The Newark Group to Close Two Plants
June 29, 2011 - The Newark Group said that will close its Franklin Boxboard mill, located in Franklin, Ohio and its Newark Graphicboard-BCI plant, located in Newark, New Jersey.
A specific timeline for the closures was not disclosed.
Following these closures, selected products from the two facilities will be made available through alternate Newark Paperboard Mills and Newark Graphicboard-BCI sites, the company said.
Both locations will operate in accordance with the W.A.R.N. requirements.
The Newark Group said the closures reflect the corporation's strategic focus on rightsizing its assets in order to best serve its customers.
"It's no secret that market conditions have changed and we, like every organization, need to evolve to not only serve but lead the industry," said Philip B. Jones, president and CEO of The Newark Group. "This move allows us to do just that, as we focus on the specific products and services that our customers need today and into the future."
The Newark Group is an integrated global producer of 100% recycled paperboard and paperboard products with significant manufacturing and marketing operations in North America and Europe. Comprised of five vertically integrated 100% recycled paperboard operations, The Newark Group maintains locations throughout the U.S., Canada and Europe.
SOURCE: The Newark Group