Folding Cartons: Fighting on Several Fronts

Commenting on his outlook for Smurfit-Stone Container Corp., Patrick J. Moore, chairman, president, and CEO, states, “The company faces critical challenges and opportunities as a result of dramatic shifts in the market that call for a profound change at Smurfit-Stone. We recently announced key strategic initiatives to address market realities and are fully engaged in executing this plan. These initiatives include changes in key operating management positions, actions to drive lower costs in our manufacturing system and achieve specific cost and performance targets, and kicking off a customer-focused approach to the marketplace that should provide the foundation for long-term improvement in our results.”