Wednesday, March 13, 2013

Kondopoga Restarting Newsprint PMs

Russia's largest newsprint maker Kondopoga is resuming production on its 110,000 tonne/yr PM 9.
The PM is set to restart tomorrow.
"By April, Kondopoga will be running three of the six existing newsprint machines. Most of the output on PM's 8 and 9 is meant for the export market," the spokesperson said. He added that it is unclear at the moment whether the management intends to restart the mill's three remaining paper machines.
The 750,000 tonne/yr Kondopoga mill halted production on five paper machines over November/December 2012 following financial difficulties due to tough market conditions and low profitability. By early 2013, the firm had accumulated over Rouble 10 billion ($330 million) in debts.