Wednesday, April 21, 2010

Update on Japanese Mill Curtailments

The PPI edition for Asia reported on the following-
In Japan, last year, a total of 32-paper machine closures were announced, with combined capacity taken out of 1.463Million TPA, representing 5% of total paper and board. In 2010 there have been additional closings, including Oji’s shutting down the 130,000 TPA coated paper machine, PM #10, at its Kasugai plant, Aichi prefecture. They also plan to close a kraft paper machine, PM #4, at the Kure mill, Hiroshima prefecture, and convert the 180,000TPA PM #5 from printing/writing paper to kraft paper, taking that capacity out of the market. Despite curtailments, prices remain stagnant.

1 comment:

Anonymous said...

This is first I have seen any data on Asian curtailments. Very good and timely data.
This only makes sense due to global paper market.