Pulp and Paper Canada

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Review for 2002: Shipments up, earnings decline


February 11, 2003
By Pulp & Paper Canada

The Canadian pulp and paper industry increased its shipment by 2.3% in 2003, to reach 30.5 million tonnes. Although…

The Canadian pulp and paper industry increased its shipment by 2.3% in 2003, to reach 30.5 million tonnes. Although volumes were up, the industry’s financial performance weakened as a result of weaker pricing.
Based on preliminary data, it is estimated that the industry earned $475 million on its pulp and paper operations, compared to net earnings of $1.4 billion in 2001.
Sales in Canada rose 3%, reflecting the relatively strong performance of the Canadian economy. Shipments to the United States increased 2.5%, while shipments offshore advanced 1.7% due almost entirely to increased deliveries of market pulp to China and other Asian markets.

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