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State of the North American Pulp & Paper Industry - The Center for ...

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What Is <strong>North</strong> America’s –<br />

Market Perspective?<br />

<strong>The</strong> Result Was Persistent Over-capacity,<br />

Globalization <strong>of</strong> Markets -- Which Undermined &<br />

Sustained Weak Balance a Sheets, Debt Levels,<br />

e Pricing, Pr<strong>of</strong>itability & Shareholder Returns<br />

In response – <strong>The</strong> <strong>North</strong> <strong>American</strong> <strong>Industry</strong> has now<br />

begun to restructure to better compete in this changed<br />

global market environment – but <strong>the</strong> challenges and<br />

stakes are great and <strong>the</strong> progress moderate.<br />

8

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