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In the paper segment alone, which includes the company's envelope business, 2001 fourth quarter operating profits claimed $13.4 million, compared to $37.6 million in 2000. Segment results reflect weaker market conditions, especially in the autumn of 2001, when many buyers postponed or cancelled major printing projects. For Westvaco, these results also reflect market-related downtime of about 10,000 tons at the company's Luke, MD, and Wickliffe, KY, mills, as well as competition from imports, adds Lukes.
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