International Paper to Purchase Majority Interest in Russian Pulp and Paper Business.PURCHASE, N.Y.--(BUSINESS WIRE)--June 26, 1998-- International Paper today announced that it has signed an agreement to purchase Tetra Laval's interest in OAO OAO Orbiting Astronomical Observatory OAO Over and Out OAO One And Only OAO Ontario Association of Orthodontists OAO Owned and Operated OAO Ontario Association of Optometrists OAO Opticians Association of Ohio OAO Orthogonalized Atomic Orbital Svetogorsk Svetogorsk (Russian: Светого́рск, Finnish: Enso , a Russian-based pulp and paper business. The transaction is expected to close this summer. Terms were not disclosed. "The Svetogorsk mill complements International Paper's leading European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. position in business papers," said Robert Amen, President of International Paper - Europe. "It leverages the Kwidzyn mill in Poland and enhances our ability to profitably serve growing market demands in Russia and Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . We look forward to working with Svetogorsk's outstanding management team and with all employees to accelerate their business plans." OAO Svetogorsk is an integrated pulp and paper business manufacturing uncoated free sheet, liquid packaging board and softwood softwood Timber obtained from coniferous trees (mainly of the pine and fir families). With the exception of bald cypress, tamarack, and larch, softwood trees are evergreens. market pulp. It is based in Svetogorsk, Russia, about 85 miles northwest of St. Petersburg, near the border with Finland. Amen said International Paper plans tomake modest incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. investments at Svetogorsk to improve upon the mill's current low cost advantage and to broaden its range of products. International Paper's European Papers business -- with manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in France, the United Kingdom, Germany and Poland -- is a leading producer of business papers, coated free sheet, premium papers, and other specialty papers in Europe. International Paper, in its 100th year of operation, is a worldwide producer of printing papers, packaging and forest products, with 1997 sales of $20 billion. The company also operates specialty businesses in global markets as well as a broadly based distribution network. Headquartered in Purchase, N.Y., the company has operations in 31 countries, employs more than 80,000 people and exports its products to more than 130 nations.
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