The International Paper Company, the world's largest pulp and paper producer, reported a loss for the forth quarter of $101million due to a decline in sales. The Industrial Packaging unit dragged down the balance of the corporation, posting a loss of $391Million.
Meanwhile, Domtar experienced strong pulp sales and benefited from recent pulp price increases. The company announced a profit of $124Million for the forth quarter (compare to a loss of $676Million 4Q2008).
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2 comments:
2010 will be a real battle field - demand still soft and no more black liquor tax credits. I think more M&A and mill closures.
Real fun will be 2010 indeed - with higher costs and no credits from Uncle SAM!
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