Ready for the upturn

Article Abstract:

Inveresk has reorganized its Kilbagie mill which has become profitable, and the company is focusing on specialist products with a growing market, moving away from commodity products like copier paper. The company's cost base has dropped with a drop in pulp prices, but there are constraints on how much it can charge for paper products. The company's profit dropped in 1998, but its operating profit improved in the second half of the year. The company's profit is forecast at 3.9 million pounds sterling for 1998 to 1999 by Sutherlands.

Inveresk Group Ltd.

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Arjo Wiggins

Article Abstract:

Arjo Wiggins Appleton has been affected by intense competition in the paper industry, overcapacity in the market, and the Asian economic crisis. The company has reorganized and cut costs, and has three divisions based on products instead of geography. The company performed better than forecast in results released in Aug 1999, and should benefit from improvements in the market as a whole as well as its own efforts. Cost savings should start to bring benefits from the end of 1999.

Arjo Wiggins Appleton PLC

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Technical hopes

Article Abstract:

James Cropper is a paper company, and so is affected by cycles which afflict the industry as a whole. The company has developed a division focusing on technical fibers in order to reduce the impact of these cycles. Customers for the fibers include aerospace and computer companies. Pulp is a lower percentage of total paper costs than average, since the company focuses on higher quality paper products. Cropper has also boosted efficiency by investing in new production equipment.

James Cropper PLC

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