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Rogel isn't alone in reevaluating how best to operate in 2002. "International Paper is continuing to streamline and improve its operations," agrees Dillon. "We ran our mills more efficiently in the third quarter. And (last year), we announced the permanent closure of our Erie, PA, mill."
Compared to third quarter 2000, earnings declined in most paper segments as the impact of the slow economy reduced demand for products used for advertising and print. Forest Products earnings did, however, improve compared to one year ago, notes Dillon. And his company realized higher lumber prices and volumes as a result.
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