Interesting article in this month's PaperAge Magazine confirming the lack of reinvestment in
USA Pulp and Paper mills. The article reveals our domestic industry not remaining in a competitive position
and that we have lost market share to off shore producers.
Investments continue for new paper machines in Europe and Asia while USA assets deteriorate.
Capital spending in USA peaked in 1990 at $20billion and, today, industry spends between $4 - 5billion.
Majority of domestic paper machines are over 20 years old and are no longer truly competitive in a global economy.
Many producers have reviewed entry into specialty grades, but soon learn their equipment does not fit the market's
demands.
Article concludes that 4 out of top 5 paper companies headquartered in USA and consolidation
continues.
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