Nippon Paper Group Reduces Capacity 875,000 tons

Nippon Paper Group plans to curtail its annual production by 875,000 tons by the end of September in response to a sharp decline in demand. The company will shut down a total of 12 paper and paperboard machines as well as 3 coating plants, reducing its production capacity by 575,000 tons. Approximately 442,000 tons of that will be comprised of various paper grades. The remaining tons will be board.