image map of in every issue

 

next previous home back issues table of contents


Subscriptions to the printed edition of Pulp & Paper Magazine are free to qualified industry members.
Click here or call the customer service department at (800) 682-8297 for more information.

 




June 1998 · Volume 72, Issue 6

 


NEWS SCAN

 

NEWSPRINT

 

 

MacMillan Bloedel sells B.C. mills

MacMillan Bloedel Ltd.’s board of directors agreed to sell its two pulp and paper mills in British Columbia for C$850 million to an investment group led by brokerage company Goepel McDermid Inc. The deal was expected to close by June 1.

If approved, the new company would select a board of directors and go public with issues of limited partnership units, said Don Shumka, vice president and director of corporate finance for Goepel McDermid, based in Vancouver, B.C. While not identifying the top investors, Shumka said the list includes the most well-known pension fund, mutual fund, and institutional investors who have shares in companies throughout the pulp and paper industry in Canada.

Shumka said Goepel McDermid designed the deal and would have a small stake in the new company. He said investors were interested in the new company because of consolidation within the North American newsprint industry that could lead to a “more stable market going forward” and a “swinging of the pendulum back to a more disciplined production side.” He added that investors liked the “uniqueness” of the mills being able to produce newsprint and a variety of other higher-value groundwood printing papers, including lightweight coated (LWC), high-brights, and directory paper.

The new company would be named Pacifica Papers Inc. and operate the two MacMillan Bloedel mills at Powell River and Port Alberni. The MacMillan Bloedel paper unit and mill management, as well as its 2,000 workers, would be kept on to run the daily operations, according to a news release from MacMillan Bloedel.

With six machines at the two mills, Pacifica Papers can make about 480,000 metric tons of newsprint and high-bright newsprint, and about 220,000 metric tons of directory paper. The Powell River mill also makes 50,000 mtpy of semi-bleached pulp. The 160,000-mtpy paper machine No. 5 at Port Alberni was converted in late 1995 to make LWC for C$200 million; it is the only West Coast machine that exclusively makes LWC for magazines and catalogs.

Since last year, the paper unit at MacMillan Bloedel—MB Paper Ltd.—has been unsettled. The company announced plans to sell the operations in January as part of a 20% reduction in employees across the company. The company would use the revenue from the sale to reduce debt and pay for restructuring efforts.

MB Paper’s largest market shares in the North American pulp and paper industry are in directory paper (where it was the third-largest producer in 1997 with about a 5% share), newsprint (where it is a middle-of-the--pack producer with about a 2.8% share), and LWC (where it has about a 1.5% share). In the first quarter, the MB Paper mills produced 83,000 metric tons of newsprint and 126,000 metric tons of groundwood printing papers. MB Paper has been slowly reducing its newsprint output, while increasing production of groundwood papers.

The other MacMillan Bloedel assets that would be sold are sales and marketing offices in Lynnwood, Wash. (outside Seattle), and Tokyo, Japan, and two power dams. MacMillan Bloedel would continue to provide some of the fiber needed at the Pacifica Papers mills, under a contract reached as part of the sale.

TRADE

 

 

Imports up sharply; exports expand faster

Shipments of coated paper, uncoated groundwood, newsprint, and kraft paperboard topped the list of U.S. pulp, paper and paperboard imports in 1997. Total imports to the U.S. of paper, board, and converted products rose 10% over 1996 to 15.86 million tons, according to data from the Commerce Dept. Exports of paper, paperboard, and converted products rose 8.6% to 13.1 million tons.

According to the American Forest & Paper Assn., imports last year outpaced the 2.7%/yr growth rate since 1990; exports expanded at a 9.8% average annual rate. Domestic paper and paperboard demand, by comparison, rose at a 2% rate during the period.

Imports of woodpulp were up 12.4% to 6.4 million tons; paper and paperboard (excluding converted products) were up 10.1% to 14.7 million tons. Paper imports were 13.2 million tons, up 9.8%, with printing/writing paper imports up 19% to 5.2 million tons and newsprint up 3.1% to 7.1 million tons. Uncoated groundwood imports were up 23.3% to 2.4 million tons, most of which came from the U.S.’s leading trading partner, Canada. Imports of coated printing paper climbed to 1.5 million tons, a 28.6% increase. Tissue imports were up 34.7% to 187,034 tons.

In paperboard and packaging, packaging paper imports were up 14.9% to 611,063 tons. Total paperboard imports were 1.5 million tons, a 12.7% increase.

Leading exports fell into the recovered paper and packaging categories. Semichemical corrugating medium and unbleached kraftliner were up more than 13% and 14%, respectively; 4.4 million tons of unbleached kraftliner were exported. More than 7.5 million tons of recovered paper were shipped out of the U.S., a 4.8% increase.

In paper, newsprint lost ground, slipping 4.5% to just over 1 million tons exported. Printing/writing papers as a whole almost stayed flat, inching down 0.2%. Within the segment, however, clay coated papers gained 11.5% to 558,470 tons. The other grades all showed declines. Tissue also declined, down more than 12%.

Canadian imports up more than 15%

Canadian imports and exports both grew significantly in 1997, according to government and industry statistics. Imports for all major categories rose by more than 15%, while exports were up almost 6%. Among some of the fastest-growing exports were coated papers, especially coated groundwood, of which about three-fourths of shipments are sent out of Canada. Newsprint exports were up almost 7%. Newsprint is the industry’s largest export, followed by market pulp.

In paperboard, significant growth in imports of linerboard and medium occurred in 1997, both up more than 35%, while containerboard exports were up only abut 2%. Market pulp exports continued to rise more than 4%, while imports were about 3% larger.

About 50% of Canadian shipments last year were exported to the U.S. with 33% sent overseas. Preliminary 1997 shipments (including pulp exports) totaled 29.4 million metric tons, according to the Canadian Pulp and Paper Assn.

 

NEWSPRINT

 

 

Bowater to buy Halla mill in South Korea

Bowater Inc. added another key piece to its expansion plans, agreeing to pay $175 million for the one-year-old Halla Pulp & Paper Co. newsprint mill in South Korea. The Halla mill gives Bowater direct exposure in the Asian newsprint market—the fastest-growing newsprint market in the world. Bowater’s plans call for moving half the Halla mill tonnage on the domestic market in South Korea, and the rest throughout Asia, with a special focus on Taiwan, Hong Kong, and China, Bowater v.p.–treasurer James H. Dorton said.

Before reaching an agreement on the Halla mill, Bowater announced an agreement to pay $2.47 billion for Avenor Inc.’s newsprint, pulp, and white paper mills in the U.S. and Canada, and lumber assets. That deal is expected to close in the second quarter. With the Avenor and Halla assets, Bowater would be the second-largest newsprint producer in the world, with just under 3 million metric tons of newsprint capacity. Bowater would also be the first North American newsprint producer to acquire a mill in Asia, where bankruptcies, bank closings, and currency devaluations have cooled down the region’s economy.

Halla is the second-largest newsprint producer in South Korea behind Hansol Paper Co. The company spent an estimated $325 million on building the newsprint mill in the Daebul Industrial Complex near Mok’po in the southwest section of South Korea.

Started full-time in early 1997, the mill has one Voith Sulzer machine (No. 1) that runs at about 1,500 m/min and can produce 250,000 mtpy of newsprint. Halla also had done some plans for a second machine (No. 2) that would basically replicate paper machine No. 1. At the start, the mill made newsprint out of 90% recovered paper and 10% thermomechanical pulp. Of the recovered paper, the company planned to import almost half, including from the U.S., where it set up a West Coast operation.

Bowater already has informally been helping Halla sell its newsprint, Dorton said, through its sales office in Singapore. Halla has been trying to sell newsprint in the U.S. this year, as have several Korean producers looking to benefit from the strong U.S. dollar and reduced newsprint demand in Asia.

Dorton said Bowater wants the Halla tonnage for markets in South Korea and Asia. In turn, Bowater officials have said they would focus export tonnage from North American mills to Latin America and Europe. Last year, Bowater moved about 5% of its total newsprint production, about 68,000 metric tons, to Asia.

In other Bowater news, the company said it expected to sell the 265,000-tpy coated paper and specialties mill in Millinocket, Maine, by the end of this year. As part of the sale, a Bowater executive said the company might add in “several hundred thousand acres” of timberland in Maine. Bowater owns 2 million acres of timberland in Maine. The executive said the mill deal was not expected to include selling Bowater’s private energy company in Maine, the largest private hydroelectric system in the U.S.

Fletcher Challenge Canada Ltd. (FCC) expected to complete the acquisition of the 200,000-mtpy Trust Intl. Paper Corp. newsprint mill, the largest newsprint plant in the Philippines, by the end of April. The TIPCO mill can be easily expanded with another machine since it has surplus deinking capacity onsite. FCC is looking for other acquisitions in Asia.

 

KRAFT PAPER

 

 

Demand for kraft papers still dropping

Kraft paper shipments fell by 3.5% in 1997 and continued falling at an annual rate of 12.4% during the first quarter of 1998. The decline in shipments was split between multiwall shipping sack paper and kraft bag and sack papers for grocery and retail packaging.

Meanwhile, bleached kraft paper shipments increased about 6.4% in 1997 and specialty packaging and industrial converting grades increased about 2.5%. During the first quarter, bleached kraft shipments fell 14.3% from a year ago and the specialty grades remained at the same level. Market prices have remained stable, despite the downturn in shipments. To balance orders and shipments, kraft mills shift available capacity to lightweight linerboard and other products to keep their paper machines running. Further capacity withdrawals are expected during the year for the commodity grades of kraft paper. Shipments of unbleached kraft paper are forecast to decline about 3.5% this year, according to Pulp & Paper Forecaster.

Only the specialty packaging and industrial converting grades will be adding capacity, according to the American Forest & Paper Assn. Shipments of these grades are forecast to increase about 3.5% this year, somewhat offsetting the declines in the commodity grades.

Longview Fibre Co. recently announced its exit from the grocery sack business to focus its marketing efforts on its line of higher-value merchandise and handle shopping bags. The company has introduced three- and four-color process printing capability at the Spanish Fork, Utah, and Walburn, Mass., bagmaking plants. In addition, Longview has introduced soft-calendered kraft papers produced at its Longview, Wash., paper mill. The calendering process will allow enhanced graphics reproduction, said the company. Longview will market bags in natural kraft, bleached, and a wide range of colors.

 

CONTAINERBOARD

 

 

G-P bids $276M for sheetmaker CeCorr

Georgia-Pacific Corp. bid to buy family-owned CeCorr Inc. for $276 million in cash, stock, and debt. G-P’s proposed deal to acquire CeCorr offers the closely held sheet producer approximately $190 million—half in cash and half in G-P stock—for all the outstanding shares of CeCorr, plus the assumption of $86 million in debt. The acquisition of Indianapolis-based CeCorr, one of the country’s largest independent manufacturers of corrugated sheets with annual sales of $282 million, includes 11 corrugator-sheet feeder plants located throughout the U.S., a 225-tpd recycled corrugating medium mill in Massilon, Ohio, and several specialty operations, including Sterling Coatings Inc., an Ohio-based maker of roll-stock finishing.

G-P pitched its acquisition of CeCorr as a “synergistic match” that “fits well with the growth strategy for our packaging business,” according to Debbie L. Davidoff, G-P’s vice president for containerboard and recycling. The purchase also puts G-P three years ahead of schedule in its plan to further integrate its corrugated packaging business.

Davidoff said CeCorr will remain a subsidiary of G-P, running as an independent operation under CeCorr’s existing management and staff. CeCorr’s headquarters will remain in Indianapolis and G-P said it “will work closely with Cecorr to determine the best way to successfully maintain CeCorr’s [corporate] culture.” To date, G-P plans no plant closures or employee layoffs. Davidoff emphasized that G-P will operate CeCorr in the same hands-off manner as its Massachusetts subsidiary, J&J Corrugated Box Corp.

Wall Street analysts and acquisition consultants gave the deal a thumbs up, despite its high cost. With the corrugating medium mill valued at roughly 10% of the purchase price, G-P is paying roughly $20 million for each sheet feeder. “It appears that G-P… regards a higher degree of forward integration in containerboard as a top priority,” noted analyst Chip Dillon of Salomon Smith Barney.

James Ackerman, principal at M.S. Ackerman, a merger and acquisition consulting firm, predicts an increase in integrated-independent buys, pointing to the recent deal between International Paper Co. and Weston Paper & Manufacturing Co. for $232 million in stock, in exchange for the latter’s 11 corrugated box plants and paper mill; and Visy Industries Inc.’s purchase of Delta Container Corp., a sheet plant in New Orleans, La. Ackerman said the independent community may experience consolidation as converters try to grow larger, as Jamestown Container Corp. did when it acquired last year the assets of Willamette Industries Inc.’s sheet plant.

 

SPECIALTY PAPERS

 

 

Mead buys mill from Little Rapids Corp.

Mead Corp. in April announced the acquisition of a specialty paper mill in Potsdam, N.Y., from Little Rapids Corp. of Green Bay, Wis., for an undisclosed cash sum. Mead plans to invest several million dollars over the next three years upgrading the mill to produce higher-value specialty papers for decorative laminates used in countertops, cabinets, and interior panels. The mill will continue to produce pressure-sensitive base stock for masking tape and other products.

The Potsdam mill will become part of Mead’s specialty paper division, which operates a mill in South Lee, Mass., with 75 tpd or 26,000 tpy of capacity for decor papers and industrial technical grades. The Potsdam mill in upstate New York currently operates one fourdrinier paper machine, while a second Yankee fourdrinier machine is idle. It has production capacity of approximately 22,000 tpy.

Little Rapids will continue to operate a specialty paper mill in Shawano, Wis., which produces a range of bleached and unbleached technical and specialty papers. The Shawano mill operates three paper machines with combined capacity of 160 tpd, including machine-glazed and machine-finished papers.

SPECIALTY PAPERS

 

Otis specialty paper mill expands

Wausau-Mosinee Paper Corp. has approved a $25-million capital expenditure at its Otis specialty paper mill in Jay, Maine. The majority of the funds will be used to expand production capacity by about 15% for the mill’s two paper machines, which together produce approximately 190 tpd of release base papers and other technical specialty papers. The plan also includes other enhancements to improve yields, increase supercalendering capacity, reduce operating costs, and provide improved product quality. In addition, the No. 11 paper machine will be retrofitted to allow production of creped tape backing grades.

Wausau-Mosinee acquired the Otis mill a year ago. The mill is an ISO 9002 manufacturer of silicone-coated release base papers and label facing papers for pressure-sensitive products.

 

TISSUE

 

 

K-C hikes prices and modifies diapers

Following increases in consumer tissue prices in the first quarter, Kimberly-Clark Corp. in April said it would raise prices of its Huggies diapers and training pants by 5%, effective July 1. Prices of Huggies baby wipes will increase by around 5%.

The announcement represented the first firm increase in diaper prices for more than a year; the increase is being implemented by K-C to pay for design changes to its Huggies brand, and to compensate for the increasing proportion of sales accounted for by high-count value packs with a lower price per unit.

Accompanying the price change, K-C will improve the absorbency of its Goodnites disposable underpants and its Huggies Supreme diapers. In addition, a new fastening system will be added to Huggies Supreme, and a new leak-proof waistband incorporated into Huggies Ultratrim. Some features are already reportedly appearing, others are slated for introduction in the second quarter.

K-C also will replace its gender-specific diaper jumbo packs of Huggies Ultratrim diapers with unisex packages. In addition to diaper improvements, K-C plans to launch a new range of baby wipes, Huggies Supreme, alongside its existing Huggies wipes in the third quarter.

K-C shut down power-generating operations at its Winslow, Maine, tissue mill on May 1, closing the facility permanently after failing to find a buyer. K-C announced the mill’s closure in November as part of a global restructuring.

 

INTERNATIONAL

 

 

Westvaco expands carton plant in Brazil

Westvaco Corp. announced a $9 million investment in its Brazilian subsidiary Westvaco do Brazil, a consumer packaging operation located in Valinhos, São Paulo. The Valinhos facility is part of Westvaco’s consumer packaging division, a network of eight converting plants worldwide that produce high-quality folding cartons. The Brazilian investment, which was scheduled to begin in April and be completed in late 1998, will add a new flexographic printing press.

E.W. Denton, managing dir. of Westvaco do Brazil, said the flexo press will enable the company to offer a broader range of packaging options. The existing roll-fed gravure press was built in 1992 and is equipped for inline die cutting. The new flexo press will also be capable of printing and die cutting cartons in one continuous process. The expansion follows more than $1 million already invested in the plant since it was purchased in 1996. Westvaco also produces containerboard and corrugated packaging in Brazil through its subsidiary Rigesa Ltda.

P&G buys out partner in Latin ventures

The Procter & Gamble Co. and Chile’s Cia. Manufacturera de Papeles y Cartones SA (CMPC) said P&G would acquire 100% ownership of the joint venture companies they operate in Argentina and Chile. The joint operating companies, Productos Sanitarios SA (Chile) and Prosan SA (Argentina), were formed in 1992 to market disposable diapers and feminine hygiene products in Chile, Argentina, Paraguay, Uruguay, and Bolivia. CMPC will receive $375 million in cash for its 50% interest in each company.

CMPC, Chile’s second-largest paper and forestry group, said the funds would be used to finance future investments.

LABOR

 

 

Longest B.C. strike vs Fletcher Canada ends

About 2,400 unionized employees at three Fletcher Challenge Canada Ltd. (FCC) pulp and paper mills (MacKenzie, Crofton, and Campbell River) returned to work in late April after voting by a margin of 59.3% to accept a revised contract agreement that ends the longest labor strike in British Columbia’s history. The final settlement pact reflects months of tense negotiation and a mediated compromise that, in broad terms, responds to Fletcher Canada’s demands for full flexibility while protecting union workers with carefully crafted terms designed to prevent job loss or displacement.

Negotiators for both the company and the two striking unions—the Pulp, Paper, and Woodworkers of Canada (PPWC) and the Communication, Energy, and Paperworkers (CEP) union—voted April 17-18 to accept the deal, with 81% of the 2,400 members casting ballots. The contract gives FCC three of its key demands including broadened worker flexibility, the controversial practice that allows workers to cross trade lines to perform multiple tasks. The company also gets a 365-day work year and capability to produce tonnage on the last of labor’s hold-out holidays, Christmas. The contract will span a six-year period retroactive to May 1997 and expiring April 30, 2003.

The pact was generally viewed as a win for FCC but, in fact, the union leadership recommended that employees accept the deal because it includes important safeguards for labor, namely job protection. The pact, which will be used as the model pattern agreement in other B.C. contract negotiations, gives union workers a 2% wage hike starting May 1, 1998, with subsequent wage hikes of 2%/yr in each of the remaining four years, along with a signing bonus of C$2,750/employee. In exchange for the 365-day work year, employees will get double-time pay for Christmas and improved pension benefits that up the employer’s contribution from 9% to 10%.

In exchange for flexibility, the company agreed to give union workers additional pay hikes; maintenance workers affected by flex receive an additional raise of C$0.95/hr and operations workers subject to flex get an extra C$0.40/hr. The new contract also includes revised language that eliminates the typical management rights clause on flex. As one union source noted, “to the extent possible, the language constrains and hems in the company’s attempt to downsize.” In addition, the contract includes numerous job security provisions designed to sustain the number of existing jobs, and it incorporates improved linkage language designed to ensure new job opportunities are not taken by outside contractors.

"This is not the outcome we wanted on flex,” union leaders told their membership. “But neither is it the outcome that Fletcher Challenge staked everything on." The company seemed to agree as its negotiator, Eric Harris, noted in a statement, "It has been a long and intense dispute, but we have reconciled the needs of the company and its employees in this agreement."

CAPITAL SPENDING

 

 

U.S. spending in '98 to rebound after sharp drop in '97

The mantra of controlled capital spending for plant, property, and equipment appears to have taken a foothold for at least one or two years in the U.S. pulp and paper industry. Capital expenditures by 33 U.S. pulp and paper manufacturers dropped more than 14% in 1997 to total less than $10 billion for the first time since 1994. Estimated spending for fiscal year 1998 is forecast to rise a modest 2.5% to total approximately $9.8 billion, based on company reported estimates.

Last year’s roundup of capital spending forecast a spending drop of over 9% in 1997. However, a number of companies scaled back their spending programs during the year, resulting in an actual decrease in capital spending of 14.4%. Last year’s decrease is the largest since a drop of almost 28% reported by 27 companies in 1991, following a previous spending peak of $10.9 billion in 1990.

Of the 27 companies tallied in 1997, only four companies spent more than had been estimated for the year. In contrast, 11 companies had actual capital spending in 1997 that was more than 10% below estimated spending.

The same five companies are responsible for over 41% of tallied capital spending in both 1997 and estimated 1998: International Paper Co. (IP), Procter & Gamble Co. (P&G), Georgia-Pacific Corp. (G-P), Weyerhaeuser Co., and Westvaco Corp. Spending by these five companies totaled over $3.9 billion in 1997 and is forecast to be $4.1 billion in 1998, an increase of 3.6%. Of these five, only P&G is currently installing production capacity with either new paper mills or machines, with one tissue PM slated to start up later this year and two more PMs at a greenfield site in 2000-2001.

Fort James Inc., Kimberly-Clark Corp. (K-C), and Willamette Industries Inc. round out the top eight spending companies, which account for 58% of the total in each 1997 and 1998. Fort James is slated to begin production on a new tissue PM in early 1999, partially accounting for its expected 8.7% increase in 1998 spending. K-C is forecast to decrease spending by almost 7%, following the startup of a new tissue PM in late 1997. Spending by Willamette is forecast to decrease about 20% in 1998, partially as a result of the startup of its new 300,000-tpy uncoated free-sheet PM in Hawesville, Ky., in mid-May.

Nineteen of the 33 tallied companies have estimated 1998 spending higher than 1997. Bowater Inc. will more than double its 1997 spending, with major capital projects slated to install new thermomechanical pulp (TMP) mills in Calhoun, Tenn., and East Millinocket, Maine, by late 2000. Spending by Potlatch Corp. will also be notably higher as it begins the final phase of its pulp mill expansion in Cloquet, Minn.

 

























TISSUE

 

 

Tissue producers to add 65 new PMs

The global tissue market will continue with strong capacity growth through 2000, adding approximately 1.8 million metric tons of new capacity, based on data compiled by Pulp & Paper Project Report. Net capacity growth will be slightly lower with planned or anticipated tissue capacity shutdowns. Asia and North America will each add around 550,000 tpy of capacity, while Europe is slated to grow by over 475,000 mtpy.

The new capacity is approximately 9.7% of global tissue capacity of almost 18.5 million metric tons in 1996 reported by the Food and Agriculture Organization of the United Nations (FAO) in its 1997 capacity survey. The growth in capacity is a result of the installation of 65 new and used PMs from 1997 through 2000 to manufacture tissue grades. This follows the startup of 16 new PMs in 1996.

The mega-mergers of Fort Howard Corp. and James River Corp. to form Fort James Corp. in 1997 and Kimberly-Clark Corp. (K-C) and Scott Paper Co. in 1995 are still resulting in machine and mill closures of older, high-cost facilities. Fort James announced in January that it would close and dismantle two of its older mills in the U.S., eliminating an estimated 90,000 tpy of capacity.

Late last year, K-C announced that it would eliminate more than 220,000 tons of tissue manufacturing capacity, representing about 10% of the company’s overall capacity, by either sale, closure, or downsizing of up to 18 manufacturing facilities worldwide. To date, the company has only identified two U.S. mills and one French mill that are to be downsized or closed, representing an estimated 190,000 tons of capacity. However, two of these mills may be sold, keeping a significant amount of capacity in production.

One effect of consolidation, especially in North America, has been the move towards larger-capacity paper machines that replace smaller, older equipment. Eighteen of the 65 new machines being installed have a capacity greater than 50,000 mtpy, including seven in the U.S. In Europe, only four new major installations have been confirmed through 2000.

In the developing markets of Asia and Latin America, seven major installations are being built, with four of them underway in China and Indonesia by Asia Pulp & Paper Ltd., the emerging Singapore-based pulp and paper manufacturer. However, the vast majority of installations are either smaller new PMs from Italian machine suppliers or used PMs, often from the U.S.

CityForest Corp. has completed the required financing for its new tissue machine (No.4) to be installed at its mill in Ladysmith, Wis. The Voith Sulzer machine is now slated to begin production in third-quarter 1999. A new deinking plant to supply fiber for the new machine will begin production in second-quarter 1999. The new machine will have a capacity of 88 tpd. However, net capacity gain will only be 55 tpd, as machines No. 2 and No. 3 will be shut down. Mill capacity to produce parent rolls will increase to 130 tpd.

Asia Pulp & Paper has started up a 60,000 mtpy tissue machine at its Pindo Deli mill in Karawang, Indonesia. Commerical production is expected by the end of the year. Andritz supplied the machine, No. 11, which was built for an estimated $150 million.

CORRECTION There was an error in the coated groundwood grade profile in the May issue. Repap's tonnage in the "top North American Producer's" table should read 492,000 tpy, ranking the company fitth.


 

next previous home back issues table of contents



Home
News Center
Daily News
Week in Review
Stock Prices
Pricing
Futures
Research
Archives
Sales&Earnings
Statistics Center
Import/Export
Production/Shipment
Magazines
P&P Magazine
PPI Magazine
Back Issues
Networking
Buyers Guide
Calendar
Chat
Industry Links
Product Catalog
P&P Events
About Us
Welcome
Registration
Subscriptions
Lost Password
Sponsorships
© 1998 MFI