International opens HQ at Madhapur

HYDERABAD: Inter national Paper and Andhra Pradesh Paper Mills Ltd.announced the opening of its new headquarters office in Hyderabad on Wednesday.Situated in Madhapur, the 24,000 sq ft office will house about 100 employees.International Paper took over Andhra Paper last year through the acquisition of a 75 percent stake in the company.With the opening of its new headquarters office, International Paper has reinforced the company’s commitment towards India.International Paper, a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa.Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company’s North American distribution company.Speaking on the occasion, Paul Brown, President of International Paper India and Executive Chairman of the Board of Andhra Paper said, “I am extremely delighted to establish our new headquarters office in Hyderabad and look forward to continuing to grow in India.Our new office has been designed with global work standards in mind so that our employees will feel proud to work for one of the world’s most admired companies in the Forest and Paper Products industry as recognized by Fortune Magazine.”