IP is cautiously optimistic

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Official Board Markets | 2002年 / 78卷 / 22期
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Industrial economics - International trade - Paper and pulp industry - Sales;
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摘要：
The International Paper's (IP) overhaul of its business poised the paper producer for growth regardless of boom or bust demand trends. The company remained in the midst of a nearly two-year downturn during which it struggled with low commodity prices and anemic demand. An aggressive cost-cutting program including more than $3 billion in asset sales and nearly 12,000 job cuts led IP to post a quarterly net profit for the first time in nearly two years. The weakening of the dollar versus the euro and the yen is also expected to help IP.
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