The country’s paper industry went into a trough when it needed to evolve from the use of chlorine to clean manufacture, warranting a reinvestment in new technologies. Those who invested sizeably in this capital-intensive business needed to sweat their plants to cover interest and depreciation. Those who invested in the wood-based capacities needed to secure resource access through proximate and abundant supply. Those who are worried about the resource productivity needed to work with farmers and clonal technologies, are widening their bandwidth from core manufacture to a different domain. And in the midst of all this, realisations stayed sluggish; market
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