Industry adopts strategies to survive current downturn. (Pulp and paper industries implement plans to cope with the economic downturn)

Northern Ontario Business, March, 1991 by Krejlgaard, Chris

Industry adopts strategies to survive current downturn

With sales and revenue figures declining, pulp and paper producers are implementing a number of strategies to cope with the economic downturn.

Steve Hessian, resident manager at Domtar Inc.'s Red Rock operation, said Domtar officials have prepared a pair of plans, a rolling five-year plan and a yearly plan.

"It (the plans) gives us two kicks at the cat," said Hessian. "Between January and June we'll update the five-year plan and from June to December we'll plan for 1992."

The company's plan for 1991 emphasizes cash conservation by reducing raw material inventories, operating costs and capital expenditures.

The latter move includes pushing "any and all (capital) projects...

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