North American container-board projects total 2.4 million tons over 2013-2015 period, boosting capacity about 6%

摘要

Consolidation has enabled North American containerboard producers to significantly improve their profitability in recent years. EBITDA margins of some major producers have been approaching or exceeding 20% in recent quarters. But the high containerboard margins have caused more capacity expansion activity with mid-tier producers and new market entrants converting machines from other grades or installing the latest technology recycled machines, raising concern among investment analysts about potential oversupply.