Neenah Paper announced its intention to close the smaller of its two pulp mills at its Terrace Bay, Ontario pulp operation. The No. 1 mill, originally built in 1948, has annual capacity of about 125,000 metric tons of pulp. The mill is expected to close in the second quarter.
"This is a difficult but necessary step if the Terrace Bay facility and the associated woodlands operations are going to be viable," said Sean Erwin, CEO of Neenah Paper. "Terrace Bay and its woodlands have been identified as one of the highest cost pulp operations in Canada. The smaller scale of the No. 1 mill did not justify the investment necessary to compete successfully in today's global pulp market.
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