21 May 2009
Global forest and paper industry loses US$8 billion in 2008, report says
VANCOUVER—The global forest, paper and packing (FPP) industry lost US$8 billion last year, according to a report released by PricewaterhouseCoopers at the Global Forest and Paper Industry Conference in Vancouver on May 8.

In 2007, the FPP industry recorded a profit of US$14 billion. Canada and South America saw the biggest drops, with Canada seeing a net loss in 2008 of $US4 billion, compared to a loss of US$900 million in 2007.

The report also noted that Canada—B.C. in particular—is the only region actually showing negative returns on investments because mills are closing and production is moving south. The report attributes this partly to the collapse of AbitibiBowater and also to the decline of newsprint consumption, which has fallen 50% in North America over the past ten years.

Pulp prices in 2008 were also at their highest since 1995.

Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Joeseph says:
PRINTING United 2021 in the USA is still looking pretty strong (it's in October 2021)....
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print