Friday, August 29, 2008

COATED GROUNDWOOD Market Update

The new coated market leader, NewPage, announced it will close Kimberly, WI mill by
Sept. 8. NewPage will also take two weeks of previously announced downtime at its Rumford, ME mill to rebuild a turbine.
Verso announced that it will take two weeks of downtime (13K/tons) in September at its Bucksport Mill in Maine.
UPM-Kymmene Corp. closed its two ground wood pulp and paper mills at Miramichi in Canada. The decision came almost eight years after UPM spent nearly $1 billion to buy the two mills
from Repap Inc.
The Finnish company closed the kraft mill in 2004, leaving 400 out of work.

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