NewPage Plans 150,000-ton 2Q '09 Downtime
April 1, 2009 - NewPage Corp. today said that it plans to take approximately 150,000 tons of market-related downtime on its paper machines at various mill locations during the second quarter of 2009.
Specific operating and curtailment plans as well as timing will be developed across NewPage mills to best satisfy customer commitments, the company said.
"We continue to operate in a challenging marketplace where total advertising spend has sharply declined. As we manage through these challenges, we remain committed to running our operations efficiently as we balance our production to consumption," said Rick Willett, president and chief executive officer for NewPage.
"Based on our estimates of market demand and inventory levels, this curtailment is needed to help maintain that balance," he added
SOURCE: NewPage Corp.