International Paper Company is the world's largest pulp and paper company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. When it started out on January 31, 1898 in Albany, New York, it was through the merger of 17 pulp and paper mills ranging in size and technological advancement and capabilities. However, even then International Paper was a leader in the industry as the nation's largest producer of newsprint. It supplied sixty percent of all newsprint sold in the United States at the time, as well as exporting its product to Argentina, Australia, and England.
Under Its first president International Paper established the first laboratory in the pulp and paper industry, as well as taking part in the industries first collective bargaining agreement and the implementation of a progressive timber harvesting system that protected young trees. Even still the company’s newsprint business was hit hard by a decision made by Congress to remove tariffs on Canadian imports. The passage of the Revenue Act of 1913 flooded the market with cheap imports and caused a sizable market share decline for International Paper. Shortly after International Paper experienced a labor conflict which created issues for its collective bargaining system.
In order to reestablish their place in the market and weaken the competition, International Paper Company started to build mills in Canada as well. In 1925 the Canadian International Paper Company was formed as a wholly owned subsidiary of International Paper. Canadian International Paper Company was able to acquire large amounts of woodland in Canada as well as construct the worlds largest newsprint mills.
At the same time, within the United States, in an attempt to diversify its portfolio and break into the kraft paper production sector, International Paper purchased two mills, one in Louisiana and one in Mississippi, as well as building new mills in Arkansas...