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By Sakari Suoninen, Nordic Forestry Correspondent HELSINKI, Aug 15 (Reuters) - A perfect storm of bad news is how the head of the world's top paper and board maker Stora Enso (STERV.HE: ) described conditions in the forestry industry a few weeks ago. How to thrive, or just survive, in an increasingly challenging economy, is the main theme for leading forestry industry figures at this year's Reuters Paper Summit, held in Helsinki on Aug. 20 to 22. Overcapacity has kept a lid on paper prices for years, while increasing costs of wood and energy have eaten into paper makers' already low margins. Internet use has reduced demand for newsprint, especially in the United States, and the rapidly worsening economy in North America and Europe could cut demand outlook. Analysts often mention consolidation as a way toward supply-demand... [read full story]
