Felicien outage, a cold outage at Thunder Bay, market slowback
at the two recycled bleached kraft pulp mills and extended downtime at the Coosa Pines fluff pulp mill.
Corrugated shipments were flat compared with a year ago, which is slightly better than Fibre Box Association-reported industry shipments, while containerboard shipments declined due to slowback
and maintenance downtime to maintain appropriate inventory levels.
Stecko, Chairman and CEO of PCA, said, "The past quarter was the most difficult quarter PCA has ever faced operationally, with box volume down almost 10% and mill downtime and slowbacks amounting to 90,000 tons.
Forward-looking statements include statements about our future earnings and financial condition, expected downtime and slowbacks, our industry and our business strategy.
Lower shipment volumes, raw materials inflation and mill slowbacks
, as well as restructuring expense and other related costs of $33.
Including these outages, as well as other market related downtime and machine slowbacks
, containerboard production in the first quarter of 2001 was down 32,000 tons compared to the first quarter of 2000, and down 46,000 tons compared to the fourth quarter of 2000.
Even though second quarter volumes in many of our paper businesses were flat or slightly lower than first quarter, our careful management of inventories through mill downtime and slowbacks
helped us achieve an excellent quarter.