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International Paper company to develop joint projects with Skolkovo

January 30, 2012, 18:39 UTC+3

International Paper plans to invest one million USD in joint projects with RF

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ST. PETERSBURG, January 30 (Itar-Tass) — International Paper Company (IP) plans to invest one million U.S. dollars into the development of joint projects with the Moscow management school, Skolkovo.

An agreement of intent was signed by the chairman of the IP board of directors John Faraci and rector of the Moscow management school, Skolkovo, Andrei Volkov on Saturday.

According to Volkov, the signing of the document became a very important step towards developing the Skolkovo business school as an international educational institution. He explained that earlier, such memorandums had been concluded with PricewaterhouseCoopers and Credit Suisse.

The rector added that such cooperation had also reputational significance. “This allows us to enter external markets and turning Russian companies into global players,” Volkov said.

For his part, Faraci said cooperation with Skolkovo was a very good opportunity to develop the potential of the company’s personnel in Russia. Cooperation allowed the companies to work out a serious academic programme, which could help involve the most intelligent and talented representatives of the new generation, the IP CEO pointed out.

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