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Viewed as a speculative and complicated financial instrument, derivatives may help paper industry firms and their customers reduce risk and improve earnings When most people hear the word 'derivatives,' they [...]

Paper companies which focused on particular market segments and invested in long-term execution-based projects increased their shareholder value between 1986-1996 according to an Andersen Consulting study. Paper companies which concentrated their investments in a few market segments had lower overhead costs. Paper companies' ability to boost their shareholder value depends on the market segment diversity and not on the market segments in which they operate., When it comes to creating shareholder value -- generating stock appreciation and dividend payments -- there have been some clear winners, and 'losers' in the forest products industry. According to [...]

The pulp and paper industry requires capital investments double the average of most US manufacturing industries. The pulp and paper industry also has the lowest shareholder return of any industry. As a result, third-party, non-recourse financing has several benefits for the industry. The major benefit is that this type of financing does not affect the balance sheet of the host company., Editor's Note: In the December 1996 issue, Pulp & Paper published an article by Daniel J Cenatempo of Jacobs-Sirrine on project financing ('Project Financing Offers Investment Option with Low Borrower [...]

The number of deinked or recycled mills developers that are turning to tax-exempt revenue bonds to finance their facilities has increased. These recovered paper mills, which are usually deinked market pulp mills using a variety of grades of office waste or linerboard mini-mills using mixed office waste, DLK and OCC, are becoming increasingly dependent on institutional financing. While such nonrecourse financing allows for low-cost option, it also forces the developer to show investment stability., Why are developers of recovered paper mills talking to institutional investors regarding financing of their proposed facilities? In recent years, there has been an increased number of recycled or deinked [...]

Capital investment in the US and Canadian paper industries is predicted to be slow as decreased spending continues to dominate the market. Capital outlays for environmental improvement programs decreased in 1993 but are predicted to improve in the later part of 1994. Meanwhile, companies are looking into the use of recycled fiber and recycling capacity in the US is expected to reach a 7% annual rate. Canadian mills intend to spend C$7 billion from 1993-95 while the US outlays from $3 to $4.3 billion for projects over a two year period., Spending plans are down for the fourth year in a row, as a strong recovery continues to elude the industry BUSINESS CONDITIONS REMAINED EXTREMELY tough in 1993, especially for Canadian [...]

US and Canadian pulp and paper firms did not perform well in 1992, leading to a decline in capital spending plans. These companies are also expected to allot more for environmentally-related projects because of more stringent state, provincial and federal laws. There will be an increase output of recycled fiber products which will partially compensate for the effects of the recession. US pulp and paper companies will invest $13.4 billion on mill modernization between 1992 and 1994 while Canadian firms plan to allot 8.8 billion Canadian dollars within the same period., Spending plans are down for the third straight year, but the trend has leveled off and should turn positive as the recovery progresses Pulp and paper companies in the U.S. [...]

Pulp and paper companies in the U.S. and Canada will cut back sharply on capital spending this year in the face of continued weakness and uncertainty in the economy, stubbornly [...]

Capital Spending Plans: 1990-92 Paper industry capital spending has boomed for the past two years, but the slowdown in business that began last year will lead to a slowdown in [...]

The pulp and paper industry spends twice the amount of capital investment that other commodity industries do. Feasible capital projects must be identified to ensure an adequate level of return on investment. Capital effectiveness must also be identified early in the development of a project in the pulp and paper industry., Methods for analyzing data and profitability in early project phases, as well as optimizing spending, lead to more accurate projections for investment returns Despite spending twice the capital of other [...]

US and Canadian pulp and paper sector encountered several difficulties in 1992 although spending plans indicate that a recovery is expected. The spending plans on mill improvement of US companies are pegged at $13.6 billion for the 1992-94 period while those of Canadian companies are at 9 billion Canadian dollars. On environmental improvements, US mills are alloting $1.9 billion while Canadians are planning to spend 2.9 billion Canadian dollars., Water quality improvements, especially to limit dioxin formation, push environmental outlays up to highest level since the 1970s Pulp and paper companies in the U.S. and Canada struggled through another [...]

Balance of Costs and Technology Will Yield Kraft Pulp Mill of the Future Report analyzes how such factors as environmental regulations, quality issues, and new technologies will affect the cost [...]

Given the current recession, it comes as no surprise that a Pulp & Paper Week survey of 31 U.S. forest products manufacturers shows a 53.1% decline in earnings to $600.6 [...]

Profits drop 22% in U.S., plummet 69% in Canada North American paper industry earnings continued to spiral downward as U.S. and Canadian producers suffered from prolonged weak newsprint and market [...]

In the race to the new millennium, U.S. paper companies invested considerable resources to avoid any problems associated with the so-called Y2K (year 2000) computer bug. Hundreds of millions of [...]

Re-Box Paper Inc. is closing in on financing a 175,000 tpy recycled white top linerboard machine in De Pere, Wis. Plans call for completing financing in early 2000, and building [...]

Longview Fibre Co. posted a profit of $20 million for the fiscal year ended Oct. 31, reversing a loss of $6.7 million in fiscal 1998. The company said 'improved operating [...]

A majority of Canadian paper and forestry companies posted improved financial results in the third quarter due to rising prices for most grades, but weak market prices for newsprint and [...]

A court-appointed receiver is studying several options to save the financially troubled Gallaher Thorold Paper Co., located in the Niagara region of southern Ontario. The Gallaher mill produces a variety [...]

A handful of Canadian paper and forestry companies posted improved financial results in the second quarter, but weaker prices for pulp, newsprint, and groundwood papers hurt several large producers of [...]

Skeena Cellulose Inc. of Vancouver, B.C., has received provincial authorization to proceed with a C$110 million capital expenditure program in connection with the company's restructuring early last year. The funding [...]

Canadian pulp, paper, and forestry companies reported mixed earnings results for the first quarter of 1999. A survey of 21 companies showed total net earnings of C$98 million before special [...]

Westvaco Corp. reported a 21% decline in earnings for the fiscal quarter ended Apr. 30. Second-quarter earnings totaled $27.3 million compared with net income of $34.6 million in 1998. Sales [...]

First-quarter earnings for U.S. pulp, paper, and forest products companies came in better than many Wall Street analysts expected which boosted stock prices to recent highs for many producers. Those [...]

Capital expenditures by North American pulp and paper manufacturers, including expenditures for environmental and Year 2000 (Y2K) compliance, are expected to increase 8.1% in fiscal 1999, according to a survey [...]

Canada's paper and forest products sector posted a small profit in the second quarter, reversing big losses recorded in the first quarter of the year. The pulp and paper segment [...]

Capital expenditures by U. S. paper companies will decrease more than 9% this year, according to a survey published in Pulp & Paper Project Report. A survey of 27 companies [...]

U.S. and Canadian paper and forest products companies posted record profits in the third quarter, continuing the industry's cyclical upturn for another three months. Pricing for a number of paper [...]

Earnings at U.S. and Canadian paper and forest products companies continued rising during the second quarter as pulp and paper prices surged ahead. Higher paper prices more than offset increased [...]

U.S. paper and forest products companies reported sharply improved sales and earnings in third-quarter 1994 compared to a year earlier. A strong recovery in pulp and paper prices, continued growth [...]

Most forest products and paper manufacturing companies experienced earnings improvements in the 2nd qtr of 1994. The earnings gains resulted from rising product prices, although products such as uncoated free-sheet and lightweight coated printing papers continued to exhibit weak pricing. A survey of 34 US-based forest products companies showed that earnings rose 20.7%, to $664.4 million, in the 2nd qtr of 1994 compared to the 2nd qtr of 1993., A majority of U.S. paper and forest products companies reported a pickup in earnings in the second quarter of 1994 as prices for market pulp, newsprint, and linerboard, among other [...]

Newly organized Rainy River Forest Products Inc. plans capital expenditures of $334 million from 1994 to 1996 at its three mills in the U.S. and Canada, according to a prospectus [...]

A Pulp and Paper Week survey of 34 public companies showed an 11% reduction in the earnings of the US forest industry earnings for 1st qtr 1994. The survey also showed a 10.9% decline in the firms' adjusted incomes for the same period compared to 1st qtr 1993. The reduced earnings can be attributed to bad weather, reduced economic growth, lower prices and higher production costs. However, the earnings were higher than that registered in 4th qtr 1993., A combination of bad weather, reduced economic growth, weak prices for many grades, and higher costs pushed U.S. forest industry earnings down almost 11% in the first quarter of 1994, [...]

The closing months of 1991 were not good times for producers of newsprint, market pulp, or wood products--the Canadian forest product industry's three most important sources of revenue. A Pulp [...]

Canadians post massive losses Corporate profits in the Canadian forest products industry continued to slide in the third quarter as newsprint and pulp prices spiraled down. Exacerbating the industry's woes, [...]

Canadian pulp and paper industry losses in the current market downturn appear even worse than the red ink manufacturers spilled in 1982, according to most industry observers. A Pulp & [...]

Despite some benefit from belt tightening measures, first-quarter 1991 sales for the Canadian pulp and paper industry tumbled and only two companies reported making any profit growth at all. A [...]

Through the first quarter of 1991, declining prices, sluggish demand, and excess capacity continued to squash markets for U.S. paper companies. Georgia-Pacific Corp. and Boise Cascade Corp. reported losses, and [...]

Red ink grows for Canadian paper industry With the deteriorating markets for market pulp and lumber and the continuing handicap of a strong dollar, the Canadian paper industry plunged deeper [...]

U.S. paper industry profits drop; Canada sinks Price erosion in containerboard and market pulp and a dismal performance from wood products operations drove third-quarter U.S. paper industry profits down 37.1% [...]

U.S. paper profits tumble, Canada plummets Despite higher production, U.S. paper industry profits continued to spiral downward in the second quarter due to lower prices for many grades. Second-quarter earnings [...]

Canadian industry profits tumble in 1989 Canadian pulp and paper company profits plummeted 65% in fourth - quarter 1989 from a year earlier and were down 31.6% for all of [...]

U.S. paper industry profits up 3.6% in 1989 Despite a decline in the final quarter, U.S. pulp and paper companies managed to boost earnings for the fourth consecutive year in [...]

Canfor Corp. has written off its investment and restructuring charges in Howe Sound Pulp and Paper Ltd., after determining that it would not recover its losses. The investment write-off amounted [...]

Most Canadian companies' 1998 financials reflected the impact of consolidation in the country's pulp, paper, and forest products industry. The biggest winner was MacMillan Bloedel Ltd., Canada's largest forestry group. [...]