1、2013 ANNUAL REPORTIn 2014,we will mark our 116th year in operation,a testament to theenduring value of fiber-based packaging and paper and to our companysability to innovate and adapt in an ever-changing marketplace.TodaysInternational Paper is a strategically repositioned packaging and paperbusines
2、s with low-cost assets that are well-positioned to compete inattractive growth markets around the world.Visit the online version of this annual report at IN 2013,INTERNATIONAL PAPER CONTINUED TO DELIVER RESULTS,WITH RECORD OPERATING EARNINGS AND STRONG CASH FLOW GENERATION DRIVEN BY A GREAT TEAM OF
3、HIGHLY ENGAGED PEOPLE AND FIRST-RATE EXECUTION.NORTH AMERICAFrom our global headquarters in Memphis,Tenn.,International Paper spans more than 24 countries with 70,000 employees around the world.In North America,International Paper has nearly 1,000 facilities from coast to coast.We are the premier ma
4、nufacturer of containerboard and cor-rugated packaging products,uncoated freesheet papers,coated paperboard and fluff pulp.We also deliver innovative single-use packaging to the foodservice industry and are a leading business-to-business distributor of packaging,print and facility supplies and equip
5、ment.In mid 2014,we expect xpedx,our distribution business,to merge with Unisource Worldwide Inc.,to become an independent,publicly traded company.LATIN AMERICAFrom our regional headquarters in Sao Paulo,International Papers Latin American reach extends around the globe.IP Brazil produces roughly on
6、e-third of the uncoated freesheet paper consumed in Latin America,and our market-leading uncoated freesheet brand,Chamex,is widely used in Brazilian homes and offices.IP Brazil also exports products to Europe and Asia.In 2013,International Paper entered into a joint venture with a 75 percent share i