IP gives $200,000 to tsunami relief efforts


4 January 2005 – Stamford (CT): International Paper (IP) and its employees are to donate $200,000 to relief efforts in the tsunami-hit region of south-east Asia, the company has announced.

It has also pledged to match additional contributions made by employees to its Employee Relief Fund.

IP’s chairman and CEO, John Faraci, said: "Our employees are deeply concerned for the victims of this tragedy. Our heartfelt sympathies go out to everyone who has suffered through this terrible event."

IP joins dozens of companies who have already donated cash to aid groups working in the region.

Marshall Burke, VP of private support at CARE USA, one of the larger US aid groups involved, told Reuters: "I believe we will surpass the giving of any other emergency we have had. You see more corporations who do want to be responsible global citizens."