International Paper Reports Strong Industrial Packaging Results for Q1 2013

Industrial Packaging posted operating profits of $369 million ($355 million including special items) in the first quarter of 2013, compared to $368 million ($336 million including special items) in the fourth quarter of 2012. In North America, higher selling prices for boxes and containerboard were partially offset by seasonally slow demand, higher input costs and $16 million in incremental scheduled outage expenses. First quarter segment results include consolidated earnings for Orsa International Paper Embalagens S.A. for the period January 15 through February 28, 2013.