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Stora Enso to close down 195000 TPA newsprint machine

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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...

China to Shut Over 2,000 Outdated Manufacturing Plants

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China's Ministry of Industry and Information Technology on August 8 published a list of 2,087 steel mills, paper mill, cement works and other energy-intensive factories required to close by Sept. 30. The manufacturing plants were chosen after discussions with provincial and municipal officials to identify industrial operations with outdated, inefficient technology, the ministry said....