Capital Effectiveness, 1996 Engineering Conference Proceedings
R. E. Butner
Simons Consultants, Inc.
C.E. Stapley
CRSS, Inc.
Capital intensity for the Pulp & Paper Industry, defined as “annual capital expenditures divided by sales”, has grown to twice that of any other major industrial sector (Figure 1). Some in our industry believe that this is a reflection of our unique process and product demands. Others such as ourselves (based upon previous analyses), believe that this spending is a reflection of philosophy rather than process...