International Paper Company's profit fell 40% year-on-year Packaging business business profit increased printing paper business operating profit decreased by 15% According to statistics from International Paper (International Paper), the company's net profit for the second quarter of 2009 was $136 million, down 40% year-on-year, and also lower than the profit level of $257 million in the first quarter of 2009. Net sales for the second quarter were $5.8 billion, which was the same as sales in the second quarter of 2008, slightly higher than the $5.6 billion in the first quarter of 2009. Operating profit was $788 million, significantly higher than the $393 million in the second quarter of 2008, and also higher than the $179 million in sales in the first quarter of 2009. As of June 30, 2009, International Paper held a total of $4.2 billion in cash and liquid assets. The company also generated $1.3 billion in free cash flow, reflecting the company's efforts to reduce capital expenditures and management. Continued efforts in terms of cost and other aspects have yielded results. In addition, the company received $482 million in pre-tax concessions for the use of alternative biofuels. In the company's various businesses, the packaging business showed a year-on-year growth trend. Among them, the operating profit of the industrial packaging business rose to 255 million US dollars, an increase of 67 million US dollars compared with the first quarter of 2009. The increase was due to the increase in sales of this part of the business, the reduction in input costs, the strengthening of production capacity and the gains from International Paper Corporation’s acquisition of the US Goodwood's Cardboard, Packaging and Recycling (CBPR) sector. The negative impact of lower prices. The operating profit of the consumer packaging business was $38 million, up from $22 million in the quarter. The main reason for the increase was that the increase in annual maintenance costs was partially offset. However, the company's printing paper business operating profit of $ 86 million, down about 15% from the quarter. The decrease in profits is due to the increase in annual maintenance costs and the negative impact of factors such as price pressures in the global paper and pulp market. The operating profit of the forest products business totaled $3 million, an increase of $1 million from the 2009 quarter. Corporate expenses for the second quarter of 2009 totaled $44 million, a decrease of $7 million from the first quarter of 2009, but an increase of $23 million from the second quarter of 2008. The company's president and executive officer John Farage said that observing the current global economic situation, the North American market has not shown any signs of continuous improvement, and market demand remains at a low level. The paper market in Latin America has made great progress, and the demand for packaging in China has also grown steadily. Medve Weike's profit rose by 123% year-on-year Packaging business profit fell by 9.3% MeadWestvaco, a US supplier of paper products and packaging products, announced that it had a profit of $125 million (72 cents per share) in the second quarter of 2009, a profit of $56 million from the second quarter of 2008. At 33 cents per share, there was a sharp rise, and profits rose by 123% year-on-year. In this regard, the company said that although the net sales in the second quarter was 1.43 billion US dollars, down 280 million US dollars, but the profit still achieved an increase. According to statistics released by the company, the profits of most of the company's business have increased. Among them, the profits of the consumer and office supplies business and the specialized chemical products business increased by 15% and 36% respectively, but the operating profit of the packaging business was US$49 million, down by 9.3% year-on-year; sales were US$614 million. It was down by 60 million US dollars. The company said that lower sales, higher fixed production costs and adverse exchange rate movements have had a negative impact on profitability. John Luke, the company's president and executive officer, said that they have added value by focusing on the key ways to participate in the market, strengthen the cost-reduction business model, and continuously improve operating capacity. U.S. companies benefiting from the use of alternative energy, which came into effect in 2007, have a tax incentive, and the company has realized a post-tax profit of $123 million, or 65 cents per share. Europe's Stora Enso and Finlin Paper's pre-tax losses will reduce capacity European forestry paper group Stora Enso and M-real Paper Company also recently announced the results of pre-tax losses in the second quarter of 2009. The two major paper giants also issued a warning at the same time. The recession will continue to weaken paper and board demand. According to Stora Enso's second quarterly report, the company's operating profit was 4.9 million euros, a sharp drop from the second quarter of 2008, a profit of 9.4 million. The loss before tax was 370 million euros, compared with 30 million euros in the same period last year. Finlin Paper's pre-tax loss was 9.7 million euros and sales were 585 million euros. Finlin Paper said that in the past four months, pulp prices have rebounded, but demand for specialty papers is still below normal. Both companies said they will take measures to reduce production capacity due to the unfavorable situation in the financial market. Stora Enso also predicts that the paper market demand in the third quarter of 2009 will continue to weaken. But the company's executive said that the company's lower cost overhead will offset the price pressure on certain paper sales. He also said that the market environment is still very challenging for its company. They have not seen any signs of market recovery in the short term. Although the market shrinking rate is slowing down, the market demand for news paper, magazine paper and paper in the third quarter. Still weak.
This table lift has two step and is very popular for height adjustable desks, tables, and can be used as a TV Lift. The set includes 2 lifting columns, 1 control box to control both lifting columns and 1 remote.
Lifting Column,Lift Column,Electric Lifting Column,Steel Lifting Column Shaoxing contuo Transmission Technology Co.,Ltd , https://www.ctelectricdesk.com
Welcome customers from all over the world to purchase the Height Adjustable Desk and Lifting Column.
The overall European and American paper market in the second quarter was tired
According to the second quarter 2009 financial report released by some large paper companies in Europe and the United States, the demand for the European and American paper market is still weak. At the same time, comparing the operating conditions of the two companies in the United States and Europe, the European paper market is facing more pressure than the US market.