International Paper reported second-quarter net income more than tripling. The company cited higher pulp and paper prices and cost savings from recent mergers as reasons for the improvement.
Profits in the three months ended June 30 rose to $315 million. This compared to profits of $99 million in the year-ago quarter excluding extraordinary items. Revenues in the latest period rose about 12% to $6.8 billion from $6.0 billion in the year-ago quarter.
Explore the July 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
