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IP, P&G and Stora Enso top new PPI-list

Sept 1, 2011 In PPI's Top 100 list for 2010, published by RISI, International Paper (IP) once again heads (for fiscal year 2010, based on pulp, paper, converting and merchanting operations), outpacing its closest competitor, Procter & Gamble (P&G), by an almost two-to-one margin. Stora Enso moved up to third from fifth.

The top 10 remained unchanged from 2009 but in slightly different order. Oji dropped down a spot to fourth and Nippon Paper rounded out the top five, up from sixth a year ago. The rest of the Top 10 were in the following order: SCA, UPM, Kimberly-Clark, Smurfit-Kappa and Mondi.Due to the economic situation, coming out of a recession, most companies were able to post earnings figures that were in the black. Both AbitibiBowater and Smurfit-Stone (since taken over by RockTenn) showed remarkable turnarounds although these were helped in no small part by "fresh start accounting" following bankruptcies, writes RISI.Europe remained number one regarding the number of companies (34), followed by North America (32) and Asia (24). The percentages and tonnages for each region were similar to 2009 figures but Europe showed a large jump in the amount of market pulp produced, up almost three million tonnes.For the complete PPI Top 100 list published by RISI, clichere./KB

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