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  International Paper Completes Acquisition of Sabanci Shares in Olmuksa Corrugated Packaging Joint Venture in Turkey,...
03.01.2012



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International Paper, one of the world’s leading players in the paper and packaging sector continues its investments in Turkey!

New Name for International Paper’s Turkish operations: Olmuksan International Paper

The new name of the company was approved in the general assembly meeting of Olmuksa shareholders.

Istanbul, Turkey – March 27, 2013 - After an ordinary general assembly meeting of Olmuksa shareholders on March 22, 2013, Chairman of the Board of Directors Jon Ernst announced that the company will operate going forward under the name of Olmuksan International Paper.

Ernst, who is also an Officer of International Paper Company and leads the corporation’s packaging business in Europe, Middle East & Africa said: “Olmuksan International Paper stands for the powerful combination of the proud and successful heritage of Olmuksa, a leader in the Turkish packaging sector, and the global expertise and experience of International Paper, the number one player in the paper and packaging market worldwide.” In January, International Paper had completed the acquisition of the Olmuksa shares of its joint venture partner Sabanci Holding for approx. 101.2Million TL ($56MM U.S.) and became the majority shareholder of Olmuksa holding approx. 87.5%.

Olmuksan International Paper will continue to provide excellent quality products and services to its customers and honor its commitments to all of its stakeholders. Ernst said: “Turkey and corrugated packaging are priorities for International Paper and this acquisition further strengthens our footprint in the Turkish packaging market and represents an exciting opportunity to grow with our customers in a strategically important geography.”

The company is also proud to launch its new visual identity following the change of name. “Our new company logo reinforces the ownership of International Paper while honoring our proud and successful 46-year history as one of the key players in the Turkish corrugated packaging sector. It emphasizes our innovation and creativity and our image as dynamic company”, said Jon Ernst. The unique shape of the “m” in the logo symbolizes corrugated packaging, the core business and key competence of Olmuksan International Paper while the green color stands for the company’s commitment to doing business sustainably.

About Olmuksan International Paper:
Olmuksan International Paper is one of the leaders in the Turkish corrugated packaging market. It provides highest quality products and services to its customers and operates two recycled containerboard mills and six box plants with almost 1000 employees.

Olmuksan International Paper Board of Directors:
Chairman of the Board: : Jon Ernst
Vice Chairman of the Board: : Jean Marc Servais
Members: : Kristien Florentine Maria Kaelen, David John Higgins, Atıl Saryal, Metin Ünlü

Olmuksan International Paper is part of International Paper Corporation, a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. International Paper employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were $29 billion. For more information about International Paper, its products and stewardship efforts, visit www.internationalpaper.com.


Media Contact:

Samet Özçelik / MPR, Media Consultant MPR / 0212 438 63 50 / sozcelik@mpr.com.tr
Derya Şengülen / MPR, Public Relations Manager / 0212 438 63 50 / dsengulen@mpr.com.tr


 
 
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