International Paper's fourth-quarter loss narrowed as the company cut costs, but lower sales volumes in many categories of paper and packaging and the shutdown of a U.S. mill weighed on its results.
International Paper announced its Board of Directors elected Joy Roman to the newly created role of Senior Vice President, Chief People and Strategy Officer, reporting to Chairman and CEO Andy Silvernail.
In Asia, the price increase will be $20 per ton. For Europe and North America, the price increase will be more significant, with a rise of $60 per ton.
