June 3, 2008 - European coated fine paper producer Lecta said that it is reducing CWF (coated woodfree) production at its mills by over 15% during the months of May, June, July and August.

Cost pressures, coupled with current market demand, has forced the group to make this decision in order to adjust its production to current order entry levels, Lecta said.

Lecta is one of the largest manufacturers of coated woodfree paper in the world. The group was created in the late 90's through the acquisition of three long-established companies from southern Europe: Garda (Italy), Condat (France) and Torraspapel (Spain).

SOURCE: Torraspapel