MEMPHIS, Tenn., Jan. 23, 2017 /PRNewswire/ -- On the evening of
Jan. 22, International Paper Company (NYSE: IP) experienced significant structural damage to the
largest pulp digester as well as the power house at its Pensacola pulp and paper mill in Cantonment, Fla. No one at the
mill was injured.
Response teams are working with local, state and federal agencies to provide information for those impacted. The
incident released a mixture of wood fiber, water and pulping liquor into the surrounding community. We have engaged
contractors to develop and implement plans to clean up and dispose of the discharged material as quickly as possible. We
are providing all necessary support and resources to our local community and residents as we work through the clean-up.
Our primary focus is on ensuring the health and safety of our employees, contractors and neighbors and on the clean-up of the
affected areas and property.
Currently, the mill is not operating. We are assessing the extent of the damage to the mill, evaluating supply options
and will be working closely with our customers to meet their needs.
Certain statements in this press release may be considered forward-looking statements. These statements reflect management's
current views and are subject to risks and uncertainties that could cause actual results to differ materially from those
expressed or implied in these statements. Factors which could cause actual results to differ include but are not limited to: (i)
industry conditions, including but not limited to changes in the cost or availability of raw materials, energy and transportation
costs, competition we face, cyclicality and changes in consumer preferences, demand and pricing for our products; (ii) global
economic conditions and political changes, including but not limited to the impairment of financial institutions, changes in
currency exchange rates, credit ratings issued by recognized credit rating organizations, the amount of our future pension
funding obligation, changes in tax laws and pension and health care costs; (iii) unanticipated expenditures related to the cost
of compliance with existing and new environmental and other governmental regulations and to actual or potential litigation; and
(iv) whether we experience a material disruption at one of our other manufacturing facilities. These and other factors that
could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater
detail in the Company's Securities and Exchange Commission filings. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information, future events or otherwise.
About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in
North America, Europe, Latin
America, Russia, Asia and North Africa. Its
businesses include industrial and consumer packaging along with uncoated papers and pulp. Headquartered in Memphis, Tenn., the company employs approximately 55,000 people and is strategically located in more than 24
countries serving customers worldwide. International Paper net sales for 2015 were $22
billion. For more information about International Paper, its products and stewardship efforts, visit
internationalpaper.com.
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SOURCE International Paper