Schweitzer-Mauduit to Shut Paper Mill in France
April 20, 2009 - Schweitzer-Mauduit said that it will close its Papeteries de Malaucene paper mill in France. The mill produces finished tipping papers for cigarettes.
The company notified employees on Friday, April 17. About 210 people will be affected by the closure.
“The divestiture action being announced today, although regrettable in terms of the impact on the employees and communities affected, further advances this strategy and highlights our resolve to rationalize our global manufacturing footprint and re-focus resources to achieve leading positions in core product categories that provide opportunity for competitive advantage,” said Frederic Villoutreix, Schweitzer-Mauduit's chairman and CEO.
SOURCE: Schweitzer-Mauduit International