 company in the Forest and Paper Products sector, according to Fortune magazine's annual report of "America's Most Admired Companies." This is IP's tenth time in the past 11 years to top the Fortune list within this category. Out of the nine key attributes on which companies are judged, IP took the top spot in seven within its industry. Those categories included people management, quality of management, financial soundness, quality of products and services, global competitiveness, use of corporate assets, and innovation.
"This is well-deserved recognition and a reflection of International Paper's 68,000 talented employees around the globe," said John Faraci, chairman and CEO. "Managing through an uneven global economy while continuing to generate solid results is what good execution is all about. Congratulations to all of our employees."
IP has manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. The company employs some 68,000 people and is located in more than 24 countries. Its net sales for 2012 were $28 billion.
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