Mead

Though some negative factors are afoot, carton converters continue to eke out profits. by Susan Friedman, Editor The slowing economy, coupled with board price pressures and rising energy costs, have prompted many bigger players in the folding carton market--Caraustar, International Paper, and Mead among them--to issue decreased end-of-2000 earnings projections in recent months. In December, Mead revised its fourth quarter earnings estimates for its paper and containerboard businesses due in part to unfavorable pricing conditions, and announced its Packaging Division had been negatively affected by soft market conditions and weak foreign currency. International Paper's revised projections announcement cited energy costs, particularly natural gas

More Blogs