Paper 360
As usual, the annual comprehensive list of the industry’s biggest players has some changes—but expect more in future years as M&A scuttlebutt heats up.
MARK RUSHTON, GRAEME RODDEN
The usual suspects again occupy the top 10 spots in our annual ranking—by sales of pulp, paper, converting, and merchandising materials (PPCM)—of public companies in the pulp and paper industry. For the umpteenth year, International Paper leads the industry in sales.
WestRock, a new entity created by the merger of RockTenn and MWV and which debuted in fourth place in 2016, moves up a notch to third, trading places with Japanese giant Oji. Of note, DS Smith moved up a spot to number 12. With its acquisition of Interstate Resources in 2017, expect it to move even higher in the rankings next year. Nine Dragons of China also continues its march up the sales rankings, now at 17.
Although falling in terms of the rankings, Lee & Man increased its sales in 2016 and it is expected that the company has some significant moves planned for the future. Oceania-based Orora returns to the table.
As noted last year, Weyerhaeuser leaves the listing as it is now strictly a wood products-based enterprise. Catalyst has privatized and, although some results are listed, this could be the company’s swan song in the Top 100.
There are other notable events happening that will affect the Top 100. Paper Excellence is set to purchase Eldorado Brasil Celulose in a deal worth US$4.7 billion; and, at press time, Tembec seems to have accepted Rayonier’s offer of a buy-out.
A few years back, this was the PPI Top 150. Now, the editors need to dive deeper to come up with the Top 100.
Mark Rushton is senior editor, Europe and Asia, and Graeme Rodden is senior editor, North and South America, for Paper360°. Both have been part of the editorial team compiling past PPI Top 100 lists. Reach them at [email protected] and [email protected], respectively.
THE MILLION TONNERS’ CLUB
These are the companies that made more than one million metric tons of paper and board in 2016.
|
Company Name |
Rank |
Total Paper & Board |
|
International Paper |
1 |
22,395 |
|
Nine Dragons Paper Holdings |
17 |
13,200 |
|
WestRock |
3 |
11,611 |
|
Oji Holdings Corporation |
4 |
10,594 |
|
UPM |
5 |
9,613 |
|
Stora Enso |
10 |
8,930 |
|
DS Smith |
12 |
8,059 |
|
Sappi |
15 |
7,253 |
|
Smurfit Kappa Group |
8 |
7,000 |
|
Nippon Paper |
14 |
6,674 |
|
Svenska Cellulosa Aktiebolaget (SCA) |
6 |
5,994 |
|
Lee & Man Paper Manufacturing |
38 |
5,630 |
|
Mondi |
11 |
5,436 |
|
Shandong Chenming Paper Holdings |
22 |
4,623 |
|
Packaging Corporation of America |
13 |
4,410 |
|
Resolute Forest Products |
27 |
3,666 |
|
Anhui Shanying Paper |
46 |
3,540 |
|
Daio Paper |
30 |
3,518 |
|
Verso Paper |
32 |
3,200 |
|
Rengo |
18 |
2,935 |
|
Siam Cement Public Company |
40 |
2,817 |
|
BillerudKorsnäs AB |
33 |
2,772 |
|
Domtar |
16 |
2,746 |
|
Cascades |
26 |
2,720 |
|
Norske Skog |
55 |
2,506 |
|
YFY Inc. |
43 |
2,487 |
|
Long Chen Paper Co., Ltd. |
68 |
2,468 |
|
KapStone Paper & Packaging |
25 |
2,449 |
|
Graphic Packaging |
20 |
2,398 |
|
Shandong Sun Paper Industry |
39 |
2,250 |
|
Shandong Huatai Paper |
59 |
2,073 |
|
Burgo Group |
48 |
2,033 |
|
Shandong Bohui Paper Industry |
64 |
1,978 |
|
Hokuetsu Kishu Paper |
37 |
1,948 |
|
Cheng Loong |
58 |
1,900 |
|
Catalyst Paper |
52 |
1,900 |
|
Klabin |
35 |
1,852 |
|
Metsä Group |
23 |
1,731 |
|
Holmen |
57 |
1,679 |
|
Mayr-Melnhof Karton |
34 |
1,669 |
|
The Navigator Company |
47 |
1,634 |
|
Sonoco Products |
21 |
1,542 |
|
Lecta |
53 |
1,523 |
|
Empresas CMPC |
19 |
1,434 |
|
Bio-PAPPEL |
61 |
1,409 |
|
Hansol Paper |
65 |
1,375 |
|
Mitsubishi Paper Mills |
56 |
1,372 |
|
Century Sunshine Group |
88 |
1,246 |
|
LEIPA Georg Leinfelder |
84 |
1,206 |
|
Hengan International Group |
62 |
1,200 |
|
Suzano Papel e Celulose |
29 |
1,180 |
|
Clearwater Paper |
45 |
1,097 |
|
Sofidel |
42 |
1,058 |
|
Progroup |
79 |
1,041 |
|
Vinda Paper Group |
50 |
1,040 |
|
Moorim Group |
67 |
1,004 |
RESULTS FROM PULP, PAPER, CONVERTING & MERCHANDISING OPERATIONS ONLY
CONSOLIDATED RESULTS
PRODUCTION 2016 (1,000 METRIC TONs)
|
Rank 2016 |
Rank 2015 |
2016 Net Sales PPCM ($ Million) |
% Change, 2015 to 2016 |
Company Name |
Headquarters Location |
Rank Net Sales |
2016 Net Sales |
% Change, 2015 to 2016 |
2016 Earnings |
2015 Earnings |
Total Assets ($ Million) |
Total Market Pulp |
Total Paper |
Total Employees |
Company CEO |
|
1 |
1 |
21,079.0 |
-5.8% |
International Paper |
Memphis, Tennessee, US |
3 |
21,079.0 |
-5.8% |
902.0 |
917.0 |
33,345.0 |
1,870 |
22,395 |
55,000 |
Mark Sutton |
|
2 |
2 |
18,283.0 |
-9.7% |
Procter & Gamble |
Cincinnati, Ohio, US |
1 |
65,299.0 |
-14.4% |
10,508.0 |
7,036.0 |
127,136.0 |
0 |
0 |
105,000 |
David S. Taylor* |
|
3 |
4 |
14,052.0 |
26.8% |
WestRock |
Norcross, Georgia, US |
5 |
14,171.8 |
24.5% |
-396.3 |
507.1 |
23,038.0 |
523 |
11,611 |
39,000 |
Steve Voorhees |
|
4 |
3 |
13,237.9 |
0.4% |
Oji Holdings Corporation |
Tokyo, Japan |
7 |
13,237.9 |
0.4% |
336.1 |
126.0 |
17,635.2 |
2,200 |
10,594 |
35,392 |
Susumu Yajima* |
|
5 |
5 |
10,779.3 |
-1.6% |
UPM |
Helsinki, Finland |
10 |
10,855.7 |
-3.2% |
973.6 |
1,016.6 |
15,390.7 |
2,600 |
9,613 |
19,310 |
Jussi Pesonen |
|
6 |
6 |
9,829.9 |
3.9% |
Svenska Cellulosa Aktiebolaget (SCA) |
Stockholm, Sweden |
6 |
13,704.2 |
1.7% |
702.3 |
1,038.0 |
19,362.1 |
408 |
5,994 |
46,429 |
Ulf Larsson |
|
7 |
7 |
9,117.0 |
-3.1% |
Kimberly Clark |
Dallas, Texas, US |
4 |
18,202.0 |
-2.1% |
2,219.0 |
1,066.0 |
14,602.0 |
0 |
NA |
42,000 |
Thomas J. Falk |
|
8 |
9 |
9,026.8 |
0.6% |
Smurfit Kappa Group |
Dublin, Ireland |
13 |
9,026.8 |
0.6% |
506.7 |
458.4 |
9,806.8 |
0 |
7,000 |
45,524 |
Tony Smurfit |
|
9 |
10 |
8,958.6 |
3.8% |
Marubeni |
Tokyo, Japan |
2 |
63,809.0 |
-1.9% |
1,432.3 |
557.9 |
63,408.2 |
NA |
630 |
4,458 |
Fumiya Kokubu (President) |
|
10 |
8 |
8,858.7 |
-4.3% |
Stora Enso |
Helsinki, Finland |
11 |
10,844.6 |
-2.4% |
450.3 |
869.0 |
13,637.1 |
2,068 |
8,930 |
26,269 |
Henrik Sundström |
|
11 |
12 |
7,370.6 |
-2.3% |
Mondi |
Addlestone, UK; Johannesburg, South Africa |
15 |
7,370.6 |
-2.3% |
791.1 |
768.0 |
8,087.5 |
547 |
5,436 |
25,400 |
Peter Oswald* |
|
12 |
13 |
6,016.4 |
17.7% |
DS Smith |
Maidenhead, Berkshire, UK |
16 |
6,458.1 |
17.6% |
347.2 |
334.7 |
6,069.1 |
0 |
8,059 |
25,674 |
Miles Roberts |
|
13 |
14 |
5,779.0 |
0.6% |
Packaging Corporation of America |
Lake Forest, Illinois, US |
17 |
5,779.0 |
0.6% |
449.6 |
436.8 |
5,777.0 |
45 |
4,410 |
14,000 |
Mark Kowlzan |
|
14 |
11 |
5,594.3 |
-4.5% |
Nippon Paper |
Tokyo, Japan |
12 |
9,124.3 |
-1.5% |
77.2 |
123.1 |
12,769.3 |
64 |
6,674 |
13,057 |
Fumio Manoshiro |
|
15 |
15 |
5,141.0 |
-4.6% |
Sappi |
Johannesburg, South Africa |
19 |
5,141.0 |
-4.6% |
319.0 |
167.0 |
5,177.0 |
1,111 |
7,253 |
12,051 |
Steve Binnie |
|
16 |
16 |
5,098.0 |
-3.2% |
Domtar |
Montreal, QC, Canada |
20 |
5,098.0 |
-3.2% |
128.0 |
142.0 |
5,680.0 |
1,894 |
2,746 |
10,000 |
John Williams |
|
17 |
18 |
4,831.2 |
4.5% |
Nine Dragons Paper Holdings |
Dongguan, Guangdong, China |
23 |
4,831.2 |
4.5% |
439.8 |
362.2 |
10,129.8 |
0 |
13,200 |
16,300 |
Cheung Yan (Chairlady) |
|
18 |
20 |
4,725.7 |
2.6% |
Rengo |
Osaka, Japan |
21 |
5,010.7 |
2.3% |
137.9 |
82.6 |
6,481.7 |
0 |
2,935 |
16,038 |
Kiyoshi Otsubo (President) |
|
19 |
22 |
4,342.0 |
11.6% |
Empresas CMPC |
Santiago, Chile |
22 |
4,865.0 |
0.5% |
-18.0 |
-3.0 |
14,860.0 |
3,688 |
1,434 |
17,555 |
Hernan Rodriguez W. |
|
20 |
19 |
4,298.1 |
3.3% |
Graphic Packaging |
Marietta, Georgia, US |
27 |
4,298.1 |
3.3% |
228.0 |
230.1 |
4,603.4 |
0 |
2,398 |
13,000 |
Michael P. Doss* |
|
21 |
23 |
3,736.6 |
-3.0% |
Sonoco Products |
Hartsville, South Carolina, US |
24 |
4,782.9 |
-3.7% |
286.4 |
250.1 |
3,923.2 |
0 |
1,542 |
20,000 |
Jack Sanders |
|
22 |
30 |
3,448.4 |
26.7% |
Shandong Chenming Paper Holdings |
Shouguang, Shandong, China |
9 |
11,123.1 |
40.1% |
367.2 |
180.0 |
12,950.8 |
0 |
4,623 |
12,986 |
Chen Hongguo |
|
23 |
17 |
3,399.9 |
-3.6% |
Metsä Group |
Espoo, Finland |
18 |
5,153.5 |
-7.1% |
309.7 |
394.8 |
6,578.2 |
1,942 |
1,731 |
9,300 |
Kari Jordan, President & CEO |
|
24 |
24 |
3,291.4 |
-9.8% |
Sequana |
Paris, France |
31 |
3,291.4 |
-9.8% |
-57.5 |
-74.4 |
953.7 |
0 |
470 |
8,530 |
Pascal Lebard |
|
25 |
31 |
3,077.0 |
10.3% |
KapStone Paper & Packaging |
Northbrook, Illinois, US |
33 |
3,077.0 |
10.3% |
86.2 |
106.3 |
3,255.0 |
0 |
2,449 |
6,400 |
Matthew Kaplan* |
|
26 |
29 |
3,018.6 |
3.6% |
Cascades |
Kingsey Falls, QC, Canada |
34 |
3,018.6 |
3.6% |
101.9 |
-50.9 |
3,072.9 |
0 |
2,720 |
11,000 |
Mario Plourde |
|
27 |
26 |
2,949.0 |
-5.1% |
Resolute Forest Products |
Montreal, QC, Canada |
28 |
3,545.0 |
-2.7% |
-81.0 |
-257.0 |
4,277.0 |
1,469 |
3,666 |
8,300 |
Richard Garneau |
|
28 |
102 |
2,861.2 |
NA |
Orora |
Hawthorn, Victoria, Australia |
35 |
2,861.2 |
NA |
125.3 |
NA |
2,182.8 |
NA |
NA |
6,200 |
Nigel Garrad |
|
29 |
27 |
2,832.1 |
-3.3% |
Suzano Papel e Celulose |
São Paulo, SP, Brazil |
36 |
2,832.1 |
-3.3% |
484.6 |
-277.7 |
8,425.4 |
3,500 |
1,180 |
8,400 |
Walter Schalka |
|
30 |
21 |
2,757.8 |
-36.7% |
Daio Paper |
Tokyo, Japan |
26 |
4,386.8 |
0.6% |
1,095.3 |
0.9 |
6,047.3 |
NA |
3,518 |
9,594 |
Masayoshi Sako |
|
31 |
28 |
2,755.6 |
-4.6% |
Fibria Celulose |
São Paulo, SP, Brazil |
37 |
2,755.6 |
-4.6% |
476.6 |
107.1 |
9,870.1 |
5,000 |
0 |
18,000 |
Marcelo Castelli |
|
32 |
25 |
2,600.0 |
-16.7% |
Verso Paper |
Memphis, Tennessee, US |
38 |
2,600.0 |
-16.7% |
1,146.0 |
-422.0 |
1,855.0 |
290 |
3,200 |
4,500 |
Christopher DiSantis* |
|
33 |
32 |
2,529.9 |
-0.7% |
BillerudKorsnäs AB |
Solna, Sweden |
39 |
2,529.9 |
-0.7% |
177.3 |
233.4 |
3,020.2 |
NA |
2,772 |
4,274 |
Per Lindberg |
|
34 |
33 |
2,514.4 |
4.2% |
Mayr-Melnhof Karton |
Vienna, Austria |
40 |
2,514.4 |
4.2% |
169.7 |
157.7 |
2,192.7 |
0 |
1,669 |
9,927 |
Wilhelm Hörmanseder |
|
35 |
45 |
2,351.2 |
44.2% |
Klabin |
São Paulo, SP, Brazil |
45 |
2,351.2 |
44.2% |
711.3 |
-376.1 |
8,287.6 |
797 |
1,852 |
13,833 |
Fabio Schvartsman |
|
36 |
36 |
2,343.4 |
10.0% |
Lenzing Group |
Lenzing, Austria |
44 |
2,361.1 |
8.0% |
253.5 |
137.7 |
2,904.5 |
NA |
0 |
6,218 |
Stefan Doboczky |
|
37 |
40 |
2,341.9 |
6.8% |
Hokuetsu Kishu Paper |
Tokyo, Japan |
42 |
2,412.5 |
6.3% |
108.8 |
65.8 |
3,330.1 |
671 |
1,948 |
4,769 |
Sekio Kishoimoto |
|
38 |
34 |
2,281.5 |
0.5% |
Lee & Man Paper Manufacturing |
Hong Kong, China |
43 |
2,362.9 |
4.1% |
368.8 |
300.8 |
4,509.0 |
0 |
5,630 |
6,900 |
R. Lee (Lee Man Chun) |
|
39 |
48 |
2,176.1 |
46.1% |
Shandong Sun Paper Industry |
Yanzhou, Shandong, China |
46 |
2,176.1 |
33.5% |
174.4 |
107.0 |
3,040.0 |
790 |
2,250 |
6,844 |
Li Hongxin |
|
40 |
37 |
2,112.4 |
5.1% |
Siam Cement Public Company |
Bangkok, Thailand |
8 |
11,999.9 |
-3.7% |
1,589.4 |
1,568.7 |
15,294.2 |
117 |
2,817 |
53,800 |
Roongrote Rangsiyopash |
|
41 |
35 |
2,041.1 |
-9.0% |
Arauco |
Santiago, Chile |
25 |
4,761.3 |
-7.5% |
217.6 |
367.7 |
14,006.0 |
3,695 |
0 |
14,239 |
Matias Domeyko |
|
42 |
38 |
2,038.4 |
1.8% |
Sofidel |
Rome, Italy |
49 |
2,038.4 |
1.8% |
91.9 |
70.6 |
2,260.8 |
0 |
1,058 |
5,627 |
Luigi Lazzareschi |
|
43 |
39 |
1,964.2 |
-0.4% |
YFY Inc. |
Taipei, Taiwan |
50 |
1,964.2 |
-0.4% |
17.2 |
53.1 |
3,432.1 |
217 |
2,487 |
10,623 |
Felix Ho |
|
44 |
47 |
1,950.9 |
19.1% |
Heinzel Group |
Vienna, Austria |
51 |
1,950.9 |
19.1% |
63.8 |
68.4 |
1,255.2 |
354 |
593 |
2,441 |
Kurt Maier* |
|
45 |
44 |
1,734.7 |
-1.0% |
Clearwater Paper |
Spokane, Washington, US |
57 |
1,734.7 |
-1.0% |
49.5 |
55.9 |
1,684.3 |
2 |
1,097 |
3,370 |
Linda K. Massman |
|
46 |
53 |
1,721.8 |
22.7% |
Anhui Shanying Paper |
Shanghai, China |
54 |
1,826.7 |
24.0% |
42.3 |
22.8 |
3,018.1 |
0 |
3,540 |
8,817 |
Wu Mingwu (Chairman) |
|
47 |
49 |
1,699.9 |
7.7% |
The Navigator Company |
Setúbal, Portugal |
56 |
1,740.9 |
-3.1% |
239.9 |
218.0 |
2,665.3 |
291 |
1,634 |
3,111 |
Diogo A. R. da Silveira |
|
48 |
43 |
1,666.2 |
-5.8% |
Burgo Group |
Altavilla Vicentina, Italy |
48 |
2,141.9 |
-9.6% |
19.3 |
197.5 |
1,818.9 |
0 |
2,033 |
3,670 |
Ignazio Capuano |
|
49 |
46 |
1,604.8 |
-3.4% |
Glatfelter |
York, Pennsylvania, US |
60 |
1,604.8 |
-3.4% |
21.5 |
64.5 |
1,521.3 |
0 |
948 |
4,346 |
Dante C. Parrini |
|
50 |
60 |
1,553.2 |
28.8% |
Vinda Paper Group |
Guangdong, China |
62 |
1,553.2 |
24.3% |
84.2 |
40.6 |
2,013.4 |
0 |
1,040 |
11,257 |
Christoph Michalski |
|
Rank 2016 |
Rank 2015 |
2016 Net Sales PPCM ($ Million) |
% Change, 2015 to 2016 |
Company Name |
Headquarters Location |
Rank Net Sales |
2016 Net Sales |
% Change, 2015 to 2016 |
2016 Earnings |
2015 Earnings |
Total Assets ($ Million) |
Total Market Pulp |
Total Paper |
Total Employees |
Company CEO |
|
51 |
52 |
1,548.9 |
3.7% |
Palm |
Aalen, Germany |
63 |
1,548.9 |
3.7% |
NA |
NA |
NA |
0 |
NA |
4,000 |
Wolfgang Palm |
|
52 |
50 |
1,508.9 |
0.4% |
Catalyst Paper |
Richmond, BC, Canada |
64 |
1,508.9 |
0.4% |
NA |
-38.7 |
0.0 |
443 |
1,900 |
2,600 |
Leslie Lederer* |
|
53 |
51 |
1,492.8 |
-3.8% |
Lecta |
Barcelona, Spain |
61 |
1,570.7 |
-4.8% |
-12.9 |
-23.5 |
1,341.0 |
0 |
1,523 |
3,288 |
Eduardo Querol |
|
54 |
56 |
1,416.5 |
4.0% |
Prinzhorn Holding |
Wiener Neudorf, Austria |
65 |
1,416.5 |
4.0% |
NA |
NA |
NA |
NA |
NA |
6,076 |
Thomas Cord Prinzhorn |
|
55 |
54 |
1,410.4 |
2.7% |
Norske Skog |
Skøyen, Oslo, Norway |
66 |
1,410.4 |
2.7% |
36.4 |
-189.3 |
1,219.3 |
0 |
2,506 |
2,462 |
Sven Ombudstvedt |
|
56 |
42 |
1,383.0 |
-30.5% |
Mitsubishi Paper Mills |
Tokyo, Japan |
53 |
1,856.8 |
-6.6% |
39.7 |
18.3 |
2,168.6 |
NA |
1,372 |
3,697 |
Kunio Suzuki |
|
57 |
58 |
1,298.9 |
-2.6% |
Holmen |
Stockholm, Sweden |
55 |
1,812.2 |
-3.1% |
166.3 |
66.3 |
4,075.9 |
56 |
1,679 |
2,989 |
Henrik Sjölund |
|
58 |
57 |
1,242.8 |
-7.6% |
Cheng Loong |
Taipei, Taiwan |
67 |
1,242.8 |
-7.6% |
37.4 |
26.6 |
1,818.7 |
0 |
1,900 |
8,271 |
Suanne Cheng |
|
59 |
59 |
1,212.8 |
5.8% |
Shandong Huatai Paper |
Dongying, Shandong, China |
59 |
1,627.2 |
14.8% |
27.4 |
7.5 |
2,242.0 |
0 |
2,073 |
7,522 |
Li Xiaoliang |
|
60 |
61 |
1,201.4 |
1.0% |
Ahlstrom |
Helsinki, Finland |
68 |
1,201.4 |
1.0% |
38.6 |
9.5 |
916.2 |
0 |
381 |
3,255 |
Jan Åström |
|
61 |
67 |
1,170.5 |
28.8% |
Bio-PAPPEL |
Durango, México |
70 |
1,170.5 |
28.8% |
-2.2 |
2.5 |
1,471.8 |
0 |
1,409 |
10,822 |
Miguel Rincón |
|
62 |
55 |
1,168.0 |
-16.1% |
Hengan International Group |
Jinjiang, Fujian, China |
41 |
2,483.5 |
3.3% |
484.6 |
529.3 |
4,398.8 |
0 |
1,200 |
25,000 |
XU Lianjie* |
|
63 |
66 |
1,166.8 |
8.0% |
Fedrigoni SpA |
Verona, Italy |
71 |
1,166.8 |
8.0% |
70.3 |
63.0 |
1,020.7 |
0 |
463 |
2,720 |
Claudio Alfonsi |
|
64 |
65 |
1,164.4 |
10.8% |
Shandong Bohui Paper Industry |
Zibo, Shandong, China |
69 |
1,173.6 |
10.5% |
30.3 |
6.9 |
1,813.0 |
0 |
1,978 |
4,500 |
Chen Chunfu* |
|
65 |
62 |
1,161.7 |
-0.1% |
Hansol Paper |
Seoul, South Korea |
72 |
1,161.7 |
-0.1% |
31.5 |
22.7 |
362.5 |
0 |
1,375 |
879 |
Lee Sang Hun |
|
66 |
69 |
1,128.5 |
16.6% |
VPK Packaging |
Aalst, Belgium |
74 |
1,128.5 |
16.6% |
57.5 |
72.1 |
846.4 |
0 |
875 |
4,860 |
Pierre Macharis |
|
67 |
63 |
1,040.6 |
-8.5% |
Moorim Group |
Seoul, South Korea |
58 |
1,668.6 |
-3.0% |
10.9 |
12.0 |
2,829.0 |
254 |
1,004 |
1,209 |
Suk Man Kim |
|
68 |
78 |
1,008.0 |
21.2% |
Long Chen Paper Co., Ltd. |
Taipei, Taiwan |
75 |
1,008.0 |
21.2% |
77.9 |
29.9 |
1,749.6 |
0 |
2,468 |
4,184 |
Cheng Yin-Pin |
|
69 |
64 |
974.4 |
-9.5% |
Eldorado Brasil Celulose |
São Paulo, SP, Brazil |
76 |
974.4 |
-9.5% |
82.5 |
84.4 |
3,093.7 |
1,638 |
0 |
5,000 |
Jose Carlos Grubisich Filho |
|
70 |
75 |
926.4 |
7.7% |
Kruger Products |
Montreal, QC, Canada |
78 |
926.4 |
7.7% |
26.8 |
1.2 |
1,008.6 |
0 |
363 |
2,500 |
Mario Gosselin |
|
71 |
68 |
916.4 |
-11.6% |
Södra |
Växjö, Sweden |
47 |
2,159.0 |
1.2% |
96.6 |
221.2 |
2,554.8 |
1,429 |
0 |
3,594 |
Lars Idermark |
|
72 |
74 |
886.4 |
-0.6% |
EUROPAC Papeles y Cartones de Europa |
Madrid, Spain |
79 |
886.4 |
-0.6% |
54.0 |
36.0 |
1,238.2 |
0 |
942 |
2,100 |
José Miguel Isidro (Chairman) |
|
73 |
71 |
869.0 |
-7.7% |
Rayonier Advanced Materials |
Jacksonville, Florida, US |
80 |
869.0 |
-7.7% |
73.0 |
55.0 |
1,422.0 |
705 |
0 |
1,200 |
Paul G. Boynton |
|
74 |
80 |
853.3 |
8.4% |
Tembec |
Montreal, QC, Canada |
73 |
1,130.9 |
5.7% |
15.1 |
-117.4 |
875.2 |
813 |
379 |
3,000 |
James Lopez |
|
75 |
70 |
847.3 |
-10.5% |
Mercer International |
Seattle, Washington, US |
77 |
931.6 |
-9.8% |
34.9 |
75.5 |
1,158.7 |
1,428 |
0 |
1,486 |
David M. Gandossi |
|
76 |
76 |
839.7 |
-5.4% |
Neenah Paper |
Alpharetta, Georgia, US |
83 |
839.7 |
-5.4% |
73.0 |
51.1 |
724.5 |
0 |
0 |
2,303 |
John P. O’Donnell |
|
77 |
72 |
831.2 |
-7.0% |
Canfor |
Vancouver, BC, Canada |
32 |
3,195.1 |
7.9% |
153.8 |
71.9 |
2,472.4 |
1,218 |
136 |
6,257 |
Donald Kayne |
|
78 |
81 |
819.4 |
1.7% |
Papierfabrik August Koehler SE |
Oberkirch, Germany |
84 |
819.4 |
1.7% |
54.0 |
39.3 |
865.3 |
0 |
483 |
1,806 |
Kai Furler |
|
79 |
99 |
811.2 |
74.6% |
Progroup |
Landau/Pfalz, Germany |
85 |
811.2 |
6.3% |
NA |
0.0 |
925.8 |
0 |
1,041 |
1,010 |
Jürgen Heindl |
|
80 |
79 |
805.1 |
6.1% |
Chuetsu Pulp and Paper |
Tokyo, Japan |
81 |
863.1 |
-6.0% |
13.7 |
11.7 |
1,200.2 |
0 |
952 |
786 |
Akemi Kato |
|
81 |
82 |
752.3 |
2.3% |
Arctic Paper |
Poznañ, Poland |
86 |
752.5 |
2.3% |
15.5 |
-7.0 |
448.8 |
0 |
661 |
1,250 |
Per Skoglund* |
|
82 |
84 |
690.3 |
-1.4% |
Appvion |
Appleton, Wisconsin, USA |
88 |
690.3 |
-1.4% |
-19.0 |
158.5 |
387.1 |
0 |
NA |
1,402 |
Kevin Gilligan |
|
83 |
86 |
687.1 |
1.6% |
Greif |
Delaware, Ohio, US |
30 |
3,323.6 |
-8.1% |
74.9 |
71.9 |
3,153.0 |
0 |
700 |
12,370 |
Peter G. Watson |
|
84 |
85 |
685.9 |
0.0% |
LEIPA Georg Leinfelder |
Schwedt, Germany |
89 |
685.9 |
0.0% |
NA |
NA |
NA |
0 |
1,206 |
1,177 |
Peter Probst |
|
85 |
77 |
669.3 |
-18.9% |
Yueyang Forest & Paper Co. |
Yueyang, Hunan, China |
87 |
722.4 |
-19.1% |
4.2 |
-62.6 |
2,141.9 |
0 |
864 |
3,671 |
Huang Xin |
|
86 |
83 |
669.2 |
-1.4% |
West Fraser Timber |
Vancouver, BC, Canada |
29 |
3,357.4 |
8.5% |
246.0 |
81.4 |
2,716.1 |
1,192 |
128 |
7,800 |
Ted Seraphim |
|
87 |
87 |
661.5 |
4.7% |
Exacompta Clairefontaine |
Etival Clairefontaine, France |
92 |
661.5 |
4.7% |
14.1 |
12.2 |
445.9 |
0 |
259 |
3,144 |
François Nusse |
|
88 |
93 |
610.1 |
14.7% |
Century Sunshine Group |
Weifang, Shandong, China |
93 |
635.8 |
13.4% |
19.0 |
9.0 |
1,163.8 |
0 |
1,246 |
2,950 |
Wang Dongxing |
|
89 |
90 |
603.5 |
3.2% |
KleanNara Co. Ltd |
Seoul, South Korea |
95 |
603.5 |
3.2% |
6.3 |
-1.2 |
444.5 |
0 |
512 |
626 |
Choi Byung Min |
|
90 |
88 |
570.7 |
-8.7% |
Altri |
Porto, Portugal |
90 |
677.6 |
-7.9% |
85.2 |
130.5 |
1,421.7 |
1,031 |
0 |
682 |
P. J. dos Santos Fernandes (Chairman) |
|
91 |
89 |
568.5 |
-0.8% |
ITC |
Kolkata, India |
14 |
8,550.0 |
57.5% |
1,489.0 |
1,535.5 |
8,070.9 |
0 |
728 |
25,883 |
Yogesh Deveshwar (Chairman) |
|
92 |
91 |
559.3 |
-4.2% |
SWM |
Alpharetta, Georgia, US |
82 |
839.9 |
9.9% |
82.8 |
89.7 |
1,173.7 |
0 |
206 |
3,000 |
Frédéric Villoutreix |
|
93 |
92 |
547.7 |
-0.9% |
Celulose Nipo-Brasileira (CENIBRA) |
Belo Oriente, Minas Gerais, Brazil |
97 |
547.7 |
-0.9% |
140.7 |
63.9 |
1,159.8 |
1,201 |
0 |
3,227 |
Naohiro Doi* |
|
94 |
97 |
528.8 |
9.1% |
Reno de Medici SpA |
Milan, Italy |
99 |
528.8 |
9.1% |
3.3 |
12.1 |
-11.1 |
0 |
890 |
1,536 |
Michele Bianchi* |
|
95 |
96 |
497.5 |
-0.6% |
Jeonju Paper Corporation |
Seoul, South Korea |
98 |
531.1 |
6.1% |
-21.3 |
-55.3 |
561.4 |
0 |
916 |
573 |
Jang Man Cheon |
|
96 |
95 |
474.5 |
-11.2% |
ENCE |
Madrid, Spain |
91 |
669.8 |
-8.8% |
42.8 |
55.3 |
1,362.7 |
923 |
0 |
891 |
I. Colmenares y Brunet |
|
97 |
94 |
472.6 |
-0.7% |
De la Rue |
Basingstoke, Hampshire, UK |
94 |
623.7 |
1.6% |
28.4 |
31.8 |
608.8 |
0 |
12 |
2,041 |
Martin Sutherland |
|
98 |
98 |
457.5 |
2.7% |
Hankuk Paper Manufacturing Ltd |
Seoul, South Korea |
96 |
562.3 |
-0.4% |
14.5 |
7.0 |
629.3 |
0 |
534 |
505 |
Lee Bok Jin |
|
99 |
100 |
341.2 |
-0.9% |
Lintec |
Tokyo, Japan |
52 |
1,893.7 |
-2.2% |
152.6 |
90.0 |
2,521.0 |
NA |
0 |
4,760 |
Hiroyuki Nishio |
|
100 |
73 |
315.8 |
564.2% |
BILT – Ballarpur Industries |
New Delhi, India |
100 |
315.8 |
-54.8% |
-0.2 |
1.5 |
1,965.3 |
NA |
700 |
1,521 |
Gautam Thapar |
|
TOTAL |
294,239.9 |
465,394.6 |
33,424.6 |
22,915.8 |
632,818.6 |
48,484.6 |
227,742 |
1,087,118 |
GENERAL NOTES: The Top 100 ranking is based on the net sales of pulp, paper, converting, and merchanting (PPCM) operations. The 2016 numbers are revised financial data received for this year’s report. Unless noted, the financial year reported is January 1, 2016 to December 31, 2016. Where possible, earnings are net earnings and are calculated after tax and excluding extraordinary items. An “NA” means “not available” and no estimate was possible. An * after the CEO’s name indicates that the person is new to this position. Metric tons are used throughout. Figures have been converted to US$ according to RISI currency tables at press time.
International Paper: Production = sales. Procter & Gamble: PPCM sales include Baby, Feminine and Family Care divisions. Fiscal year runs July 1 2015 to June 30 2016. WestRock: Fiscal year runs October 1 to September 30. Change in financial data due to the combination and loss from discontinued operations. Oji Paper: Fiscal year runs April 1 to March 31. Production = Capacity from RISI’s Mill Asset Database. Oji sales includes some other industrial sectors. UPM: PPCM figure includes some sawmill and renewable diesel sales, as pulp is part of UPM’s Biorefining division. SCA uses approximately 23% of its pulp output internally; the rest it sells to external customers. Production = capacity in Personal Care, Tissue, and Forest Products divisions. PPCM net sales includes some solid-wood, and renewable energy. The original SCA split into two separate listed companies in 2017: the Forest Products division, which will still be called SCA; and the Hygiene division, which has been named Essity. Kimberly-Clark: PPCM sales include K-C Professional and Consumer Tissue segments. Marubeni: Fiscal year runs April 1 to March 31; Production = Capacity. Company combined segments ‘Chemicals’ and ‘Forest Products’ in 2016. Paper & Board Sales = 40% of segment. Paper & Board = capacity from RISI stats. Stora Enso: Market pulp = deliveries. DS Smith’s financial year runs May 1 to April 30. In 2016, DS Smith acquired Milas Ambalaj in January, TRM in March, Creo in June, Dekupack in September, P&I Display in November, and Gopaca in November; DS Smith acquired Parish in January 2017. Nippon Paper fiscal year runs April 1 to March 31. In January 2016, set up joint venture (JV) in Vietnam for paper cup manufacturing, Nippon Paper Viet Hoa My JSC. March 2016, purchased nearly 100% of KyVy corporation, a diaper production company in Vietnam. April 2016, set up JVs with Tokushu Tokai Paper Co. Ltd.; majority stake in sales company Nippon Tokai Industrial Paper Supply Co. Ltd., and minority stake in manufacturing company Shin Tokai Paper Co. Ltd. September 2016, purchased 100% of Weyerhaeuser’s Longview mill to set up Nippon Dynawave Packaging Co. October 2016, Sold 50% stake in North Pacific Paper Corp. to Weyerhaeuser, which eventually sold 100% to WestRock. January 2017, purchased 100% of Indian paper cup manufacturer Plus Paper Foodpack Pvt. Ltd., which is renamed Nippon Paper Foodpack Pvt. Ltd. March 2017, sold Nippon Paper Industries USA Co. Ltd. to McKinley Paper Company, a subsidiary of Bio Pappel S.A.B. de C.V. of Mexico. April 2017, Nippon Paper Crecia Co., Ltd. set up JV Crecia-Kasuga Co., Ltd. with Kasuga Paper Industry Co., Ltd. to manufacture household paper products. Sappi: Fiscal year ran October 1 to September 30. P&B production = sales. Nine Dragons Paper: Fiscal year runs July 1 to June 30. Sonoco: Production = capacity. PPCM sales include Consumer Packaging and Industrial Converted divisions and includes non-paper/board products. Sequana: Paper & Board = metric tons sold. Cascades: P&B Production = shipments. Resolute: Production = capacity. Orora: Fiscal year runs July 1 to June 30. PPCM sales contains glass and alluminium packaging products. Daio Paper: P&B Production = capacity. Fiscal year runs April 1 to March 31. Fibria: Employee total includes outsourced workers. Verso: Upon emergence from Chapter 11, the company became a new entity for financial reporting purposes as of July 15, 2016. BillerudKorsnäs AB: Paper & Board Production = sales. Klabin: Market pulp total reflects Klabin’s entry into the market pulp sector with the opening of its new mill. Lenzing: PPCM net sales are for the Fiber Segment and include textile fibers, nonwoven fibers and the pulp unit. Hokuetsu Kishu: Fiscal year runs April 1 to March 31. Lee & Man: Fiscal year runs April 1 to March 31. Production = capacity from RISI stats, Paper & Board = capacity. The Navigator Company changed its name from Portucel Soporcel in 2016. Glatfelter: Production = metric tons sold. Vinda: Production = capacity. Palm Paper releases limited financial results. Catalyst: Following restructuring, Catalyst has privatized and is not obligated to release a financial report. This will be the company’s final appearance in the Top 100. Production = capacity. Prinzhorn Holding: Releases limited financial information. Mitsubishi Paper: Fiscal year runs April 1 to March 31. Production = capacity from RISI stats. Ahlstrom: Production = sales. Ahlstrom and Munksjö merged in April 2016, the companies now operate under the name Ahlstrom-Munksjö. Long Chen Paper: sales include some other industrials. Kruger Products: Production = capacity. Tembec: Financial year runs October 1 to September 30. Market pulp and paper & board figures are shipments. Chuetsu: Fiscal year runs April 1 to March 31. Production = capacity from RISI stats. Arctic Paper: Employees excludes Rottneros where it owns 51%. Greif: Fiscal year runs November 1 to October 30. Production = capacity. LEIPA: Releases limited financial results. Production = capacity. Leipa acquired UPM’s Schweldt Mill in early 2016. Production includes 104.7 metric tons dissolving pulp. ITC: Fiscal year runs April 1 to March 31. Production = capacity from RISI stats. Reno de Medici: As of Jan 1 2017, Reno De Medici group, Cascades La Rochette and Carero have become one group under the name RDM. De la Rue: Fiscal year runs April 1 to March 31. Lintec: Fiscal year runs April 1 to March 31. BILT – Ballarpur Industries: Fiscal year runs July 1 to June 30. Production = capacity from RISI stats.
GEOGRAPHICAL PORTRAIT OF THIS YEAR’S TOP 100
|
Region |
Number of Companies |
2016 Region Sales PPCM |
2015 Region Sales PPCM ($ Million) |
% Change, 2016/2015 |
PPCM % Total, 2016 |
Mkt Pulp (1000 metric tons) |
Mkt Pulp % Total 2016 |
P&B (1000 metric tons) |
P&B % Total 2016 |
|
Europe |
34 |
91,560 |
91,539 |
0.0% |
31.1% |
11,649 |
24.0% |
69,912 |
31.0% |
|
Asia |
31 |
71,955 |
68,113 |
5.6% |
24.5% |
4,313 |
8.9% |
81,708 |
35.7% |
|
North America |
25 |
105,709 |
109,067 |
-3.1% |
35.9% |
11,893 |
24.5% |
62,994 |
27.5% |
|
Latin America |
8 |
17,014 |
16,714 |
1.8% |
5.8% |
19,519 |
40.3% |
5,875 |
2.6% |
|
Africa |
1 |
5,141 |
5,390 |
-4.6% |
1.7% |
1,111 |
2.3% |
7,253 |
3.2% |
|
Oceania |
1 |
2,861 |
0 |
100.0% |
1.0% |
0.0% |
0.0% |
PPI TOP 100 IN ALPHABETICAL ORDER
Company Name Rank
Ahlstrom 60
Altri 90
Anhui Shanying Paper 46
Appvion 82
Arauco 41
Arctic Paper 81
BillerudKorsnäs AB 33
BILT – Ballarpur Industries 100
Bio-PAPPEL 61
Burgo Group 48
Canfor 77
Cascades 26
Catalyst Paper 52
Celulose Nipo-Brasileira (CENIBRA) 93
Century Sunshine Group 88
Cheng Loong 58
Chuetsu Pulp and Paper 80
Clearwater Paper 45
Daio Paper 30
De la Rue 97
Domtar 16
DS Smith 12
Eldorado Brasil Celulose 69
Empresas CMPC 19
ENCE 96
EUROPAC Papeles y Cartones
de Europa 72
Exacompta Clairefontaine 87
Fedrigoni SpA 63
Fibria Celulose 31
Glatfelter 49
Graphic Packaging 20
Greif 83
Hankuk Paper Manufacturing Ltd 98
Hansol Paper 65
Heinzel Group 44
Hengan International Group 62
Hokuetsu Kishu Paper 37
Company Name Rank
Holmen 57
International Paper 1
ITC 91
Jeonju Paper Corporation 95
KapStone Paper & Packaging 25
Kimberly Clark 7
Klabin 35
KleanNara Co. Ltd 89
Kruger Products 70
Lecta 53
Lee & Man Paper Manufacturing 38
LEIPA Georg Leinfelder 84
Lenzing Group 36
Lintec 99
Long Chen Paper Co., Ltd. 68
Marubeni 9
Mayr-Melnhof Karton 34
Mercer International 75
Metsä Group 23
Mitsubishi Paper Mills 56
Mondi 11
Moorim Group 67
Neenah Paper 76
Nine Dragons Paper Holdings 17
Nippon Paper 14
Norske Skog 55
Oji Holdings Corporation 4
Orora 28
Packaging Corporation of America 13
Palm 51
Papierfabrik August Koehler SE 78
Prinzhorn Holding 54
Procter & Gamble 2
Progroup 79
Rayonier Advanced Materials 73
Rengo 18
Reno de Medici SpA 94
Resolute Forest Products 27
Company Name Rank
Sappi 15
Sequana 24
Shandong Bohui Paper Industry 64
Shandong Chenming Paper Holdings 22
Shandong Huatai Paper 59
Shandong Sun Paper Industry 39
Siam Cement Public Company 40
Smurfit Kappa Group 8
Södra 71
Sofidel 42
Sonoco Products 21
Stora Enso 10
Suzano Papel e Celulose 29
Svenska Cellulosa Aktiebolaget (SCA) 6
SWM 92
Tembec 74
The Navigator Company 47
UPM 5
Verso Paper 32
Vinda Paper Group 50
VPK Packaging 66
West Fraser Timber 86
WestRock 3
YFY Inc. 43
Yueyang Forest & Paper Co. 85
MISSING IN ACTION
Each year, without fail, we get questions regarding missing companies, including some of the big Asian players, most notably APP and APRIL. Others such as Georgia-Pacific, Irving, SAICA, and Kruger are not listed. This is because these companies are privately owned and do not make their financial results public—nor are they required to.