Paper and board: an industry in the throes of global restructuring

The paper and paperboard industry in Europe will undergo drastic changes by the end of the 1990s. Both European and US corporations in Europe have recently acquired European paper companies. One of the main reasons for the increasing amount of acquisitions is the increasing capital-intensiveness of the industry. Nordic firms have been particularly aggressive in acquiring paper companies. The European paper industry will continue to become more concentrated as a result of market pressures and the creation of a single European market.