2 INDUSTRY NEWS XXXX
International Paper’s chief executive Faraci to retire
C
group.
He will be succeeded by
chairman from the beginning of
John Faraci: retiring next year
and the other changes we are Paper’s ongoing commitment to that will lead the company to an Paper that began in 2005, when the company included more than from chemicals and real estate assets to focus on its two core
sees itself as strategically well-
directors would like to thank John packaging and paper leader, and his •
Limited (IP-APPM), a subsidiary in Established in 1964 as The
Mondi expands its bags and kraft business in the US
Mondi will gain an integrated
Arkansas, and nine bag- manufacturing plants across the US, with sales of around US$437 million in the year ended March
September/October 2014
will create a leading bags player in North America and expand our growing global footprint in
will lead the combined business as President, Industrial Bags, Customer requirements will
Pulp Paper & Logistics
New IP chief executive Mark Sutton
Andhra Pradesh Paper Mills Limited, the company has such as passing sales of INR 1,000 Crores in a year along with manufacturing 212,193 tonnes of
the synergies expected from the bags producer, will ensure that
are a core part of Mondi’s already includes 36 industrial bags plants in Europe, the Middle East, North Africa, South-East Asia and North America, including four plants in Mexico and the US, and producing more than 1 million
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