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Paperlinx to Close Burnie Mill in Tasmania

April 27, 2010 - After exhausting efforts to find a buyer for its Burnie Mill in Tasmania, Australia, PaperlinX said that it will close the mill.

The closure of the remaining operations at the Burnie Mill marks the final stage of PaperlinX’s exit from the paper manufacturing business.

"On completion of this closure, PaperlinX will be solely a merchanting company, with businesses distributing paper, sign and display, graphics solutions and industrial packaging to a wide range of customers in Australia, New Zealand and Asia, Europe and North America, the company said in a written statement.

In December 2009, PaperlinX announced that it would close its Wesley Vale Mill (Tasmania) and seek a buyer for the Burnie Mill.

“This has been a long and complex process, and while it is disappointing that we have not been able to find a sustainable outcome for the Burnie operations we do believe that we have reached an outcome that is in the best interests of PaperlinX and its shareholders,” said Tom Parks, Managing Director, PaperlinX.

SOURCE: PaperlinX Limited

See related story:
PaperlinX Getting Out of Paper Manufacturing (12/9/2009)




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