B.C. Task Force Releases Report On Pulp & Paper Economic Prospects

The task force, which includes representatives from all 20 pulp and paper mills in B.C., commissioned Poyry Forest Industry Consulting to conduct an assessment of the industry's competitive position and its future economic prospects. The Poyry report found the industry's major challenges include increased global competition, growing concerns about fibre availability and affordability - particularly with the pine beetle epidemic - and rising pressures from the strong Canadian dollar. "The pulp and paper sector has suffered from poor returns on investment for a prolonged period of time due to poor market conditions," said David Gandossi, chair of the B.C. Pulp and Paper Task Force. "The result is that the industry has not made the kinds of capital investments required for a sustainable industry; clearly, this has to change." http://www.newswire.ca/en/releases/archive/January2008/10/c7979.html here's the report: http://www.pulpandpaperbc.ca/pdf/Poyry-BC-Task-Force-Draft-Final-Report.pdf

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