SOURCE: Industrial Info Resources

Industrial Info Resources

February 02, 2011 05:10 ET

Forest Products Industry Spending in 2011 Geared to Energy Investments, a "Navigating the Currents of Change" Webcast on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - February 2, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The outlook for the North American Pulp, Paper & Wood Industry for 2011 reads much like the forecasts of recent years and contains many of the same elements that have led to a continuous flat-line trend in capital spending. Despite shrinking capital budgets, the spending outlook for the next 12 months forecasts several billion dollars in capital and maintenance expenditures. Most of the in-plant expenditures are geared toward energy investments: Companies are investing in increasing electrical generation, improving operating efficiencies by adding new units and rebuilding boilers.

Industry consolidation has been a mark of past years, and there are low expectations for large mergers and acquisitions for 2011. Beyond the recent announcement of Rock-Tenn Company (NYSE:RKT) (Norcross, Georgia) purchasing Smurfit-Stone Container Corporation (NYSE:SSCC) (Chicago, Illinois) for $3.5 billion in cash and stock, there are no transactions of scale on the radar for the rest of the year.

Click here to hear this and other "Navigating the Currents of Change" webcasts.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to pulpandpapergroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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