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Stora Enso to close down Baienfurt Mill and paper machine at Kabel Mill in Germany

Stora Enso has decided to close down Baienfurt Mill and Kabel Mill’s coated magazine paper machine PM 3 with annual capacity 140,000 tons by the end of the year 2008. The reasons behind the planned closures are persistent profitability problems caused by European overcapacity, the strength of the euro and cost increases, especially for wood and energy.
In September Stora Enso announced its plans to shut down the cartonboard machine at Baienfurt in Germany with annual capacity 190,000 tons of folding boxboard by the end of 2008.