We have a good business in Brazil and an internal study shows a second paper machine would be profitable. Still, we have had to postpone the investment decision due to the tax changes which haven't been carried out.

Jan Oksum

Brazil Business Study

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The business case for manufacturing in Brazil is not about optimizing labor costs but about getting inside a complex duty system.

— Jan Lindholm

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Our energy costs increased more than expected in the fourth quarter. Production and sales volumes in Europe were also relatively low in this period, partly because of high sales in the second and third quarters.

A study was conducted last year to find possible fees that would assist with reaching our goal of making up deficits. The study dealt with comparisons of Big Ten schools,

We're working on getting someone to do a feasibility study for us, and we haven't defined a cost yet.

We're different in that we have independent study, a teacher-supported program for parents who are home schooling their children, and our highly Gifted and Talented Education program.

— Jan Gonzales

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