Of course, if consolidated sales for the same period are looked at, consumer products giant P&G and Japanese behemoth Marubeni far outpace the rest of the Top 100 with total sales of $78,938 million and $102, 705 million respectively.
Overall, the listing did not have as much swing as other years. The top 10 remained albeit in slightly different order. Stora Enso moved up to third from fifth. Oji dropped down a spot to fourth. Nippon Paper rounded out the top five, up from sixth a year ago. In order, the rest of the Top 10 were: SCA, UPM, Kimberly-Clark, Smurfit-Kappa and Mondi.
Coming off a severe recession, most companies were able to post earnings figures that were in the black. Two in particular, 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.
As perhaps can be expected, Chinese companies continued their climb up the sales ladder. Nine Dragons led the way moving into No. 31 on the list with PPCM sales of $2,647 million. This is the highest post a Chinese company had held in the listings. It also marks a big climb for Nine Dragons, which was No. 39 on the list in 2010 and 44 in 2009. All showed strong jumps in PPCM sales
Chinese companies now occupy three spots in the top 50 with Shandong Chenming coming in at No. 35 and Lee & Man at No, 46.
Reflecting the growth of most Asian pulp and paper companies, not just the Chinese, India's BILT moved up 11 spots to 84 on the list, with PPCM sales of $834.3 million in 2010, up from $566 million in 2009.
There are only two newcomers to the Top 100: Shandong Bohui, another going Chinese concern, which came in at 94 after just missing the 2010 list; Portugal's Altri is the other, making its debut at No. 98.
Spain's ENCE, which just made the list last year at the 100 spot, jumped all the way to No. 85, showing a 65% increase in PPCM sales.
In an encouraging sign compared with the past two years, PPCM sales showed an increase of just less than 10% to almost $304,000 million. Paper and board production also showed an increase in 2010 following two years of decline. Production topped 199 million tonnes in 2010, compared with 187.5 million tonnes in 2009. Market pulp also showed some growth, up by about five million tonnes to 43.9 million tonnes.
All six regions in the listing showed an increase in PPCM sales. In 2009, every region but Asia showed a drop. In terms of production of paper, board and market pulp, the percentages and tonnages for each region were remarkably similar to 2009 figures although Europe did show a large jump in the amount of market pulp produced, up almost three million tonnes.
PPI's Million Tonners Club also showed an increase in membership in 2010, up by two to 57 with Billerud and Shandong Bohui Paper joining the club. There is another new name on the list, Bio PAPPEL, but this is the former Durango. In 2010, the members combined to produce almost 186 million tonnes of paper and board compared with the 2009 figure of 171.5 million tonnes.
Geographic portrait of this year´s top 100
|No. of companies1||2010 Sales2($ million)||2009 Sales ($ million)||% change 2010/
|% of total 2010||Mkt pulp3(1,000 tonnes)||% of total 2010||P&B4(1,000 tonnes)||% of total 2010|
|1. Due to consolidation moves, some companies have been added and deleted from the Top 100. This will affect the regional breakdown compared to previous years. Companies are listed in a particular region according to the location of their headquarters. 2. Sales from pulp, paper, converting and merchanting only. 3: Only companies making and reporting market pulp are included. 4: Only companies making and reporting paper and board are included.
PPI top 100 of 2010 in alphabetical order
|BILT - Ballarpur Industries||84|
|Celulose Nipo-Brasileira CENIBRA)||87|
|Chuetsu Pulp and Paper||66|
|De la Rue||100|
|EUROPAC Papeles y Cartones de Europa||92|
|Hengan International Group||54|
|Hokuetsu Kishu Paper||37|
|KapStone Paper & Packaging||88|
|Lee & Man Paper Manufacturing||46|
|LEIPA Georg Leinfelder||78|
|Mitsubishi Paper Mills||41|
|Nine Dragons Paper Holdings||31|
|Packaging Corporation of America||34|
|Procter & Gamble||2|
|Reno de Medici||95|
|Shandong Bohui Paper Industry||94|
|Shandong Chenming Paper Holdings||35|
|Shandong Huatai Paper||79|
|Shandong Sun Paper Industry||70|
|Smurfit Kappa Group||9|
|Suzano Papel e Celulose||32|
|Svenska Cellulosa Aktiebolaget (SCA)||6|
|Tokushu Tokai Paper||75|
|West Fraser Timber||82|
|Yuen Foong Yu Paper||50|
Missing in action
|Every year there are companies that should be in the Top 100 that are not. This is because these often extremely prominent companies are privately owned and do not make their financial results public. Below is a list of firms that would almost certainly make the list if their financial results were available:
APP; APRIL; Carter Holt Harvey; Georgia Pacific; Ilim Pulp; Irving; Kruger; Grupo Orsa; Saica; Visy and Pratt Industries; White Birch Paper.
See Related Tables (pdf format):