Tuesday, September 21, 2010

NewPage Group Inc.

According to www.hoovers.com, a well respected financial reporting website, NewPage Group Inc. is a new company which formed between April 2008 and June 2008. This company produces paper (about 4.4 million tons every year) and sells its paper and paper products. It is part of NewPage Corp, one of the largest producers of coated and specialty paper in North America. This is a private company with 8,503 employees.

Since this smaller company joined a larger one, it added to the old company's competitiveness because it could help make more products for less money. Since this company already had a larger company to connect to, they were not bothered by this highly competitive industry. Had they had to start on their own, they would have needed to have a huge amount of resources in order to affect the competition. Therefore, this company affected the competition because they helped make NewPage Corp. more competitive.

http://www.hoovers.com/company/NewPage_Group_Inc/ryxtcxi-1.html

No comments:

Post a Comment