International Paper(IP)has been giving new meaning to its 100-year-old name by announcing three major new partnerships in China,Brazil,and Russia,which will significantly expand the scope of its operations into fast growing,low-cost,emerging global markets.At the same time,IP has been shedding assets in the mature North American market as part of its"Transformation Plan"announced in mid-2005,which is expected to deliver 1.2 billion in profit improvement over the next several years.
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