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Nothing to panic about

2012-10-23 Pasi Laine, president of Metso Group's Pulp, Paper and Power, spoke to China Daily on the pulp & paper market in China recently. Mr Laine said it's just a question of time when the Chinese pulp and paper industry will be profitable again.

"The entire papermaking industry has been on a downward trend. Negative


growth of the papermaking companies' sales revenues indicates that the


industry is loss-making," says Pasi Laine, according to Pulp &


Paper Asia.


According to the financial reports of papermaking companies, chinese


businesses in the sector made only 260 miljoner yuan, 41 miljoner


dollar, in profit in the first half of this year.


"I haven't heard demand in the pulp and paper industry is going down.


It is a little bit lower than it used to be. I'm sure it will grow very


soon in China," was Laine's prompt retort.


"It's normal in this kind of industry where investments are heavy," he said.











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