Fitch: Slower Year for U.S. Paper & Forest Products Industry.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- Improving capital and cost structures will be the focus for U.S. paper and forest products companies this year as fiscal 2005 will be unlikely to provide a recovery to stimulate new investment, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. . Fitch's overall outlook for the industry is stable in 2005. Paper companies should continue to make money as they did in 2004 but with less overall growth in volumes. On the forest products side, prices and earnings are likely to be under 2004 averages. Paper demand has been strong but not uniformly, and price increases may be few this year and driven more by costs than by recovery. The full report 'U.S. Paper and Forest Products: Perceptions for 2005,' dated February February: see month. 1, 2005, is available on the Fitch Ratings web site at www.fitchratings.com. |
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