Tuesday, September 17, 2013

Holmen Closes Newsprint PM

http://www.holmen.com/
Holmen has permanently stopped production on the 200,000 tonne/yr newsprint machine PM 51 at its Braviken mill in central Sweden. The machine was halted on September 14, at around 2 PM.
Holmen announced plans to close the machine in March this year due to falling demand, pressure on prices, high raw material costs and the strengthening of the Swedish krona. The company settled the timing for the closure, which has led to 168 job cuts, in May. It is not yet clear what will happen to PM 51, a spokesperson for Holmen said.