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Article: Italy: Production reaches new highs as Italy expands
- Article from:
- PPI
- Article date:
- July 1, 1999
- Author:
CopyrightCopyright Miller Freeman Inc. Jul 1999. Provided by ProQuest LLC. (Hide copyright information)
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Last year was one of the best years in the history of the Italian paper industry. Production volumes reached a record 8.2 million tons. But industry turnover at Lira 11,450 billion ($6.12 billion) was still below 1995 levels. The main difference between 1998 and 1995 can be found in the raw material costs. The record turnover in 1995 was achieved at a time when fiber prices were high, but costs were also far lower in 1998, which helped boost profitability.
Exports in 1998 were flat compared to the previous year. Italian P&B producers managed to maintain market shares in Europe, despite considerable pressure from imports from the Far East and eastern Europe. Imports soared by 80,000 ...