date:Jul 27, 2012
new box plant in Araatuba.
Profit slumped 36% to $14m because of labour costs, unfavourable foreign currency exchange and product mix.
The segment will start-up its new paperboard machine in Tres Barras at the end of July 2012 and expects significant earnings and cash flow contribution from the Brazil expansion project in 2013.
The firm said it expects earnings to be lower compared to year-ago levels on a continuing operations basis due to weakening global demand, unfavourable foreign curren