Survey subject:

Capital plans 2010

[1]

2^nd Tuesday Surveys are Copyright 2010 by Paperitalo Publications and used by permission of the Copyright Owner

Confidential level and error band:
(90% confid. Level, +/- 10% error band)

No. of respondents: ??

Pulp & Paper Industry

49% US respondents, 11% Western Europe, Scandinavia was 7%

When asked about their 2010 capital budget

•         4%..... said will go up significantly (< 50%)

•         19%... said will go up moderately (>25%)

•         37%... said it will stay the same

•         21%... said it will go down moderately (>25%)

•         16%... said it will go down significantly (<50%)

When asked about the largest influence on their 2010 capital budget:

•         23%..... said availability of funds

•         48%..... said overall business conditions

•         23%..... said overarching long term business strategy

When asked where capital will be spent in 2010, the number 1 answer was stay-in-business (non-ROI) expenditures (27%)

When asked, in the past then years, capital expenditures…

•         12%..... Have been more than depreciation

•         26%..... Have equalled depreciation

•         9%....... Have been around 75% of depreciation

•         26%..... Have been around 50% of depreciation

•         19%..... Have been around 25% of depreciation or less