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NewPage To Take Approximately 160,000 Tons of Market-Related Downtime in Fourth Quarter 2009
MIAMISBURG, Ohio, Oct. 12 /PRNewswire/ -- NewPage Corporation today announced that it plans to take approximately 160,000 tons of market-related downtime in the fourth quarter of 2009. Specific operating and curtailment plans, as well as timing, are still being developed and will be implemented across the flexible NewPage mill system to best satisfy customer commitments. This plan is expected to include the indefinite shutdown of the No. 63 paper machine at the Whiting, Wisconsin mill.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080514/NEWPAGELOGO )
"We continue to operate in a very challenging environment, and remain committed to running our operations efficiently as we balance production and demand," said Rick Willett, president and chief executive officer for NewPage. "Though we are announcing that No. 63 paper machine will be curtailed in fourth quarter, we will continue to support our lightweight coated groundwood customers at the Biron, Wisconsin and Rumford, Maine mills where we recently expanded our capabilities to produce these products."
NewPage, in addition to other U.S. coated paper manufacturers, have struggled in the face of surging low-priced imports from China and Indonesia, on top of the general economic downturn. The domestic market has eroded because of unfair trade practices which have forced U.S. producers to take market-related downtime as well as close numerous paper machines, resulting in thousands of job losses. As a result, NewPage, along with other U.S. paper producers and the United Steelworkers (USW), recently filed antidumping and countervailing duty cases covering certain types of coated paper that are being imported into the U.S. from China and Indonesia in violation of international trade rules.
"We are hopeful that the trade cases will restore a level playing field in the market for coated papers," Willett added. "We plan to restart the No. 63 machine in Whiting, Wisconsin, as well as the No. 10 machine in Rumford, Maine that was idled in September, as soon as market conditions allow."
To learn more about NewPage Corporation, visit www.NewPageCorp.com.
About NewPage Corporation
Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with $4.4 billion in net sales for the year ended December 31, 2008. The company's product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications and direct mail advertising.
NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada. These mills have a total annual production capacity of approximately 4.4 million tons of paper, including approximately 3.2 million tons of coated paper, approximately 1.0 million tons of uncoated paper and approximately 200,000 tons of specialty paper.
SOURCE NewPage Corporation
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