XML FeedsTembec extends shutdown in Pine Falls, Manitoba
Jun 25, 2009 | In Mill Closures & Layoffs | 5 feedbacks »
Tembec just announced a three
week extension to the previously announced curtailment of the Pine Falls, Manitoba Newsprint Operations. The original curtailment, which began on June 16, was estimated to be for three weeks.
"The market for newsprint continues to be challenging. This extended curtailment is a result of unacceptably low prices offered in some markets due to supply and demand imbalances and the black liquor tax credits available to some newsprint mills in the southern US," stated Chris Black, Executive Vice President and President of the Paper Group.
The effect of the overall curtailment is expected to result in a total reduction in production of 22,000 tonnes of newsprint. Tembec indicated it
will continue to monitor market conditions and inventory levels closely and will adjust operating rates accordingly.
Source: Tembec Press Release
5 comments
Tembec needs to face reality here and discuss the obvious -- old equipment on the Newsprint side of the mill that require considerable conditioning. Don't forget about the depressed newsprint market as well. Maybe time to look to alternative products where there are pockets of demand?
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