Madison Paper Industries to Face Closure - Papermart

Madison Paper Industries to Face Closure

Madison Paper

UPM-Kymmene will close its mill in Madison, USA, by the end of May; the mill has a total capacity of 195,000 tpy of SC paper

March 15, 2016

UPM-Kymmene Inc. and Northern SC Paper Corp., a subsidiary of the New York Times Company, announced today the dissolution of their partnership, Madison Paper Industries, in the USA. The partnership’s paper business will end and paper production is expected to conclude by the end of May at the latest. The two hydro power plants located at the mill site will be sold.

With the closure of the mill, UPM will reduce its SC paper production capacity by 195,000 t. The closure will affect approximately 210 employees located at the mill. Some employees will remain beyond May to maintain buildings, operate the hydro generating facilities and support activities related to the closing.

“The Madison mill is not cost-competitive and has lost a significant amount of sales in the recent past”, says Ruud van den Berg, Senior Vice President of UPM Paper ENA.