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Holmen to Cut Newsprint Capacity by 110,000 Tons

Dec. 10, 2007 - Swedish paper producer Holmen said that it plans to reduce standard newsprint capacity by a total of 150,000 tonnes per year. The plan includes a review of the company's Hallsta paper mill and most likely the shutdown of PM2, the oldest of the mill's four paper machines, which has a capacity of about 110,000 tpy.

Holmen also said it would be re-evaluating its product mix.

“The high costs of wood, recovered paper and energy make it essential to overhaul the mill's structure in order to create better conditions for the future,” said Magnus Hall, Holmen's president and CEO. “This applies to the paper production as well as the energy and pulp production at Hallsta.”

SOURCE: Holmen




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