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Paper Industry Announces All-Time High of 50% Paper Recovery

According to the American Forest & Paper Association (AF&PA), the national trade association of the forest, paper and wood products industry, 50.3% of all paper used in the U.S. during 2003 (49.3 million tons) was recovered for recycling, callling it a significant milestone in paper recycling history. This is a 69% increase from 1990, when 33.5% percent of paper was recycled. Over 80% of paper mills in the U.S. use recovered paper now – about 37% of the raw material used to make new paper and paper products. In 2002 AF&PA announced a goal to recover 55% of paper by 2012. In 2003 recovery of Corrugated Containers rose to a high of 75.8%; Newspapers rose to a high of 73%; and office paper rose to a high of 48.3%. Detailed information on U.S. paper recovery statistics can be found in AF&PA's "2004 Recovered Paper Statistical Highlights" on AF&PA's website. Website: http://www.afandpa.org     

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Trex on FORTUNE Small Business Magazine's '100 Fastest Growing Small Companies' List

Trex Company (NYSE: TWP) has been named to FORTUNE Small Business magazine's annual list of the 100 Fastest Growing Small Companies in America, ranking #91 on the list of public companies. To compile the list, Zacks, a financial research firm, screens public company annual reports with annual revenues of less than $200 million and a stock price of more than $1. Within that group, companies are ranked based on earnings growth, revenue growth, and stock performance over the past three years. Trex Company is the nation's largest manufacturer of alternative decking, which is marketed under the brand name Trex. Trex Wood-Polymer lumber offers an attractive appearance and the workability of wood without the ongoing need for protective sealants or repairs. Trex decking and railing is manufactured in a proprietary process that combines waste wood fibers and reclaimed polyethylene and is used primarily for residential and commercial decking. The Company sells its products through approximately 90 wholesale distribution locations, which in turn sell Trex decking to approximately 3,300 independent contractor-oriented retail lumberyards across the United States and Canada. In 2004, the Company's products will be available in a limited number of Home Depot stores.

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House Passes Tax Bill Containing PTC Extension

On June 17, the House Corporate Tax bill (H.R. 4520), which contains an extension of the wind energy production tax credit (PTC), passed the full House of Representatives by a vote of 251-178. The bill is also known as the American Jobs Creation Act of 2004 or the Foreign Sales Corporation – Export Trade Incentives (FSC-ETI) bill. The Senate passed its version of corporate tax legislation (S. 1637) on May 11. "We have cleared two hurdles on PTC passage in the last four days," said AWEA legislative director Jaime Steve. "On Monday the corporate tax bill containing the PTC moved successfully through the House Ways & Means Committee. On Thursday that bill was approved by the full House of Representatives. Now it is on to the House-Senate conference committee stage where we will continue urging Congress to act as quickly as possible to get the wind industry back to work." While the bill now moves to the conference committee (the negotiating stage at which differences are hammered out between the two bills), this process is expected by many to be difficult and potentially protracted, Steve said, due to the large number of significant policy differences between the bills. Key participants […]

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