Global sales rise 11.8% in 2004
Pulp & Paper, Aug 2005
SALES
The global forest and paper industry increased sales and cash flow last year, and its return on capital employed averaged 5.5% in 2004 from 4.2% in 2003, according to PricewaterhouseCoopers' eighth annual Global Forest and Paper Industry Survey released July 13.
Total global industry sales rose 11.8% in 2004 to US$340 billion, PwC said. Cash flow generated from operations increased 25.2% to US$36 billion. The survey is based on the financial returns of the world's largest 100 forest and paper firms.
The forest and paper industry worldwide faced rising energy and material costs, and felt mixed effects from the weaker U.S. dollar. Other factors were continuing low interest rates, strong housing demand in North America, increased product demand from China, ocean port congestion, and a North American railcar shortage.
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