Wednesday, March 24, 2010
News from AF&PA Meetings
The American Forest & Paper Association is currently conducting their annual meeting in NYC and reported that USA paper and paperboard capacity dropped 2.5% in 2009 to 93.9 million tons, with 2010 capacity expected to decline 3.4% followed by stability in 2011 and 2012. In 2009, 14 US mills were permanently closed, shutting down 16 paper and paperboard machines, with an additional 11 machines permanently closed at other mills. Other machines and mills have been indefinitely idled and may be restarted in the future. AF&PA represents 90% of USA industry capacity.
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1 comment:
Trend not looking so good for what was once a growing and important industry in North America. reduced demand, inefficient equipment being permanently dismantled, and other equipment temporarily stopped due to poor demand, not good at all.
Why are major funds interested in investing in an industry that is sick without a cure to become better?
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