Smurfit-Stone has announced 900,000 tons of permanent linerboard capacity closures at two locations.
-Ontonogan, MI corrugating medium mill (280,000 tons)
-Missoula, MT mill (620,000 tons)
Smurfit news follows the recent announcement that International Paper will shutter 1,400,000TPA of containerboard capacity and West Fraser's announcement of 450,000 tons
of capacity.
The producers will most likely continue to adjust supply to demand which will assist the recent price increase.
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2 comments:
Finally!!!! The industry needs to pack together!!!!
Any other forecasted downtime for early 2010? If market stays depressed, will these companies maintain curtailment?
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