Stora Enso to close down 195000 TPA newsprint machine
Stora Enso will, subject to decisions by the respective German corporate bodies, permanently shut down the 195,000 tonnes per year newsprint machine at Maxau Mill in Germany by the end of November 2010. Newsprint production at Maxau will end due to weak European market outlook and high production costs. Sales prices have fallen significantly while recovered paper and wood costs...