Transcript Association of Independent Corrugated Converters

2003 Spring Meeting
March 26-29,2003
San Antonio, Texas
Good to
Great
From
Jay Wertheimer
Chairman, 2002-2003
Corrugated Shipments Down
Corrugated
Shipments

Lowest levels since 1996

-5.4% decline in 2001

Unchanged in 2002

Year to date we’re down – 0.4%
405
400
395
390
385
380
375
370
365
1997
Source: Fibre Box Association
1999
2001
Market Share of Independents
Market share held by
independent is eroding over
the past six years
Independent
Integrated

From a high of 25.2% in
1998, it is now 23.5%

350
300
250
200
150
100
50
0
1996
Source: Fibre Box Association
1998
2000
US Containerboard Market Share
2002
Top 5: 71%
2%
18%
7%
Top 10: 82%
12%
22%
10%
16%
13%
Smurfit-Stone
Intl Paper
Weyerhaeuser
Georgia Pacific
Inland
Packaging Corp.
Boise Cascade
All Others
Source: Morgan Stanley Dean Witter Equity Research, 2000-2001