Word: smurfit
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From the timber harvests of North America and Scandinavia, the giants of the industry--led by International Paper of Stamford, Conn. (2002 total sales: $25 billion); Georgia-Pacific of Atlanta ($23.3 billion); Weyerhaeuser of Tacoma, Wash. ($18.5 billion); Svenska Cellulosa Aktiebolaget SCA of Stockholm ($10 billion); and Smurfit-Stone Container of Chicago ($8.2 billion)--churn out millions of tons of linerboard and corrugated. A box can be small enough to hold a wedding ring or large enough for jet skis (4 ft. by 4 ft. by 4 ft. is the maximum, however). The U.S. leads the world in box manufacturing...
...Total number of anticipated layoffs announced last week at Boeing, Exxon-Mobil, ITT, Kellogg, Johnson & Johnson, Smurfit-Stone, Courtaulds, United Dominion, Volvo, Deutsche Bank and Amway...
...Tycoon Michael Smurfit, chairman of the state-owned phone company Telecom Eireann, resigned after disclosures that he owned an interest in the company that sold land to Telecom for its new headquarters...
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