Tuesday, February 12, 2008

UPM to Cut Newsprint, Magazine Paper capacity

UPM has announced a consolidation of production equipment, which will mean shutting down equipment.
-Closure of Miramichi Canada – 450,000 tons magazine papers
-Temporary shut down newsprint machine in Kajaani, Finland and one in Steyrmuhl, Austria -250,000 tons
- Temporary shut down machine in Jamsankoski and one in Tervasaari (both in Finland) – for reduction in label papers

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