UPM Kymmene to close Miramichi for one year

A combination of a the high Canadian dollar, decreasing prices for coated magazine paper in North America and overcapacity have lead to a decision by UPM Kymmene to close its Miramichi mill in late August for a period of one year. The nearby groundwood mill is also closing and approximately 600 people will be out of work. UPM leaves all options open for Miramichi, and will explore ideas for improving profitability during the shut-down.

The facility has two machines, which produce lightweight coated paper, with an annual capacity of 450,000 tonnes.

See the Pulp and Paper Canada article.