Coy Paper Company LLC and Paper.com - not only offer more paper grades than any other website, industry expert, P. Scott Vallely, also keeps you up to date on what is happening in the paper industry..... usually before it is public information.
Wednesday, May 27, 2009
NewPage Sends Message to Competitors
Currently, about a third of coated paper equipment is down, or has been turned off at some point, during the first half of 2009. Most of this down time has been at the NewPage facilities. The company has closed five machines and sold nearly 45% less tons in the first quarter. NewPage has given up market share as a result, and is growing frustrated that competitors keep their machines running. NewPage feels USA market has over a million tons of excess capacity. They think mills such as Verso and Kruger should now do their pro rata part (which is more than past curtailment from respective mill).
Seems to me, others do in fact, take down time, but I can certainly understand Newpage frustration - they have taken the most on a disporportionate basis!
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