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WORLD PULPPAPER 13 virgin fibre than is made today. We will continue to see repurposing of pulp mills in North America from Printing and Writing grades into those such as fluff and dissolving pulp where demand may grow growth in imports of virgin fibre for tissue manufacturing substitution of recycled containerboard for virgin and a threat from FBB to SBS. Lastly it is necessary to mention the likelihood the need even for some capital investment in North America. Despite low demand growth rates low enough to justify disinvestment in new capacity there will be new investment in the region. As Figure 12 clearly shows a huge amount of North American capacity has reached a critical age. In comparison Figure 13 shows just how new the capacity is in the rest of the world. To remain competitive globally and to maintain margins there will be opportunities for Figure 11. In the long run demand for virgin fibre in North America is likely to increase Figure 12. A large portion of North American assets are nearing the end of their economic lives ...it is necessary to mention the likelihood the need even for some capital investment in North America