International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 59,500 employees, and it is headquartered in Memphis, Tennessee. International Paper was incorporated January 31, 1898 upon the merger of 18 pulp and paper mills in the northeastern United States. Its first president was Hugh J. Chisholm. The first paper mill in the United States, at Corinth, New York where the Sacandaga river joins the Hudson river, and built by International Paper's founder Albrecht Pagenstecher, in 1869, {see History of Papermaking in New York}... is to be demolished in 2011. The Hudson River Mill in Corinth was a major pioneer in the development of the modern paper industry in the late 19th century.As one of International Paper's largest plants in the early decades of the 20th century, the Hudson River Mill served both as the location of the Company's principal office and the place where paper workers helped to shape the direction of the industry's early labor movement. After World War II, Hudson River Mill workers developed and perfected the production of coated papers for International Paper.
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| NYSE symbol: | IP |
| Founded: | 1898 |
| Headquarters: | Stamford, Connecticut |
| Annual revenue: | $24,829,000,000 |
| Net income: | $-1,282,000,000 |
| Operating income: | $2,824,000,000 |
| Market cap: | $14,000,000,000 |
| Industries: | Manufacturing, Paper Mills |