The solid financial foundation Pope & Talbot has created has seen us through fluctuating market conditions in the highly cyclical commodities markets in our industry. We are well positioned to take advantage of upturns in commodity prices and are streamlined for efficiency as we seek to create shareholder value by focusing on low-cost North American production.

We operate each mill as an independent profit center. This management philosophy has empowered employees to focus on cost reductions and product quality. By centralizing our sales, information systems, finance, and administration, we maximize our economies of scale and minimize redundancy costs in our drive to be a low-cost producer.

With a solid capital structure, based on debt with long-term maturities, we have created additional flexibility and strength. This financial flexibility is vital to our operations throughout fluctuating market cycles.