"The entire papermaking industry has been on a downward trend. Negative

growth of the papermaking companies' sales revenues indicates that the

industry is loss-making," says Pasi Laine, according to Pulp &

Paper Asia.

According to the financial reports of papermaking companies, chinese

businesses in the sector made only 260 miljoner yuan, 41 miljoner

dollar, in profit in the first half of this year.

"I haven't heard demand in the pulp and paper industry is going down.

It is a little bit lower than it used to be. I'm sure it will grow very

soon in China," was Laine's prompt retort.

"It's normal in this kind of industry where investments are heavy," he said.