1. Why an industry that was UP A TREE in on a BIG ROLL.
- Author
-
Taylor, III, Alex and Martin, Thomas J.
- Subjects
PAPER industry ,CAPITAL intensive industries ,PAPER mills ,BUSINESS enterprises ,BUSINESS planning - Abstract
This article focuses on the paper industry in the United States. The paper industry has always had a hard time coping with prosperity. Like a drunk with money in his pocket, paper companies spend their new riches on more machines that spew out tons of paper and push prices back down. This industry is characterized by chronic overshooting of capacity, says professor Jeffrey Arpan of the University of South Carolina. While it is definitely early to say, this time just could be different. Loaded with debt, companies need to repair their balance sheets. Sticky local regulations and nasty environmental laws make new construction dicey. INSET: Lots of pay for lots of performance (CEO Albert Dunlap).
- Published
- 1995