International Paper Co (IP) 2004年年度报告「NYSE」.pdf

1、2004Form 10-KAnnual Report400 Atlantic StreetStamford,CT 06921 1-203-541-Listed on the New York Stock ExchangeEqual Opportunity Employer(M/F/D/V)271cvr 3/29/05 3:02 PM Page 1North America As we build a more global company,we are continuing to capitalize on our strong position in North America by inv

2、esting in our bestperforming businesses and divesting non-strategic operations.In 2004,there were good examples of this across our three core businesses.In ourpaper business,we began modernizations at our Eastover,S.C.,Androscoggin,Maine,and Quinnesec,Mich.,paper mills,and we investedin the continue

3、d growth of our packaging business by acquiring Box USA.We also strengthened the focus of our forest products business by divestingour Canadian pulp and wood operations as well as non-strategic forestlands.All of these moves will help us succeed in this key market.Joe NelsonManager,Plywood Operation

4、s Gurdon,Ark.,Wood Products MillAsia We have a small but strong base in Asia today,which includesoperations through Carter Holt Harvey,our majority-owned subsidiary headquartered in New Zealand.Going forward,our growth strategy is to focus on China by investing in our packaging operations.We will al

5、so continue to evaluate our options in the areas of pulp,paper andboard,and explore opportunities to ship to China from low-cost producing areas.Our focus will be to strengthen our ability to serve both the fast-growing local markets and grow with our global customers.Lucy TzouGeneral ManagerIP Taiw

6、an Ltd.Latin America Looking at Latin America,we have strong mill andforestry operations across the region.Given that about 1.2 million acres ofthe forestlands we sustainably own or manage worldwide are located inthe region,we have a strong source of fiber for our operations.With our mills,infrastru