Update on StoraEnso Capacity Reductions

In October, Paper.com announced StoraEnso would be reducing capacity of its paper making facilities. We recently learned, the company would be shuttering 500,000 tons of paper and 550,000 tons of pulp. They will permanently close the Summa mill – capacity of 415,000 tons of newsprint, uncoated magazine paper, and book paper – in first quarter of 2008. At StoraEnso’s Anjala mill, paper machine #2, which produces 155,000 of coated magazine paper, will stop production. This machine will be converted to manufacture book paper. Once this rebuild is complete, #1 paper machine at Anjala will be closed – eliminating 120,000 tons of book paper.