This excerpt taken from the IP 8-K filed Aug 22, 2007.
(Northern Pulp and Paper Production), SibCBP (Siberian Pulp and Paper Production), Consumer Packaging and Corrugated Packaging. The company also includes centralized service providers to the Groups branches and subsidiaries. To learn more, visit http://www.ilimgroup.com
This press release may contain forward-looking statements. Ilim financial results and expected EBITDA are not based on U.S. Generally Accepted Accounting Principles. These statements reflect the current views of management of International Paper and Ilim and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. Factors which could cause actual results to differ relate to: (i) the ability of the parties to successfully consummate the transactions contemplated by the joint venture agreements without a significant change in the Companys investment in the joint venture; (ii) the successful fulfillment (or waiver) of all conditions set forth in the joint venture agreements; (iii) the successful closing of the transaction within the estimated timeframe; (iv) the ability of the joint venture to finance and execute the long-term investment program; (v) pulp and paper industry conditions, including changes in the cost or availability of raw materials and energy, changes in transportation costs, competition, changes in product mix and demand and pricing for the joint ventures products; and (vi) supply and demand conditions and other economic factors affecting Russia, Eastern Europe and Asia, including changes in political conditions, changes in currency exchange rates and natural disasters. International Paper and Ilim undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in International Papers Securities and Exchange Commission filings.