IP sells forestland.IP SELLS FORESTLAND. International Paper (IP), Stamford, Connecticut, USA has completed the sale of 1.1 million acres of forestlands in Maine and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). to GMO GMO abbr. genetically modified organism Renewable Resources LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (GMORR) for US$ 250 million. IP and GMORR have developed a long-term wood fiber supply agreement to continue the flow of wood fiber to IP's Maine paper mills in Jay and Bucksport. The companies have also agreed to a long-term management contract by which IP's subsidiary Sustainable Forest Technologies, Inc. will provide forest management services, including third-party certification to the SFI SFI Sustainable Forestry Initiative (forest certification program of AF&PA) SFI Santa Fe Institute (scientific research in Santa Fe, New Mexico) SFI Science Foundation Ireland SFI Six Figure Income Standard. IN OTHER IP NEWS: The company and its employees announced they are donating US$ 200,000 to relief efforts in Southeast Asia to help tsunami victims. IP will also match additional contributions made by employees to its Employee Relief Fund. IP has completed the sale of its Weldwood of Canada Limited subsidiary to West Fraser Timber West Fraser Timber Co. Ltd. TSX: WFT is an Canadian forestry company based in Quesnel, British Columbia. In 2006 it became the second largest lumber producer in North America. External links
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