State of the North American Pulp & Paper Industry - The Center for ...
State of the North American Pulp & Paper Industry - The Center for ...
State of the North American Pulp & Paper Industry - The Center for ...
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es % <strong>of</strong> Dep preciation<br />
Capita al Expenditu<br />
275%<br />
250%<br />
225%<br />
200%<br />
175%<br />
150%<br />
125%<br />
100%<br />
75%<br />
<strong>Industry</strong> Per<strong>for</strong>mance – Capital<br />
Spending/Depreciation<br />
50%<br />
25%<br />
0%<br />
1975 1978 1981 1984 1987 1990 1993 1996 1999 2002<br />
US CAPEX<br />
Likely To<br />
Remain<br />
Significantly<br />
Below<br />
Depreciation<br />
Levels<br />
And Are Now<br />
Below<br />
Maintenance<br />
Levels<br />
18
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