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Bad Prospects for Austrian Paper Industry
In 2011, production of the Austrian paper industry declined by 2.2%. In 2012, there is no reason to be optimistic, the industry says.
Bad Prospects for Austrian Paper Industry / Picture: © Vindobona.org
The Austrian paper industry could not continue the upward trend of 2010. Despite a rise in revenues, production was down by 2.2%. Revenues rose by 6.0% to € 4.02bn. As commodity prices were on the rise, profits are declining. The rising revenues were due to “long awaited” price increases.
In 2012, the industry faces enormous challenges, Wolfgang Pfarl at the association of…
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