The seventh annual survey summarizes the 2003 year-over-year financial information of the 100 largest forest and paper companies in the world. It also includes an analysis of industry performance in sub-sectors, such as lumber and pulp and paper, and a comparison of the financial performance of key forestry regions such as the United States, Canada, Europe, Asia-Pacific, Japan, Latin America and South Africa.
The survey revealed that in 2003, currency fluctuations and oversupply continued to dampen financial performance in the global forest industry, despite low interest rates around the world. Producers on both sides of the Atlantic continued to focus on achieving operating efficiencies to increase margins. 
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