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Mondi Likely to Close Holcombe Mill in the UK

Sept. 23, 2008 - Mondi said that it has started talks with workers at its Holcombe mill in the UK regarding the likely closure of the plant.

The Holcombe mill has an annual production capacity of 105,000 tons per year of recycled containerboard. It employs approximately 90 people.

The decision to propose the closure of the mill "reflects its high cost position, in particular rising energy costs, against a backdrop of declining demand as the economy continues to slow, all of which has seen the mill move into an operating loss position," Mondi said in a press statement.

SOURCE: Mondi




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