UPM 
UPM is big in graphic papers in Europe, but it  is also making huge progress elsewhere and away from the commodities  based end of the paper industry. And this is why the Finnish giant  appears on list of Five to Watch for 2012. UPM has garnered a reputation  as being one of the most innovative in the global industry and it  continues to pursue its "Biofore" strategy which it devised in recent  years, which of which it says : "Bio stands for future orientation,  sustainable solutions and good environmental performance. Fore stands  for forest and the company's position at the forefront of development". 
International Paper 
Often, we look at smaller companies, those  flying under the radar so to speak, to fill out this list. It's a given  that the larger companies are almost always in the spotlight. However,  this year PPI's long-time Number One in the Top 100 listings (PPI,  September 2011) merits special attention and not only because its CEO,  John Faraci, also was named Number One in the RISI Top 50 Power List (PPI,  July 2011). And, Paul Herbert, CEO of Ilim Group, in which IP holds a  50% stake, was recently named Global CEO of the Year at the recent PPI  Awards gala held in November.