75677--2/20/2008--PACKAGING_CORP_OF_AMERICA

related topics
{cost, regulation, environmental}
{condition, economic, financial}
{stock, price, share}
{cost, operation, labor}
{gas, price, oil}
{customer, product, revenue}
{stock, price, operating}
Imbalances of supply and demand for containerboard affect the price at which we can sell containerboard and, as a result, could result in lower selling prices and earnings. The intensity of competition in the containerboard and corrugated packaging industry combined with the commodity nature of containerboard could result in downward pressure on pricing, which could lower earnings. Dependence on external wood fiber sources could lead to higher costs and lower earnings for PCA. An increase in the cost of recycled fiber could increase our containerboard manufacturing costs and lower our earnings. An increase in the cost of purchased energy, particularly natural gas and oil, could lead to higher manufacturing costs, resulting in reduced earnings. A material disruption at one of our manufacturing facilities could prevent us from meeting customer demand, reduce our sales and/or negatively impact our results of operation and financial condition. PCA may incur significant environmental liabilities with respect to both past and future operations. Market Price of our Common Stock The market price of our common stock may be volatile, which could cause the value of your investment to decline.

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